Ningbo Port in January-May cumulative imports of raw cotton 33,000 tons , valued at $ 44,596,000 , an increase of 2.9 times and 3.1 times , respectively, year-on-year .
Statistics show ,arrow electronics, the average unit price of the Ninghai port of raw cotton import an upward trend from January to May , the average unit price of imports for 1350 / ton and $ 1,293 / ton , the average price increase of 4.4 % over last year . , The general trade imports $ 28,910,000 ,newark electronics, an increase of 2.4 times , accounting for 64.8% of total imports ; feed processing trade imports of raw cotton was $ 9,915,000 , an increase of 3.1 times , accounting for 22 of the total imports .2 %. The first five months , the Ningbo port imports of raw cotton from India ( imports amounted to $ 29.071 million ) and the U.S. ( imports amounted to $ 12.163 million ) , representing an increase of 48.7 times and 21.4% , respectively .
It is reported that the main reason for the Ningbo port raw cotton imports soared this year 2006 , the Ministry of Commerce to stop collecting cotton textile export tariffs and import tariff quota implement preferential provisional tax rates , reduced to a large extent the the cost of imports , crude oil prices brought the high price of chemical fiber textile materials textile enterprises also contributed to the relatively stable price of cotton .
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