The author learned from the Ningbo Entry-Exit Inspection and Quarantine Bureau today that in the first half of the year, Ningbo Port inspected a total of 7,500 tons of imported cotton, with a total value of US$13.5367 million, a year-on-year decrease of 51.92% and 61.46% respectively. In addition, the quality non-compliance rate of imported cotton has increased significantly this year. The overall average non-compliance rate of grade indicators is 6.14%, an increase of 3.5 percentage points from the same period last year. Among them, the quality of Indian cotton has declined significantly, with a grade non-compliance rate of 11.13%. .
In the first half of the year, the sharp decline in the quantity of imported cotton at Ningbo Port was mainly affected by the world economic situation, domestic cotton inventories, supply and demand relations, price factors, and corporate cotton quotas. The sharp decline in cotton quality in India is related to local climate changes and frequent heavy rains and floods. The Ningbo Inspection and Quarantine Department reminds cotton-using enterprises that as cotton quotas gradually narrow, they should use the quotas rationally in the second half of the year and fully examine the cotton quality of foreign cotton suppliers before purchasing cotton to avoid major losses.
The quantity and quality of imported cotton at Ningbo port dropped
The author learned from the Ningbo Entry-Exit Inspection and Quarantine Bureau today that in the first half of the year, Ningbo Port inspected a total of 7,500 tons of imported cotton, with a total value of US$…
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