Related Keywords: Beijing hold around eleven million tonnes of cotton stocks, China government, consulting with textile and cotton industry, degrades over time, drive domestic prices lower, plan to sell some bulging cotton stockpile, racking up storage costs, reduce import demand, release of cotton stockpile, under pressure over ageing cotton stockpile
The Chinese government is under pressure over its ageing cotton stockpile, which degrades over time and is racking up storage costs for which the government is consulting with the textile and cotton industry on plans to sell some of its bulging cotton stockpile, according to sources.
