China’s cotton supply and demand are basically balanced
Cotton is a necessity in people’s lives. This year, the development of the cotton industry has attracted much attention from all parties. At present, cotton has entered an important growth period. How is the production and sales of cotton in China?
Recently, at the 2021 China International Cotton Conference (referred to as the “Cotton Conference”) co-sponsored by the China Cotton Association and the National Cotton Trading Market, the Deputy Director of the Agricultural Materials and Cotton and Linen Bureau of the All-China Supply and Marketing Cooperative and the China Cotton Association Vice President and Secretary-General Wang Jianhong gave everyone reassurance: “This year’s cotton situation shows stable policies, stable production, rebounding demand, increased imports, relatively stable cotton prices, and stable supply and demand. A basically balanced situation.”
Quality brand with both hands
Information from the China Cotton Association shows that in May, textile companies had sufficient orders, stable production, overall production and sales in the downstream market were smooth, market consumption was good, and textile companies had increased demand for cotton raw material replenishment.
Gao Fang, President of the China Cotton Association, said that China’s cotton and textile industries have withstood the test, which not only highlights the advantages of my country’s cotton industry in terms of production scale, completeness of the industrial chain, and speed of business model innovation, but also shows that China People in the cotton industry have the confidence and perseverance to face difficulties and obstacles.
“As an important global cotton producer, consumer, and textile and clothing exporter, China is fully capable of meeting challenges. But the premise is that we ourselves need to continue to temper and grow. “Gao Fang said frankly that my country’s cotton supply is sufficient, but the proportion of high-quality cotton that meets the needs of textile development is insufficient, and there has been a downward trend in recent years; there are many market participants, but the brand influence, industrial synergy level and international operation capabilities are obvious Insufficient; the market size is large, but the construction of standards, information, and talent team systems are relatively lagging behind, and the development of the industry needs more strong support.
Generally speaking, China’s cotton industry still faces problems such as imbalance between supply and demand, imbalance between output and quality, and imbalance between traditional models and sustainable development.
Li Zhaohu, president of Huazhong Agricultural University, analyzed that the decline in cotton quality in my country is due to technical reasons, which require further refinement in varieties, agricultural machinery and agronomic support, and planting links. There are also reasons for production and management links. He said that through joint efforts, we will be able to grow high-quality cotton and promote the high-quality development of the cotton industry.
“We must rely on the advantages of China’s expanding economic scale and market to accelerate the construction of cotton brands and promote the cotton industry to move towards the middle and high end of the value chain.” Wang Wei, member of the Party Leadership Group and Deputy Director of the Council of the All-China Federation of Supply and Marketing Cooperatives, suggested that both We must pay attention to quality construction and improve cotton quality. We must also strengthen brand awareness and explore brand value to better shape China’s cotton brand image, promote the transformation of a large cotton industry into a powerful cotton industry, and meet the people’s consumption upgrade needs for cotton products.
According to Yang Baofu, deputy general manager of the National Cotton Trading Market, digitalization, networking, electronics, and intelligence will inevitably become the future development trends of cotton and important agricultural products industries. It is necessary to strengthen cooperation among cotton-related enterprises and promote the in-depth integration of the Internet, big data, artificial intelligence and the cotton industry. Inject new vitality into the traditional cotton industry from the aspects of industry development specifications, enterprise business models, and cotton farmers’ production methods, cultivate new growth momentum for the cotton industry, and help the cotton industry improve quality and efficiency.
Open and inclusive for win-win situation
The theme of this Cotton Conference is “Building an Open, Inclusive and Sustainable World Cotton Industry.”
Over the past 40 years of reform and opening up, China’s cotton industry has been constantly learning and absorbing the experience and strengths of the cotton industries of various countries, and has promoted mutual promotion and mutual benefit with the cotton industries of other countries through exchanges and cooperation. Since joining the World Trade Organization in 2001, China’s total textile and apparel exports have increased fivefold, and its global market share has increased 2.5 times. At the same time, the average annual cotton import volume has remained at around 2 million tons.
“We respect the development models, characteristics and laws of the cotton industry in other countries. Similarly, China’s cotton industry, which has made great contributions to the prosperity of the world’s textile and apparel industry, should also be treated fairly and with due respect.” Gao Fang said, After the Regional Comprehensive Economic Partnership Agreement (RCEP) signed last year comes into effect, it will have a positive impact on my country’s textile and apparel industry in expanding the market size and deepening industrial chain cooperation.
Wang Wei said that at a time when the world economy is undergoing profound adjustments and changes, only openness can enable different countries to benefit from each other, achieve common prosperity and achieve lasting development. We must jointly safeguard a free, open, non-discriminatory multilateral trading system, avoid politicization of economic and trade issues, and better promote the liberalization and facilitation of trade and investment in cotton and cotton products.
Promote sustainable development
As a natural fiber, cotton has unique advantages in protecting the ecological environment and reducing resource consumption. According to statistics, global cotton consumes 2.6% of agricultural water and occupies 3% of the cultivated area, but contributes 36% of textile fiber.
Gao Fang said that looking to the future, China’s cotton industry should better participate in high-quality, sustainable cotton products.production and sales, and use this to drive changes in cotton production, circulation, and consumption patterns, expand the market share of cotton, a natural, low-carbon, environmentally friendly fiber, and protect the earth Do your part in your homeland.
Sustainable development has become the primary issue that the global cotton and textile industries need to solve. On the 17th, the Cotton Conference held the launching ceremony of the “China Cotton” sustainable development project. The project aims to accelerate China’s cotton market share and promote improvements in quality, environmental protection and other aspects of the entire industry chain based on the core concepts of “environmentally friendly, high quality, respect for labor, and full traceability”.
Shenzhen Cotton Times Technology Co., Ltd. is one of the first batch of consumer companies to participate in this conference. Li Jianquan, chairman of Wenwen Medical and founder of Cotton Times, said that Cotton Times will give full play to its past experience in standard setting to help create the image of “Chinese Cotton” quality domestic products.
With a history of more than 40 years, Esquel Group has formed a vertically integrated supply chain for cotton seeds, spinning, dyes, garment accessories, and retail exports. Chen Haiying, general manager of Esquel China Holdings Co., Ltd. and chief representative of Esquel Group Beijing Representative Office, said that from 2005 to now, Esquel has invested a total of US$150 million in energy management. Since 2010, the energy consumption per unit of production has been reduced by 20%, and the water consumption per unit of production has been reduced by 39%.
“In addition to paying attention to the function and brand of the product when purchasing, young consumers will also pay attention to the sustainable development of the product.” Chen Haiying said that although green retail means an increase in costs in the short term, with the cooperation of the industry If we work hard, more and more consumers will understand and support sustainable brands.
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