China has six months’ global supply of cotton in reserve
12/05/2016
Specialist industry publication Cotlook said in its monthly report for April 2016 that the high levels of stock are a legacy of cotton policy in China at the start of this decade. The state reserve acquired almost the entire domestic crop over a number of seasons and the government permitted imports “well above the country’s apparent requirements”.
Previous efforts to dispose of the stocks have met with “limited success”, Cotlook said, but it suggested some of this cotton may come back onto the market during May’s state reserve sales.
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