资讯 1 10 英文网 286 Policy 575611 NDRC announces 2018 auction plan 2017-11-09 10:11:26 yangfang
Home  >>  News  >>  Policy
NDRC announces 2018 auction plan
2017-11-09

To ensure a steady market expectation and to allow new crop selling to proceed in a orderly fashion, NDRC announced on November 9 that, principally, no reserve purchase will be arranged during the new crop movement period that is scheduled to complete by the end of February 2018.

 

The next round of reserve auction is scheduled to commence on March 12, 2018 and runs through the end of August. Daily tender will continue to be 30000 tons. Government is ready to increase daily supply and extend selling period if cotton price in domestic and world market rise quickly and reserve clearance exceeds 70% three times in a week, and may also consider other options to ensure a steady supply.