The Inventory Of Cotton Reserves In China Has Created A History

According to the Director of Cotton and Hemp Bureau of All China Federation of Supply and Marketing Cooperation China Cotton Association Gao Fang, the executive vice president, said that in the three years from 2011 to 2013, China had collected and stored 16.43 million tons of cotton, and put 6.91 million tons of cotton into storage. In 2015, the stock of cotton reserves exceeded 11 million tons. According to the statistics of the U.S. Department of Agriculture, the stock of cotton reserves in China has reached more than 50% of the world. According to the statistics of the US Department of Agriculture, China's cotton reserve stock accounts for more than 50% of the world's total, which is known as the "daily inventory".

There are many factors for this result. In the past few years, the decline in cotton quality and high cotton prices, coupled with the rapid development of chemical fiber industry, have reduced the use of cotton to varying degrees.

Gao Yong analyzed that during the "12th Five Year Plan" period, the average annual growth of China's fiber consumption exceeded 5%, almost relying on chemical fibers. Moreover, since 2012, China's textile and clothing exports have declined first from Cotton fiber The negative growth of cotton related products began.

Gao Yong, vice president and secretary-general of China Textile Industry Federation, said that from the perspective of the world's total fiber consumption, it was about 95 million tons in 2015, of which the proportion of cotton fiber decreased in 2015 compared with 2011. In 2015, the world's cotton consumption accounted for less than 30% of the total fiber consumption Cotton consumption The proportion of cotton in the total fiber consumption of China is lower, only slightly higher than 13%, which means that the proportion of cotton in the total fiber consumption of China is only half of that of the world.

Gao Yong believes that the decline in cotton quality is also the main reason for the decline in cotton consumption. "In the past few years, while focusing on improving the output, we have indeed lowered the requirements for some quality indicators. The cotton fiber has become thicker, and the number of fibers above 28 mm has become less and less. However, the spinning industry has increasingly high requirements for fiber, and the contradiction between supply and demand continues to emerge, leading to a decline in cotton flower consumption."