Jiangyin Port High Import Innovation of Cotton

From January to March of this year, the inspection and quarantine bureau of Jiangyin examined 339 batches of imported cotton and 54054 tons of cotton, with a value of USD 12.932 million, which was an increase of 202.7%, 73.8%, and 62.2% year-on-year, respectively. All three indicators exceeded the historical highest levels in the year.

According to the analysis, there are three reasons for growth: First, international cotton prices return to a reasonable range, and cotton processing and trading companies have massively hoarded cotton in order to prevent prices from rising again. Second, Jiangyin has three cotton warehouses in West China, a bonded logistics center and a seaport logistics center. Provided storage conditions; Third, West China Warehouse won an index of 50,000 tons of imported cotton national reserves, creating favorable conditions for Jiangyin Port.

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