COTTON PRODUCERS WELCOME CHINA PLANS TO DROP COTTON RESERVE SCHEME
January 1st, 2014
A director at the China Cotton Association has welcomed the planned replacement of China’s national cotton reserve programme with a system of subsidies. The move was unveiled in a formal opinion released on January 19 by the country’s State Council. Government subsidies will be first trialled in China’s largest cotton production base Xinjiang, north-west China, in 2014, and be gradually rolled out to other areas, according to the opinion. The director, who did not want to be named, said: “The purpose of the hoarding [reserve] programme is to protect ...
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