NEWS
Tue Nov 26, 2013 01:40 PM CST

NEW YORK (Dow Jones) -- The Chinese government is planning to sell part of its massive stockpile of cotton this week, an event long anticipated by traders of the fiber.

But while such a large sale would usually push down international cotton prices, concerns over the quality and price of the fiber for sale is expected to mute the effect.

The government plans to sell the cotton via auction starting on Thursday with a minimum price of 18,000 yuan a ton, equal to about $1.34 a pound, according to a notice posted on government cotton-industry website Cncotton.com.

Previous cotton sales ...

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