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China to start selling cotton from its state reserve stock over the next two months

Related Keywords: auction domestic cotton, China, consumer and importer of cotton, Good quality imported fiber, largest grower, little import quota available, massive state stockpiles, National Development and Reform Commission, purchase during the harvest, start selling cotton

China, the world's largest grower, consumer, and importer of cotton to start selling down cotton from its massive State stockpiles over the next two months. The aim is to release and then buy in, sell out more and buy in less, in order to use up State reserve stocks, the National development and Reform Commission said.

Low cotton yield this year in China due to dwindle in growing area

Related Keywords: China, cotton growing area, Cotton market, cotton prices, Cotton Yield, increasing cotton export, Lian Weiliang, low profitability, National Bureau of statistics, National Development and Reform Commission, nationwide modern logistics system, new purchase, sale mechanism, supply gap, temporary purchasing policy

With the growing area of cotton in China this year depleting by 2.9 percent in 2014 has resulted fall in cotton yield. The cotton yield has dropped by 2.2 percent year on year to 6.16 million tonnes, as per National Bureau of Statistics (NBS).

Nationwide, cotton land has declined 2.9 percent in 2014 from the previous year to 63.29 million mu, about 4.2 million hectares.

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