The Agricultural Development Bank Has Lend 26 Billion 400 Million Yuan To Support The Acquisition Of Cotton.
China
Agriculture
The development bank issued a notice on October 24th morning, saying that since the beginning of the 2011/12 cotton business, the commercial funds involved in the acquisition of cotton have been greatly reduced. The Agricultural Development Bank has arranged the credit scale in full, and put it into the market as early as possible.
capital
As of 10 October, the total amount of cotton purchase loans was 26 billion 400 million yuan, an increase of 15 billion yuan compared with the same period last year.
The bank said that the above acquisition loans have been used to support the acquisition of 13 million 860 thousand tons of cotton lint, an increase of 10 million 660 thousand pounds over the same period.
Among them, the Xinjiang branch of the Agricultural Development Bank put 20 billion 800 million yuan, an increase of 14 billion 100 million yuan compared with the same period, supporting the acquisition of 10 million 820 thousand tons of cotton lint, an increase of 10 million 220 thousand last year.
The agriculture development bank said that before the National Day holiday, the qualification of cotton purchase loan has been recognized.
enterprise
The Agricultural Development Bank launched a total of 24 billion 300 million yuan for the acquisition of cotton, which has increased by more than 127% yuan over the same period of 13 billion 600 million yuan, ensuring the supply of cotton purchase funds during the holiday season.
At the same time, the Agricultural Development Bank has increased credit support to enterprises involved in the storage and storage. All cotton that meets the requirements of purchasing and storage has been open to the acquisition of funds and effectively coordinated with the implementation of the national macroeconomic regulation and control policy.
According to the central reserve cotton announcement, as of October 21st, China
reserve
The cotton management company has accumulated 23660 tons of cotton in the current year, including 5220 tons in the mainland and 18440 tons in Xinjiang.
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