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China government may purchase part new cotton for storage

China government may purchase part new cotton for storage

Write: Rinako [2011-05-20]

The news shows that to stabilize cotton price, increase capital for purchasing new cotton and avoid stagnant cotton market , purchase cotton without payment , government will purchase part new cotton bulk to enrich storage. It is anticipated that the new cotton price will be formed and cotton peasant profit will be protected if this great measure be taken.