Cotton firms eye imports

Source:Reuters Published: 2013-7-4 23:28:01

Chinese textile mills are ­lobbying for permission to import more cotton as they struggle to find high-grade fiber locally, a move that would boost prices from key exporters such as the US and Australia, Reuters reported Thursday.

But traders in the world's largest cotton importer are skeptical China would agree to more imports while its reserves remain swollen with domestically grown cotton bought under an aggressive stockpiling program.

Posted in: Companies

blog comments powered by Disqus