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The Cotton Purchase And Storage System Has Come To An End.

2014/1/26 9:56:00 53

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Cotton Subsidy Cotton Direct Subsidy Cotton Price Cotton Purchase And Storage System

< img border= "0" align= "center" alt= "" src= "" /uploadimages/201401/26/20140126095748_sj.JPG "/" < > > "
 2014, the state will launch a pilot program of target price subsidies for Northeast and Inner Mongolia soybeans and Xinjiang < a href= "http://sjfzxm.com/news/index_c.asp" > cotton > /a >. The target price may be announced at the end of April and May, and the official implementation of the price is a href= "http://sjfzxm.com/news/index_c.asp" > subsidy < /a > will be in the autumn of this year. The price of cotton and soybean will be priced in the market after the purchase and storage is straighten up, which worries the industry that the increase in supply and pressure from policy will keep prices down. 
 the difference between cotton and domestic price will be narrowed /p >
 "with the retreat of the current cotton purchase and storage policy, the target price of cotton direct subsidy will be formed in the mode of" cotton planting cost plus basic income ". This means that the government's direct intervention in cotton prices through administrative means has begun to move towards market regulation. Yu Lijuan, senior analyst at Jinshi futures cotton, told the China Securities Daily reporter that after the direct subsidy was launched, domestic cotton prices would be returned to market and gradually integrate with the international market. The price difference between domestic and foreign cotton would be narrowed. But if the price plummeted, the planting area in the mainland that is not yet well protected is expected to have a larger decline in planting area. 
 at present, there are three main expectations for the implementation of < a href= "http://sjfzxm.com/news/index_c.asp" > cotton direct subsidy > /a > in the market: first, the subsidy is 200 yuan per mu for planting area; two is subsidized by output, and 0.5-0.8 per kilogram of Cotton Subsidy; three is to collect and store with pilot subsidies, and to maximize the protection of cotton farmers' interests. The delegation of Akesu suggested that the average price of seed cotton after the price differential subsidy should be maintained at 9 yuan per kilogram (cotton price of 22.5 yuan / kg) is more reasonable. 
 "after the direct subsidy is made, the domestic cotton price will inevitably move closer to the international cotton price, and gradually implement the same price. The direct subsidy will be bad for Zheng cotton." Zhang Liang, deputy general manager of Huatai the Great Wall futures investment consulting department, said. 
 it is learnt that in 2011, since the implementation of the cotton purchasing and storage policy, the cotton purchase and storage price has increased from 19800 yuan / ton to 20400 yuan / ton, but at the same time, the international cotton price has dropped to 15000 yuan / ton all the way. Xia Ting, a business analyst, believes that the introduction of direct subsidy policy will reduce the pressure of import shocks caused by the long-term "upside down" of cotton prices at home and abroad. We must strictly control the issuance of import quotas to achieve the marketization of domestic and foreign cotton prices. Eventually, the price of domestic cotton and imported cotton will tend to be consistent. This will not only benefit the development of cotton industry, but also help cotton spinning enterprises get out of difficulties, and at the same time, it is also conducive to the rational allocation of market resources. 
 Yu Lijuan said: "China is a country of cotton import dependence, but at the moment, it is unreasonable to let imports go." In the later stage, the increase in the volume of quasi tax quotas will be greatly reduced. It is expected that the issuance of processing trade quotas will continue to be the main trend, or the mode of throwing and storing quotas will continue. The regression estimation of cotton price difference between inside and outside is a slow process. 
 > a href= "http://sjfzxm.com/news/index_c.asp" > cotton storage and storage system < /a > will be terminated /p >
 up to January 22nd, the stock of cotton storage was 10 million 632 thousand tons. The industry believes that throwing cotton reserves in 2013/14 is still the main source of supply for China's cotton market, and the price of dumping or storage will be the center of market pricing. "High inventory will continue to suppress the uplink of cotton prices in China. But considering the consumption situation of the downstream textile industry, under the pressure of high inventory, the downward trend of cotton price operation is not a good thing under the current consumption pattern. It is expected that with the improvement of consumption in the later period, China will steadily release the stock of national reserves. " Yu Lijuan said. 
 in Li Juan's view, the price of 2013/14 futures contracts is not expected to be affected by the direct subsidy policy, while the price of 2014/15 futures contracts will be directly affected by the direct subsidy policy and the premium will be formed for the 2013/14 contract. The cotton price in late period is easy to fall down under the suppression of high inventory, and the cotton price will be moved down to 16000-18000 yuan / ton in 2014/15.