To Ease The Contradiction Between Supply Of Cotton &Nbsp; Fujian Or Build 200 Thousand Tons Of Cotton Reserves.
Per ton
cotton
Prices surged to $33 thousand after the first month of the month, and now plunged to 25 thousand yuan. Many textile and clothing in Fujian province.
enterprise
Immediately relieved, but as soon as the financial statements are still worried, the textile and garment industry is facing not only the impact of high cotton prices but also the appreciation of the renminbi.
Reporters learned yesterday that in order to ease the contradiction between cotton supply and pportation pressure in Fujian Province, relevant departments in the province have proposed to allocate special funds to build 200 thousand tons of raw cotton reserve bank.
From January to October this year, cotton paction price rose from 15 thousand yuan / ton to 25 thousand yuan / ton, up 70% and 10 last month.
In particular, at the end of September, the seven ministries and commissions of the state jointly held a meeting to discuss the suppression of cotton prices. During the National Day golden week,
Cotton price
It will rise 20% instead of falling.
By the beginning of November, cotton prices climbed to 33 thousand yuan / ton until two weeks ago, and fell to 25 thousand yuan.
Jinyou futures Fuzhou business department responsible person, Mr. Gao believes that cotton fell to 25 thousand yuan has reached a reasonable position, the space may be limited.
For textile and garment industry, the price rise of cotton will drive the price of yarn and cloth to rise, and then increase the price of clothing and other end products.
At present, such a price level is still very high, and the current cotton price has exceeded the affordability of most textile enterprises.
The Provincial Textile Industry Association said that some small and medium-sized textile enterprises are facing difficulties in losing money and stopping production.
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