China sets 2023-2025 cotton target prices at 18600yuan/mt

China sets the target price of cotton at 18,600yuan/mt in 2023-2025 in Xinjiang, according to the announcement released by the National Development and Reform Commission on April 14, 2023.

Taking into account the cotton production situation in Xinjiang in recent years, as well as the local water resources and arable land resources, Xinjiang cotton is subsidized with a fixed production of 5.1 million tons.