China'S Temporary Cotton Purchase And Storage Policy Was Criticized

< p > cotton temporary purchase and storage policy is intended to provide a "fire fighting" strategy for the cotton market. Now, with the cotton a href= "http://www.91se91.com/news/index_c.asp" > textile > /a >, the collective losses of the enterprises and the cotton growers are not benefiting from the collective criticism of the upstream and downstream of the cotton industry.

As we all know, the high cost of cotton planting, if all imports, the cotton industry will become the outcome of the soybean industry, in order to maintain cotton cultivation, the government issued a temporary cotton purchase and storage policy.

In 2012, the downward trend in cotton prices was unexpected, making the design of this policy completely wrong.

As of January 22nd, the state bought and sold 5 million 830 thousand tons of new cotton in 2012, accounting for more than 85% of the cotton output in the year. Breaking through 6 million tons is just around the corner.

According to the 2012 standard new cotton purchase price of 20400 yuan / ton, in 2012, the cost of new cotton storage and storage will be over 100 billion yuan.

This means that 100 billion yuan of cotton reserves have fallen into the predicament of huge losses.

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< p > > a href= "http://www.91se91.com/news/index_q.asp" > China's cotton temporary storage and purchase policy < /a > is no longer sustainable at present, and the market is expected to make policy adjustments inevitable.

Gao Yong said that in the second half of 2013, the state must adjust the cotton temporary purchase and storage policy.

In July 25th, 150 cotton purchasing and textile enterprises from the whole country, together with the relevant departments of the the Xinjiang Uygur Autonomous Region development and Reform Commission, the credit commission and the Agricultural Development Bank, gathered in Urumqi. Representatives from all walks of life exchanged views on how to deal with the new cotton purchase and storage standards to be implemented in the new cotton year, how to improve the existing cotton market regulation policies and the development status of Xinjiang's cotton industry.

Reporters at the meeting learned that the new cotton year, the Chinese government will continue to implement temporary cotton purchase and storage policy, at the same time, the new cotton harvest and storage standards will be announced as soon as possible.

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< p > according to the introduction, it is estimated that domestic cotton prices will remain high in the 2013/2014 cotton year, and the price difference with foreign countries will continue to exist. (at present, the difference between domestic and foreign cotton prices is still around 5000 yuan / ton), and the textile industry with primary processing in Xinjiang is still facing severe challenges.

The cotton spinning industry is a pillar industry in Xinjiang's textile industry. The cotton textile enterprises in the territory mainly use the Xinjiang real estate cotton as raw material, and the raw material cost accounts for more than 75% of the total cost.

In the case of high domestic and foreign cotton prices, enterprises in Xinjiang can not produce low price imported cotton, thus reducing the competitiveness of cotton spinning enterprises.

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< p > in order to get rid of the development predicament of textile enterprises, many textile enterprises, such as a href= "http://www.91se91.com/news/index_c.asp" > clothing < /a >, suggest that the state should introduce measures to reduce domestic cotton prices as soon as possible, reduce the difference between domestic and foreign cotton prices, and propose to reduce the selling price of national cotton and cotton, and adjust the proportion of imported cotton quotas of national cotton reserves to support the development of enterprises.

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