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Nigeria Government Intends To Abolish Export Incentive Policy For Cotton Products

2010/10/22 14:15:00 53

　　 Nigeria The government announced that in order to control the export of cotton, protect its consumption and ensure the supply of raw materials for local cotton spinning enterprises, the Nigerian government intends to temporarily cancel the Export Award for lint products. policy (ExportExpansionGrant) the cancellation period is from November 2010 to 2011.

It is reported that the kingdom of niben cotton The output is about 60 thousand tons per year, and the demand of local cotton mills is about 20 thousand tons. However, due to a large number of exports, the price of lint cotton has risen sharply in the recent market.

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