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China buys Indian cotton as prices at home jump: Trade

Indian traders have signed contracts to ship 800,000 bales of cotton to China as demand surged from the world’s biggest consumer of the fibre due to a rally in prices in China, industry officials told Reuters. The exports from the world’s biggest cotton producer will help China in augmenting supplies, but could weigh on global prices. "Chinese buyers were very active in the market in last few days," said Atul Ganatra, president of the Cotton Association of India (CAI). The cotton was sold at around 80 to 81 cents per pound on a cost and freight basis (C&F) to […]

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