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Agricultural Development Bank To Provide Cotton Purchase Funds To Maintain Stability In The Cotton Market

2013/12/2 10:19:00 21

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Agricultural Development Bank Cotton Acquisition

ensuring that this year's a href= "//m.pmae.cn/news/index_c.asp" > cotton > /a > acquisition and maintaining the stability of the cotton market is the position and mission of the Agricultural Development Bank of China. In the cotton purchase market and its complex 2013, the Honghu Agricultural Development Bank's persistence is more valuable. 
In September, the major cotton buying and selling companies have been ready to seize the opportunity in the cotton purchase market this year. The purchase price of cotton in Honghu has risen to 8.6 yuan / kg directly, and there is still a trend of rising. In September 9th, the national development and Reform Commission issued a notice to the China cotton reserve management corporation on the initiation of the temporary cotton storage and purchase in 2013. According to the provisions of the reserve and storage plan, it decided to start the temporary storage and purchase of cotton in 2013 from September 9th. Compared with previous years, it was "late" for 9 days. It was learned that the cotton purchase and storage rules from 2013 to 2014 were announced. Referring to the detailed rules, it was found that the requirements for the cotton processing enterprises increased, the payment methods and the margin amount changed, and the regulations for the storage and storage of cotton processing enterprises were stricter than before. 
 according to the receipt and storage rules, the cotton reserves will be paid to the enterprises in a lump sum this year. The storage and storage enterprises issue special invoices for value added tax according to the amount and requirements of the reserve cotton settlement sheet, and send the invoice to the central storage cotton General Corporation. The central storage cotton company receives all the payment from the storage and storage enterprises after receiving the VAT invoice. 
 that is, when all the procedures have been completed, the storage enterprises can receive 100% of the payment, which will lead to the increase of the enterprise's repayment time. Moreover, the new round of cotton a href= "//m.pmae.cn/news/index_q.asp" > storage and storage < /a > has also been raised in the margin of the storage enterprises. 
 purchase and sale of cotton is a low profit industry, and obtaining the qualification for storage is the guarantee for enterprises to obtain stable profits. The new storage regulations have raised the capital requirements of cotton purchasing enterprises, and the funds of enterprises have also been strained. When cotton companies from all over this year withdrew from this year's cotton purchase market, Honghu Sanyou cotton Co., Ltd., supported by Honghu Agricultural Development Bank, went against the trend and actively responded to the new regulations of this year's acquisition and storage, expanding the scale of acquisitions, improving processing technology, and seeking enterprises to become bigger and stronger. 
Yan Xue Meng, general manager of Sanyou cotton, said that under the new regulation this year, our company's funds are quite tight. It is the research work and timely financial support of the early stage of Honghu Agricultural Development Bank, so that Sanyou cotton can occupy a place in this year's cotton purchase market. By the end of 11, our company acquired 11544 tons of cotton, which was basically the same as last year, and has completed 1964 tons of storage. Higher standards and stricter requirements not only bring difficulties to enterprises, but also bring opportunities. In the eighteen wave of comprehensive reform, we must seize the opportunity to break through. 
 it is reported that the Honghu Agricultural Development Bank issued a total of 200 million 300 thousand yuan of cotton purchase loans this year, an increase of 40 million 300 thousand yuan, an increase of 25.19%. The balance of cotton purchase loans was 129 million 500 thousand yuan, an increase of 14 million 200 thousand yuan, an increase of 12.32%. 
 precisely because of this strong support, this year, Honghu's "a href=" //m.pmae.cn/news/index_s.asp "cotton purchase" /a > stable and orderly, the cotton has sold, the enterprise has been collected, the cotton farmers' interests have been protected, and the enterprises have survived and developed.