Related Keywords: Chinese farmers, ELS acreage, extra long staple cotton, global exporters like United states, pressuring price and demand, regular cotton subsidy, subsidy for fibre more, to plant more top quality cotton, US pima
After China abandoned stockpiling last year and offered new subsidies connected to market prices, Chinese farmers have started to plant significantly more top quality cotton, known as extra-long staple (ELS) cotton. As the result China's production of ELS cotton, could be three times last year's crop in 2015/16, traders estimate, pressuring prices and demand from global exporters like the United States.
