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Date : 27/11/2013
International Cotton Advisory Committee, a Washington-based group that advises cottongrowing countries. The reserve is equal to about 40% of global production last year. Cotton traders and analysts largely shrugged off China's announcement The focus is on the U.S. weather," said Kona Haque, head of agricultural commodities research at Macquarie Bank. A large storm passed through the eastern U.S. on Tuesday after dumping snow on growing areas in Texas, the country's top cotton-producing state. "There are some concerns how much quality will be impacted from the ongoing wet weather," said Sharon Johnson, a senior cotton specialist at KCG Futures. "Yields could suffer as well, depending on the extent and length of adverse conditions."