China has imported more cotton than expected

China has imported more cotton than expected

According to estimates of the U.S. Department of Agriculture, China’s cotton imports in the season 2011/12 has increased to a new record of 20.5 million bales in May, parts of it serve to stock up the national reserve and almost 30 percent of world reserves are held by China. Reserve sales will influence price levels and would dampen the import demand.


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