Related Keywords: announced to begin sell a portion of cotton reserve stocks, beginning in early May, China is dumping cotton on the market, China National Development and Reform Commission, China will be any more successful in auction this year, Only a set amount can be purchased daily, price of cotton was about twice that of polyester in February
The China National Development and Reform Commission or NRCD a few days ago announced that they would begin selling a portion of China’s estimated 58 million bales of reserve stocks beginning in early May.
According to the NRCD, 2 million metric tons (the equivalent of about 9 million 480-pound bales) will be offered for sale in 2016. Only a set amount can be purchased daily, apparently to avoid giving the appearance China is dumping cotton on the market.
