China will plant less cotton and import more

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Despite stocks of 50 to 60 million bales in Chinese government reserves, its textile mills will continue to need quality U.S. cotton to blend with its older, poorer quality fiber, says Dr. O.A. Cleveland, Mississippi State University Extension economics professor emeritus. And while a larger than expected 2014 U.S. crop will keep prices in check, the outlook for 2015 is bullish, he says. He spoke at the annual meeting of the Mississippi Boll Weevil Management Corporation and the Mississippi Farm Bureau Federation summer cotton policy meeting.

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