China Cotton Association Said It Would Build Cotton Purchase And Storage System To Regulate Cotton Prices.

China cotton (0, -28725.00, -100.00%) the March China cotton situation monthly released in March 30th revealed that the Chinese government will announce the establishment of cotton in the near future. Buy And reserve system, when market price At a lower level, the state opens up and stores cotton.

It is also understood that, a few days ago, the Ministry of development and reform, the Ministry of Finance and other departments issued the "2011 cotton temporary purchase and storage plan", said that in order to stabilize the cotton production, operators and cotton enterprises market expectations, protect the interests of cotton farmers, to ensure market supply, decided to implement cotton temporary purchase and storage system from 2011.

The main cotton producing areas of the plan are Tianjin, Hebei, Shanxi, Jiangsu, Anhui, Jiangxi, Shandong, Henan, Hubei, Hunan, Hunan, Hunan, and 13 provinces (districts and cities). Cotton temporary in 2011 Purchase and storage price As follows: the price of standard grade lint to the warehouse is 19 thousand and 800 yuan (weight) per ton. The execution time of storage and purchase plan is from September 1, 2011 to March 31, 2012.

It is reported that this item policy The introduction of this will play a stabilizing role in cotton production, and will help improve cotton farmers' enthusiasm for growing cotton.

For the current cotton purchase situation in China, the Cotton Association's previous report pointed out that cotton purchase and sales have gradually returned to normal, and domestic cotton spot prices once again rose to a high level of 30 thousand yuan / ton.

Data show that in February, China's cotton price index (CCIndex328) average monthly price of 29 thousand and 800 yuan / ton, an increase of 6.6%, an increase of nearly 1 times over the same period last year. The purchase price of seed cotton has also been rising. The average selling price of cotton farmers in the mainland has increased by 74% yuan per month, up by 74% over the same period last year.

By the end of February, the average sale of cotton growers in China was 88.6%, down 6.3 percentage points compared with the same period last year, and the Yangtze River Basin was basically over. The traditional and expected prices of cotton deposits in the the Yellow River River Basin continued to rise, and the sales progress was only 70%.

The cotton planting survey of China Cotton Association in March showed that the cotton growing area in most parts of the country increased, due to the high level of cotton purchase price, but the growth rate was limited by labor force, cost and comparative benefits. It is estimated that the area of cotton planting in the whole country is 80 million 960 thousand mu, which is 5.1% higher than that of the mouth road.

"Under high cotton prices, the turnover of the commodity cotton turnover pool is also smaller than that of the stock." The report pointed out that, because of the high cotton prices, textile enterprises are still cautious in purchasing. Because of the relative scarcity of high-grade cotton, the sales of the high-grade cotton are more prosperous, and the turnover of low-grade cotton is relatively light.

According to the China Cotton Association, the total turnover of the total commodity cotton turnover was about 1 million 510 thousand tons as at the end of February, representing a decrease of 79 thousand tons compared with January. Meanwhile, since the new year, the shipment of Xinjiang cotton has been relatively smooth. As of the end of February, nearly 1 million 100 thousand tons of cotton have been transported to the mainland (excluding imported cotton, lint, etc.).

The report said that in recent months, because of the large changes in international cotton prices, the number of repurchase and default has increased, and cotton imports have dropped sharply for 2 consecutive months. In February, China imported 184 thousand tons of cotton, a decrease of 53%, a year-on-year decrease of 16.7%, and the average import price exceeded US $3000 for the first time, reaching 3011 US dollars / ton, up 6.3%, up 75% over the same period.