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Xinjiang Cotton Pfer To The Mainland Subsidized 400 Yuan Per Ton Of Library Charges

2008/8/15 0:00:00 59

To help solve the problem of high cost of pferring cotton from Xinjiang to the mainland, the central government has decided to give appropriate subsidies to the cost of pporting the exported cotton, which is located in Xinjiang, to the mainland sales area.

The cotton purchasing processing enterprises, cotton operation enterprises and textile enterprises that have the ownership of the Xinjiang cotton can enjoy financial subsidies. The Xinjiang cotton conforming to the national standard will be subsidized by the central government at 400 yuan per ton, regardless of the grade and length. The subsidy for cotton shifting to the Xinjiang cotton will be calculated according to the cotton production year (from September 1st to August 31st of next year), and the subsidy period will be temporarily from 2007 to 2010.

According to the China Cotton Association, the Ministry of finance will introduce specific management measures in the near future.

It is reported that Xinjiang has become the largest commercial cotton production base in the country, and more than half of its cotton output is sold to the mainland of China. Cotton area, total output and commodity allocation have been ranked first in the country for 15 consecutive years.

In Xinjiang, cotton accounts for about 30% of the total income of farmers in the whole region, accounting for 60 to 70% of the farmers' income in the main cotton producing areas. The healthy development of the cotton industry is of great strategic significance not only for the safety of China's cotton.

Background link:

Textile enterprises shorten stock days

According to the statistics of Xinjiang Cotton Association, we have purchased 2 million 200 thousand tons of lint in the supply and marketing system and other channels of 2007/2008 in our district and regiment in the year of 2007/2008. Among them, the the Xinjiang Uygur Autonomous Region supply and marketing cooperative system acquired 650 thousand tons, the Corps purchased 1 million 50 thousand tons, and other channels acquired 500 thousand tons.

Up to the end of May, 1 million tons of cotton had not been sold in the territory, a 20% decline over the same period last year, and 45.5% of the total volume was not sold.

At present, domestic textile enterprises are in the state of technological upgrading and product upgrading, and the amount of cotton used has obviously decreased. At the same time, the domestic industrial inventory of textile enterprises has dropped from the past 50 days to about 15 days now.

In addition, the appreciation of the renminbi, the tightening of the silver dollar and the reduction of export tax rebates have great influence on the textile enterprises, which are the main factors that directly affect the cotton sales in Xinjiang.

Relative to the mainland's near distance and low price imported cotton, the risk of cotton enterprises in our region will be further increased.

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