China Cotton Association: Objective And Rational Response To &Nbsp; Guard Against High Risk
At present, affected by the relationship between supply and demand and bullish psychology,
futures
The price of the new cotton seed sporadic cotton is over 8 yuan / kg, and the New York futures price has reached the highest level in the past 15 years.
In September 13th,
China Cotton Association
The two three Executive Council was held to analyze this year.
cotton
Production and sale situation.
The delegates generally agreed that the cotton area is basically flat this year, and the output will probably decrease slightly compared with the previous year, due to climate and natural disasters.
At present, the textile situation has improved over the 7 and August off-season, and the demand for the new year is expected to continue to increase and the gap will be enlarged slightly.
At present, cotton price is a reflection of normal supply and demand relationship, which is conducive to increasing cotton farmers' income and stabilizing cotton planting area next year, but high cotton price means bringing high risks to cotton enterprises and textile enterprises.
In the face of the "double high" situation in the new cotton market, delegates thought there were still many uncertainties in the late market, such as RMB appreciation, Europe and America.
Economics
Situation changes and green trade barriers should be "sober analysis, rational response and risk prevention".
At the same time, we should also note that although China's output may be slightly reduced, according to the September ICAC, the United States, Uzbekistan, Brazil and India will increase 52%, 25%, 27% and 13% respectively in 2010, and the world's cotton output reaches 25 million 110 thousand tons, up 15.4% over the previous year, and the global consumption is 25 million 70 thousand tons, and the overall balance of supply and demand in the international market.
Therefore, most delegates think that the price of seed cotton scale is 7.6-8 yuan / kg this year, and the selling price is reasonable at about 18 thousand / ton, which is beneficial to the three sides of agriculture, industry and commerce.
On the morning of September 15th, the national development and Reform Commission convened the relevant departments to convene a joint meeting of the national cotton macro-control, analyzed the supply and demand situation this year, and studied the measures to stabilize the market.
It is not possible to extend the quota for the import of cotton quotas this year and advance the quota for next year.
China Cotton Association reminds all parties in the industry to pay close attention to the change of cotton production and textile situation at home and abroad, dispassionate analysis, rational response, do not follow the trend of speculation, and guard against operational risks.
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