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Fair explores Chinese cotton supply & demand

28 Nov '07
4 min read

October 10-11, the Chinese cotton reserves Management Corporation (hereinafter referred to the Reserve Cotton Corporation) joint Shandong Provincial Development and Reform Commission, in Shandong Province, Jinan Cotton Association convened the "2007 China's cotton supply and demand situation and will report Fair.

Cotton from domestic and foreign enterprises and institutions for representative of nearly 600 people attended the meeting.

This report will be "new opportunities for new markets new model of the new concept" as the theme, the two-day. The State Development and Reform Commission Economic and Trade Secretary deputy director of the 2007 cotton market control policies were interpreted, to slip through the quasi-tax adjustment policies to reduce the cost of cotton enterprises pressure increase financial support to take the ways to enhance the enthusiasm of the farmers and speed up the textile industry adjustment of the industrial structure, and increase our overall competitiveness.

China Fiber Inspection Bureau deputy director Zhang only focus on the "Cotton" national mandatory standards for the introduction of amendments and their impact on the industry, he noted that the revised quality standards fully embodies the reform of the state's macroeconomic policies, cotton detection means more scientific and more sophisticated set of indicators, the quality of cotton to the accuracy test, it is beneficial for cotton quality objective assessment.

After HVI especially for packet-by-packet inspection into lint, processing and circulation enterprises can be classified according to the test results sale, the greatest benefit; textile enterprises under product demand, selected when the raw cotton, textile reduce costs, improve product quality and grades.

The general manager of cotton in storage Leixiangju comrades gave a speech entitled "perfect cotton reserve system to respond flexibly to changes in the market" panel, a lecture on cotton in the first reserve system has achieved initial results on the basis of the scale of the national reserves in 2000000 tons more reasonable; take on the lowest price protection system, improving the timing and manner regulation; raised in normal times, how dynamic rotation of cotton reserves, the need to improve the decision-making mechanism reserves regulation of the market and the rapid reaction capability of policy Orientation and enterprise profitability contradictions, and other issues.

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