China Will Promote Cotton Planting In Four Countries In Africa.

China's Ministry of Commerce issued a statement on the official website today, saying it will promote planting in four African countries.

To ensure that China can get sufficient supplies.

China is currently the world's largest cotton importer and importer.

The Ministry of Commerce said in a statement that China will provide seeds, fertilizers and other fertilizers to Benin, Mali, Chad and Burkina Faso.

And other means of production to promote cotton cultivation.

In addition, China will provide necessary technical support and farmland management training to the four countries.

Bloomberg reported that the commerce ministry announced the news that international cotton futures fell to a 15 month low.

Affected by the European debt crisis and world economic slowdown, New York International

ICE Futures's March cotton futures contract fell 2.5% on Wednesday, closing at 85.12 cents a pound, a 15 month low.

Cotton futures contract price has fallen by 41% since the beginning of this year.

Become the worst performing commodity in the GSCI Commodity Index this year.

Chen Deming, Minister of Commerce, said at the launching ceremony that China always understood and supported the demands of the four cotton countries to solve the cotton problem and was always committed to promoting the early resolution of the cotton issue in accordance with the Hongkong Ministerial Declaration.

China's assistance to the four cotton countries is responding to and participating in the WTO's "trade aid assistance" initiative and actively promoting the Doha round to solve the development problem. It aims to help African cotton four countries further enhance the capacity building of the cotton industry.

China's Ministry of Commerce said in a statement that Africa is an important source of China's imports of cotton. China imports about 2000000 tons of cotton from abroad each year. African cotton producing countries are one of the main sources of cotton imports.

This cooperation will help improve the productive capacity of the main cotton producing countries in Africa, and facilitate the further development of cooperation between China and African countries in the field of cotton.