China Cotton Market Stable

As this year’s harvest approaches, the China Cotton Analysis Conference was held on Sep.15 by China Cotton Association .

 

More and more farmers are seen switching to cotton as both domestic and global prices remain high which is a big incentive for them. China Cotton Association announced that this year’s domestic crop would total about 7.38 million tons, up 11% from last year’s harvest. Crop area total 80.18 million acre, up 4.1% y/y.