Ministry Of Agriculture: Increased Risks For Cotton Production And Textile Enterprises

"2010 cotton The production situation is still not optimistic, and cotton prices may remain high, which makes cotton production and Textile enterprises " Du Min, a researcher of the Rural Economic Research Center of the Ministry of Agriculture, pointed out in Zhengzhou on June 5.

Du Min made the above statement at the "2010 Cotton Market Summit Forum" hosted by Wanda Futures.

Since 2010, as the world Economics The recovery and strong consumption pushed cotton prices up sharply. The cotton futures contract of Zhengzhou Commodity Exchange once rose to a historical peak of 183500 yuan per ton. Experts analyzed that from 2010 to 2011, the domestic cotton market will enter the era of high cotton prices.

"According to the investigation and analysis of the Industrial Economy Office of the national cotton industry system, the cotton market risk will further increase in the later period." Du Min said, first of all, from the development trend of the textile industry, although there are signs of recovery in the textile industry, the overall situation is still not optimistic. In addition, the current rapid rise in the price of domestic cotton will lead to an increase in the cost of textile raw materials, which is undoubtedly a huge resistance to the domestic textile industry trying to get out of the predicament.

Du Min suggested that cotton related enterprises strengthen risk management to avoid the risks caused by the high or large fluctuations in cotton prices.