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NDRC Ferment Cotton Price To Formulate New Regulation Policy

2011/8/29 16:02:00 33

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Policy Of National Development And Reform Commission

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 has just concluded their field research in Jiangsu and Shandong, and are currently working on formulating new annual cotton purchase and storage plan implementation measures.

Officials of the national development and Reform Commission said that the focus of the new cotton policy is to deal with 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 stabilize the domestic cotton prices and prevent the cotton prices from rising and falling again.

From last August to August this year, China

Cotton price

Like the roller coaster, it climbed 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 takeover of the new cotton policy, the NDRC will publish detailed collection and storage methods and detailed storage details, including the implementation plan for the acquisition and storage of the proposed paction, and the calculation of the reference price of seed cotton purchase.

At present, led by the State Economic and Trade Commission of the national development and Reform Commission, relevant departments are formulating policies for the implementation and implementation of the new cotton purchase and storage plan.

The aforementioned officials of the national development and Reform Commission said that because of the great fluctuation of cotton prices, the involvement of not only is

Cotton grower

In the entire cotton industry chain, textile enterprises and cotton traders are also subject to different degrees of damage.

Therefore, in formulating policies, the NDRC, from the middle of August, was led by Liu Xiaonan, deputy director of the State Economic and Trade Commission of the national development and Reform Commission, to organize the composition of the national supply and Marketing Corporation, China Fiber Inspection Bureau and China cotton reserve management corporation.

cotton

The research team 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 the storage and purchase of cotton, and then increase the support for the purchasing funds of textile enterprises.

Aforementioned NDRC officials revealed that the national development and Reform Commission (NDRC) has also formulated some strategic "cotton new policies" in the formulation of the new year's cotton storage and storage plan implementation and other implementation policies. The focus 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.