The Economic and Trade Department of the National Development and Reform Commission went to Dezhou, Shandong Province to investigate the release and release of central cotton reserves
Since October 8, the country has launched the release of central cotton reserves and increased the daily sales volume to ensure cotton supply and the smooth operation of the market. In order to supervise the release of central cotton reserves and ensure the effective implementation of national control measures, on October 14, Wang Jianjun, Director of the Economic and Trade Department of the National Development and Reform Commission, led a team to Dezhou City, Shandong Province to conduct a special survey. The research team conducted an on-site inspection of the central reserve warehouse directly under the Central Reserve Cotton Dezhou Company, and entered the warehouse to check the daily storage of central reserve cotton, public inspection out of the warehouse, and the storage of imported cotton. A symposium was held to listen to the progress of relevant work and opinions and suggestions, and had in-depth exchanges on how to effectively deliver cotton from the central reserve and further strengthen cotton market regulation. Director Wang Jianjun pointed out that the current national cotton reserve resources are sufficient and the supply is generally guaranteed. However, the recent domestic cotton prices have been too high, exceeding the affordability of downstream enterprises, and market risks continue to accumulate. The country will further strengthen cotton market regulation and guide cotton prices to return At the same time, the Central Cotton Reserve Company is required to make every effort to do a good job in outbound delivery, give full play to the “ballast stone” role of the central reserve cotton, and promote the stable and orderly operation of the cotton market and the healthy development of the cotton spinning industry.
Zhang Jiangbo, deputy director of the Economic and Trade Department of the National Development and Reform Commission, Chi Jingtao, general manager of China Grain Reserves Group Corporation, Lian Fengguo, chairman of China Reserves Cotton Corporation, and others participated in the investigation.
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