Basic Industries
Local harvests give China record cotton reserves
Last Updated:2013-01-25 14:40 | China Daily
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China, the world's biggest cotton grower and consumer, has amasse d record reserves by buying local harvest s over the past two years to protect farmers and not to control global markets, a State-run trade group said.

The stockpiling was originally drafted as a temporary backup plan when supply exceeds demand, the China Cotton Association said. The country has bought local cotton since 2011 to ease a plunge in prices and boost farmers' profits.

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