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CHINA COTTON MARKET REPORT 1. Sources Say China Issues Cotton Import Quotas of 300,000 tons
As reliable sources, National Development and Reform Commission of China issues the cotton import quotas of 300,000 tons in the previous week for processing trade. By far, cotton import quotas all are released for the whole 2013, including tariff quotas, sliding-duty quotas for the general trade, which attached with the sales of released cotton reserves and extra quotas for the processing trade.
1. The cotton marketing year starts since 1st September to 31st August next year. 2. The data of beginning inventory and ending inventory includes that of the national reserved cotton, inventory of industry and commerce and imported cotton. 3. The data of imported cotton includes that of the imported cotton with customs clearance and the ones without clearance in the bonded areas. 4. Total amounts are shown rounded to the whole number.
7. Cotton Prices:
Crop Origin year Grade Length Micronire Strength (MT) Shipment Price(USC/LB)
Australia
2013/14 MID
1-5/32 1-
3.5-4.9
29
500
Forward
99.35
Mexico
1/16~13/32
3.5-4.9
N/A
102
Consignments
90.21
Brazil
2013
MID COMBER
1-3/32
3.5-4.9
27
700
Forward
92.70
Pakistan
N/A
NOIL T/PEPAK
N/A
N/A
N/A
500
Forward
63.38
India Greece
28 N/A 30 N/A
500 458
Forward Consignments
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