Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: energyplay who wrote (43309)	12/15/2003 1:13:54 AM
From: EL KABONG!!!	of 74559

Hi ep, factories in China are closing because they cannot get cotton. That may have more to do with the drought the Chinese farmers suffered this year than any global shortage of cotton. Chinese agriculture had a horrendous year, even by their own standards, and yields per acre of just about every crop imaginable suffered immensely. I had heard earlier this year that there was a glut of cotton in some areas (Africa, and particularly northern Africa, just to name one area), so it's possible that the Chinese mills just didn't anticipate any domestic shortage of cotton, and therefore didn't purchase any of the commodity for importation when the opportunity was available. Then again, it's also possible that there are simply way too many textile and garment factories in China for the supply of available cotton... KJC

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