Related Keywords: China cotton, cotton industry
Cotton stockpiling by China, the world's top cotton buyer is a driver of global prices. China's state cotton stockpile reached 5.5 million tonnes by the end of last week, after the country bought 227,700 tonnes of domestic fibre in its smallest weekly purchase since the middle of October, official statistics showed on Monday.
China's buying for state reserves, now in its third year, influences import demand as it leaves little available for domestic sale and pushes up local prices.
