Wuhu Cotton Futures Delivery Warehouse Stores 6000 Tons Of Cotton
Reporters learned from the Wuhu supply and Marketing Association, Wuhu cotton futures delivery warehouse declared the national cotton reserve business has been successful, has now seized 6000 tons of cotton.
Affected by the global economic crisis, the domestic textile and garment industry needs less cotton. Last year, when the new cotton came into the market, the phenomenon of oversupply of cotton became more apparent, and the price showed a downward trend, which once reached 2 yuan / Jin.
In order to stabilize the cotton market and protect the interests of cotton growers, the state announced the implementation of the domestic cotton purchase and storage plan at the end of last year. Wuhu cotton futures delivery warehouse takes the opportunity of implementing the central strategic plan of "ensuring growth, ensuring people's livelihood and maintaining stability", constantly expanding the storage capacity, adding fire fighting facilities and matting equipment, acquiring the qualification of the national reserve cotton warehouse, and undertaking the plan of storing and storing 7000 tons of national reserve cotton.
At present, the collection and storage work is progressing smoothly. As of the end of March, the actual storage and storage of 6000 tons of cotton, completed 85.71% of the purchase and storage plan, has played a positive role in stabilizing the price of lint and seed cotton and protecting the interests of cotton farmers and cotton enterprises.
It is reported that Wuhu cotton futures delivery warehouse is the only cotton futures delivery warehouse with two coexistence of cotton futures trading and electronic matching in the province.
Editor in chief: Xu Qiyun
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