Experts Suggest That The Minimum Purchase Price Of Cotton Should Be Introduced As Soon As Possible.

Ministry of agriculture officials believe that the risk of textile industry will increase.

In June 5, 2010, the "2010 cotton Market Summit Forum" hosted by Wanda futures was held in Zhengzhou, Henan.

China's "fiber inspection" reporter then participated in the meeting of the Ministry of agriculture in rural areas.

"Summing up the experience and lessons of cotton market reform in the past 10 years, it is suggested that the long-term mechanism for the development of cotton industry should be set up as soon as possible, and the mechanism and state of national macro-control policies should be established.

Analysis of China's cotton industry policy

Du Min made an in-depth analysis of the industrial policy of cotton in China. He believed that the purpose of macro-control is to achieve rational allocation of cotton resources by market mechanism.

She believes that China's cotton industry policy now includes five aspects: Cotton support policy, market regulation policy, import and export trade policy and textile industry development policy.

"There are four supporting policies for cotton production in China, including the construction of high-quality cotton bases, improved seed subsidies, production insurance, the construction of superior cotton areas and the establishment of high yield of cotton.

The overall policy objective is to stabilize cotton production and improve cotton production.

She said that the domestic market regulation policies include the national reserve policy, the agricultural development bank policy loan, the cotton quality inspection system reform policy, as well as the Xinjin cotton pportation and subsidy policy.

The purpose of domestic market regulation is to stabilize cotton production and cotton prices, protect cotton growers' benefit from cotton planting, and cooperate with the reform of cotton quality inspection system.

The subsidy policy for cotton pportation in Xinjiang is in line with the GB standard, which is part of the rank and length, and the central government's subsidy is 400 yuan per ton. The subsidy period is from 2008 to 2010.

Construction of China's cotton economic information system

Du Min explained the construction of China's cotton economic information system in detail.

She said that China's cotton economic information system is divided into three parts: the national cotton production monitoring system, the China cotton economic information system database and the China cotton economic information system website.

Participating units include the National Bureau of statistics, the national customs, the Central Cotton Information Center, the national cotton trading market, the USDA US Department of agriculture, the ICAC International Cotton Advisory Committee, the Zhengzhou futures /ICE and the UK.

"In 2007, the state established the Research Laboratory of the industrial economy of the cotton industry technology system; in November 2008, the cotton data information platform was started; in August 2009, 64 cotton demonstration counties in the country began to establish a cotton production monitoring system.

This has created a good foundation for the establishment of China's cotton economic information system.

Du Min said.

Reporters learned that China's cotton economic information system database has 753 annual indicators, 194 monthly indicators, 45 daily indicators.

These indicators relate to cotton production, processing and circulation, cotton consumption, import and export trade, and international cotton and other fields.

Among them, cotton production includes: cotton production classification system in the national cotton producing / cotton producing counties, three national grain and cotton production statistics, the national fixed observation plum blossom cost income table, cotton and three kinds of grain cost income table, agricultural production monitoring price and so on.

Processing and circulation include: domestic seed cotton purchase price, domestic cotton sales price, domestic cottonseed price, national main cotton producing county purchase statistics, Zhengzhou futures cotton price.

Cotton consumption covers: the total consumption volume in 1949, the output of cotton yarn and cotton cloth, the domestic cotton yarn price, the domestic cotton seed price, the domestic short fiber price and the clothing retail price.

Import and export trade includes: domestic cotton import and export trade data, domestic cotton yarn and cotton cloth import and export data, import and export data of main importing countries, trade data of main exporting countries, Cotlook A cotton / cotton yarn price.

International cotton includes: USDA global supply and demand balance sheet, ICAC global supply and demand balance, ICAC main country supply and demand balance sheet, New York ICE futures cotton price, US agricultural product cost income, US market spot price, US market land cotton price and so on.

The national cotton production monitoring system was established in June 2010.

Its coverage covers 200 cotton producing counties in the country, accounting for 70% of the total cotton growing area in the country, and the monitoring time is 25-30 days per month.

The testing contents include production growth, natural disasters, pests and diseases, yield estimation and agricultural price.

The monitoring personnel are composed of production technical management personnel of main cotton producing counties.

Minimum purchase price policy for cotton should be introduced as soon as possible.

Du Min's remarks on the "minimum purchase price policy for cotton as soon as possible" at the Zhengzhou cotton forum have received wide media attention. The reporter asked about the subject. She stressed that the minimum protection price is based on the production cost and so on, and the minimum purchase price is determined. When the market price is higher than this price standard, cotton farmers can sell freely. Once the market price is lower than this standard, the government is responsible for purchasing cotton according to the protective price.

Although the industry has been calling on the government to introduce a minimum protective price measure for cotton farmers to protect the farmers' enthusiasm for planting cotton, there is no sign of such a policy.

{page_break}

"

Du min also warned that although China's textile industry has seen a rebound, the overall situation of the industry is still not optimistic.

The rapid rise of domestic cotton prices poses an inevitable challenge to the rising cost of textile enterprises, which is undoubtedly a great resistance to the enterprises that are striving to get out of the shadow.

According to the research results of the national cotton industry system industrial economy room, the risk of the cotton market in the later stage will be further increased.

She called on cotton related enterprises to strengthen risk management to avoid the risk of high or large fluctuations in cotton prices.

"We must adhere to the tariff quota of cotton import and export and the sliding tax of the additional part.