Related Keywords: cotton industry, Cotton stockpiling
China out with the policy document late yesterday, is the first official confirmation the policy change will come in 2014, although it does not give more specific details on timing and offers limited information on how subsidies will work. But China, the world's top buyer of raw cotton, will trial direct subsidies for farmers and will scrap its controversial scheme to stockpile the commodities this year, the government said in a policy document.
