Cotton prices rise due to reduction in U.S. reserves
According to a report by France’s “Echos” on October 13, after the US Department of Agriculture announced a reduction in expected cotton reserves at the end of 2017, cotton prices in the international market rebounded sharply. Experts from the U.S. Department of Agriculture said that due to rising demand in China, the world’s largest cotton consumer market, the expected U.S. cotton reserves in 2017 will be reduced to 4.3 million bales, a 12% decrease from the reported data released in September. Cotton prices rise due to reduction in U.S. reserves
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