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China Cotton Association: Cotton Output Increased By 11% This Year.

2011/9/16 9:08:00 40

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China Cotton Association Cotton Price Industry

At the national cotton situation analysis conference held yesterday,

China Cotton Association

President Zhou Shengtao said that the main reason for the rise and fall of cotton prices since last year is excess liquidity.

According to the China Cotton Association August survey, it is estimated that cotton output will reach 7 million 380 thousand tons, up 11% over the same period last year.

Cotton prices soared in 2010, and cotton prices rose more than 67% from less than two and a half months from September to early November.

However, cotton prices have fallen rapidly since the beginning of March this year, and the level of cotton has dropped from 32 thousand yuan per ton to about 22 thousand yuan now.

According to Gao Fang, executive vice president and Secretary General of China Cotton Association, attracted by the high cotton price and high yield of the previous year, the enthusiasm of cotton growers in 2011 increased, and the area of cotton planting nationwide increased.

The cotton association of China monitored that in 2011, the total area of cotton planting in China was 80 million 180 thousand mu, which increased by 4.1% compared to the same caliber.

Since the planting of cotton from late August to late August, the climate of the whole country is relatively suitable. The yield per unit area is higher than that of last year, and the trend is a good year. The climate of the Yellow River River Basin and cotton region is suitable, cotton grows well, the climate condition of the Yangtze River Basin is slightly worse, and the yield of some cotton areas has declined.

From August to early September, a long period of rain and light in some parts of the Yellow River and Yangtze River Basin had a certain effect on cotton yield and quality, and the yield was expected to decline compared with the earlier stage.

Gao Fang said 2011

Textile industry

The problems are still very complex, and there are great difficulties in the rapid growth of the industry.

First of all, domestic inflation pressure is still relatively large, monetary tightening policy will not change temporarily, enterprises financing difficulties and cost increase; secondly, the international economic situation is changeable, demand recovery is not stable, RMB exchange rate appreciation, international competitiveness weakened, export uncertainty; third, labor, raw materials, energy and other kinds of materials prices rise, costs rise too fast, enterprises are difficult to digest.

Therefore, the growth rate of the textile industry will continue to slow down in the new year, and cotton demand is expected to remain at the level of the previous year.

Gao Fang said, from the international point of view, the majority of the main cotton producing countries in 2011 cotton harvest, production will be significantly increased, and the demand is not changing, the supply and demand relations obviously improved, supply is slightly larger than demand,

Cotton price

There is still a downward pressure.

However, due to the fact that the state has started a temporary storage and purchase plan, if the market price falls below 19 thousand and 800 yuan / ton, it will open up the stock.

The cotton association of China calculated the reference price of seed cotton purchase according to the purchase price and related parameters, and cotton farmers sold the cotton accordingly, and the storage enterprises should not buy less than the reference price of seed cotton.

Gao Fang believes that the policy of purchasing and storage is the bottom line, and it is expected that the domestic cotton market will remain stable in 2011.