Recent cotton prices hit a record high, make constant by the cotton market supply and demand particularly noticeable. ZhangXiaoJiang, deputy director of the national development and reform commission on September 27 national teleconference on cotton work that is in China by 2010, annual output slightly reduce cotton, cotton, despite the slow growth of domestic demand is bigger than last year ChanXu cotton gap.
The meeting noted that China will take measures to keep cotton supply basic balance and promote the stable development of cotton production.
Cotton ChanXu gap year than
According to department chief economist, ChenMengShan director general introduction of agriculture, the cotton planting area is expected this year, 74 million mu year flat. ZhangXiaoJiang based on the main points in the first half of this year, the common cotton, cotton, overall retardation is poor in recent year, and parts of severe weather on cotton growth also have certain effect. By 2010, the climate affected 2005 showed large listed to the middle of October, more than 10-20 days perennial delay, if the weather is expected to total normal, late year-on-year slightly reduced.
But domestic cotton demand growth will continue. ZhangXiaoJiang thinks, because the world economy is expected to rise by 2010, a trend of China's textile exports annual growth will remain the situation of domestic demand, textiles, but by rising labor costs RMB appreciation, the influence of factors, textile production and export growth may be slow. Overall, cotton demand will continue to increase, but growth will slow down, domestic cotton ChanXu gap is slightly bigger than last year.
Several measures to ensure supply of cotton
To guarantee the cotton market supply work, meeting decided by 2010, the annual throughput regulating plan will reserve, coordinating XinJiangMian marketing, timely release 2011 cotton import quotas, give full play to the large circulation in the country backbone enterprises under the guidance of market regulation and stable.
Meeting demand in real earnest work 2005 showed marketing and risk prevention, strengthen the propaganda, stable market expectations, guide JiaoShou cotton, cotton cotton growers positive market; enterprise rational Various agricultural development bank will continue to support the cotton purchase, sale, enterprises quicken loans to supervise and ensure the safety of fund Local authorities should strengthen the market, and stern malicious hoarding, price-gouging.
In order to strengthen the market and quality supervision, inspection and meeting requirements according to Commerce Department, regulating the crackdown on illegal circulation of cotton, Each link to pay out across different fibers, ensure acquisition and processing quality cotton.
To support the development of cotton production, the conference will continue to improve the cotton production conditions, expand regional advantages, and to raise cotton acreage of cotton yield and quality.
MianJia inflation risks hidden
By 2010, because ZhangXiaoJiang annual international cotton initial inventory reduction than last year, though the supply and demand in 1 million tons last year than improved, but remained in tight equilibrium, Domestic cotton from large listed there for a period of time, the future remains uncertain weather, it can lead to a market prices and speculation abnormal fluctuations.
In fact, since September, cotton prices have soared start crazy. According to ZhangXiaoJiang introduction, mid-september, the international market MianJia than late July rose 30%, the domestic market MianJia rose 12%, already close to record highs. Therefore, ZhangXiaoJiang remind, MianJia short-term rises, contains too excessively large market risk, a demand fundamentals are from rising unsustainable, 2 it is difficult to digest and downstream is replacing part of the cotton fiber may demand.

"Chinese textile net source."

Editor: lara