The Chinese Government Has Spared No Effort In Supporting Its Cotton Industry.

In 2011-2013, China adopted the minimum supporting price to collect and store directly, and the price of storage and storage continued to rise. The total amount of storage and storage has been accumulating up to 19 million 50 thousand tons.

The quantity of dumping and storage is relatively limited, and 6 million 840 thousand tons will be accumulated by 2013.

2014, the abolition of the annual storage and withdrawal system and the sharp fall in cotton prices, despite the fact that the reserve has continued, has not been very hot and has limited market impact.

According to the statistics of China cotton information network, as of the end of August, the total turnover of cotton reserves was 60857 tons, with a turnover ratio of only 3.4%, with an average paction price of 12825 yuan / ton and a discount of 3128B price of 13290 yuan / ton.

By the end of 2015, there were still 1015 potential tons of potential stocks in the State Reserve, and there were rumors before 2016 that it might be dumping in March.

Control the quantity of imported cotton and adjust the import cotton price through quota and sliding tax. The maximum import tariff is 40%.

In addition, China will adjust the supply of the market by purchasing and storing and throwing up reserves. When the market is short of resources, China will adopt the auction mode to put the reserve cotton into the market. When the oversupply occurs, the acquisition will have a significant impact on the price fluctuation, which has been analyzed in the previous analysis, and the system is listed here for investors' reference.

In order to guide the market to digest domestic cotton stocks, it began to strictly control import quotas in 2015, in addition to issuing additional 89.4 tons of imports promised by WTO[micro-blog.

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In 2016, the tariff quota was not increased, and the import duty of tariff quota was 1%, of which 67% were granted to non state trading companies, and the proportion of state-owned trade was 33%.

to the satisfaction of

Demand, every year, the country will grant a quota of quasi tax quotas every year outside the 1% quota. For a certain amount of cotton imported from customs declaration, the tax rate shall be levied according to the sliding tax, with a sliding range of 5%-40%.

At the end of 2015, the import cost of cotton sliding duty was higher than domestic cotton prices, and imports were restricted.

In 2014, China's policy changed, and the purchase and storage was abolished. It was converted into a direct subsidy for Xinjiang cotton farmers in accordance with the target price of 19800 yuan / ton.

2015 countries continue to implement cotton in Xinjiang.

Under the premise of maintaining the interests of farmers and keeping the output of Xinjiang cotton stable, we should appropriately consider the pressure of financial subsidies under the background of cotton price decline and fine tune the planting structure to alleviate the pressure of supply. The target price level of cotton in Xinjiang in 2015 may is 19100 yuan per ton, down from 2014.

In 2014, the ministerial Joint Conference on cotton target price reform was held in 2014. It was stated that in 2014, the quota subsidy for cotton in the mainland was 2000 yuan / ton. The subsidy scope covered 9 provinces in Shandong, Hubei, Hebei, Jiangsu, Anhui, Henan, Jiangxi and Gansu. The subsidy standard for the next year was based on 60% of the allowance for Xinjiang, and the ceiling should not exceed 2000 yuan yuan / ton.

According to this year's market, Cotton Subsidy in the mainland will probably still adopt the standard of 2000 yuan / ton.