Cotton Price Upside Down Restricts Industry Development, Industry Transformation, And Opens Up New Space.

　　 China Textile Alliance Wang Tiankai: cotton price upside down restricts the development of textile industry

Wang Tiankai, President of the China Federation of textile industry, said at the 2014 China Textile annual Innovation Award Forum that despite the implementation of direct subsidy measures by the state on the new listing of Xinjiang cotton in 2014, the national cotton reserves with huge volume still need to be digested. The difference between domestic and foreign cotton prices will remain at 3000 yuan / ton, and cotton price upside down will restrict the development of the textile industry. Textile industry The indicators were unchanged from last year.

Influenced by raw materials and other factors, China Textile and clothing Industry growth slowed down. Last year, the industrial added value of textile enterprises above designated size increased by 7% over the same period last year, and the growth rate was 1.3 percentage points lower than that of the previous year. The growth rate of textile and clothing exports continued to decline.

Among many factors restricting the development of the industry, the high cost of raw materials is the most prominent. Take cotton as an example, international cotton prices fluctuate according to market demand and supply, while domestic cotton prices are still affected by national cotton reserves and import quotas. This resulted in the spread of cotton prices at home and abroad. Recently, the survey of China Textile Federation showed that domestic cotton prices were on average higher than 30% of the international market since 2014.

China Textile Federation recommends that the state should National cotton reserves The disposal of the imported cotton is gradually studied, and the quota of imported cotton is gradually liberalized, so as to speed up the circulation of domestic cotton and make it gradually marketable. "Similarly, the industry needs to transform itself and open up new space." Wang Tiankai said.