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Cotton Prices may increase due to China's Import

Written By Views maker on August 11, 2009 | 8/11/2009

image China's textile and garment industry exported $14 billion worth of goods in June, up 13 percent from the previous month, although down 10 percent from a year ago, The increased exports may lead Increased imports by China may boost world prices, which have jumped 30 percent this year on speculation demand will recover as global production declines. Exports of textiles by China, the world's biggest, have begun to rebound, draining depleted cotton inventories. China, the world's largest cotton consumer, may raise import quotas by almost 40 percent as sales from state stockpiles have failed to relieve a shortage of supplies.