Cheap Cotton Is Getting Worse; &Nbsp Calls For Central Enterprises To Stabilize Prices.

Cotton growers in China bear

According to data released by the US Department of agriculture last Thursday, China imported 996100 cotton bags from the United States, creating a new import volume since October 2003.

Over the past two months, cotton exports to the Chinese market have accounted for 9% of the total cotton exports in the United States.

China, the largest producer of cotton, has become a net importer of cotton.

"In the new cotton season, the state should control the import of foreign cotton and reduce the impact of imported cotton on domestic cotton prices."

A Wuhan cotton textile enterprise official told reporters: "India is very old cotton, the price is low.

The government will give cotton farmers some subsidies when the cotton harvest is good.

When cotton production is reduced, exports will be restricted.

Such a protective policy can be used for reference in China.

A foreign trade expert in Wuhan told reporters: "if China's enterprises recognize that subsidies from foreign governments have caused losses to Chinese enterprises, they can initiate complaints to the business sector.

But the condition of the appeal is that the share of the enterprise will account for more than 50% of the market.

In addition, when deciding whether to launch countervailing investigations against foreign countries, the Ministry of Commerce will take into account the interests of the upstream and downstream sectors of the industrial chain.

For example, if the countervailing investigation is established and the price of imported cotton will increase, then the clothing enterprises will also be affected.

However, many textile enterprises that interviewed say: "when the market fluctuates, the central enterprises should stand up and exercise the function of rebalancing.

The state's plan to buy and store cotton this year is 2 million tons, and so far it has only finished 550 thousand tons, far from the plan.

No acquisition, we can not raise prices, and ultimately a few injuries.