Home / Knowledge / News / Textiles / Chinese govt works on new cotton purchase & storage policy
Chinese govt works on new cotton purchase & storage policy
30
Aug '11
Recently, a cotton research group set up by the State Development and Reform Commission, the National Supply and Marketing Cooperative, China National Cotton Reserves Corporation, and other organizations has revealed the survey of its field research in Hunan, Jiangsu and Shandong.

Now, the group is working on the development of an implementation plan of the approach and policies over new cotton purchase and storage for the new cotton year.

The responsible persons from five departments including the National Development and Reform Commission, the National Supply and Marketing Cooperative, China National Cotton Reserves Corporation conducted field visits with the subjects on how to strengthen and improve macro-control of cotton, how to promote healthy development of cotton industry.

The research group also had discussions with relevant authorities and enterprises. They exchanged and discussed the issues over forecast of 2011 cotton production and marketing situation, cotton production and exports, cotton circulation system, how to implement the recommendation of temporary cotton storage policy, as well as tax, finance and industrial upgrading.

Domestic cotton price experienced a "roller coaster" market from August last year to August this year, as the price climbed from 17,000 Yuan per ton to 34,000 Yuan per ton in March this year. Later it fell from 34,000 Yuan per ton to current level of near 20,000 Yuan per ton.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

PVH Corp Q1 2017 revenue rises 4%

The first quarter revenue of fiscal 2017 at apparel marketer PVH Corp ...

Courtesy: Levi Strauss & Co

Apparel/Garments | On 26th May 2017

LS&Co. to fund water saving solutions

LS&Co. will fund to the tune of more than $350,000 the solutions...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search