The Government Stopped Purchasing And Storing Projects, Causing China'S Cotton Output To Decline Sharply.

< p > > the world's < a target= "_blank" href= "//www.sjfzxm.com/" > clothing < /a > a target= "_blank" href= "_blank".

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< p > according to foreign news on August 1st, XiJin, a management member of China cotton net under the China cotton company, said that China's cotton output had dropped by 24%, as the government stopped its purchase of cotton from farmers.

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< p > China is the world's largest "a href=" //www.sjfzxm.com/news/index_s.asp "cotton < /a" consumer country.

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< p > he said that the current policy makers did not say how to keep cotton growing in central and eastern regions, because the new policy covers only the main cotton producing areas in the northwest of Xinjiang.

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Less than P, he said, it is expected that China's cotton output next year will drop to about 5 million tons, lower than the estimated 6 million 600 thousand tons this year.

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< p > he said that Chinese officials said they would try a direct subsidy system for cotton farmers in Xinjiang and replace the previous cotton purchase and storage projects supported by government funds.

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< p > but the government has not indicated what measures will be taken to the cotton farmers in the inland areas and whether the direct subsidy system will be extended to the inland areas.

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< p > this means that if you are not a cotton grower in Xinjiang, you'd better think about whether to grow grain or other crops because the new policy is directed at cotton growers in Xinjiang.

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Cotton futures fell 1.8% to 62.87 cents per pound on Thursday (P > ICE12). Cotton futures this week or recorded the largest weekly decline in more than 50 years, with signs that global demand for cotton will grow less than supply.

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P, a commodity consultancy in Beijing, said that although mainland officials may also encourage farmers to grow cotton and provide partial subsidies, at least for now, there is no need to subsidize cotton farmers outside Xinjiang from the perspective of the central government.

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< p > he said that the government stopped the cotton purchase and storage this year, which has actually reduced the sowing area.

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China's cotton planting area decreased by 12.5% to 4 million 200 thousand hectares over the previous year, according to the data released by P cotton net.

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Last year, half of the 6 million 800 thousand metric tons of cotton produced by the Chinese government came from Xinjiang, P.

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P also predicted that China's cotton imports will also decline this year, despite the decline in domestic production because the government is auctioning 10 million tons of cotton reserves.

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According to the data released by the US Department of agriculture (P), China's cotton stocks account for more than half of world cotton inventories.

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From P last September 1st to July 28th this year, China has sold 2 million 200 thousand tons of cotton stocks.

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< p > data show that China imported cotton in the first half of this year by a sharp reduction of 42% to 1 million 400 thousand tons.

China controls cotton imports through import quotas.

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< p > the Chinese government has indicated this month that it will raise 20 billion yuan of funds to help the Xinjiang area to develop the "a target=" _blank "href=" //www.sjfzxm.com/ "textile" /a "industry.

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