Cotton glut is worked down in China, worldwide

China has sold around 1.6 million tonnes of cotton from its state-owned reserve since daily auctions began in May, sharply reducing the burdensome stockpile, said the International Cotton Advisory Committee. The intergovernmental body said that significantly smaller crops in the five major cotton-growing nations and stronger-than-expected demand reduced the global stockpile by 12 percent in just… » Read More

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