China Moves From A Big Cotton Producing Country To A Cotton Producing Power

2016 is the opening year of the thirteenth five year plan of the national economy. In the third year of the new normal economic development, the cotton industry should take the initiative to adapt to the new normal in the first year of the structural reform of the supply side.

The main goal of the "13th Five-Year" is to promote the development of the industry by "upgrading quality and quantity" without competition in production.

The National Bureau of statistics released data (2015-12-18). In 2015, the total area of cotton planting in China was 56 million 984 thousand mu, minus 10%; the output per unit area was 98.4 kg / mu, increased by 0.8%; the total output was 5 million 605 thousand tons, or 9.3%.

In the market aspect, in 2015, the national cotton showed a "three minus two drop" situation, that is, the reduction of area, the reduction of the output, the decrease of total output, the drop of quality and the drop of cost.

First, the area is reduced.

Cotton sowed 60 million 100 thousand mu, minus 15 million 880 thousand mu, minus 20.9%.

Area reduction is subject to structural adjustment and competitiveness.

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The two is reduction in production per unit area.

Monitoring production per unit area was 90.2 kg / mu, reduced 5.6 kg / mu, minus 5.8%.

The decrease in yield per unit area originates from the continuous high temperature in the Yellow River and Northwest China, while the Yangtze River increases.

The three is total production and reduction.

The total output was 5 million 428 thousand tons, or 1 million 954 thousand tons, or 26.5%.

Among them, the reduction in area accounts for 73.3% of the total production, and the decrease in unit production accounts for 26.7% of the total production.

Four is quality degradation.

The proportion is reduced.

According to China's cotton production monitoring and early warning data, in 2015 9-12, farmers sold seed cotton at 5.60 yuan / kg, down 4.3% from 5.85 yuan / kg in the same period in 2014.

Seed cotton sale was slow. By December 31, 2015, the national cotton seed sale rate was 65.5%, slowing down by 21.5 percentage points compared with that of the previous year, that is, there are still more than 30% seed cotton in cotton farmers.

In 2015 1-11 cotton yarn output was 36 million 545 thousand tons, an increase of 3.7% compared with the same period last year. Cotton production in 31 billion 700 million months was 31 billion 700 million meters, a slight decrease of 1.2% in the same ratio, which was lower than that of GDP6.9%.

In 2015, 1-11 tons of imported cotton yarn 2 million 160 thousand tons, an increase of 19.6%; export cotton yarn 315 thousand tons, an increase of -21.1%.

In 2015, export of textiles and garments was US $283 billion 849 million, an increase of -4.9% over the same period last year.

Domestic clothing shoes and hats above limit retail sales of 13434 yuan, an increase of 9.8%, down 1.1 percentage points.

In 2015, 1-11 tons of raw cotton imported 1 million 284 thousand tons, an increase of -40.8% compared with the same period last year; the import amount was 2 billion 259 million US dollars, an increase of -49.9%.

The average price of imports of raw cotton is 2045.67 US dollars / ton, a slight increase of 0.6% compared with 2034.43 US dollars / ton in 2014.

In 2015, the average price of China's cotton price index (CCIndex3128B) was 13242 yuan / ton, down 22.87% from the same period last year.

The CotlookA index (FE) is 70.35 cents / pound, down 15.4%.

Domestic and foreign spreads narrowed.

The average weighted average price of the imported cotton 1% tariff in March 1-10 was 2102 yuan / ton, which was 45.1% yuan lower than the 3827 yuan / ton in the same period in 2014.

The weighted price difference of sliding tax is -274 yuan / ton, which is 2395 yuan / ton less than the same period in 2014, a decrease of 111.4%.