date:Jan 21, 2014
ore locally grown cotton, denting China's demand for imported fibre. The country's hoarding of domestic supplies is expected by the end of July to reach more than 12 million tonnes, or 60 percent of global stocks.
China's soy purchases will be less affected by the move as most crushers in coastal regions are already largely dependent on imports.
Beijing also said it would maintain stockpiling for rapeseed, corn and sugar, as well as continuing to offer a minimum purchase price for wheat and ri