The Cotton Research Institute, National Cotton Industry Technology System and Public Welfare Industry Cotton Research Group have pointed out that the China Cotton Production Prosperity Index (CCPPI) for 2011/2012 is 250-300, down by 50 points. It is forecasted that the economic direction of the cotton industry will be a “consumption highâ€. Flat or declining, the area expanded moderately, imports were flat or declining, and prices were high down." The entire cotton industry scenario was more severe and complex than the financial crisis, with the severe shortage of resources as the top priority. It is forecasted that this year will be the turning point for the end of the "golden period" of the textile industry. A group of cotton spinning companies had to suspend or close down. The cotton spinning output of 27.17 million tons may be a historical peak. The investment and transfer of the cotton spinning industry need to be cautious.
I. Strong consumption; cotton yarn production, textile and apparel exports and domestic demand all show a two-tenths increase, and cotton yarn production double-digit growth. In 2010, cotton yarn production volume was 27.717 million tons, an increase of 13.5% year-on-year, 50% cotton use and 13.5 million tons of cotton. The industry believes that "under the pressure from many parties, cotton spinning continues to improve." Both production and sales are the main reasons: In 2010, exports of textiles and garments totaled 206.53 billion U.S. dollars, a year-on-year increase of 23.6%. The total domestic retail sales of garments maintained a growth rate of 24.8%, and in particular, the increase in per capita income of farmers led to rural consumption.
2. The area is flat, and the yield and total output are sharply reduced. Affected by the 34.5% rebound in cotton prices in 2009, the cotton planting area in 2010 was basically flat at 75.42 million mu. However, due to the abnormal climate and the deviation of the year, the growth of cotton is generally poor. The annual average value of China's cotton growth index (CCGI) is 85, indicating that growth is worse than that of 2009. As the Yellow River, the Yangtze River, and the southern Xinjiang weather became worse in the later period, the late-maturing aggravated, the autumn peach decreased, the boll weight decreased, and the lint percentage decreased. In particular, the number of rotten bells increased substantially. The actual output was reduced by 14.6%, and the total output was 5.97 million tons (National Bureau of Regulatory Affairs). Decreased 6.4% (monitoring data 5.695 million tons, a decrease of 11.8%).
3. The output value and revenue have increased significantly. In 2010, the benefits of cotton farmers were greatly compensated. The biggest benefit was that cotton prices were higher and higher, and cotton farmers gained more benefits from inflation, which was regarded as compensation for the 2008 crisis. According to the monitoring results, the sample farmer's output of seed cotton was 223.7 kg/mu, and the output value exceeded 2,000 to 2433.2 yuan/t, an increase of 46.7% over the same period of last year. The gain was 1190.6 yuan/mu, up 97.9%. The Ministry of Agriculture's high-yield production of 10,000 mu demonstration plots has an output value of 3,000 yuan/mu, with a gain of 2,000 yuan/mu, and an increase of more than doubled.
4, the price is running high. Driven by the domestic and foreign markets, the new cotton prices in 2010 have soared. By December, farmers' seed cotton price was RMB 10.94/kg, which was a year-on-year increase of 75.4%. According to the clothing rate of 37.5% and cottonseed price of 3.0 yuan / kg, lint costs close to 19,000 yuan / t, the highest price of 31,000 yuan / t, a record high.
Driven by inflation, rising costs, and international input, the cotton price in 2010 was high, and the China Cotton Price Index (CCIndex) averaged 19,398 yuan/t, an increase of 51.5% year-on-year. September-December 24,956 yuan / t, up 79.7% year-on-year. Every aspect of the industry is in an extremely high state of affairs. According to the CEO's words, “the money is not earned and not earnedâ€.
5. Imports increased significantly. In 2010, the import of raw cotton was 2.845 million tons, an increase of 86.3% over the same period of last year. The industry believes that "despite the fact that the price of outer cotton has been rising all the way, it has not prevented the import enthusiasm."
I. Strong consumption; cotton yarn production, textile and apparel exports and domestic demand all show a two-tenths increase, and cotton yarn production double-digit growth. In 2010, cotton yarn production volume was 27.717 million tons, an increase of 13.5% year-on-year, 50% cotton use and 13.5 million tons of cotton. The industry believes that "under the pressure from many parties, cotton spinning continues to improve." Both production and sales are the main reasons: In 2010, exports of textiles and garments totaled 206.53 billion U.S. dollars, a year-on-year increase of 23.6%. The total domestic retail sales of garments maintained a growth rate of 24.8%, and in particular, the increase in per capita income of farmers led to rural consumption.
2. The area is flat, and the yield and total output are sharply reduced. Affected by the 34.5% rebound in cotton prices in 2009, the cotton planting area in 2010 was basically flat at 75.42 million mu. However, due to the abnormal climate and the deviation of the year, the growth of cotton is generally poor. The annual average value of China's cotton growth index (CCGI) is 85, indicating that growth is worse than that of 2009. As the Yellow River, the Yangtze River, and the southern Xinjiang weather became worse in the later period, the late-maturing aggravated, the autumn peach decreased, the boll weight decreased, and the lint percentage decreased. In particular, the number of rotten bells increased substantially. The actual output was reduced by 14.6%, and the total output was 5.97 million tons (National Bureau of Regulatory Affairs). Decreased 6.4% (monitoring data 5.695 million tons, a decrease of 11.8%).
3. The output value and revenue have increased significantly. In 2010, the benefits of cotton farmers were greatly compensated. The biggest benefit was that cotton prices were higher and higher, and cotton farmers gained more benefits from inflation, which was regarded as compensation for the 2008 crisis. According to the monitoring results, the sample farmer's output of seed cotton was 223.7 kg/mu, and the output value exceeded 2,000 to 2433.2 yuan/t, an increase of 46.7% over the same period of last year. The gain was 1190.6 yuan/mu, up 97.9%. The Ministry of Agriculture's high-yield production of 10,000 mu demonstration plots has an output value of 3,000 yuan/mu, with a gain of 2,000 yuan/mu, and an increase of more than doubled.
4, the price is running high. Driven by the domestic and foreign markets, the new cotton prices in 2010 have soared. By December, farmers' seed cotton price was RMB 10.94/kg, which was a year-on-year increase of 75.4%. According to the clothing rate of 37.5% and cottonseed price of 3.0 yuan / kg, lint costs close to 19,000 yuan / t, the highest price of 31,000 yuan / t, a record high.
Driven by inflation, rising costs, and international input, the cotton price in 2010 was high, and the China Cotton Price Index (CCIndex) averaged 19,398 yuan/t, an increase of 51.5% year-on-year. September-December 24,956 yuan / t, up 79.7% year-on-year. Every aspect of the industry is in an extremely high state of affairs. According to the CEO's words, “the money is not earned and not earnedâ€.
5. Imports increased significantly. In 2010, the import of raw cotton was 2.845 million tons, an increase of 86.3% over the same period of last year. The industry believes that "despite the fact that the price of outer cotton has been rising all the way, it has not prevented the import enthusiasm."
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