Market Demand Is Sluggish. The State Reserves Large Quantities Of Cotton.

< p > "high yield is not abundant, but yield reduction will result in a bumper harvest."

Such proverbs are suitable for the two varieties of "a href=" //www.sjfzxm.com/news/index_c.asp "cotton > /a" and "white sugar".

Faced with the pressure of high yield, despite the huge space of national storage and purchase, the market demand of a href= "//www.sjfzxm.com/news/index_s.asp" is weaker than that of /a.

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< p > according to the latest announcement issued by the national development and Reform Commission yesterday, the first batch of national temporary sugar storage and sugar project in 2012/2013 was officially launched.

The Beijing mercantile reserve commodity exchange will collect and store 800 thousand tons through the open auction in December 27th. In January 22nd, it will store and store 800 thousand tons, and the purchase and storage price will be 6100 yuan / ton.

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< p > hyped up for half a year, sugar storage and storage finally settled, but the trend of sugar futures, which has always been "foresight", is unexpected. The 1305 contract of sugar main force yesterday closed at 5512 yuan / ton, slightly down 0.05%.

Statistics show that the price of sugar in Guangxi has dropped from 6800~6900 yuan / ton at the beginning of last year to the current 5600~5700 yuan / ton, less than 1200 yuan / ton in less than a year.

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< p > even if it is down 1200 yuan / ton, it is also the expectation that the sugar market will survive the entire production squeeze period.

From the start of the national sugar factory, the supply of new sugar has been increasing gradually.

By the end of last week, 173 sugar factories had been squeezed in the country. The main sugar producing plant in Guangxi province has basically been put into operation. In the other main producing area, Yunnan, as of December 21st, 11 sugar factories had been squeezed, accounting for about 15% of the total sugar production line of Guangxi sugar factory and 40 thousand tons / day of production capacity.

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< p > obviously, after the Spring Festival, the peak of squeezing and the off-season of traditional sales will be the real test of sugar market, especially the anticipation of storage and market pressure.

The demand driven growth in the spot market is still more difficult. It is still the main problem of every sugar factory. As far as possible, more sales have become the main demand of a href= "//www.sjfzxm.com/news/index_cj.asp" > Sales < /a >.

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< p > the same situation occurs not only in white sugar but also in cotton.

According to the announcement issued recently by China cotton storage information center, as of December 21st, China's reserve cotton management company 2012/2013 has acquired a total of 4 million 852 thousand tons of temporary storage and storage of cotton, of which the total amount of collection and storage has increased to 3 million 653 thousand and 800 tons, and the total purchase and storage of major contracts has increased to 1 million 198 thousand and 100 tons.

Among them, the total amount of collection and storage has been collected by the mainland for 1 million 455 thousand and 200 tons, and Xinjiang has collected 2 million 198 thousand and 700 tons.

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Under the huge inventory of P > 5 million tons, the storage capacity of the central storage cotton is tight, and the market is expected to increase. The weakness of the market is quite inspiring from the trend of the 1301 contract of Zheng cotton.

As of yesterday's close, cotton 1301 contract closed 20020 yuan / ton, down 835 yuan / ton, with a decrease of 4% down, and this day, there are 5 trading days from the delivery month.

Prior to that, the 7 consecutive trading days rose sharply, from 1000 yuan / ton to 19800 yuan / ton, and then to the limit of trading yesterday, the sharp fluctuations in a short period of time, behind the reflection of the long counter trend and the ultimate failure.

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< p > although the market supply and demand balance is obviously biased towards supply, the characteristics of cotton and sugar as agricultural products can not be ignored, especially when the central rural economic work conference proposes to raise farmers' income level as the focus of work.

In recent years, under the background of rapid growth in agricultural production costs, rising prices of agricultural means of production, agricultural land rents and financing costs, the comparative efficiency of agriculture has continued to decline. Guaranteeing the minimum purchase price of agricultural products will become the bottom line of policy in fact.

In addition, the increasingly normalization of bad weather will also test the future of agricultural products.

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