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Cotton Price Again "Roller Coaster" &Nbsp; Development And Reform Commission Brewing New Regulation

2011/8/29 14:48:00 37

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Cotton Price "Roller Coaster" NDRC To Control New Deal

Recently, the cotton research team composed of the national development and Reform Commission, the national supply and Marketing Corporation and the China cotton reserve management company ended their field research in Jiangsu and Shandong, and are now working on a new policy for the implementation of the new cotton purchase and storage plan.

Officials of the national development and Reform Commission said

New cotton policy

"The key point is to deal with the strategic positioning of cotton and other agricultural products, the relationship between the upper and lower reaches of the cotton industry chain and the relationship between the imported cotton and domestic cotton, so as to stabilize the domestic cotton prices and prevent the cotton prices from rising and falling again.

From last August to August this year, the domestic cotton price rose like a roller coaster, climbing from 17 thousand yuan / ton to 34 thousand yuan / ton in March this year.

After that, it dropped from 34 thousand yuan / ton to the current nearly 20 thousand yuan / ton, which is close to the minimum purchase price of 19800 yuan / ton stipulated in the national plan for the temporary purchase and storage of cotton in 2011.

According to the aforementioned officials of the national development and Reform Commission, the acquisition of state-owned cotton stores will start in September 1st, and there will be no limit on the amount of storage.

Around the new cotton policy acquisition, the NDRC will continue to publish specific storage methods and details of the storage, including the implementation of the storage plan pactions, the measurement of the reference price of the purchase of cotton cotton and so on.

The aforementioned NDRC officials said that cotton prices fluctuated significantly, not only cotton farmers, but also cotton.

industry chain

Textile enterprises and cotton traders also suffer from different degrees of damage.

Therefore, in formulating policies, the NDRC began organizing the cotton research group in mid August and went deep into textile enterprises, local governments and cotton farmers in Jiangsu and Shandong.

The suggestions from the government and enterprises are mainly focused on two aspects. First, it is suggested that the state should increase the quantity of cotton storage and purchase, and two is to increase the support for purchasing funds of textile enterprises.

The official revealed that the national development and Reform Commission was formulating new annual cotton purchase and storage plan implementation measures.

Purchasing and storage policy

At the same time, it is also planning to formulate a strategic "new cotton policy". The key is to further handle the strategic positioning of cotton and other agricultural products, the relationship between the upstream and downstream of the cotton industry chain, and the relationship between imported cotton and domestic cotton, so as to prevent the domestic cotton prices from rising and falling again.