Cotton Production Gap In China Is Expected To Be 2 Million Tons.

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Xiaobian of the network is to introduce the NDRC: China's domestic cotton production demand gap is expected to be 2 million tons.

22 morning country

Held a news conference on "cotton target price reform pilot and market regulation", Zhou Wangjun, deputy director of price department, deputy director of economic and Trade Department Liu Xiaonan, attended the press conference and answered questions from reporters.

Liu Xiaonan pointed out.

It is estimated that the demand for cotton in the new year will be around 8 million 500 thousand tons, and it may exceed that amount, which is about 500 thousand tons higher than that of the previous year.

In this way, the output is 6 million 500 thousand tons and the demand is 8 million 500 thousand tons. China's domestic production gap is 2 million tons, an increase of 1 million tons over last year.

Liu Xiaonan, first of all, I would like to add the first question that the Secretary of the Zhou Army started to answer is the domestic and international cotton production and demand situation in the new year.

According to the data and forecasts from relevant parties, the area of cotton in China is decreasing this year. It is estimated that the actual output of cotton will be around 6 million 500 thousand tons, a decrease of 500 thousand tons over the previous year. This is the situation of output.

From the perspective of demand, due to the implementation of the target price reform, the price of cotton will be formed by the market, and the linkage between domestic and international cotton market will be strengthened. The difference between inside and outside cotton will be further narrowed. As mentioned earlier, such words will help curb the trend of replacing cotton with chemical fiber, and on the other hand, the trend of cotton yarn imports may also be weakened.

Therefore, domestic demand for cotton is expected to stabilize and recover over the previous year.

It is estimated that the demand for cotton in the new year will be around 8 million 500 thousand tons, and it may exceed that amount, which is about 500 thousand tons higher than that of the previous year.

In this way, the output is 6 million 500 thousand tons and the demand is 8 million 500 thousand tons. China's domestic production gap is 2 million tons, an increase of 1 million tons over last year.

Generally speaking, the effective demand of domestic textile enterprises for domestic cotton is objective.

Internationally, I have just introduced, on the whole.

The demand for production is greater than demand. Supply and demand are relatively loose, and prices are at a relatively low price.

Fifteen

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Xiaobian of the network is to introduce the NDRC: cotton subsidies will be extended to the main production area of the Yangtze River the Yellow River basin.

According to reports, the national development and Reform Commission today held a "cotton target price reform pilot and market regulation" press conference.

Zhou Wangjun, deputy director of the price department of the NDRC, revealed that after the price of the pilot target in Xinjiang, subsidies will be appropriately given to the main production areas of the Yangtze River and the Yellow River River Basin, and the State Council has finalized the present principle.

Overall, domestic cotton production demand gap is expected to be 2 million tons this year, and domestic and foreign spreads will be narrowed.

Zhou Wangjun, deputy director of the national development and Reform Commission's price department, said that the temporary cotton purchase and storage policy will be abolished this year, and the price will be determined by the market.

In order to protect farmers' income, the target price is determined to be 19800 yuan per ton according to planting cost plus basic income.

When the market price is lower than the target price, the subsidy is granted, otherwise it is not issued.

Zhou Wangjun: now the domestic cotton is 14000 yuan, the difference between 19800 and 14000 is 5800 yuan per ton, that is the amount we should subsidize to farmers this year.

Of course, the actual price should be calculated according to the average price of the three months in September, October and November.

In addition to the pilot project in Xinjiang, Zhou Wangjun revealed that the main cotton producing areas in the Yangtze River and the Yellow River river will also be subsidized, and how to make up for them will be released by the Ministry of Finance in the near future.

According to the latest plan, subsidies to cotton farmers in Xinjiang will be supplementation by 60% and 40% by cotton sales.

For the new deal, Xinjiang

Xu Xinhua said at least that this year will not lose money.

Xu Xinhua: after this price, it should be said that our enthusiasm is still high, at least dare to grow.

From the perspective of market supply and demand, the output of cotton in China is estimated to be around 6 million 500 thousand tons this year, with a demand of 8 million 500 thousand tons, and the gap between domestic production and demand is about 2 million tons.

Liu Xiaonan, deputy director of the economic and Trade Department of the NDRC, believes that the target price is also conducive to the production of downstream enterprises while protecting the interests of farmers.

Liu Xiaonan: the state is fixed and higher.

As a raw material user, textile enterprises affect the competitiveness of textiles.

After the implementation of the target price reform, the price difference between domestic and foreign countries should be reduced to a reasonable level and the competitiveness of textile enterprises will be improved.

However, the head of a textile enterprise in Fujian admits that the enthusiasm of purchasing is not high at present because it is "not allowed to eat the price."

A large number of cotton reserves accumulated by the state are like "dammed lakes". When to throw them and throw them at any price, they will have a great impact on the market.

Textile enterprises: the products I produce are expensive, and they are not competitive with foreign cotton yarns. I dare not make them, so I will not reserve cotton.

In response, the NDRC responded: starting in September, the reserve cotton was stopped.

Before next March, the peak period of acquisition and processing of new cotton will be. Until the end of the acquisition process, if the domestic market is in short supply and the price is rising rapidly, the state will consider putting some cotton reserves in the light of the principle of not pressing the market.