By admin       2018-07-11

On the 2018 China Cotton Industry Development Summit held in the northern city of Harbin, relevant department has revealed that 1.00 million tons of cotton quotas would be issued recently, and the quotas will continue to increase in 2019. The sliding-scale duty quotas will be released to the textile mills, while for processing trade quotas, mills need to apply for it. Though the specific releasing time has not been said, the news has been bullish for international cotton market, as the global market cannot fulfill the demand of 1.00 million tons. The planting in North Hemisphere has basically completed. And for 2018/19 season, will the international market can fulfill the additional demand from Chinese market? How will the market fare?

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