The National Development and Reform Commission answered reporters' questions on the pilot project of cotton price reform and market regulation (full text

The scene picture of the press conference.

At 9:30 on Monday, September 22, 2014, the National Development and Reform Commission held a press conference on "Cotton Target Price Reform pilot and Market Regulation" in the third floor conference room of the Central Distribution Building of the National Development and Reform Commission. Relevant responsible comrades of the National Development and Reform Commission attended the press conference and answered reporters' questions. The following is the transcript of the press conference (full text).

Wen Bugao:

Good morning, ladies and gentlemen. Welcome to the regular press conference of the National Development and Reform Commission. The theme of today's press conference is the pilot project of cotton target price reform and market regulation. I have invited two of my colleagues, Zhou Wangjun, Deputy Director of the Price Department, and Liu Xiaonan, Deputy Director of the Economic and Trade Department, to introduce to you the details of the pilot reform of cotton target prices and market regulation, and to answer questions raised by reporters. Now I would like to give a brief introduction to the general situation.

2014-09-22 09:04:16

Wen Bugao:

In the first eight months of this year, China's CPI rose 2.2% compared with the same period last year and fell 1.2% compared with the same period last year, and the monthly CPI increase was between 1.8% and 2.5%, and the overall price level remained basically stable. in view of this situation, the National Development and Reform Commission, in accordance with the arrangements of the CPC Central Committee and the State Council, made full use of the favorable opportunity when the price level was low to comprehensively regulate and control the combination of "release", "management", "construction" and "reform". Dozens of major price policies and reform measures have been introduced intensively and achieved positive results, one of which is in accordance with the requirements of the No. 1 document of the CPC Central Committee in 2014 and the deployment of the State Council. we launched a pilot project to reform the target price of cotton in Xinjiang, Northeast China and Inner Mongolia.

2014-09-22 09:22:37

Wen Bugao:

At present, all policies have been clearly defined, and the pilot reform work is progressing smoothly. There are mainly the following four aspects.

First, the target price level and the reform plan were released, and the target prices for cotton and soybeans for 2014 were announced in early April and late May, respectively. the target price level is 19800 yuan per ton and 4800 yuan per ton, respectively, and the "Cotton Target Price Reform pilot Program" was issued in July, providing guidance for the formulation of specific work implementation plans in the pilot areas.

Second, a scheme for market price monitoring has been formulated. In July, our committee, together with relevant departments, studied and formulated the "implementation Plan for Cotton Market Price Monitoring in Xinjiang", defining the price monitoring indicators and the specific division of tasks. Since September 1, Xinjiang cotton market price monitoring has been officially launched.

Third, it has approved the specific implementation plan of Xinjiang, and with the approval of the State Council, last week, our committee approved the "pilot implementation Plan for Cotton Target Price Reform" of the Xinjiang Autonomous region and the Xinjiang production and Construction Corps. The Xinjiang Autonomous region and the bingtuan have also determined different ways to distribute subsidies in the light of their own reality, and the specific contents of the plan will be announced to the public as soon as possible by the Xinjiang Autonomous region and the Xinjiang production and Construction Corps.

2014-09-22 09:25:57

Wen Bugao:

Fourth, it studies and puts forward the regulation and control measures of the cotton market in the new year.

The implementation of the target price system is a major mechanism innovation to improve the price grid and market regulation mechanism of agricultural products in our country. since the launch of the pilot project, the planting area of cotton in Xinjiang has been relatively stable, and the price gap between domestic and foreign cotton and soybean markets has gradually narrowed. Enterprise confidence and market vitality are also gradually strengthening. From the point of view of the cotton price difference inside and outside the new year, it is expected to narrow to a reasonable range, which will help to curb the substitution of chemical fiber and reduce the import of cotton yarn. Domestic cotton demand is expected to stabilize and pick up. In the next step, our committee, in conjunction with relevant departments, will sum up the experience of the pilot reform, improve relevant policies and measures, comprehensively take measures such as import and export and reserve regulation to do a good job in market regulation and control, and maintain the smooth operation of the market. to create a good market environment for the pilot project of target price reform.

This is the end of my brief introduction to the overall situation. Next, I would like to ask all the journalists here to ask questions and explain the media that represent you when you ask questions.

2014-09-22 09:29:33

Reporter from the news agency:

What is the trend of international and domestic cotton producing areas and prices this year?

2014-09-22 09:31:00

Zhou Wangjun:

First of all, on behalf of the Price Department of the National Development and Reform Commission, I would like to thank all the new and old friends for their long-term relationship and support for our price work. We have cooperated very well in recent years, which is very helpful to our country's price work. The trend of international and domestic cotton prices this year is divided into two aspects: first, domestic. Xinjiang's new cotton has begun to appear on the market, we monitor the market price of seed cotton, is not pressed before, the current price is 3.3yuan per jin, there is a quality gap, some good and bad, not every one is sold at 3.3.3yuan, so the price of lint is more than 14000 yuan a ton, this is the current domestic situation. The second is international. The price of lint in the American futures market last week was 11800 yuan. There is still a certain price gap between domestic and international lint prices, and we initially expect that the next trend will be relatively stable, the cotton prices in the international market may not decline significantly, and the domestic cotton prices may have to stabilize at the current level, or fluctuate up and down around the current level of 3.30 yuan or 14000 yuan.

2014-09-22 09:31:20

Reporter from the Economic Daily:

I would like to ask the question of cotton price subsidies, this time this year or the next few years will continue to make up, cotton price subsidies through what ways can be issued to cotton farmers?

2014-09-22 09:33:54

Zhou Wangjun:

With regard to the subsidy of the target price to cotton farmers, we should first talk about the mechanism of the operation of the target price, and subsidy is the ultimate way of expression. What is the mechanism by which we involve the target price? The most fundamental thing is that the price of cotton should be determined by the market. In this process, we set a target price according to farmers' planting costs plus basic income. According to this principle, the target price of cotton in Xinjiang this year is 19800 yuan per ton. At present, the domestic cotton is 14000 yuan, and the price difference between 19800 and 14000 is 5800 yuan per ton, which is the amount we should subsidize to farmers this year. Of course, whether the final market price is 14000 yuan or 15000 yuan, we have to calculate the actual price according to the average price of cotton sold by farmers in September, October and November. the gap between the target price and the actual price is the amount of subsidy we should pay to farmers. Only after we have made this clear can we return to your question. Is this subsidy issued annually? when the market price is lower than the target price, the difference is given to farmers, and when the market price is higher than the target price, the state does not issue subsidies. This is the important difference between our current target price system and the previous temporary collection and storage policy.