Guannong Group Yikang Cotton Futures Delivery Warehouse is listed for operation

On February 23, the cotton futures delivery warehouse of Aksu Yikang Warehousing and Logistics Co., Ltd., a subsidiary of Xinjiang Guannong Group Co., Ltd., received the 39th customer forecast futures warehouse receipt.

It is reported that the cotton futures delivery warehouse of Aksu Yikang Warehousing and Logistics Co., Ltd. was put into operation on February 10. It is located in Xinhe County, Aksu Prefecture, covering an area of 1,140 acres, lint The static storage capacity reaches 500,000 tons. There are 76 ginning factories and 2 textile enterprises in the county, with an annual spinning capacity of 250,000 spindles. The reservoir area is endowed with unique geographical advantages and resource advantages.

The relevant person in charge of Guannong Group said that Guannong Group will earnestly fulfill its responsibilities as a state-owned enterprise in the Corps, give full play to the advantages of the Corps’ leading agricultural industrialization enterprise, and fully support and help market entities such as cotton processing enterprises, cotton traders and other cotton-related enterprises to participate in cotton Futures trading, scientifically use cotton futures and options tools to carry out hedging, futures and cash integration and other businesses, promote the stable and long-term performance of the financial service function of the real economy, in order to promote the integrated development of military and land areas, give full play to the advantages of cotton resources in southern Xinjiang, and promote the development of southern Xinjiang. The healthy development of the cotton industry demonstrates the responsibility of state-owned enterprises.

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