About Can the national reserve cotton be bought and sold
Before the specific details are released, let's analyze from the 2023 cotton reserve sales announcement and the transaction situation of the reserves sales in 2021.
Before the specific details are released, let's analyze from the 2023 cotton reserve sales announcement and the transaction situation of the reserves sales in 2021.
2023 China state cotton reserves sales policy was announced on the night of Jul 18, 2023. What surprised everyone the most this time was no specific selling volumes of reserved cotton, which differed from the market's previous speculation of a fixed amount. This led to various speculations in the.
the government purchased and stored since 2018/19. China is forecast to replenish reserves and 2023/24 imports are raised 500,000 bales this month to1.0 million, the second-highest level in a decade. Over one-third of total 2023/24 China imports (roughly the same quantity as 2023 sales) are.
According to the announcement released by the China National Cotton Reserves Corporation, the state reserved cotton will be arranged to be sold from October 4 to October 6 during the National Day holiday. The sales will be normal after October 7. According to the announcement released by the China.
China is planning to release cotton from state stockpiles to boost supplies, according to people familiar with the matter, underscoring concerns that the crop, to be harvested later in 2023, has been hit by poor weather. China may gather a smaller crop in the new season after a severe cold spell.
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