China: Government Takes Steps to Rein In Surging Cotton Prices

  |   Attaché Report (GAIN)   |   CH2021-0122

With the China Cotton Index (CC Index 3128B) price surging 58 percent from its August 2020 level to RMB 20,150 (or, approximately U.S. $3,100) per metric ton (MT) on October 8, 2021, the Chinese government (PRC) is taking steps to rein in prices. The rapid increase in the cotton price in just the past few weeks has fueled anxiety across China’s cotton industry supply chain, including spinning mills, ginners, and farmers.

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