CHINA TO INCREASE COTTON QUOTAS TO EASE PRESSURE IN TEXTILE INDUSTRY
August 1st, 2012
BY WANG FANGQING, IN SHANGHAI
CHINA'S powerful National Development and Reform Commission (NDRC) is to increase cotton quotas and sell cotton reserves to ease prices of this key input, following complaints about rising costs from Chinese fabric and clothing makers, according to China Cotton Association (CCA).
While calls from just-style.com to the NDRC have not been answered, a CCA official said: "We are not sure how many tonnes NDRC will add [in quota], but manufacturers now can apply for additional quotas."
Manufacturers who have used up their cotton ...
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