The Second Half Of The Year To Introduce Cotton "Bottom" Policy Is Expected To Be Strong.

In the cotton season of < p > 2014/2015, China will implement the Xinjiang cotton target price direct subsidy pilot policy, no longer carry out the temporary purchasing and storage policy, and the cotton price will be determined by the market.

But many market participants told reporters that if cotton prices continue to fall, the state may still launch the "bailout bottom" policy.

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< p > a leading cotton trader told reporters that although there is still no clear policy signal, it believes that the state may launch a relevant "bottom up" policy, which said: "if the country does not have relevant policies, the domestic cotton price may fall to 14000-15000 yuan per ton."

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< p > because WTO "yellow box" policy stipulates that agricultural price subsidies, investment subsidies and investment subsidies must not exceed 8.5% of the annual gross agricultural output value.

According to the calculation of cotton production in Xinjiang, some market organizations believe that the domestic cotton price of 16800 yuan per ton will be the bottom of the Chinese government's "rescue the market" policy.

Otherwise, according to the current pilot policy of 19800 yuan per ton cotton price target in Xinjiang, China's Cotton Subsidy quota in 2014 will probably exceed the WTO regulations.

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< p > but people familiar with the matter told reporters that "a href=" //www.sjfzxm.com/news/index_c.asp "Xinjiang" /a "cotton target price direct subsidy pilot policy will be implemented after the" way of subsidies ". Therefore, the subsidy settlement, including subsidies and other ways of maintaining greater elasticity, the bottom is not clear.

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< p > more than a href= "//www.sjfzxm.com/news/index_c.asp" > cotton < /a > traders told reporters that if the state promulgated the relevant "underpinning" a href= "//www.sjfzxm.com/news/index_c.asp" policy < /a >, it may not be too late, it may be listed in the domestic cotton market in 8 and September.

At the same time, India cotton will also be concentrated around October. Cotton prices at home and abroad will be under pressure and fall at this stage.

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< p > as for the "bottom up" policy constitution, relevant people said that the state has many means of operation, such as the market participants of many parties enter the market and purchase cotton in large quantities, including state-owned enterprises entering the market.

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< p > if the relevant policies are implemented, 2014/2015 cotton season, China will actually implement the direct subsidy of cotton and part of the purchase and storage of "merger" policy.

In mid 2013, an authoritative institution with a certain influence on the domestic cotton policy told reporters that in 2014, China will probably implement the policy of "merging".

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< p > a mainstream cotton producer and trader in Xinjiang told reporters that according to the current market and policy trend, the actual cotton inventory in China will reach 20 million tons in the second half of the 2014/2015 cotton season, which is close to the annual cotton consumption in the world.

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< p > NDRC stakeholders told reporters that at present, the NDRC has not yet studied whether the price of cotton will be adjusted, and the current price and policy will continue until September.

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