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China procures over 4mn tons of cotton for state reserves
14 Dec '12
1 min read
The Chinese Government has purchased more than four million tons of cotton for its state reserves during the current cotton marketing year that began on September 1, 2012.
On December 13, China bought 48,420 tons of cotton, about 2,400 tons less than the quantity procured on the previous trading day. While 27,000 tons of cotton was purchased from Xinjiang, the remaining 21,420 tons were bought from the warehouses in inland area.
With the latest procurement, the total quantity of cotton purchased by the Government for state reserves during the current season adds up to 4.024 million tons. Of this, about 2.069 million tons of cotton was supplied by Xinjiang, 1.329 million tons by inland areas and the remaining 625,650 tons were sold by other enterprises.
Fibre2fashion News Desk - China
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