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Chinese cotton reserves helping support market price
Story Date: 7/31/2012
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Source: Hembree Brandon, SOUTHEAST FARM PRESS, 7/26/12
With a record carryover from a record 2011 world cotton crop, the slide in prices could’ve been even steeper, says Hank Reichle, were it not for the 20 million bales of reserves being held off the market by the Chinese government.
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