China'S Cotton Market: Opportunities And Challenges

In January 19th, the CPC Central Committee and the State Council issued the "opinions on comprehensively deepening the rural reform and speeding up the modernization of agriculture".

The paper proposes that we should gradually establish a target price system for agricultural products and subsidize low-income consumers when the market price is too high. We should subsidize producers at the price difference when the market price is lower than the target price, and effectively guarantee the farmers' income. In 2014, we launched the pilot project of subsidizing the price of soybean and Xinjiang cotton in Northeast and Inner Mongolia.

Since February, linen cotton and cotton yarns have been included in the pilot scale of approved value-added tax deduction for agricultural products, and become the first province in the country to break the policy of "high taxes and low deductions" in Anhui.

After the news came out, Hebei, Henan, Zhejiang, Hunan, Shandong, Shaanxi, Jiangxi and Jiangsu also started the reform of "high levy and low deduction".

In April 1st, the state was right.

The sales policy will be adjusted, and the bid price will be adjusted from 18000 yuan / ton to 17250 yuan / ton.

In April 5th,

The Ministry of Finance and the Ministry of agriculture jointly issued the target price of cotton in 2014, 19800 yuan per ton, and subsidized cotton producers in Xinjiang.

Producers sell cotton at market prices, when the market price is lower than the target price, the state subsidize cotton farmers to protect cotton planting households' income, and when the market price is higher than the target price, the state does not grant subsidies.

In September 17th, the people's Government of the Xinjiang Uygur Autonomous Region officially announced the implementation plan for the pilot project of cotton target price reform in Xinjiang, Xinjiang cotton.

Formally promulgated.

In September 22nd, the national development and Reform Commission announced in 2015 that it would no longer issue additional import quotas in addition to the import quota of 894 thousand tons of cotton imported into the WTO commitments, and guide domestic textile enterprises to make more use of domestic cotton.

In mid December, the implementation plan of cotton subsidy work in Anhui province was promulgated in 2014. The Cotton Subsidy target is the actual cotton growers in Anhui province. The subsidy method is the county (city, district) unit, according to the actual cotton planting area and the local average per mu subsidy standard, the subsidy fund is first issued in Anhui province.

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As the year-end approach approached, the new silk fabric in the traditional market of China Textile City was launched less than last week, and the price increase began to increase.

Since the end of the week, the impact of decorative cloth year-end has not been much on marketing, and how much more still can be entered into and how often it works.

Although the number of curtain fabrics was on the market a week, the overall sales of the decorative fabrics increased more and more. However, a week's marketing was still mainly maintained by curtain cloth. A week due to the new year's day, some customers released the curtain cloth, window screens and sand temporarily, and the volume of the market listing decreased accordingly, resulting in a steady decline in the total sales of decorative cloth compared with last week.

This week, all kinds of woven polyester filament and knitted window dressing fabric (curtain cloth, window curtain, curtain gauze), sand release (including woven yarn dyed fabric, woven yarn dyed velvet), cushion cushion (island fiber suede) cloth and so on, the total sales volume fell slightly compared with last week, compared with the same period last week, a substantial increase.