资讯 1 10 英文网 283 Cotton News 543602 NDRC: reserve policy will not jolt the market 2015-05-06 19:05:09
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NDRC: reserve policy will not jolt the market
2015-04-16

NDRC offiical commented on reserve policy at today's CCA meeting. The official noted that the major shift in cotton policy last year attracted unprecedented attention. The unloading of state reserve needs careful study. The main objective and direction will not change, and the current job is when and how it should be released. Government is listening to all the vioce from the industry and will seek a safe way to release stocks. This is not a temporary move but a long-term decision that requires a full consideration of market situation, the industry development and the interconnections between domestic and world market. The key principle is to maintain a steady market. Meanwhile, reserve policy will also be worked out in tandem with the target price program. Government is currently working on this issue and there is no detailed plan so far. The final decision will be announced before the commence of reserve auction, which allows the industry to make preparations both practically and psychologically.