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Industry News | Time:Mar 23 2016 4:21PM
China reserved cotton structure and reserves sales sequence
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In the state warehouses, the quantity of 2011/12 reserved cotton is about 0.30 million tons (15% of Xinjiang cotton) and that of 2012/13 reserved cotton is about 4.30 million tons (54% of Xinjiang cotton) and the left is 2013/14 reserved cotton, according to a cotton textile conference held in Wuhan on March 23.

The quantity of reserved imported cotton totals about 0.30 million tons, which will be auctioned first. And then the reserves sales will adapt First In First Out (FIFO) strategy.

According to CCFGroup, 2013/14 reserved cotton amounts to about 6.00 million tons and the total volumes of reserved cotton are estimated at 10.90 million tons.
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