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Imported cotton costs are 2489~3547 yuan/ton lower than domestic cotton prices
On February 25th, the customs-paid cost for quota-imported medium-quality cotton (with a 1% tariff) was 12,782 yuan/ton, which is 3,547 yuan/ton lower than the domestic standard-grade cotton price, narrowing by 56 yuan/ton compared to before the holiday. The customs-paid cost for duty-free imported cotton was 13,840 yuan/ton, 2,489 yuan/ton lower than domestic cotton prices, widening by 45 yuan/ton compared to before the holiday. The price difference between domestic and foreign cotton is at a historic high, giving imported cotton a significant competitive advantage. (National Grain and Oil Information Center)