Cotton futures slipped over 2 percent Friday on rumours that world's top consumer China is preparing to auction off some of its vast stockpile of the natural fibre next month, potentially unleashing fresh supply on a saturated global market. Traders said talk was circulating that Beijing had indicated plans to release about 8 million bales of cotton in late April.
While that is only a small portion of the state's reserve of about 60 million bales, it renewed concerns that the release would c
