Chinesepod - People's Daily Online - China's cotton sales jump 48.4 pct to 6.05 mln

tons

Text Version
RSS Feeds
Newsletter

Home  Forum  Photos  Features  Newsletter  Archive  Employment
About US Help Site Map languages Chinese Japanese French Spanish Russian
Arabic

SEARCH     About US FAQ Site Map Site News

  SERVICES

  -Text Version
  -RSS Feeds
  -Newsletter
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new

Home>>

China's cotton sales jump 48.4 pct to 6.05 mln tons

+ -
15:33, July 23, 2007

Comment Tell A Friend
Print Format Save Article

The China National Cotton Reserves Corporation (CNCRC) said on Monday
that China's cotton sales had jumped to 6.05 million tons by July 18, up
48.4 percent from the same period last year.

A survey conducted by the CNCRC showed 6.46 million tons of cotton had
been processed during the same period, up 18.4 percent, while 6.51
million tons was purchased, up 17.8 percent.

The survey found the price of cotton had stabilized due to increased
supply with the selling of the state cotton reserves since July 16,
following continued rises over previous months as textile manufacturers
increased cotton stocks.

Zhengzhou Commodity Exchange, a futures market dealing with agricultural
products, reported that its January 2008 cotton contract was priced at
15,040 yuan (1,978.9 U.S. dollars) per ton on July 19, down 320 yuan
(42.1 dollars) from last Monday.

The CNCRC, a state-owned enterprise founded in 2003, is responsible for
the purchase, sale, storage, transportation and processing of state
cotton reserves and guiding cotton imports and exports.

China is the largest cotton producer in the world and turns out more than
six million tons of cotton a year.

Source: Xinhua

  Your Message:   Most Commented:

Ambassador reviews Germany-China relations
President Hu vows to remain committed to "one country, two systems"
principle
CPC full of vigor and vitality
Roadside bomb blast kills 26 people in SW Pakistan
Chinese leader urges college united front members to make more
contribution

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map |
Job offer|

Copyright by People's Daily Online, All Rights Reserved

Extracted http://www.hellomandarin.net