Ministry Of Agriculture: Risk Of Cotton Production And Textile Enterprises Increased

"2010 cotton The production situation is still not optimistic, and cotton prices will probably remain high, making cotton production and Textile enterprises The risks increased. " Du min, a researcher at the Ministry of agriculture's Rural Economic Research Center, pointed out in Zhengzhou in June 5th.

Du min made the above remarks at the "2010 cotton Market Summit Forum" hosted by Wanda futures.

Since 2010, with the world Economics The revival of cotton prices has been driven by strong consumption and the cotton futures contract of the Zhengzhou Mercantile Exchange has risen to the highest level of 18 thousand and 350 yuan per ton. Experts analyzed that in 2010~2011, the domestic cotton market will enter the era of high cotton prices.

"According to the investigation and analysis of the industrial economic room of the national cotton industry system, the risk of the cotton market will further increase in the later stage." Du Min said, first of all, from the textile industry development trend analysis, although the textile industry has signs of warming, but the overall situation is still not optimistic. In addition, the rapid rise of domestic cotton prices will inevitably lead to an increase in the cost of textile raw materials, which is a great resistance to the domestic textile industry that is struggling to get out of the difficult situation.

Du min suggested that cotton companies should strengthen risk management to avoid the risk of high or large fluctuations in cotton prices.