China to sell some surplus cotton, but stocks will remain large

The Chinese government offered to sell 4.6 million bales, or 1 million tonnes, of state-owned cotton at prices ranging from 97 cents to $1.13 per pound from a stockpile estimated at nearly 67 million bales. In its Cotton: World Markets and Trade report, the USDA listed four reasons why “China’s reserves of cotton are expected to remain… » Read More