Xinjiang stock cotton will be sold out

Source:China Cotton Association  Date: 23/August/2006


  Currently, only 150,000 tonnes Xinjiang stock cotton are unsold against 700,000 tonnes on July 5.The policy that combined Xinjiang cotton with imported cotton quotas has taken effect.According to the estimate made by Xinjiang Cotton Association, all 2005 Xinjiang crop will be sold out by August 31. This will be helpful for the state owned bank get the loan bank rapidly and get ready for the new loan in new season.
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