China Cot­ton Ex­tend­ing Price Rally

The Economic Times - - Commodities Plus -

China’s cot­ton fu­tures ex­tended a rally on Thurs­day as spec­u­la­tive buy­ing pushed prices to the high­est in over a year in an­tic­i­pa­tion of tight sup­plies af­ter Bei­jing de­layed sales from its state cot­ton re­serves. Price jumped about a quar­ter this month, out­pac­ing gains in the US mar­ket.

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