Cotton Supply Is Becoming More And More Intense. Textile Mills Urgently Need Cotton Import Quotas.

< p > according to the industry insider on Friday, the world's largest "a href=" http://www.91se91.com/news/index_cj.asp "cotton > /a" consumer country, China, will increase the import quota of cotton textile factories in April, because the purchase of government reserve cotton stocks has reduced domestic cotton supply.

< /p >

< p > market expectations, Beijing will issue 80 tons of cotton import quotas, most of which will be issued to the "a href=" http://pop.sjfzxm.com/popimg/xm/index.aspx "textile > /a" factory.

Earlier this year, 894000 tons of low tariff quotas were issued.

< /p >

P, an international trade trader, said cotton supply is becoming more and more intense, and textile mills are in urgent need of cotton import quotas.

The world's largest cotton importing country is active in China's purchasing, and will support New York's "a href=" http://www.91se91.com/news/index_f.asp "cotton price < /a >, and cotton prices have reached a new high in the past year as cotton traders and speculators buy.

< /p >

< p > Beijing usually does not announce the issuance of cotton import quotas.

< a href= "http://www.91se91.com/news/index_c.asp > > textile mill < /a > tariff must be paid for imports, tariff is 4-50% of international price.

< /p >

The second traders of a P, a big international trading company, said that the textile factory that exported products gained about 60 tons of new quotas.

< /p >

In order to support farmers, the Chinese government announced the lowest support price. Since then, the Chinese government has been hoarding cotton, storing about 10 million tons of cotton, or 60% of the world's stock.

The 7 month plan will end at the end of March.

As of Thursday, the government has seized 6 million 370 thousand tons of cotton from the cotton harvest in 2012, accounting for 93% of the 6 million 840 thousand tons of cotton harvest.

< /p >

< p > China's textile industry is the largest textile industry in the world. The Chinese textile industry has accused the hoarding policy of causing domestic cotton prices to be much higher than global prices, forcing Beijing to issue more quotas to import cheap overseas cotton.

< /p >

< p > analysts expect that the government will speed up the sale of reserve cotton from April. In the coming months, China expects to sell 300-400 tons of cotton reserves in the domestic market.

The average cotton consumption in China's textile mill is 700 thousand tons a month.

< /p >