The Direct Subsidy Price Is Still In A State Of Anxiety Over The Cotton Price Cut Year On Year.

In April 7th, approved by the national development and Reform Commission, issued in 2015.

The target price level is 19100 yuan per ton.

In April 8th, the 1509 main contract of Zheng cotton main force, which was short landed in boots, stabilized and rebounded, and its total number was 0.77%.

The price of direct subsidy in 2015 decreased by 700 yuan / ton compared with last year's 19800 yuan / ton, which is more obvious.

"After the target price subsidies were put in place in Xinjiang in 2014, the profit margins of cotton farmers who received subsidies were limited, but there was no loss. In 2015, cotton growers were expected to be guaranteed no problem under the implementation of direct subsidy policy.

But the loss of Xinjiang ginning plant in 2014 is not small, especially in the current large inventory enterprises. It is expected that the 2014 ginning factory will learn lessons from this year and will not raise the price acquisition again, so it is expected that the purchase price in 2015 will be low.

Jinshi futures said.

From the perspective of supply and demand, although last year the state held a certain degree of bidding for the state reserve cotton, its turnover was limited.

The overall domestic cotton supply pressure is significant.

Chen Jing, an analyst with CITIC futures, said that the overall weight of cotton reserves on cotton supply and demand is still the largest, and that the government should pay more attention to whether or not to throw the reserve.

In terms of cotton planting area, because this year is the implementation of the target price policy in the past second years, the area fluctuation will be more obvious than that of last year. If the fall rate exceeds the market expectation, the impact on cotton price will also be prominent, especially in the annual sowing period.

Lin Guofa, a researcher with the agricultural product collection network, said that in recent years, the domestic cotton planting area continued to decrease and output declined, while the decline in domestic cotton prices also led to a decline in cotton imports.

The price of cotton is still in the bottom of the process.