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Cotton exports to China

Cotton exports to China

AROUND 100 tonnes of raw cotton is set to be exported to China later this month, according to the project manager of Seladamex cotton processing plant in Battambang province. Seladamex has signed a deal to supply a Chinese factory with two-thirds of the plant’s raw cotton stock on February 28. Seladamex Project Manager Kong Chan declined Monday to name the other company involved. Raw cotton is currently being sold for around US$2,000 per tonne on international markets, an increase of $500 on prices recorded late last year. In October last year, the plant planned to export 1,000 tonnes of cotton to Vietnam. That plan was put on hold due to cotton shortages.

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