China Securities Regulatory Commission Approves Cotton Yarn Futures Trading on the Zhengzhou Commodity Exchange

China’s securities regulator has recently approved the launch of cotton yarn futures on the Zhengzhou Commodity Exchange, according to an official statement. The cotton yarn futures, together with the cotton futures that already traded, will help companies in the industry to hedge against and improve the management of risks, the China Securities Regulatory Commission (CSRC)

Chinese Yarn Imports Rise due to Inflated Domestic Prices for Raw Cotton

China’s aggressive cotton stockpiling policy has pushed up domestic prices, forcing the world’s largest textile industry to boost imports of yarn by as much as a third in 2013, while production moves to southeast Asia, drawn by lower costs there. Beijing’s stockpiling moves, launched in 2011 and designed to support farmers, have held domestic cotton