The gap between domestic cotton production and demand in 2014 is about 2 million tons

According to relevant forecasts, in 2014 (September 2014 to August 2015), China's textile cotton demand will stabilize and pick up. It is estimated that the gap between domestic cotton production and demand in the new year is about 2 million tons, an increase of about 1 million tons over the previous year.

This was learned by the reporter on the 25th from the National Development and Reform Commission, the Ministry of Finance, the Ministry of Agriculture, the Ministry of Industry and Information Technology, the General Administration of Industry and Commerce, the General Administration of quality Supervision and Quarantine, the General Association of supply and Marketing Cooperation, and the Agricultural Development Bank.

Lian Weiliang, vice minister of the National Development and Reform Commission, said at the meeting that in terms of production, according to a survey conducted by the China Cotton Association, it is estimated that this year's cotton planting area will be 63.4 million mu, down 9.4 percent from the previous year, and the output will be about 6.5 million tons, 500000 tons less than the previous year. Among them, the area of the Yangtze River basin and the Huang-Huai-Hai basin decreased a lot due to the rise of production costs, the decline of the comparative benefit of planting cotton and the cancellation of the temporary collection and storage policy.

On the demand side, after the cotton price in the new year is formed by the market, it is expected that the difference between internal and external cotton prices will narrow, which will help to curb the substitution of chemical fiber and reduce cotton yarn imports, and cotton demand will also recover. The demand for cotton in the new year is expected to be about 8.5 million tons, an increase of about 500000 tons over the previous year.

It is understood that in 2013, under the influence of the international and domestic economic situation, the growth rate of domestic textiles declined and the demand for cotton decreased; international cotton supply exceeded demand, prices fell, and the price difference between domestic and foreign cotton was at a relatively high level. The state has maintained the smooth operation of the market by implementing the temporary collection and storage policy, timely putting in cotton reserves, and making reasonable arrangements for cotton imports. At the beginning of this year, the state launched a pilot project of cotton target price reform in Xinjiang, abolished the temporary collection and storage policy nationwide, realized that new cotton prices were mainly formed by the market, and gradually built a new cotton purchase and sale system.

Lien Weiliang demanded that we implement reform measures, explore a new cotton purchase and marketing system, strengthen cotton market and quality supervision, coordinate financial institutions to ensure the supply of funds for cotton purchase, and guide large cotton enterprises to play an exemplary and leading role. Step up the study and promulgation of the national cotton modern logistics development plan, strengthen the promotion of agricultural technology, and further improve the level of cotton yield per unit area? Consolidate and enhance textile competitiveness and do a good job in market guidance and regulation.