Based on current market supply and demand condition and market operation status, China state cotton reserves will not be arranged during the period when new cotton comes into the market (till end February 2017), says the a news released by National Development and Reform Commission and Ministry of Finance, China.
Moreover, state cotton reserves sales of 2017 will begin from March 6, till August end. In principle, the daily selling volumes will be 30,000 tons, but if domestic and international cotton prices go up during a period and more than 70 per cent of reserved cotton is sold per day for three days in a week, the daily selling volumes can be added and the selling time can be extended, it has been noted.
