In 2011, China'S Cotton Import Quotas Were Raised To 2 Million Tons.

Analysts said on Wednesday that market expectations were generally expected that China's cotton import quotas in 2011 would be raised to at least 2 million tons.

On December 15th, analysts said on Wednesday that it is widely expected that China's cotton import quotas in 2011 will be raised by at least 2 million tons, or three times the official import quotas.

Such a substantial increase in import quotas is the government's re-use of administrative measures to intervene in the market, 2011 cotton.

China will control cotton imports annually through tariff quotas and additional cotton tariff quotas based on sliding duties.

The tariff is 1% within the quota of 894 thousand tons, and the 5%-40% import tax is imposed on the imported cotton, and the 5%-8% tariff is actually implemented.

Soaring

Industry analysts say demand remains strong, and China expects to approve the same number of import quotas or more next year.

Beijing Orient Agribusiness Consultant Ltd., Ma Wenfeng, said: "next year's quota will not be less than this year." he expects that the total amount of cotton import quotas will reach 2 million 800 thousand tons in 2011.

China Cotton Trading (search cotton) online week said that the additional quota of import quotas is expected to exceed 2 million tons.

On Wednesday, the China Cotton Association declined to comment on the matter, saying it was only a private sector estimate.

However, Yang Zhaoliang, Deputy Secretary General of China Cotton Association, said cotton

The Ministry of Finance said Tuesday that since January 1, 2011, it has continued to implement a sliding tax on certain quantities of cotton imported from the tariff quota, and the tax rate remains unchanged.

The government said in September this year that official cotton import quotas will remain at 894 thousand tons next year.