Chinese cotton reserves = 3 U.S. crops

China’s decision to support its domestic cotton prices at 40 cents per pound more than the Cotton Outlook A Index is doing more than keeping world cotton prices higher. It’s also leading Chinese textile mills to use more polyester fibers. The possible impacts of this policy on the world market and U.S. cotton producers was discussed by the National Cotton Council’s Gary Adams in this presentation at the NCC’s annual meeting in Memphis.