News Briefs on cotton market in November

By CnAgri2012-11-28 10:38:29 Print

   1.  3.96 million MT cotton, packed in 17.48 million bags by 1,735 companies, underwent notarized quality verification in 2012/2013 by Nov 26.

2.  By November 15, seed cotton harvest reached 94.7% of the plan in China, 2.4% less than the same period of last year, attributable to the expansion of the acreage of late autumn cotton variety. Specifically, cotton harvest reached 97.7% in the Yangtze River reaches and 94.2% in the Northwest, 5.8% and 3.4% less than the same period of last year respectively.

3.  Xinjiang plans to provide RMB1.413 billion investment for the construction of high-quality cotton production bases in the 12th five-year period. The investment will be poured into fourteen cotton seed cultivation bases, 20,000 hectares of cotton seed production fields, nine cotton seed processing production lines, 40,000 hectares of high-yield cotton fields, 56,000 hectares of water-saving cotton fields, 62,000 hectares of fields fit for machine harvest, plastic film pollution abatement, precision cotton planting and pest prevention and treatment.

 4. According to Xinjiang agricultural department, planted cotton acreage and cotton production are estimated to be 1.467 million hectares and 3.18 million MT respectively in Xinjiang this year, up 33,000 hectares and 9.7% respectively over last year.

 5. 333,000 hectares of cotton were harvested by machines in Xinjiang this year. Xinjiang state farm system saves cotton harvest labor cost by RMB5,700/hectare this year by means of machine harvest.

6.  Bayingolin Mongol Autonomous Prefecture, Xinjiang, scored a record high planted cotton acreage and cotton production of 182,000 hectares and 380,000 MT this year.

 7. The Xinjiang branch of the Agricultural Development Bank of Xinjiang provided RMB43 billion loans for cotton procurement by early November, 19.78% more than the same period of last year.

8.  Zhengzhou Cotton Online Trading Market was put into operation in Zhengzhou City, Henan, on November 8. With 18 million spindles operated by 1,400 textile mills, Henan consumes more than 2.6 million cotton each year, 1/4 of the nation’s total.

From “China Cotton Bi-Weekly Market Report”