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China'S Release Of Cotton Storage Foreign Media Said It Will Shake The Global Market.

China's national development and Reform Commission website announced in December 28th that it planned to release cotton reserves to meet the needs of the domestic textile industry, but the NDRC did not specify how much cotton it would release and when it would be released. In response, foreign media said it would shake the global market. On the same day, cotton futures fell to the lowest level in three weeks, 73.72 cents per pound.