Pakistan Says China'S Cotton Policy Affects Its Cotton Yarn Industry

< p > > a href= "http://? www.91se91.com/news/index_c.asp" > Pakistan < /a > media reported that the adjustment of China's cotton policy has affected the production and export of Pakistan cotton yarn.

China set up a cotton storage system in 2011 and bought cotton from its cotton growers at a higher market price.

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< p > the difference between the two international and domestic markets led to a significant increase in China's imports of cotton yarn and by-products, and the export of Pakistan cotton yarn also benefited.

From the 2010-11 fiscal year to the first half of the 2013-14 fiscal year, Pakistan has benefited from the export of cotton yarn to China for 3 billion 500 million US dollars.

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< p > however, in March 2014, China adjusted its cotton purchase policy, no longer offered the purchase price above the market price, but paid the cotton farmers the price difference when the market price was lower than the planned price.

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< p > because the price difference is lower than the previous market price difference, China's < a href= "http:// www.91se91.com/news/index_c.asp" > cotton yarn < /a > import demand decreases, while Pakistan to China cotton yarn exports also declined significantly.

In the third quarter of fiscal year 2013-14, the output of Pakistan cotton increased by only 0.9% over the same period last year, far below the 3.2% increase in the same period of the previous fiscal year.

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< p > also reported that the influx of < a href= "http:// www.91se91.com/news/index_c.asp" > India < /a > low price cotton (zero tariff) is also an important factor affecting the demand and price of local cotton. Therefore, the Pakistani government imposed a 5% tariff on cotton imports to India in April 2014.

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< p > according to the latest statistics of the General Administration of customs, in May 2014, China imported 152 thousand and 400 tons of cotton yarn, a decrease of 16.23%, a year-on-year decrease of 11.26%, 39 thousand and 900 tons of export cotton yarn, a decrease of 3.98% compared to the same period, an increase of 3.13% over the same period last year, a net import volume of 112 thousand and 400 tons, a decrease of 19.86% in the ring ratio, and a decrease of 15.45% over the same period last year.

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< p > according to the historical data released by the General Administration of customs, in September 2013 -2014 May, China imported 1 million 578 thousand tons of cotton yarn, an increase of 13.04% over the same period last year, and a total of 365 thousand tons of cotton yarn exported, representing a decrease of 3.93% over the same period last year.

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