New Characteristics Of China'S Cotton Market In 2012

< p > although faced with unfavorable factors such as large stock increase, < a target= "_blank" href= "http://www.91se91.com/" > textile < /a > industry downturn, and domestic and foreign cotton price differential continued high operation and other unfavorable factors, under the support of the state's temporary storage policy, the cotton market in the 2012 to 2013 cotton market generally runs smoothly, and no "white bill" has been found.

This is a reporter recently learned from the Agricultural Development Bank of China.

< /p >

< p > 2012, the state continued to implement a temporary cotton purchase and storage policy linked to the purchase price.

The price of cotton purchase and storage is 20400 yuan / ton, which is 600 yuan higher than that of last year, corresponding to the purchase price of seed cotton per catty about 0.1 yuan.

Judging from the purchase price of cotton, the three level flower in the market is basically 4 yuan - 4.2 yuan / Jin, and Xinjiang is slightly higher.

Cotton farmers have a certain profit margin to sell cotton at this price in the cotton market.

< /p >

< p > from the acquisition progress of < a href= "http://www.91se91.com/news/index_c.asp" > cotton < /a >, the picking progress of cotton is basically the same as that of last year, but the progress of cotton sale is faster than that of previous years.

The acquisition rate of cotton in China is about 77%, up 5 percentage points over the same period.

From the situation of the loan acquisition of Agricultural Development Bank, as of the end of 11, the total amount of cotton purchase loans issued by the Agricultural Development Bank was 71 billion 300 million yuan, an increase of 13 billion 900 million yuan compared with the same period last year, supporting the purchase of 69 million 670 thousand cotton lint by the enterprises, an increase of 15 million 760 thousand percentage points compared with the same period last year.

< /p >

< p > reporter learned that in 2012, the cotton market in China showed different characteristics.

In the past two years, the profit margins of cotton purchasing and selling enterprises were relatively small. In 2012, the social capital was cautious in entering the market, and the policy loan of the agricultural development bank became the main source of the supply of cotton purchase funds.

As the market price of cotton is lower than the pro reserve price, pro storage has become the main selling channel.

At present, the price of cotton market is about 1500 yuan / ton lower than the price of temporary reserve.

In addition, the gap between domestic and foreign cotton prices is also widening.

At present, the price of foreign cotton is lower than the price of domestic cotton market by 5000 yuan / ton, which is 6500 yuan / ton lower than the state's temporary storage price.

Higher domestic cotton prices play a significant role in protecting the interests of cotton farmers.

But in the long run, the excessive price difference will bring adverse effects to the whole cotton industry.

< /p >

< p > industry analysis shows that the current status of China's cotton industry has also brought some adverse effects on the safety of credit funds.

For example, the loans issued by the Agricultural Development Bank support enterprises can not be imported into the cotton according to the national a href= "http://www.91se91.com/news/index_s.asp" > storage price < /a > cotton. If the quality of cotton entering and storing is not up to the requirements of storage time and so on, the credit funds will meet the larger market price risk.

In addition, the risk of cotton inventory control and textile enterprise operation will also affect the safety of credit funds.

< /p >