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Trade dispute is slowing cotton consumption in China

Cotton industry information resource Cotlook has said the dominant influence on market sentiment during the month of July continued to be the trade dispute between Chin and the US.

Consequences of the ongoing dispute have included economic uncertainty and slowing raw cotton consumption in China and elsewhere.

Late in the month, the mood improved when there were news reports of Chinese importers of US cotton asking for an exemption from tariffs. But by the time talks began again in Shanghai at the end of July, it was clear there was no progress.

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