Farm Progress is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Serving: Central

China’s reserve policies mystifying world’s cotton analysts

Last year, the Chinese government only had a gap of 5  million bales between what the country’s farmers grew and what its textile  manufacturing sector was expected to spin. Yet China imported 24.5 million  bales of cotton from around the world. These purchases and China’s support  price of roughly $1.25 per pound are creating a surplus stocks situation that  is mystifying to say the least, according to cotton buyer Joe  Nicosia.

TAGS: Outlook
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish