US Department Of Agriculture: China'S Policy Of Purchasing And Storing Up International Cotton Prices

China is the largest cotton producer in the world, and also the largest cotton consuming country. Over the past 10 years, China has imported more than 2 million tons of cotton annually, up to about 3600000 tons, and the average annual cotton trade volume in the International Year is about 8 million tons. China's imports of cotton have great impact on the international cotton price, and have always been the focus of major cotton exporters such as the United States and India.

In the implementation of the cotton import quota policy, China began to implement the temporary cotton purchase and storage system in 2011. The price of cotton purchase and storage policy determined at that time was 19800 yuan / ton. In March 1st this year, the latest cotton purchase and storage price of the state was raised to 20400 yuan / ton.

China's cotton purchase and storage policy has attracted the attention of the US Department of agriculture. According to the US Department of agriculture, China has bought 11 million 400 thousand bales of cotton from China last year, and the number of foreign cotton growers has reached 5 million packages.

The United States Department of Agriculture recently said, "competition caused by China's purchasing and storage behavior has pushed up world cotton prices, and has hamper the ability of the global textile industry to buy cotton for textile."

Andy Ryan Ryan, a Nashville based FCStone company, also said: "although the current cotton consumption in the industrial sector is relatively weak, inventory is generally higher than a few years ago, but in,