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Cotton price 20% up in 4 days


China’s cotton price has increased quickly, 20% up within 4 days in September because of insufficient storage. China suffered decreased cotton turnout last year, with global economy recovering, the demand for cotton products is enlarged, China have to import cotton raw materials to satisfy the domestic manufacture need. This is a danger to China’s textile industry, which feeds over 20 million people, also a bed news to global market, the high cost will be finally paid customers.

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