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Yesterday Jiangsu Price Bureau distributed a circular on price policy on spring silkworm cocoon and purchase management in 2007. According to the circular, the province’s benchmark purchase price for spring silkworm cocoon is set to be 950 yuan per 50kg ( 9.2g for oven dry weight, 100% for reelable cocoon percentage) this year.

The circular said that Jiangsu province continues guiding government price control this year. The maximum of the price range should be no more than 15 percent above or below the benchmark price.

Source: Xinhua Daily