Related Keywords: china cotton inventories, Chinese cotton consumption, Chinese farm subsidies, domestic market, export market, impact of subsidy reforms, keepin down production, market-friendly cotton price, smaller than expected, stockpiles, US Department of Agriculture, USDA estimate
The US Department of Agriculture bureau in Beijing pegged at 58.0m bales (12.64m tonnes) China's inventories at the close of 2014-15 – more than 4m bales below the department's official forecast.
China's cotton inventories in August were equivalent to about 60% of the world total, may end the season smaller than had been thought due to the impact of subsidy reforms which may keep down the country's production long-term.
