China’s cotton purchases continue to cloud U.S. outlook

China has been a puzzle for most of the cotton-producing and consuming sectors since the time President Nixon opened the country to the rest of the world in the early 1970s. That shows little signs of changing as the National Cotton Council’s Gary Adams explained in this presentation at the NCC’s annual meeting in Memphis, Tenn. China’s reserve policy and reduction in mill consumption are adding to the total uncertainty in the world’s cotton markets.