新闻&热点
| Auctions will draw down Chinese cotton stocks to a 5-year low |
| 发布者：vensing 点击：1513 |
Chinese cotton stocks will fall to a
five-year low, as the government auctions off its huge reserves, the
International Cotton Advisory Committee.The sharp decline in Chinese imports,
and falling domestic production, will help draw down stocks even as Chinese
demand falls. Cotton sales The Chinese government's huge
stockpiles, accumulated through an abandoned price support scheme, have been
hanging over world markets. Last month the government announced
that it will sell up to Daily sales will be made of up to
30,000 tonnes, with prices based on international and domestic markets in the
run up to the sales. Booming demand But even as Chinese buying falls
off, import demand in other countries, particularly World cotton production to increase marginally in 2016-17, as poor prices for alternative crops see growers return to the fibre |
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