(Bloomberg) -- Cotton in New York extended a rally
to a three-year high on speculation China's demand for imports
will rise as U.S. production drops.
U.S. export sales of upland cotton, including unshipped
bales, surged 44 percent to 201,100 bales in the week ended June
14, with 122,200 going to China, the Department of Agriculture
said today. China's dwindling supplies may lead to higher
imports in the second half, the nation's National Development
and Reform Commission said June 13.
Read more at Bloomberg Commodities News
to a three-year high on speculation China's demand for imports
will rise as U.S. production drops.
U.S. export sales of upland cotton, including unshipped
bales, surged 44 percent to 201,100 bales in the week ended June
14, with 122,200 going to China, the Department of Agriculture
said today. China's dwindling supplies may lead to higher
imports in the second half, the nation's National Development
and Reform Commission said June 13.
Read more at Bloomberg Commodities News
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