China: Government Takes Steps to Rein In Surging Cotton Prices

  |   Attaché Report (GAIN)   |   CH2021-0122

With the China Cotton Index (CC Index 3128B) price surging 58 percent from its August 2020 level to RMB 20,150 (or, approximately U.S. $3,100) per metric ton (MT) on October 8, 2021, the Chinese government (PRC) is taking steps to rein in prices. The rapid increase in the cotton price in just the past few weeks has fueled anxiety across China’s cotton industry supply chain, including spinning mills, ginners, and farmers.

Related Reports

Attaché Report (GAIN)

Philippines: Exporter Guide

The Philippines is the ninth largest market for U.S. agricultural exports and the largest destination for U.S. consumer-oriented products in Southeast Asia. The United States is the largest single-country supplier of agricultural products, although ASEAN countries benefit from lower tariffs and have more market share as a group.
Attaché Report (GAIN)

Hong Kong: Hong Kong Bakery Goods Market

Hong Kong is the ninth largest importer of baked goods in the world, with imports valued at $870 million. Major import categories included pastries, bread, and cakes. For the first ten months of 2021, Hong Kong imports of baked goods were $721 million, a modest increase of 1.61 percent over the same period in 2020.
Attaché Report (GAIN)

Chile: Agricultural Biotechnology Annual

This year's report does not contain significant changes from last year's report. Chile continues allowing the reproduction of seeds under strict control of the Agricultural and Livestock Service of the Ministry of Agriculture.