Xinjiang: Cotton Cost And Profit Forecast In 2020

In May, the Xinjiang development and Reform Commission (NDRC) conducted an investigation and analysis of the cotton yield, production cost and income in 28 counties (districts and cities) of 10 prefectures (districts and cities), excluding Xinjiang production and Construction Corps in 2020. The survey showed that the yield per unit area, the selling price, the cost and the income increased to varying degrees.

According to the survey, this year's climate is relatively suitable for spring, and the emergence rate of cotton has increased. The output per mu of cotton is expected to increase this year compared with last year. As labor and labour costs rose in 2020, cotton costs increased.

In March 26, 2020, the national development and Reform Commission and the Ministry of Finance jointly issued the document "clear that the target price policy of cotton will continue to be improved in Xinjiang in 2020", which will strongly stimulate the enthusiasm of farmers in our region and further protect the cotton farmers' income. Affected by this, it is predicted that the price of cotton sale in our region will remain stable in 2020, a slight increase and an increase in revenue.

In order to better promote the development of cotton industry, strengthen the construction of high quality cotton base and consolidate Xinjiang's status as the largest commercial cotton production base in the country, it is recommended to continue to stick to and improve cotton target price reform and further protect cotton farmers' income; We should conscientiously carry out various policies to benefit farmers, comprehensively implement scientific and technological cotton increase, actively explore and explore new Cotton Subsidy Methods, carry out pilot work on cotton target price reform subsidy and quality linkage; actively guide cotton pickers to orderly work in Xinjiang, eliminate "labor shortage", strengthen cotton monitoring and implement subsidies, and raise farmers' enthusiasm for cotton planting.