China Textile Factory Hopes To Expand Cotton Import And Reduce Cost.

< p > China < a target= "_blank" href= "http://www.91se91.com/" > textile > /a > factory lobbying the government, demanding expansion of cotton imports, because it is difficult for them to find high-grade cotton in the country. If approved by the government, this will boost the prices of major export countries, such as the United States and Australia.

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"P > but traders in the world's largest a href=" http://www.91se91.com/news/index_c.asp "> cotton import < /a > are skeptical and do not know whether Beijing agrees to increase import quotas. Meanwhile, domestic cotton reserves under the active reserve plan are still huge.

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< p > China strictly controls the import of cotton to support domestic growers. This makes it difficult for some textile enterprises to buy high-quality cotton that they need for the global a target= "_blank" href= "http://www.91se91.com/" > clothing "/a" brand, while the quality of domestic quality cotton is limited.

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< p > increasing import quotas will boost international cotton prices. ICE's cotton contract fell 4% in December last quarter, the weakest quarter in a year because of worries about slowing economic growth in China.

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< p > textile mills also hope that the government will reduce the price of national cotton reserves from 21000 yuan to about 18000 yuan (2900 U.S. dollars) tons.

The price of China is usually 40% higher than that of the international market, forcing many textile mills to suffer heavy losses.

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< p > Yang Shibin, vice president of China Textile and Garment Association, said: "this is a very serious problem. It has lasted for a long time."

He refers to the problem of restricting imports and higher domestic prices.

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"We hope you will use more cotton and more domestic cotton," he told Reuters in an interview with P.

This will stimulate cotton consumption.

China's cotton reserves plan is closely monitored by the international market. At present, China's reserves are about half of world stock.

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Earlier this year, Beijing promised to issue a new import quota for < a href= "http://www.91se91.com/news/" > textile mill < /a >, allowing them to import 3 tons of national reserve cotton and import 1 tons of overseas cotton every year.

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< p > however, due to fierce competition from Asian textile mills, poor quality of national cotton reserves, and lack of certain grades of cotton, China textile mills hope to turn the ratio to 2 to 1.

Yang said that the quality of cotton reserves in China is inconsistent, including stray fiber and chicken and duck feathers.

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< p > he added that the association submitted a proposal to the national economic development planning and Development Commission of China in mid June.

But traders doubt whether the government will increase quotas.

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< p > founder traders, Ma Jun said: "why do they have so much inventory and why allow expansion?" < /p >

< p > another trader said that it is not clear when the quota can be increased. The new cotton in the US will have to wait until the end of October, and most of the Australian cotton has been signed.

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< p > Beijing has said that it will end its sales activities of < a href= "http://www.91se91.com" > reserve cotton < /a > in late July, but traders believe that Beijing may extend its sales activities to August and September, as Beijing must get rid of old stock before October cotton picking.

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Less than P, since January this year, the sales volume of China has been 9 million 550 thousand tons. Up to July 3rd, only 28% or 2 million 650 thousand tons were sold. Cotton prices were high and quality was poor, which made textile factories reluctant to participate in auctions.

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