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Taiwan'S Three Major Measures Should Be Cotton Prices Soaring

2011/9/10 9:48:00 29

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Taiwan'S Three Major Measures Are Soaring Cotton Prices

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.

India floods, the United States climate anomalies, and the US government will abolish subsidies to cotton farmers, so that global cotton prices will begin to bullish. The expected psychology and the mainland rush to buy, so the cotton price is up to 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 risen, reaching 28%.

Because cotton is bullish, Taiwan

minister of economy

Shi Yanxiang took the initiative to invite 17 textile associations, including the middle and lower reaches, to discuss the answers.

Lian Jin Zhang said that at this stage, the relationship between the cost and the 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. Only the industry thinks that the price of cotton is still rising in the short term. Although the price of the fourth quarter of this year may be slightly back, the price is still at a high level.

At present, the industry can bear the upward pressure. Once the industry reaction can not bear the cost increase, Taiwan economic department will start up.

Three measures

It includes reviewing the opening of the mainland's cotton yarn and processing yarn to increase the supply of goods; limiting the export of cotton yarn and processing silk to give priority to domestic supply; and recommending that the Ministry of Finance impose a tariff on cotton yarn and processing yarn by half, and the current tariff rate is about 4%.

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

Textile upstream operators

The raw materials will be given priority to the middle and lower reaches of the country.

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.