China Holds Key to Cotton Prices
NEW YORK—Chinese purchases of U.S. and global cotton have kept the market afloat for almost a year, but U.S. forecasters say demand is tapering off.
In its latest report on supply and demand, the U.S. Department of Agriculture estimated Chinese imports will fall 51% in the 2012-13 marketing year that began Aug. 1 compared with the previous year. Domestic consumption is also projected to be down 2.6% from the 2011-12 marketing year.
转载本网专稿请注明出处“中国纺织网”
编辑:纺织网
文章关键词: Cotton Price