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China Will Introduce Relevant Regulatory Measures To Keep Cotton Prices Stable
According to a report released on Friday by the China Cotton Association, the relevant departments will introduce relevant control measures to coordinate textile demand and maintain market stability at the same time actively coordinating the pportation of cotton producing areas.
According to industry sources, the above policy may include selling 600 thousand tonnes of national cotton reserves or issuing another 1 million tons of import quotas.
Cotton shares fell on Friday, and new farm development (600359 shares) fell 4.01%.
Zheng cotton September contract fell 0.47% last Friday, reported 17995 yuan / ton.
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Agricultural Sector: Cotton Prices Are Expected To Continue To Rise Sharply.
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2010/6/21 17:40:00
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