Development And Reform Commission: 2012 Cotton Import Quota 894 Thousand Tons

2011/9/26 10:23:00 33

Contradiction Between The NDRC And The National Development And Reform Commission

Recently,

National Development and Reform Commission

The quota of import and export quotas for grain and cotton in 2012 was announced, of which cotton quotas amounted to 894 thousand tons, and the quota has remained unchanged since 2004.

Ningbo customs statistics show that in 1-7 months of this year, Ningbo Port imported 21 thousand tons of cotton, 51.6% less than the same period last year, and the import amount was 74 million 170 thousand US dollars, down 0.6%.

In terms of unit price, the average import price is 3535 US dollars per ton, 1.1 times higher than the same period last year, and also higher than domestic cotton price.

The high price is an important reason for the rapid reduction in the number of imported cotton since the first half of the year.

Domestic cotton production is in the new year.

Foregone conclusion

According to the latest forecast data, domestic cotton output in 2011/12 is expected to reach 7 million 403 thousand tons, consumption is 10 million 15 thousand tons, and domestic gap is about 2 million 600 thousand tons.

But there is no improvement in downstream market consumption, and supply and demand in the global cotton production environment.

contradiction

It is hard to become the focus of market speculation again.