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Shandong Raises 14 Billion Yuan To Support Acquisition Of New Cotton

2010/9/25 16:02:00 59

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Learned from the Shandong branch of the Agricultural Development Bank of China, in order to ensure the smooth growth of new cotton.

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This year, Shandong, a major cotton producing province, has raised 14 billion yuan of funds to fully support the purchase and sale of cotton and leading processing enterprises to enter the market, so as to protect the interests of the vast majority of cotton farmers.

Shandong is our country.

cotton

One of the main producing areas, the sown area and output rank the highest in the country.

According to the prediction of Shandong's agricultural sector, the cotton planting area in the province is about 11 million 500 thousand mu in 2010, and the total output is estimated to be 800 thousand tons.

The cotton planting area and output of the province are all lower than last year, and the gap between cotton production and demand will be further expanded, and cotton prices may continue to run high.

To ensure the acquisition of new cotton enterprises

capital

In time and in full supply, the Shandong branch of the Agricultural Development Bank has raised funds in various ways, and has raised 14 billion yuan in the new year's cotton purchase fund. It will give priority to the support of enterprises and enterprises with scale driven effects, such as "company + base + farmers" and cotton cooperatives, and large scale circulation enterprises with strong risk appetite, high market participation, stable marketing channels, and key enterprises such as good management and good reputation to enter the market to participate in market acquisitions, guarantee the stability of the acquisition market and meet the needs of cotton enterprises.

In order to facilitate the sale of cotton by farmers, as early as August this year, the Shandong branch of the Agricultural Development Bank of China has made loan qualification confirmation for 155 enterprises in accordance with the terms of purchase and access. Basically, 50 main cotton producing counties (cities and districts) have credit support enterprises to enter the market or set up spot purchase, so as to ensure that there is no blank point for the purchase of funds.

At the same time, we should actively guide cotton farmers or brokers to use non cash settlement methods such as online banking and credit cards, so as to ensure farmers' "cotton hands and money".

According to statistics, in the 2009 cotton year, the Shandong branch of the Agricultural Development Bank issued a total of 11 billion yuan of cotton purchase loans to 150 enterprises, and effectively guaranteed.

cotton

The acquisition has been carried out smoothly and the demand for cotton in the textile industry.