China said that it will start to sell down its massive cotton stockpile this year, in a
move likely to depress demand as the country's mills hold off buying in
anticipation of sales of discounted fiber. China, the world's top consumer of
the fiber, would issue detailed sale plans in the next 10 days, Yin Jian, an
official at state planner the National Development and Reform Commission
(NDRC) told an industry conference.
Read more at the Reuters news article China to Release Cotton from State Reserves This Year.
Learn more about cotton prices here on Apparel Search.