资讯 1 10 英文网 288 轮播图 569318 NCMMS: 2017 cotton production forecast at 5.2 mil tons 2017-04-05 15:26:38 yangfang
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NCMMS: 2017 cotton production forecast at 5.2 mil tons
2017-04-05

The field survey conducted by NCMMS in mid March shows that, 2017 cotton prospective planting is forecast at 46.038 mil mu, an increase of 2,193 mil mu or 5% from 2016. This reflects an increase of 2.8 points from the projection made in November 2016. Details will be published soon.

 

Plating intention in north China is projected at 8.662 mil tons, up 4%, an increase of 4 points from November 2016. Sowing is set to increase 9.7%, 7.2% and 6.4% respectively in Tianjin, Shaanxi and Shandong. The east China will boost cotton land by 3.5% to 5.948 mil mu, which is an expansion of 12.6 points from last survey in November. Jiangsu and Hubei will plant 6.1%^and 5.7% more than a year ago. Cotton area in the northwest will increse 5.7% to 30.941 mil mu, an expansion of 0.8 point from the survey in November. Xinjiang planting intention is forecast at 30.529 mil mu, up 5.1%.

 

Steady target price, which is now decided every three years helps maintain a stable cotton production, according to the survey. The new target price scheme came at a time when spring planting is about to commence. Solid forward production outlook and a completiion of subsidy distribution received a most favorable response from cotton growers.

 

Moreover, higher procurement price, lower input cost have boosted farmer's income this season. According to NCMMS, Xinjiang seed cotton price averaged 7.23 yuan per kilo so far this season, up 1.83 yuan or 33.9% from a year ago. For input cost, hand-picking cost dropped 58 yuan YOY to 1747 yuan per mu. Machine-harvested acres reported a planting cost of 1171 yuan per mu, down 163 yuan from previous season.

 

The main reason for the recovery of inland planting is due to 1) steadily higher procurment price this season. According to NCMMS, inland seed cotton price averaged 7.27 yuan per kilo by March 15, up 1.32 yuan from a year earlier, a gain of 22.2%, which is 5 points from our first survey in late November.2) lower input cost in inland provinces. Hand-picking areas reported a land rental cost of 793 yuan per mu, down 42 yuan. 3)crop rotations in inland areas also boosted cotton planting.