Related to leadership of the China Development and Reform Commission in 2012 'Cotton Trade Fair ", said the downturn in cotton prices, quotas, issuance and reserves put in to master the timing and rhythm, such as cotton prices rose faster in countries adequate resources and means of regulation. The trend of the domestic spot, fell lint, cotton yarn prices to go flat. China Cotton Index 328 19 435, down 11 points.
The domestic textile season is expected to support the recent market. Skate Shoes official position, the bearish mentality of the market has slowed, and began to learn that the latter may be in short supply. According to Indian official sources, the state-owned cotton company in India (CCI) will be involved in its domestic market for cotton procurement - the acquisition of 2.5 million bags (425,000 tons in 2012/13 prior to the listing of India's new cotton seed cotton folded lint volume), as a reserve with. Coupled with the current implementation of the cotton export control measures, internal and external policies of the Government of India, Qi Shi, in order to stabilize the domestic cotton market, to meet the demand of domestic textile enterprises with cotton.
It is reported that the CCI of the acquisition price is not based on the minimum purchase price (MSP), instead of using the market price for the acquisition. CCI plans in the next two months, the monthly amount of plans to acquire one million bags (170,000 tons). Plus India, purchasing and storage policy may improve the international cotton market for the later point of view gradually turned to optimism.
It's written by GoodLandShoes date 4.12.2012
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