The buyers betting ban soon lifted Australian cotton accumulation in the Chinese

With the ease of the relationship between China and Australia's diplomacy and trade, buyers, including Chinese state -owned enterprises, are put Australian cotton reserves in a warehouse in China. The three -year import ban will soon be lifted soon.Essence

According to the Reuters data quoted by Reuters, there were 43,364 tons of Australian cotton in China in the first seven months of this year to enter China's bonded warehouse, which was more than twice the total amount last year.The data also shows that there are 1148 tons of cotton clearance.

The report quoted a trader who was unwilling to be named, and it was revealed that the Chinese Cotton Group of Chinese State -owned Enterprises was one of the owners.

Adam, the head of the Australian Cotton Association (Cotton Australia), said that some people are betting and sending cotton in small quantities, but these companies are large companies. If they need, they can transfer cotton to other other companies to other other companies.place.

Reports pointed out that Australian customs data from the United Nations Commodity Trade Database show that the export of cotton, copper, wine and dried grass is still limited by some form, but Australia exported 19,767 tons to China in July to ChinaCotton, worth about $ 41 million (about $ 7.66 million), which is the most since December 2019, which is significantly increased from the previous months.

Data also show that from the end of 2020, China has banned the purchase of Australian cotton to start to July this year, and Australia exports about 3 tons of cotton to China a month.

A Australian trader who did not want to disclose his name said that a merchant with contact with him was still shipped.

After the Australian Labor Party, Albanis, after taking office last May, China -Australia's bilateral relations gradually heated up. China has canceled import tariffs on Australian barley, and gradually relaxed the restrictions on Australian products such as coal and wine.Essence

These restrictions are implemented after the recovery of the origin of crown disease in Canberra in 2020.In October 2020, China asked local manufacturers to stop buying Australian cotton.

Albanis last Thursday (September 7) and Chinese Prime Minister Li Qiang met in Indonesia at the Yajian series summit in Indonesia.The Albanis interviewed after the meeting confirmed that he had accepted the invitation of Chinese President Xi Jinping to visit China at a time at the time of the two sides.This will be the first time since 2016, the Australian Prime Minister has visited China.