Is Cotton Importing Decreasing? Is The Era Of Cotton Production Coming?
According to the latest statistics of the General Administration of Customs of China, in February 2016, China
Imported cotton
56 thousand and 200 tons, a decrease of 102 thousand and 800 tons compared to the same period, a decrease of 64.65%. In 2016 1-2 months, 1-2 tons of cotton were imported, reaching a 10 year low of 168 thousand and 500 tons, a decrease of 52.60%.
Since 2014
Cotton target price subsidy
Since the launch of the pilot work, the pilot program for target price reform has been successfully promoted to ensure new cotton.
list
The post market is running smoothly, and the State adopts comprehensive measures to strengthen market regulation. One of the measures is to properly arrange imports and encourage enterprises to use more.
Domestic cotton
。
Subsequently, the relevant people of the national development and Reform Commission have repeatedly publicly stated that in 2015, in addition to the 894 thousand tons tariff quota granted to the WTO, no quota was issued in principle to guide enterprises to make more use of domestic cotton.
Meanwhile, domestic cotton prices are gradually approaching the international market price since 2014.
Storage cotton wheel
Under the expected enhancement, the linkage between spot and futures prices of cotton at home and abroad has increased significantly.
Since the quota was issued in January, the domestic textile enterprises have only purchased a certain number of high-grade imported cotton, basically waiting for the exact message of the reserve cotton wheel. From the current situation of textile enterprise procurement, the "national cotton era" is worth looking forward to.
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