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25 फ़रवरी 2015

China Mills Replacing Cotton with Polyester Due To Price Competitiveness



Besides the huge stockpile of cotton, what making cotton price to fall worldwide is the high internal price of fiber in China, which is forcing mills in the country to opt polyester instead of cotton, which is further creating the demand gap for the cotton in China and worldwide and hence leading to price crash, said the economist of National Cotton Council (NCC). 

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