China Implements The New Cotton Temporary Purchasing And Storage Policy &Nbsp, Preventing Cotton Prices From Falling And Falling.
2010 cotton year from September 2010 to August 2011, during this period,
cotton
The price experienced a sharp fluctuation. In March, cotton prices in the domestic market were as high as 31000 yuan per ton, up 100% compared to the same period last year. However, from March, cotton prices also declined all the way, and the lowest price fell below 19000 yuan mark.
Zhang Xiaoqiang, deputy director of the national development and Reform Commission, said:
Zhang Xiaoqiang: in order to prevent the ups and downs of the cotton market, this year, the state normalized the measures of temporarily collecting and storing lint in the main producing areas, and established a temporary cotton storage and storage system.
The price of temporary cotton wool storage and purchase in 2011 is 198000 yuan per ton.
Unginned cotton
The purchase price is about 4.2-4.3 yuan / Jin.
To ensure the benefit of cotton growers and implement the linkage mechanism between the price of the cotton picking up and storage price and the seed cotton purchase price, the storage enterprises are required to purchase cotton seeds from farmers according to the reference price of seed cotton purchase, and the enterprises that will not carry out the reference price of seed cotton purchase shall be included in the industry blacklist by the cotton association.
Zhang Xiaoqiang: purchasing and storage work started in September 8th, due to the current situation
cotton
Acquisition processing has not yet formed a lot of volume, there is no paction, but the policy of collecting and storing the market has shown the effect of market support, the market confidence has been strengthened, and cotton prices have steadily picked up, and after September, the price of the purchase and storage has been higher.
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