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Saturday, April 18, 2009

Reserve online yield of cotton marketed price of the end of the recent swift surge of cotton

By Professional editor working for himfr.

For the stability of the cotton market, cotton farmers to protect the interests of the relevant state ministries and commissions to the Chinese cotton reserves Management Corporation, have issued a collection of 2.72 million tons of cotton reserves task. As of April 10, 2008 Cotton Collection reserves the successful completion of online transactions, in which a total turnover of Xinjiang 1,525,200 tons, the accumulated turnover of China Cotton 1,196,400 tons. As of April 13, the quality of the early post-mortem storage have been 2,170,000 tons, of which 1.237 million tons in Xinjiang, China 933,000 tons.

Domestic kernel cotton fabric charges have been steady and inflation. As of April 13, from the previous assemblage of the smallest book 2 Yuan / kg up to 2.6 yuan / catty about. Sales of household cotton fabric charges since the assemblage of book program to encourage the extending increase, especially increasing charges for almost a month to 1,000 yuan / tons, as of April 13 the nationwide benchmark grade (328) the market cost of cotton fabric 12,394 yuan / ton, comprising a assemblage up reserves before the 1729 yuan / ton, or 16.2%.

Zhengzhou cotton futures contract prices in recent months, 12,865 yuan / ton, representing a collection of up reserves before 1745 yuan / ton, or 15.7%; the national cotton market transactions in recent months, matching the average price of 12,980 yuan contract / tons, representing a collection of up reserves before the 2111 yuan / tons, or 19.4%.

Started April 1, textile and garment export tax rebate rate again increased by one percentage point to 16%, the majority of textile enterprises that this is a good long-term policy, but the international demand for a short period of time there is a marked increase in difficulty. At present, the textile market still remains in the doldrums, the yarn is still difficult to rising prices of raw materials prices increase the pressure on the operation of the textile industry, textile industry, it still takes time out of the bottom. - 18424

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