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China May Face Cotton Supply Shortage This Year, CNCotton Says
China, the world’s biggest cotton consumer, may face a domestic supply shortage on falling output and reduced international supplies for import, an analyst at state-backed CNCotton.com said.
Egytex News Desk
Source: www.businessweek.com
Domestic consumption may outstrip available supply by 3.5 million metric tons in the 2009-2010 marketing year through Aug. 31, and supply will remain tight next year, Mei Yong, a director at the portal owned by China National Cotton Reserves Corp., said at an April 16 conference in Shandong.
Source: www.businessweek.com
From the Egytex news archive, first published on 21 April 2010. Figures and names are as reported at the time.
