June 30 morning, the NDRC official website, "authorities in July-August round out section ChuBeiMian" message. After the news release, a lot of media on the contents of the message on the topic. The current rules have not yet released, but we had three issues most concern has been clear.
1. round out the time. Message pointed out that this round of cotton reserves will start in early July, after the start of the new year in September to stop sales.
2. round out the number. Zanan round out the number of 1 million tons arrangement in which domestic cotton 330,000 tons in 2011, in 2012 the domestic cotton 470,000 tons, 200,000 tons of imported cotton in 2012.
3. round in time and quantity. Ningbo meeting in June, the leaders of relevant departments made round storage policy, in today's news release stated that turn into the actual turnover and market situation in the late rounds to be arranged in accordance with, the new cotton concentrated market during choose to carry out, round the number up to more than the amount of the second round of 40%, prices reflect market conditions.
