Home >

Taiwan'S Three Major Measures Should Be Cotton Prices Soaring

2011/2/18 17:50:00 628

??? 日本語 Fran?ais English 中文

International cotton prices continue to rise, the Taiwan Industry Bureau said that once cotton prices continue to rise, it will launch three measures for cotton yarn and processing silk, including reviewing the opening of raw materials to the mainland, limiting domestic exports of raw materials and recommending tariff reductions by half.

Floods in India, climate anomalies in the United States, and the US government will cancel.

Cotton grower

Subsidies made the world's cotton prices start to bullish, the expected psychology plus mainland buying, so the cotton rose 1.7 times. According to the information provided by the industry bureau, since the fourth quarter of last year, the price of 20 cotton yarn has risen from 15 thousand yuan to 30 thousand yuan, and the polyester processing yarn has also seen a rise of 28%.

Because cotton is bullish, Shi Yanxiang, Taiwan's economic minister, invited the 17 textile associations, including the middle and lower reaches, to discuss ways to cope.

Lian Jin Zhang said that at this stage, the relationship between the cost and price of cotton yarn and processing silk is assessed. The domestic price changes are not synchronized with the international market, and the gross profit margin of the operators has not increased.

cotton

Prices are still bullish, although prices may be slightly back in the fourth quarter of this year, but prices are still at a high level.

At present, the industry can still bear the upward pressure. Once the industry response can not bear the cost increase, the Ministry of economic affairs of Taiwan will initiate three major measures, including reviewing the opening of the mainland's cotton yarn and processing silk to Taiwan, so as to increase the supply of goods; limiting the export of cotton yarn and processing silk to give priority to the supply of domestic products; and recommending that the Ministry of Finance levy a half levy on cotton yarn and processing silk tariffs, with a tariff of about 4%.

The Ministry of economic affairs of Taiwan said that coordination would be made before the three measures were taken.

Spin

The upstream industry will give priority to raw materials to the downstream industry.

For the Ministry of economic affairs, it is suggested that the import tariff of cotton yarn can be adjusted automatically. The Ministry of finance of Taiwan says that the Ministry of finance can discuss whether there is a 71 rule in accordance with the relevant tariff law.

For example, the Ministry of Finance had previously lowered the import tariff of motor vehicle components by 50%, mainly because of the economic downturn during the financial tsunami.