Approved by the State Council, the eight departments including the National Development and Reform Commission, the Ministry of Finance, the Ministry of Agriculture, the Ministry of Industry and Information Technology, the Ministry of Railways, the General Administration of Quality Supervision, Inspection and Quarantine, the Supply and Marketing Cooperative and the China Agricultural Development Bank jointly issued the 2012 annual report (2012). September-August 2013) Temporary purchase and storage plan for cotton. It was clarified that the 2012 temporary cotton price was 20,400 yuan/ton, which was 600 yuan/ton higher than the previous year. The plan also further improved the implementation of the region, quality standards, etc.
The temporary cotton purchasing and storage policy was implemented in 2011 with the approval of the State Council. By regularly normalizing the collection and storage of lint in the main producing areas, the reserve price will be announced in advance and open for storage. The cotton that can be stored and stored can be used when the market needs it. Timely delivery to stabilize the cotton market, business operators and cotton business market expectations, protect the interests of cotton farmers, and ensure market supply. The implementation period of the cotton temporary collection and storage policy is from September to March of the following year, that is, the main period of cotton sales. At present, the temporary purchase and storage of 2011 is nearing completion. As of the end of February this year, 2.69 million tons of cotton have been collected and stored, including 1.55 million tons of Xinjiang cotton, which has promoted the recovery of cotton prices and the stable operation of the market, effectively protecting the interests of cotton farmers.
The current positive value of cotton on the eve of spring sowing, the timely publication of the storage plan and the increase in the closing price will help to further protect the enthusiasm of cotton farmers, stabilize this year's cotton production, and ensure the stable operation of the domestic cotton market.
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