State Council: Ban On Unlicensed Acquisition And Processing Cotton Without License

The State Council

The general office issued the notice of the State Council on stabilizing the general level of consumer prices and safeguarding the basic livelihood of the masses. It urged all localities and departments concerned to take 16 measures in a timely manner to further improve the supervision and control of price regulation, stabilize market prices and ensure the basic livelihood of the masses.

All regions and departments will report the implementation of the notification to the State Council by the end of November this year.

Agriculture products

Order of operation and deep processing.

We should rectify the purchase order of major agricultural products, strictly examine the qualification of grain purchase, implement the regulations on the maximum inventory of operators, strengthen the supervision over grain purchase funds, and ban the acquisition of processed cotton without license.

The people's governments of all provinces (autonomous regions and municipalities) should carry out a comprehensive clean-up of corn deep processing enterprises, and shut down the corn deep processing enterprises that violate regulations.

We should strengthen the supervision of agricultural futures and electronic trading market.

We should improve the trading rules of agricultural futures markets and severely crack down on illegal activities such as manipulating the market.