A recent United States Department of Agriculture (USDA) report states
world ending stocks are forecast at the largest single-year increase in
25 years due to global production and demand. Last year’s record prices
and China’s decision to rebuild reserves contribute to the rise. The
country increased its imports by 500,000 bales to 16 million in order to
rebuild reserves .
.China will capture about 40% of the increase of the ending stocks.
The government has purchased close to 12 million bales of domestic
cotton and several million bales of foreign cotton, according to the
USDA. .”
Date:2/6/2012
Source: