Notice on Xinjiang cotton "price insurance+futures" pilot scheme (trial) – ChinaTexnet.com
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Notice on Xinjiang cotton "price insurance+futures" pilot scheme (trial)

2018-10-23 09:35:42 CCFGroup

This year, Xinjiang Autonomous Region continues to deepen the cotton target price reform, to have pilot scheme "price insurance+futures" in three areas, Bole City of Bortala Mongol Autonomous Prefecture, Yecheng County of Kashgar and Kalpin County of Aksu. In the trial region, the growers will not enjoy the output subsidy of cotton target price, but to gain the insurance claim by participating the cotton target price insurance. When the market average price is lower than insurance target price, growers will get the claim payment.

The insurance target price refers to the target price of 2018, at 18,600yuan/mt, and the insurance period is five months, from Sep 1, 2018 to Jan 31, 2019.

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