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Cotton prices fall on China concerns

Posted on 05 November 2013

Cotton prices fell to the lowest level since January as investors and traders fretted that China is gearing up to release cotton from its stockpile, a move that would quickly ripple through the global cotton market.
Traders say they expect the state-owned company that controls China’s cotton reserve to sell some of its roughly 10 million-ton hoard by the end of the year. Chinese textile mills that spin raw cotton into yarn would be the likely buyers, curbing their need to import from farmers in the U.S., China’s top supplier………………………………………..Full Article: Source


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