What did the Central Committee Document No. 1 say about cotton this year?

Document No. 1 of the Central Committee was officially released on the 19th of this year. The document entitled "Some Opinions of the CPC Central Committee and the State Council on Adhering to Priority Development of Agriculture and Rural Areas & ldquo; Agriculture, Countryside and Agriculture & rdquo; Work" is the 16th consecutive document focusing on & ldquo; Agriculture, Countryside and Agriculture & rdquo; Work.
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What are the policies concerning & ldquo; Cotton & rdquo?
Document No. 1 of the Central Committee pointed out that the implementation of important agricultural products security strategy. We should strengthen top-level design and systematic planning, base ourselves on domestic food security and other important agricultural products supply, make good use of both international and domestic markets and resources, scientifically determine the level of domestic important agricultural products security, improve the security system and enhance domestic security capacity.
On the basis of improving quality and efficiency, the production capacity of cotton, oil, sugar and natural rubber will be consolidated. We should speed up and support agriculture to go out, strengthen &ldquo, &rdquo along the way, and agricultural international cooperation, take the initiative to expand the import of domestic scarce agricultural products, expand diversified import channels, cultivate a number of transnational agricultural conglomerates, and raise the level of agricultural cooperation.
In addition, the resumption of the construction of Xinjiang's high-quality cotton production base was mentioned. It plays an important role in stabilizing domestic cotton production.
Relevant experts said that at present, China's economic operation is stable, changing and worrying, the external environment is complex and severe, the economy is facing downward pressure, and risks and difficulties have increased significantly. If there is a big decline in agriculture and a problem in the supply of grain and important agricultural products, it will not only bring about a rise in prices, which will plunge the economic development into a passive situation of downward growth and upward price increase, but also affect social stability. To cope with the pressure of international trade in agricultural products, we must improve the output and quality of agricultural products, reduce costs, so as to enhance international competitiveness. At the same time, we should firmly grasp the initiative of importing agricultural products, expand import channels, make better use of both international and domestic markets and resources, scientifically determine the level of domestic important agricultural products, and improve domestic security capacity.
Focusing
On Cotton
The second part: ldquo; consolidating the agricultural base to ensure the effective supply of important agricultural products - rdquo; & ldquo; completing the task of high-standard farmland construction - rdquo;, which mentions - ldquo; restoring and starting the construction of high-quality cotton production base in Xinjiang - rdquo;. Industry insiders believe that Xinjiang's natural and policy conditions are conducive to the production of high-quality cotton, Xinjiang's cotton mechanized production scale, field management level, unit yield has reached the world's first-class level, further consolidating the construction of Xinjiang's cotton production base of high-quality is of great significance to ensure the supply of domestic high-quality cotton. Xinjiang cotton output is estimated to be about 5.11 million tons in 2018/19, accounting for 92% of the total national cotton output (survey data). According to the industry forecast, Xinjiang cotton target price direct subsidy policy will continue to delay after the expiration of the year 2019/20 is on the high side.
The second part - ldquo; consolidating the agricultural foundation to ensure the effective supply of important agricultural products - rdquo; Article 5 - ldquo; Implementing the important agricultural products guarantee strategy - rdquo; which mentions - ldquo; consolidating the production capacity of cotton, oil, sugar and natural rubber on the basis of improving quality and efficiency. We should speed up and support agriculture to go out, strengthen &ldquo, &rdquo along the way, and agricultural international cooperation, take the initiative to expand the import of domestic scarce agricultural products, expand diversified import channels, cultivate a number of transnational agricultural conglomerates, and raise the level of agricultural external cooperation &rdquo.
Industry insiders believe that due to the objective restrictions of the environment, policy and industrial structure, the domestic cotton production and demand gap is about 3 million tons per year. Before that, the import quota of 894,000 tons and the reserve cotton wheel were used to smooth the production and demand gap. At present, the task of national cotton storage de-stocking has been completed. The reserve cotton stock is only about 2.75 million tons. In the long run, cotton belongs to the domestic shortage of agricultural products, and is expected to increase in 2019. The probability of import quotas for hair cotton is high. This is good for the international cotton market to increase export demand. The change of international trade flow may narrow the price gap between domestic and foreign. At present, the market has neither reserve information on cotton rotation, nor additional information on import quotas. Under the background of Sino-US trade disputes, industrial policies are full of uncertainty. It is expected that these policies will be issued only after the Sino-US economic and trade negotiations.