Cotton Prices Are High For Two Months, &Nbsp Yuan; Seven Sector Emergency Fire Fighting.

Since September of this year

Notice pointed out that this year's cotton

According to press reports, the spot cotton price in Xinjiang, the largest cotton producing area in China, has risen to 29000 yuan per ton.

And yesterday, the Zhengzhou Mercantile Exchange's cotton futures delivery in May will be closed at 32 thousand and 900 yuan per ton, a new high since the listing, or up to 6.29%.

Crazy cotton

According to the circular, cotton prices have risen rapidly since September, due to rising cotton prices in the international market, unfavorable climate in some areas and speculation in the market. In some areas, there are some problems such as buying up prices, buying mixed mixed products, adulterating fake products, processing cotton without license.

The concerns of the NDRC and the other six departments are not unreasonable.

Last Thursday, the deputy director of the national development and Reform Commission's rural economic department, in an investment forum, predicted that in 2010, China's cotton production would continue to decrease by 5% on the basis of the reduction in 2009, which is a major factor to help cotton prices rise.

Statistics show that in 2009, the total output of cotton in China was 6 million 400 thousand tons, which was 14.6% less than that in 2008.

Under the expected reduction in production, cotton prices both at home and abroad have hit record highs.

The latest data show that in November 8th, China's cotton price index (CCIndex) was 28891 yuan / ton, up 733 yuan / ton compared with last Friday.

According to China cotton information network news, in November 8th the national cotton trading market commodity cotton electronic matching pactions clinch a deal 30280 yuan / ton.

In September 1st, the figure was only 18002 yuan / ton, and the spot cotton price rose nearly 10000 yuan per ton in two months.

From July to the eve of national day, cotton prices rose by about 30%, while less than three weeks after the national day, the cumulative increase was 30%.

International cotton prices continued to rise. Last Friday, the closing price of US cotton 142.23 cents was the highest in recent years.

Six measures to control cotton prices

Is the high cotton price affected by supply and demand? Recently, a India official said that India's cotton exports were limited, but most of its exports in the first three weeks of its export were being shipped to China because of strong demand from China.

But "supply and demand" can not be widely recognized by the market.

The above seven departments clearly believe that the Khmer price is still "controllable".

The notice made six requests. The government departments concerned in the cotton producing areas should further strengthen the supervision of the market and quality, focus on strengthening the management of the rural cotton brokers, conduct checks on the social capital rent factories or entrust the acquisition and processing of cotton, and seriously investigate and punish the illegal activities that disrupt the market order and fail to fulfill the quality obligations.

The departments concerned should strictly investigate and punish the acts of distributing price increases, malicious hoarding and driving up prices.

In the cotton producing area, the government should carefully formulate the plan for purchasing the funds and actively coordinate the relevant financial institutions to provide financial services for the acquisition of new cotton, so as to avoid the blank point of the supply of purchasing capital and the issue of "ious".

The agricultural development bank at all levels should fulfill the functions of policy banks conscientiously, make proper arrangements for capital plans, rationally arrange acquisition outlets, and grasp the pace and progress of loan placement.

The railway sector should take into account the cotton pport conditions and characteristics of the new year as a whole, and properly arrange the export capacity of cotton, and lay emphasis on cotton pportation.

In the cotton producing area, the government should strengthen the guidance and management of the large cotton enterprises in the jurisdiction, standardize the operation of enterprises, guide large enterprises to take the lead in maintaining cotton circulation order, and take the lead in stabilizing the cotton market price.

Agricultural departments at all levels should strengthen their services and guide cotton farmers to strive for cotton picking, drying, storage and distribution, so as to prevent mixing of mixed grade and special shaped fibers.

The relevant departments and trade associations should increase publicity efforts to enhance the risk awareness of all cotton parties, guide cotton farmers to overcome the mentality of selling, and rationally determine the purchase price of cotton enterprises, accelerate the progress of purchase and sale, and effectively guard against market risks.

Dialect indicates that the price of some agricultural products has skyrocketed recently. Besides the weather factors and production setbacks, inflation expectations are basically formed, and the factors of speculation on idle capital are also being discussed.

The reporter understands, "first anticipate, just have rise in price", it is another analysis of part experts to cotton price rise.