NDRC: Downward Pressure On New Cotton Prices

along with New cotton The cotton price has been steadily rising in the convoy of the minimum protective price of the reserve cotton. However, in the situation of domestic and foreign cotton harvest, and demand will not increase significantly, the national development and Reform Commission official said frankly, the price of new cotton still has certain downward pressure.

At present, the China cotton reserve management company plans to collect and store 24300 tons of cotton in 2011, which has been closed for fifth consecutive working days. Despite the fact that the number of cotton stored and stored in the Central Cotton store has remained zero, the effect of the minimum purchasing and storage policy has been revealed. With the acquisition of new cotton, the new year cotton will be on the market, but the price will continue to rise slightly.

However, the global pattern of high yield of cotton is testing the sustainability of policies. According to the China Cotton Association, cotton production in the 2011 cotton year (from September 2011 to August 2012) will reach 7 million 380 thousand tons, up 11% over the same period last year. Gao Fang, executive vice president and Secretary General of China Cotton Association, said at the national cotton situation analysis conference held in Beijing on 15 th. cotton From the late August to late August, the climate of the whole country is relatively suitable. The yield per unit area is higher than that of last year. Among them, the climate in the Yellow River River Basin and Xinjiang cotton region is suitable, and cotton grows well. The climatic conditions in the Yangtze River Valley are slightly worse, and the yield per unit area in some cotton areas has declined.

According to Gao Fang, the problems faced by the textile industry in 2011 are still very complex, and there are great difficulties in the rapid growth of the industry. Therefore, the growth rate of the textile industry will continue to slow down in the new year, and cotton demand is expected to remain at the level of the previous year. Internationally, most cotton producers in the main cotton producing region will have a bumper harvest in 2011, and output will increase significantly. Demand will not change much. Supply and demand will be improved. Supply will be slightly larger than demand. Cotton prices will still have downward pressure.

On the day of the meeting, the state issued Reform Commission Zhang Xianbin, director of the economic and trade division, also admitted that the new year's domestic and international cotton harvest is not optimistic, the international economic situation is not optimistic, there will be no obvious increase in demand, and the downward price of new cotton listed prices. In addition, Zhang Xianbin also pointed out that this year the social capital market is small, the agricultural development bank funds supply pressure. At the same time, there is a certain pressure on the market order. The phenomenon of "two small and one land" still exists. There may be signs of speculation in the futures market; labor costs rise and grain prices continue to rise, making it difficult to further stabilize cotton production.

In view of the above problems, Zhang Xianbin thinks that cotton work in 2011 has eight main aspects: first, increase publicity efforts, effectively implement the measures of collecting and storing, protect the interests of cotton farmers; two, rectify the market order; three, ensure the supply of funds; four, ensure the normal operation of the purchase and sale of enterprises; five, make full use of the international market in macro regulation and control; six, actively and steadily push forward the reform of cotton quality inspection system; seven is the development of textile industry; eight is to stabilize cotton production, the state should further increase support, and increase the research of cotton mechanization suitable for the national conditions. Zhang Xianbin finally appealed to all sectors of the industrial chain to strengthen self-discipline, empathy, and jointly safeguard the healthy development of the cotton industry.

Gao Fang also said that the new year has launched a temporary state. store up If the market price falls below 19800 yuan per ton, it will be opened up and stored. If it is above 19800 yuan per ton, it will follow the market. There is a policy of purchasing and storing the bottom. It is expected that the domestic cotton market will remain stable in 2011.