From the National Development and Reform Commission, Ministry of Finance, the Ministry of Agriculture 7, and other departments jointly held a national teleconference on work in the cotton learned that although China’s annual cotton production in 2008 and is expected to basically the same as last year, textile production and export growth may slow down , The growth in demand for cotton will be reduced cotton production and demand gap will not be significantly expanded, but taking into account the textile industry will continue to grow, the demand for cotton in the new year, will continue to grow. The tightening of the international cotton market is expected in the new year may be exacerbated by the international cotton price fluctuations.

The meeting said that as the operating difficulties of the textile industry, cotton production costs and new acquisitions in the early cotton farmers may be Hard Trading in a Dream, companies wait-and-see stand-off. For the stability of the cotton market, to protect the interests of cotton growers, cotton textiles to meet the needs of the regions and departments should conscientiously do a good job in the new cotton year, the objective of China’s cotton production and marketing information of the situation, guide enterprises to actively intervene in the market to buy cotton, cotton farmers sell cotton positive. Agricultural Development Bank at all levels should play a cotton supply of funds as the main channel to prevent the emergence of cotton, “Da Baitiao”. At the same time, relevant departments should give full play to the role of regulation and reserves, according to market conditions in a timely manner or throw Shouchu Reserve, the cotton price to keep stable.

According to the National Cotton Market Monitoring System survey, by the end of August as the National Cotton lint corporate average selling rate of 92.5 percent, year-on-year decline of about 5 percentage points. It is estimated that by the end of August have not yet sold Guo Chanmian 500000-600000 t, Xinjiang 200000-300000 t.