Initiation of cotton temporary storage in 2013

The National Development and Reform Commission issued a "Notice on Initiating the 2013 Temporary Collection and Storage of Cotton" to China Reserve Cotton Management Corporation today. The "Notice" pointed out that since the beginning of the 2013 cotton year, new cotton has been listed one after another, and the cotton price in the market has been low for five consecutive working days. The country’s announced cotton temporary storage and storage price is 20,400 yuan/ton. According to the provisions of the storage plan, it was decided to start the temporary storage and storage of cotton in 2013 starting from September 9.

According to the new cotton national standard formally implemented on September 1, 2013, the scope of temporary cotton storage: color grade white cotton grade 4 and above, light spot cotton grade 2 and above; length grade 27 mm and above; length uniformity Low grade and above; middle quality and above of the quality of the mill. The cotton price difference rate is implemented according to the “Adjustment Notice on Adjusting the Cotton Quality Spread Sheet of the China Cotton Association” published by the China Cotton Association on August 30th.