NEWS
China Sets Cotton Import Quota
Lin Tan DTN China Correspondent
Thu Mar 5, 2015 01:34 PM CST

BEIJING (DTN) -- China's textile companies' requests for cotton import quotas received approval from the National Development and Reform Committee late last month, which means the companies could start importing cotton in March.

"China will allocate 894,000 (metric) tons of cotton import quota this year, similar as last year," said Ruining Li, Vice President of Changshan Textile Company in Hebei Province. It's also the minimum quota China's required to provide under WTO agreements. Roughly 33% of the quota will be given to state-run companies, and the rest goes to private industry.

The quota approvals come as a relief to textile ...

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