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China's NDRC to strengthen cotton price monitoring
17 Dec '13
1 min read
The National Development and Reform Commission (NDRC), China’s pricing regulator, has said that it would strengthen the market price monitoring and early warning on agricultural products, including cotton, in order to keep the overall price level basically stable in 2014.
A reasonable guide prices are expected to improve the price-control mechanism and also improve prices subsidies linkage mechanism.
For this, the agency will accelerate warehousing and logistics facilities for commodities like cotton, NDRC chief Xu Shaoshi said.
The agency will also promote the production, import and export of the agricultural commodities in 2014.
Next year, the NDRC will resolutely investigate price fixing behavior and carry out checks of key industries, and severely punish if illegal behavior of prices is found.
Fibre2fashion News Desk - India
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