The Malpractice Of Cotton Purchasing And Storage Policy Highlights The Trend Of The New Policy.

< p style= "text-align: center" > img border= "0" alt= "align=" center "src=" /uploadimages/201308/06/20130806025031_sj.JPG "/" < < > >

< p > 2011, after the roller coaster market with the cotton price rising and falling, the < a href= "http://sjfzxm.com/news/index_q.asp" > cotton purchasing and storage policy < /a > should be timely.

Now that the time has passed 3 years, this policy has been playing a stabilizing role in cotton prices, while many of its ills have also been exposed.

First of all, intervention in the market is excessive, resulting in the weakening of the market mechanism. Cotton spinning enterprises can not get the cotton with high quality and low price. Some people make use of the difference between high and low prices to start the cotton spinning business. Secondly, the quota management system of imported cotton that is matched with the purchasing and storage policy is restricting the influx of low price foreign cotton. At the same time, due to the existence of interest space, quota scalping is already the underlying rule of the industry.

Finally, the funds for the storage and purchase are from the loans of the agricultural development bank. The difference between the purchase and storage and the storage is subsidized by the Ministry of finance.

The huge cost of collecting and storing cotton has brought heavy pressure to the national finance.

Many shortcomings are highlighted, and the introduction of the new policy is the general trend.

< /p >

< p > < strong > brewing direct subsidy policy < /strong > /p >

< p > Gao Yong, vice president of the China Textile Industry Federation, counted out an account. In the 2011/12, it received 3 million 130 thousand tons of storage, and the purchase and storage price was 19800 yuan / ton, which cost 61 billion 974 million yuan. The storage and purchase price in 2012/13 increased to 20400 yuan / ton, and the total storage capacity reached 6 million 500 thousand tons, which cost 132 billion 600 million yuan, and the total storage capacity of 9 million 630 thousand tons in two years. The total cost was 194 billion 574 million yuan.

"The cost of receiving and storing funds comes from the loans issued by the Agricultural Development Bank, and the difference between the purchase and storage and the storage is subsidized by the Ministry of finance.

The cost of collecting and distributing the storage price plus warehousing, management, personnel and so on is about 3000 yuan per ton of cotton and 10 million yuan per ton, which is 30 billion yuan.

If we use direct subsidy policy, we may only need to spend 1/3 or less, so that we can achieve the goal of protecting cotton farmers and stabilizing the market. "

Gao Yongru said.

< /p >

< p > Gao Yong said that China's existing cotton policy, whether imported cotton quotas, sliding tax or storage, is starting to protect the interests of cotton farmers.

However, during the past few years, cotton farmers' interests have not been effectively protected. Most of them are processed cotton linen instead of seed cotton, and most of the benefits are obtained from the intermediate links between embossing plants and cotton marketing enterprises.

In addition, due to the high cost of raw materials, some a target= "_blank" href= "http://www.91se91.com/" > textile < /a > has been greatly damaged by enterprises.

< /p >

"P", according to reporters, the state's top leaders have declared that "the current cotton purchase and storage policy can no longer continue."

Relevant departments such as the national development and Reform Commission, the Ministry of Finance and the China Textile Industry Federation are investigating the direct subsidy policy. The pilot is expected to start in the second half of the year, or will be formally promoted next year.

However, at present, there are still scattered areas and unclear areas. How to ensure that direct subsidy funds can eventually be subsidized to farmers' hands and so on? In the way of subsidies, whether or not they are selected according to Mu supplement or quantity, there is no final opinion yet.

"Direct subsidy policy should be implemented at the earliest and a year later. At present, the competent authorities are studying the details of the policy, and the next step may be a pilot project, which may be promoted in a year.

Xinjiang is one of the most popular pilot areas that we recommend.

Gao Yong said.

< /p >

< p > textile industry senior expert Wang Qian analysis said that if in the current international market downturn, the adjustment of temporary purchase and storage policy will be substantially adjusted, the cotton price may fluctuate greatly, and the risk and pressure of the whole textile industry chain may be greater. Therefore, the implementation of the 2013 cotton temporary purchase and storage plan (September 1, 2013 to March 31, 2014) should not be further adjusted. It should be adjusted for the 2014 cotton purchase and storage policy.

The policy of purchasing and storage is not necessarily abolished, or will be used in parallel with the form of direct subsidy to cotton farmers.

< /p >

< p > < strong > finally, for marketization < /strong > < /p >.

< p > collection and storage, instead of direct subsidy, only subsidies to seed households, instead of directly controlling the supply and cotton price of < a href= "http://cailiao.sjfzxm.com/Matertial/show/default.aspx" > cotton < /a >.

According to the analysis of the industry, cotton growers get subsidies directly, planting enthusiasm is high, planting area may expand in the future, and the supply of cotton will also increase, and the market price will go down.

< /p >

< p > Zhang Hongzhou, general manager of the Cotton Industry Department of China Galaxy Futures Company, said that if the cotton policy is changed directly from reserve to storage, the domestic cotton price will gradually return to the market and be in line with the international cotton price.

After "direct subsidy", domestic cotton prices will gradually return to the market and integrate with the international cotton prices.

Under the combined effect of various policies in China, cotton prices in the future should slow down. "

Zhang Hongzhou believes that since the cotton production in the mainland accounts for less than 40% of the cotton output and the grade is low, even if the growers get subsidies before planting next year, the cotton price will not come overnight, but a long-term process.

< /p >

< p > for the direct subsidy policy, Chen Jing, a futures analyst at CSI, thinks that it is not the best solution. The textile industry can not enhance its competitiveness through price war, but also needs technological research and development and brand building.

In addition, from the experience of developed countries such as the United States, market problems are solved by market means.

Chen Jing said that enterprises should have a sense of risk control and can avoid certain market risks by means of financial instruments.

"We advocate direct subsidy policy in order to break the current system and achieve more marketization.

Direct subsidy policy is not the best regulation policy. "

Gao Yong said that the ultimate way out for China's cotton industry is to step out of the small-scale farming mode, scale up, mechanization and industrialization, improve the quality of cotton and enhance the international competitiveness of the enterprises.

< /p >