Cotton Market Needs Comprehensive Measures To Promote Target Price Reform

At present, the cotton target price reform pilot has entered the critical stage of subsidy payment. Qin Fu said: "the key is to accurately pay the subsidy to cotton growers." The pilot area should do well in three aspects: first, do well the preparatory work of the subsidy distribution, and check the cotton sales volume and other data. The two is to deal with the issue of the assignment of land transfers and the two issue of payment for cotton sales, and to complete the adjustment of planting certification as soon as possible, so as to ensure that the subsidy is distributed to the actual growers. The corps should seriously comb out the two payment of cotton sales and ensure that the two payments are in place in time. The three is to make good use of the subsidy funds. When calculating the subsidies for various prefectures, we should take into consideration the factors of market price, production cost, disaster damage and other three pilot modes in Akesu.

Measures should be taken to promote Xinjiang Cotton transfer and sale. We should continue to strengthen market regulation and public opinion guidance, and guide textile enterprises to increase domestic cotton procurement and improve the organization level of outward bound cotton trade. The relevant departments should strengthen the supervision of the cotton futures market, encourage cotton processing and operation enterprises to hedge through futures market, improve the industrial correlation degree of the cotton futures market and the benign interaction degree of the spot market.

Research and upgrading Cotton industry Comprehensive measures. "Only rely on Target price It is not enough to improve the competitiveness of Xinjiang's cotton industry. If policy insurance, infrastructure investment, technology research and development and application can not keep up, it will be very difficult for Xinjiang's cotton industry to become bigger and stronger. Especially if there are no policies and measures to encourage the development of enterprises in Xinjiang, such as printing and dyeing, Xinjiang will hardly be able to share industrial profits from raw material production to clothing sales. Liu Yu believes that Xinjiang and the mainland should be co-ordinated to study and establish a integrated cotton spinning industry, which is integrated with production, processing and sales, and support the development of cotton textile industry in Xinjiang in accordance with the principle of differentiation. At the same time, we should vigorously develop machine picked cotton, promote the transformation of cotton production and management mode and improve the cotton production and marketing data information system.

We should continue to do a good job in policy publicity and interpretation. Xinjiang cotton region should focus on the difference between individual selling price and market monitoring price, as well as the subsidy method of the two settlement of the cotton sales in the regiment. The cotton area in the mainland should guide cotton farmers to adapt to the market changes and adjust the planting structure actively. Experts also suggest that we should do a good job of policy summary and evaluation. It is necessary to conduct a comprehensive and systematic assessment of the cotton target price policy based on the summary of the government's work and the third party's independent evaluation.

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"Cotton target price reform has made a notable achievement in straightening out the cotton price formation mechanism. The synergy of seed cotton price, lint price and international cotton price has been significantly enhanced, and the market awareness of the main market has been significantly strengthened." Liu Yu, associate professor of the Institute of science and technology policy and management science, Chinese Academy of Sciences believes that the formation mechanism of cotton market price has been initially established.

According to the introduction, when the pro reserve policy was implemented in 2013, almost all of the lint was stored in the national reserve, and the price of seed cotton purchase fluctuated by only a few cents per kilogram. After the reform, the processing enterprises directly connect with the textile enterprises, and the number of buyers and sellers in the lint market is large, which is close to a fully competitive market, and the price of the lint market is beginning to take shape. The purchase price of seed cotton also fluctuates synchronously with the supply and demand of the local market and the spot price of cotton and leather at home and abroad. The current fluctuation rate has exceeded 1 yuan / kg. Liu Yu believes that it is worth affirming that under such circumstances, Xinjiang does not appear to be reluctant to sell on a large scale, and the coordinated operation mechanism of all links of cotton purchase and marketing is gradually adapting to the needs of reform.

The second effect of the target price reform is that cotton textile enterprises are getting better. In 2014, the price of cotton was formed by the market, and the government subsidized cotton enterprises with Xinjiang cotton and yarns for 500 yuan / ton and 1000 yuan / ton respectively. Data show that in 2014 1~10 months, Xinjiang textile industry fixed asset investment grew by more than 1 times, and more than 4 new jobs were added. According to customs import cotton yarn data, import volume began to decline from April 2014, and domestic cotton yarn usage increased.

The initial establishment of the market price formation mechanism has promoted the optimization and integration of resources in the cotton processing field. "Processing enterprises have to find buyers themselves, take all market risks, and some uncompetitive processing enterprises gradually withdraw from the market, which is a good thing for optimizing the allocation of resources." Liu Yu said. In addition, when the Xinjiang autonomous region recognized the qualification of processing enterprises, it excluded some bad credit quality, arrears of farmers' funds and weak strength, which also promoted the optimization and integration of resources.