It is reported, Xinjiang Agricultural Development Bank has delimited the warning line for purchase price of new cotton, the ginners that have randomly raised purchase price for scare buying the new cotton should be stopped to be allocated bank loan of purchase.
It is introduced, in order to stabilize the new cotton purchase order, and to avoid some ginners randomly raising the new cotton s price, the relevant sectors have jointly standardized the new cotton purchase market with the Agricultural Development Bank of China, so as to guarantee the benefits of cotton farmers against loss.
It is learnt, in 2006, the cotton planting area in Xinjiang is more than 1.2 million hectares, it is estimated that the total output of new cotton is anticipated to break through 2 million tons.
It is introduced, in order to stabilize the new cotton purchase order, and to avoid some ginners randomly raising the new cotton s price, the relevant sectors have jointly standardized the new cotton purchase market with the Agricultural Development Bank of China, so as to guarantee the benefits of cotton farmers against loss.
It is learnt, in 2006, the cotton planting area in Xinjiang is more than 1.2 million hectares, it is estimated that the total output of new cotton is anticipated to break through 2 million tons.
