日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Industries

China ready to trim stockpiles of cotton

(Agencies) Updated: 2015-06-12 08:05

China said on Thursday it will start selling its massive cotton stockpiles this year, in a move likely to depress demand as the country's mills hold off buying in anticipation of sales of discounted fiber.

Market rumours have swirled for weeks that China was preparing to release some of its holdings, which have swelled to around 10 million tons-more than 40 percent of world stocks.

China, the world's top consumer of the fiber, would issue detailed sale plans in the next 10 days, Yin Jian, an official at the National Development and Reform Commission, told an industry conference.

Yin added to China's repeated indications that it does not want to pressure the market, saying the conditions for the stockpile release were stable market prices and a stable market.

However, industry participants have said old crop fiber from reserves would have to be heavily discounted to attract buyers.

Expectations of a stockpile selldown have exacerbated sluggish demand for cotton in China as mills have kept inventory to a minimum ahead of anticipated State auctions.

Global cotton prices have been tracking around five-year lows for the past 10 months, under pressure from weak demand and large stocks.

Yin said that it would take several years for the market to digest China's State-held cotton reserves. While the nation is under pressure to release stocks to recover part of its stockpiling costs, big discounts could risk pushing down market prices, and lead to increased costs for the government under its subsidy scheme to farmers.

China currently sets a target price for cotton and pays farmers the difference between the target price and the average market price. The subsidy scheme replaced the previous stockpiling scheme, but is likely to face changes.

China is under pressure to find new ways of supporting farmers, with farmer groups in the United States and other markets recently complaining that China has gone beyond what is allowed under World Trade Organization rules.

The NDRC has said that it needs time to perfect the new subsidy policy-currently covering cotton and soybeans-before extending it to other crops.

Dai Gongxing of the China Cotton Association told the conference the country could explore new forms of subsidizing its farmers, including insurance, subsidies for technology and infrastructure construction and sales promotion.

Cotton output in China, the world's second-biggest producer after India, is widely expected to drop after the overhaul of support policies.

Yin said the Xinjiang Uygur autonomous region would continue to be the main cotton growing area, while farmers in other regions are expected to reduce their cotton acreage.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: www黄色com| 卡一卡二av | 国产视频资源 | 香蕉网av | 国产h视频在线观看 | 男人午夜免费视频 | xxxxx日本 | 深爱五月激情网 | 黄a在线观看 | 日韩一区二区三区在线观看 | av在线色| 久草三级 | 1级黄色片 | 日本免费三片免费观看 | 91精品久久久久久粉嫩 | 天天草天天 | 亚洲午夜18毛片在线看 | 日韩区欧美区 | 成人夜晚看av| 久久久www成人免费毛片 | 国产精品久久久久久久9999 | 中文字幕在线一区 | 中文字幕在线播放视频 | 亚洲黄色精品 | 一区二区三区在线视频播放 | 日本亲子乱子伦xxxx50路 | 91视频麻豆| 国产一区二区三区免费在线观看 | 国语对白做受 | 国产精品免费一区二区三区在线观看 | 四虎成人在线观看 | 欧美日韩91 | 91国产在线免费观看 | 只有这里有精品 | 久久伊人婷婷 | 久久嫩草| 午夜在线观看免费视频 | 国产精品久久久一区 | 台湾av片 | 国产免费视频一区二区三区 | 久久免费视屏 |