Cotton Import Total Quota Reaches 3 Million 600 Thousand Tons In Cotton Season.

2010/6/29 8:11:00 25

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Chinese cotton

association

To meet the needs of textile enterprises and stabilize the cotton market, the government will issue some additional import quotas and carry out floating tariffs soon after the approval of the State Council. Therefore, the total cotton import quota issued by the cotton season will reach 3 million 600 thousand tons.

In addition, the plan to release 600 thousand tons of cotton reserves has also been approved, and the trading rules have been completed if

market

Demand and release of cotton reserves will start soon.

Delayed cultivation in spring leads to cotton seedling weakness and late development in China.

cotton

The association said.

At the beginning of this year, China has issued 1 million 890 thousand tons of cotton import quotas, and released another 800 thousand tons of import quotas in May.

In the past year, cotton prices have increased by 39%, because of the decline in global production and demand recovery.

China will face 310 thousand tons of cotton shortage before the new domestic supply reaches the market. This is when India's cotton exports are suspended and demand is rising. The state assets supervision and Administration Commission said in April 27th.

The United States Department of Agriculture said that in the 2009-10 cotton season, China's cotton consumption is estimated to reach 10 million 340 thousand tons, while the output is only 7 million 100 thousand tons.

In the first five months of this year, China's cotton imports doubled to 1 million 400 thousand tons, according to customs data.