Cotton Industry Needs Long-Term Mechanism Of Stable Development

Building a long-term mechanism for the stable development of cotton industry

As China's cotton production is facing many restrictive factors, with the global economic recovery, the textile industry will continue to improve, and cotton consumption demand will continue to grow.

Therefore, it is estimated that cotton supply and demand will continue to be tight in the next two to three years, and domestic cotton prices will be running at a high level.

Therefore, those who take part in the survey believe that the long-term mechanism for the stable development of the cotton industry must be constructed from the following aspects so as to prevent the cotton prices from rising again and again.

First, continue to increase support for cotton production.

We should constantly increase input in cotton R & D, continue to promote the establishment of High-yielding Cotton production activities, improve the yield per unit area through the improvement of varieties and cultivation techniques, speed up the trial production and extension of cotton harvesting machinery, and select the areas with better natural conditions to carry out the mechanization demonstration of cotton production, improve the subsidy standard for cotton varieties, explore the comprehensive subsidy for agricultural production, and pay attention to maintaining the balance of cotton and grain comparative benefits.

Two, we should further improve the means, mechanisms and methods of state control.

We should protect cotton farmers' income as the primary goal, compare the price of grain crops and grain and cotton prices, and launch the policy of minimum purchase price for cotton. We should constantly improve the regulatory mechanism, summarize the experience of regulation and control, and grasp the timing, rhythm and intensity of regulation.

Three is to enhance the government's data and information services capabilities.

We should vigorously develop the monitoring and early warning system for cotton production, strengthen the collection and dissemination of information related to cotton production, such as planting intention, inventory, crop growth and weather, and unify the data dissemination requirements of the ministries involved in cotton, and improve the timeliness, continuity and stability of information release, thus enhancing its influence and authority on the market.

Four is to strengthen the supervision of the cotton futures market.

It is necessary to monitor the cotton futures market pactions and capital movements in real time, and build a monitoring and early warning system for excessive speculation in the futures market. In order to curb excessive speculation, we must take measures to expand the price limits and raise the margin ratio in the case of large fluctuations in prices and changes in fund volume.