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E-weekly Eighth Edition

Updated: 2010-3-8 Source: Texglobe-信息中心

In January 2010, United States and other countries in order to prevent inflation, adopted a series of adjustment policies, which led international commodity markets to a continuous drop. International cotton futures market decline sharply in a series of bad news blow. Because there is a big gap between domestic and international cotton prices, the domestic textile and cotton import enterprises had enough quotas and purchased a large number of foreign cotton, the import cotton volume in that month made a sharp increase, 80% are tariff quotas. With the price advantage, Indian is still the largest source country of a share of close to 60%.

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