New Orientation Of Cotton City: Enhance The "Buy In" And "Risk Prevention" Efforts

Since 2016, China's cotton price index has been down all the way before the end of March, reaching a minimum of 11678 yuan / ton.

The smooth and effective supply of cotton purchase funds in the previous year has also made the market full of confidence in the smooth development of the cotton purchase and loan work this year.

The Agricultural Development Bank attributed it to the accurate market situation, risk prevention and control measures and the promotion of loan collection.

Data show that in 2015, the Agricultural Development Bank issued

The purchase of loans amounted to 27 billion 700 million yuan, supporting enterprises to buy 2 million 300 thousand tons of lint, accounting for 41% of the country's cotton output.

At present, the Agricultural Development Bank predicts that only about 10 billion yuan will be added to Xinjiang this year to ensure that the supply of cotton purchase funds is stable and orderly.

Cotton prices have rebounded in recent months, due to the prolonged delivery time of cotton reserves. As of now, the price of cotton is 14089 yuan / ton, or 8.6%.

This reporter has learned that the Agricultural Development Bank has already allocated 2016 cotton purchase funds, and the scale of cotton purchase credit has been arranged by 40 billion yuan.

"We should make preparations for the acquisition ahead of schedule, issue a certain amount of funds for the enterprises ahead of time, and achieve" money and other cotton "so as to ensure the successful acquisition of cotton.

The agriculture development bank said this.

The sharp fluctuations also bring difficulties to the Agricultural Development Bank's acquisition of new cotton.

The agriculture development bank said on the one hand, the pressure of capital supply increased.

Judging from the current situation, after the implementation of the target price reform, social funds and commercial financial funds will be more cautious in the acquisition, and the role of "main channel" will be even more prominent.

On the other hand, the Agricultural Development Bank also faces greater market risks.

Cotton prices have dropped in recent years, but buyout companies still face a dilemma between "no charge or no charge".

Some buying and selling enterprises reflect that, on the one hand, we must protect the interests of farmers, and on the other hand, we should also adapt to the needs of downstream textile enterprises. How to grasp the timing of acquisition and realize the sale of prices become the key to the operation of these enterprises.

The Agricultural Development Bank believes that if the sales and purchase enterprises suffer losses, they can easily be converted into the agricultural development bank.

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For this reason, while doing a good job in cotton purchasing, risk prevention is also highlighted by the agricultural development bank.

The reporter understands that the general requirement of the 2016 issue of cotton purchase credit is to give full play to the role of the main channel of cotton purchase fund supply, correctly handle the relationship between "purchasing insurance" and "preventing risks", and adhere to the credit strategy of "one line and two policies", so as to ensure that there is a big problem in the financing of cotton purchase.