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    China Cotton Situation Monthly Report: Cotton Farmers' Cotton Planting Intention Further Reduced

    2014/3/31 22:44:00 16

    China MarketCotton SituationCotton Planting Intention

    The temporary storage and purchase of < p > 2013 is coming to an end. According to the actual number of warehousing and storage and further verification, the disaster degree of some cotton areas in the Yangtze River Valley is lower than originally expected. The cotton association of China adjusted the cotton output in the 2013 from 6 million 770 thousand tons to 7 million 1 thousand and 700 tons, and the same caliber ratio decreased by 9.44%. Meanwhile, the third 2014 cotton planting intention survey showed that the a href= "http://www.91se91.com/news/index_c.asp" > cotton grower < /a > cotton planting intention decreased further, and the cotton planting area was expected to drop to 10.5%. < /p >
    < p > February is in the Spring Festival holiday, < a href= "http://www.91se91.com/news/index_c.asp" > market buying and selling < /a > generally low, prices remain stable basically. After the Spring Festival, cotton seed and cotton sales resumed gradually. As of the end of February, the average sales progress of the national cotton growers (the ratio of sales to production) was 96.5%, an increase of 0.1 percentage points over the same period, of which the Yellow River basin was over 80%, and the Yangtze River valley was all over. In most areas, cotton enterprises have stopped buying, and only a few enterprises in Shandong, Hebei, Henan and Anhui are still acquiring. The price is related to quality and quantity, but the rate of change is not large. The average purchase price of the standard grade seed cotton of the 400 type enterprises in China is 8.32 yuan / kg, down 0.2%. < /p >
    < p > > a href= "http://www.91se91.com/news/index_c.asp" > storage cotton > /a > release and storage. Affected by the reduction in the number of acquisitions, the volume of purchases and storage declined sharply. Textile enterprises started to start production, and the number of spanactions was increased. By the end of February, the total number of temporary storage and storage in 2013 was 5 million 940 thousand tons, with a total turnover of 595 thousand tons. Due to the readjust policy of the cotton reserves, the details of the new year policy have not yet been clearly defined, and there is a risk of falling prices. The textile enterprises are mainly on the sidelines, and are not in a hurry to purchase. The number of imported cotton decreases, and the spot market is very few, and the inventory remains low. The price is relatively stable. < /p >
    < p > China's cotton price index (CCIndex3128B) averages 19455 yuan per ton per month, which is basically flat. By the end of February, the total turnover of commodity cotton turnover in China was 300 thousand tons, which was basically flat. In February, China imported 250 thousand tons of cotton, a decrease of 16% compared to the same period, a decrease of 35% over the same period last year. < /p >
    < p > by the influence of Spring Festival, the growth rate of main indexes of textile industry has dropped compared with that of last year, and the export amount has declined sharply. According to the National Bureau of statistics, the output of national yarn was 5 million 150 thousand tons in 1-2, an increase of 5.3% over the same period last year. In February, China's textile and apparel exports were US $10 billion 900 million, down 62%, down 34% from the same period last year. Textile enterprises have stepped up sales efforts, but sales are still sluggish and prices are falling. < /p >
    < p > China Cotton Association carried out the third cotton planting intention survey in early March to cotton growers. Due to the worry of cotton farmers in the mainland that there was no subsidy, Xinjiang cotton farmers worried that the subsidy intensity was not large, and the intention of planting cotton increased somewhat earlier than before. It is estimated that the average planting intention of cotton growers will be reduced by 10.5%, and the decrease will be 1.6 percentage points higher than the previous one. < /p >
    The temporary purchase and storage of P in 2013 is coming to an end. In order to ensure the use of cotton for textile enterprises in line with the new year market, the departments concerned have decided to adjust the relevant policies of cotton reserves since April 1st, including no longer limiting the number of enterprises purchased and the auction price being reduced to 17250 yuan / ton. < /p >
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