2011-7-1

 

Sixth, the phenomenon of default and break the contract is serious. Influenced by the dramatically changing cotton price and the international cotton price was higher than domestic cotton price, the phenomenon of default and break the contract is serious this year, leading to USA cotton export signing quantity appear negative continuously. From March 18^th to June 16^th, 13 weeks were negative and there were 10 weeks in China.

Many representatives of 2011 China international cotton meeting pointed that there are two problems shall be focus on with the changing cotton price: the first is cotton quality decreased; the second is trade environment faced impact. We shall propose whether the cotton price is high or low, we will keep the trade environment. If our credit trade environment lost, we will lose the future.

Source:168Tex.com