2011 National Cotton Situation Analysis Conference Held in Beijing on the 15th

On the 15th, the 2011 National Cotton Situation Analysis Conference was held in Beijing. Gao Fang, executive vice president and secretary-general of the China Cotton Association, predicts that the country's cotton output this year will be 7.38 million tons, an increase of 11% over the same period last year. At the same time, most of the major cotton producing countries in the world have a bumper crop, and supply is slightly higher than demand, and cotton prices have a certain downward pressure.

Gao Fang said that the enthusiasm of cotton farmers was increased due to the attraction of high cotton prices and high yields in the previous year, and the country's cotton planting area increased in 2011. According to the monitoring data of China Cotton Association, the national cotton planting area was 80.18 million mu in 2011, an increase of 4.1% year-on-year. According to a survey conducted by the China Cotton Association in August, it is expected that the national cotton production in 2011 will reach 7.38 million tons, an increase of 11% over the same period last year.

Although raw material prices fell, there was no significant increase in demand for raw materials in the downstream textile industry. The China Cotton Association believes that the growth rate of the textile industry in the new year will continue to slow down, and cotton demand is expected to remain at the level of the previous year, ie 10 million tons. From the international point of view, most of the major cotton producing countries in 2011 will see a large increase in cotton production, and the output will increase significantly. The demand will not change much. The relationship between supply and demand will improve significantly. The supply will be slightly greater than the demand, and there will be downward pressure on cotton prices.

The quotation of Weiqiao Textile Co., Ltd. has a significant sign in the cotton spinning industry. On the 15th, Wang Zhaoshu, the head of the company's raw material supply department, said that the sudden increase in the cotton price in 2010 had a severe impact on the entire cotton industry chain. Wang Zhaoduan offered to strengthen the supervision of the cotton market, increase cotton import quotas, and improve tax policies. Policy support suggestions such as reducing corporate burdens.

Zhang Xianbin, director of the Department of Trade and Economic Affairs of the National Development and Reform Commission, said that the 2011 cotton work mainly includes the implementation of collection and storage measures, rectification of the market order, safeguarding the supply of funds, ensuring the normal purchase and sale of enterprises, and advancing the reform of the cotton quality inspection system.

According to the new national annual cotton reserve plan, the market price fell below 19,800 yuan / ton to open storage. The China Cotton Association believes that there is a reserve policy for savings, and it is expected that the overall domestic cotton market will remain stable in 2011. According to the China Cotton Association, September 15 was already the fifth day of start-up. However, there was no transaction in the cotton purchase and storage plan. Analysts said this was related to the fact that Xinmian had not been listed on a large scale.