Domestic cotton planting intentions in 2022
According to survey data from the China Cotton Association, the intended area for cotton planting in the country in 2022 will be 43.1003 million acres, a year-on-year decrease of 0.4%. Among them, the intention to plant cotton in the inland northwest increased by 0.9%, and the intention to plant cotton in the Yellow River Basin and the Yangtze River Basin decreased by 16.5% and 2.1% respectively. The intended cotton planting area in Xinjiang is 37.0587 million acres, a year-on-year increase of 0.6%, of which the autonomous region’s cotton planting intended area increased by 0.1%; the Xinjiang Corps’ cotton planting intended area increased by 1.6%. The main reasons for the increased intention to plant cotton are: first, Xinjiang continues to implement the cotton target price subsidy policy, and the income of cotton farmers is guaranteed; second, the price of cotton will rise sharply in 2021, and the income of cotton farmers will increase significantly. It is understood that the profit per mu in Xinjiang cotton areas is between 700 and 3,000 yuan. In 2021, with the vigorous promotion of relevant departments, Gansu Province implemented “professional warehousing supervision + warehouse notarization inspection”, achieving reservations for nearly 24,000 tons of cotton. Gansu Province’s meteorological conditions are suitable for cotton planting, its land resources are abundant, and mechanized production has developed rapidly. Coupled with the promotion of production support policies and price increases, cotton planting benefits have increased significantly, cotton farmers are more enthusiastic about cotton planting, and cotton planting intentions have rebounded significantly. The province with the largest recovery of cotton planting area. According to the survey, the intended cotton planting area in Gansu Province is 312,800 acres, a year-on-year increase of 40.4%.
International cotton planting intentions in 2022
As the 2021/22 seed cotton harvest in China and the United States in the northern hemisphere comes to an end, more than half of the seed cotton has been sold in India, and cotton planting in Australia and Brazil in the southern hemisphere has accelerated in 2021, the focus of cotton traders and cotton-using companies has begun to shift to global cotton in 2022. Planted area, yield forecast, supply and demand changes. According to relevant reports, it can be seen that: 1. The expansion of cotton planting in major producing countries such as the United States, India, Pakistan, and Central Asia in 2022 is “certain”. According to foreign media reports, due to the high cotton prices and smooth contracted sales in 2021/22, American farmers and international cotton merchants generally believe that the US cotton planting area will resume growth in 2022. It is predicted that the US cotton planting area in 2022 will be 1209.3 million acres, a year-on-year increase of 8%. Some industry insiders predict that the US cotton planting will expand by 15-25%; the purchase price of seed cotton in India has risen sharply from September to November, and the yield is expected to increase. The income of cotton farmers is significantly higher than that of other food crops and Soybeans, peanuts, etc., farmers’ enthusiasm and confidence in planting cotton in 2022 have been fully mobilized. 2. Planting expansion in Australia and Brazil is “in progress”. High cotton prices + rapid exports have stimulated Australia’s cotton planting area to begin in full swing in September 2021, and there has been abundant rainfall in the main cotton-producing areas recently. USDA data shows that the cotton planting area in Australia in 2021/22 is expected to be 600,000 hectares, an increase of about 114% over the previous year, and the total output is about 1.15 million tons, an increase of about 89% year-on-year; while the 2021/2021/2021 increase in Mato Grosso, Brazil The cotton planting area in 2022 may increase by 13.3% year-on-year, and Brazil’s total cotton output is expected to increase by 20% year-on-year. 3. This year, the planting area of Mali, Burkina Faso, Chad, Senegal and other African countries has increased significantly year-on-year. The increase in unit yields and high cotton prices have stimulated most African cotton-producing areas to expand planting in 2022.
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