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The cotton transplantation delay

19
May '08
Last week (5.5-5.9), domestic cotton spot price keep stable, and the international price rebound again.

Influenced by climate factors such as icy disaster in Xinjiang, hot and dry wind in the Yellow River valley and continuous rain in the Yangtze River valley, and sow progress is delayed.

On May 9, the value of China Cotton Index (CCIndex) of Type 328 grades is 13795 yuan per ton, increased by 6 yuan per ton from last Monday.

China imports cotton price index (FC Index M) is 76.3 US cents per pound, increased by 1.27 US cents from last Monday, transfer to RMB 13733 yuan per ton at 1% tariff which is lower 62 yuan than Type 328 grade of domestic cotton, 14243 yuan per ton at the sliding duty tariff which is only higher 448 yuan than 328 grade of domestic cotton.

China Cotton Association


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