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Chinese cotton imports hit all-time low
Chinese cotton imports reached an all-time low in September, as large domestic inventories reduced reliance on foreign supplies, at a time when economic slowdown is weighing on demand. China imported just 50,900 tonnes of cotton in September, a decline of 59 per cent YoY. This is the lowest monthly import since records began in 2005, and the second month of record low imports in a row.
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