资讯 1 10 英文网 283 Cotton News 574067 Policy changes to ensure a steady supply of cotton reserves 2017-09-05 09:02:19 yangfang
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Policy changes to ensure a steady supply of cotton reserves
2017-09-05

Last weekend came the notice of a ban on cotton traders/merchants in the bidding process,along with a decision that reserves sold during September 4-29 must only be used by the mill itself.

 

Further to the sudden change in the participation of cotton auction, CNCRC announced on September 4 that bale-by-bale inspection is not a must for those incapable and remote warehouses. And, all reserves sold from September 4 to 29 must be delivered out of CNCRC warehouses in ten working day, otherwise the contract will be cancelled.

 

All thee measures are designed to ensure a sufficient supply of reserves and a steady volume of tender in the remaining sessions.