China sold 8,060.2184 tonnes of cotton, or 100% of total offer, at auction of
state reserves on Friday, the China Cotton Association said on its website
* Average price of the cotton sold was 11,398 yuan ($1,613.17) per tonne,
according to a statement on the industry website
* The industry association has also set floor price of cotton auction at 11,895
yuan per tonne for the week starting July 6, it said in another statement. ($1
= 7.0656 Chinese yuan renminbi)
Source: Reuters, India Monday, 06 July 2020