CNCIC: China’s Mills Have 41-Day Supply of Cotton

Xi Jin

The government in China continues to make headlines as it gobbles up more and more cotton, and will likely end the year with about half of the world’s cotton stocks in its reserve. But China’s private sector is also adding to the fiber kept in warehouses, as well, according to the China National Cotton information center (CNCIC).
According to China’s National Cotton Market Monitoring Service (NCMMS), as of March 6, average cotton stock held by mills increased to 40.8 days – 4.2 days higher than in February and 3.5 days higher than the three-year average (but still 5.5 days less than at this time last year).
In March, 73% of mills said they intend to continue acquiring cotton for their stocks (up 25 points from last month, and up 13 points from March 2012). About 9% said they are finished with their purchasing for the time being, and the remaining 18% of mills are undecided.
Unfortunately, that doesn’t necessarily mean that cotton’s textile share is also on the rise. More than 90% of mill owners said they will keep cotton’s share steady (up 1% from February but down 1% from March 2012), and 9% said they intend to reduce cotton’s share (up 2% from February and up 6% year over year). No mill owners said they intend to increase cotton’s share.
On the textile side, production numbers were down slightly due to the Chinese New Year holiday. Sales were down so stocks rose, with the average yarn supply equal to about 23.2 days of use – up 3.6 days from February, 4.4 days more than March 2012, and 8.7 days higher than the three-year average.

Planting Intentions Show Year-on-Year Decline
The field survey conducted in mid March by NCMMS estimates national cotton plantings to total about 4.9 million hectares in 2013, down 2.9% year over year and 3.1% less than CNCIC’s survey in late December.
In northern China:

  • Shandong plantings are down 4.5% from last year
  • Henan plantings declined 12.4%
  • Hebei expects a reduction of 13.3%

In eastern China:

  • Planting intentions in Hubei show a drop of 10.1%
  • Anhui plantings will drop 5.5%
  • Hunan expects a decrease of 4.5%

In northwestern China, plantings in Xinjiang show a major rebound, expanding 3.3% year over year. The recovery in planting intentions is likely caused by:

  • policy support for fine-cotton production base, which helped maintain  steady production in Xinjiang
  • aggressive government purchasing this season, which boosted inland seed cotton price and planting intention
  • inter-planting in east China, which delivered good results for growers.

Leave a Reply

Planting Stories
Planting

More Cotton, Less Grain Likely in Texas in 2017

February 24, 2017

Cotton acres in Texas will likely increase this season, as producers seek an alternative to grains.

Planting

Cover Crop Costs Recovered on Rolling Plains Cotton

December 28, 2016

Irrigated cotton producers on the Texas Rolling Plains could potentially be reaping more dollars per acre if they include a cover crop on their continuous cotton.

Planting

Increasing Planter Capacity: Go Faster or Wider?

October 11, 2016

New technologies are giving growers more options to speed up planting. The best solution is the one better suited for your field shape and size.

Planting

Managing Cotton after Uneven Emergence

June 13, 2016

Mississippi State University specialists offer guidelines for managing cotton fields with uneven plant maturity.

Planting

Guidelines for Replanting Decisions

May 24, 2016

There are no definitive guidelines for making replant decisions. But a list of factors to consider may help make those decisions a bit easier.

Planting

Improved Soil Moisture for Most Texas Cotton Fields

May 4, 2016

Improved soil moisture in most cotton fields in Texas are pushing growth and maturity in early-planted acres and are setting up the state’s northern acres for good planting conditions.

Planting

USDA Projects 9.56 Million Cotton Acres in 2016

March 31, 2016

USDA’s March 31 Prospective Plantings report projects that U.S. cotton growers will plant 9.56 million acres in 2016 – an 11% increase over last year.

Around The Gin
Product News

Six Greenleaf Nozzles Approved for Use with XtendiMax

February 24, 2017

Six TurboDrop D Series nozzles from Greenleaf Technologies have been approved for use with Monsanto’s XtendiMax herbicide with VaporGrip Technology.

Product News

EPA Approves DuPont’s FeXapan Dicamba Herbicide

February 17, 2017

DuPont has received EPA registration for FeXapan herbicide plus VaporGrip Technology, a low-volatility dicamba formulation for use on cotton and soybean varieties carrying traits that provide tolerance to dicamba and glyphosate herbicides.

Product News

Fourteen Southern States Register Enlist Duo for Use on Enlist Crops

February 14, 2017

Thirteen Southern states have granted state registration of Enlist Duo herbicide for use on Enlist cotton and other crops, following federal registration received in January.

Product News

BASF Application Academy Adds Online Training Module

February 2, 2017

BASF has added an online training module to its On Target Application Academy stewardship program to help increase education of new and advanced herbicide technologies.

Product News

Bayer Offers Shared Risk Program for FiberMax, Stoneville Growers

January 26, 2017

Bayer is helping support the economic sustainability of cotton growers through the company’s 2017 Shared Risk Program for those who plant FiberMax and Stoneville cotton seed.

Product News

Enlist Duo Herbicide Registered for Use on Enlist Cotton

January 13, 2017

The U.S. EPA has registered Enlist Duo herbicide for use on Enlist cotton varieties, beginning in 2017.

Product News

Data Show Yield Gains from Indigo Cotton in 2016

January 9, 2017

Data collected from 2016 trials show that Indigo Cotton – a seed treatment based on naturally occurring, in-plant microbes to help increase water use efficiency – led to yield improvements on testing acres, including an 11% average yield increase in West Texas.

Product News

FiberMax and Stoneville Release New Varieties for 2017

January 9, 2017

Cotton growers searching to match the right variety the right field now have two new FiberMax varieties and two new Stoneville varieties to consider for 2017.

Latest News
Planting

More Cotton, Less Grain Likely in Texas in 2017

February 24, 2017

Cotton acres in Texas will likely increase this season, as producers seek an alternative to grains.

Planting

Optimize Irrigation and Fertility in High Plains Cotton

February 21, 2017

With many producers in the northern High Plains considering cotton this year, optimizing irrigation and fertility will be important to their bottom line.

Planting

Field Prep Underway for South TX Planting

February 2, 2017

With spring planting a few weeks away, growers in south Texas are making good progress on field preparation.

Planting

Cover Crop Costs Recovered on Rolling Plains Cotton

December 28, 2016

Irrigated cotton producers on the Texas Rolling Plains could potentially be reaping more dollars per acre if they include a cover crop on their continuous cotton.

Planting

Increasing Planter Capacity: Go Faster or Wider?

October 11, 2016

New technologies are giving growers more options to speed up planting. The best solution is the one better suited for your field shape and size.

Planting

Managing Cotton after Uneven Emergence

June 13, 2016

Mississippi State University specialists offer guidelines for managing cotton fields with uneven plant maturity.

Planting

Guidelines for Replanting Decisions

May 24, 2016

There are no definitive guidelines for making replant decisions. But a list of factors to consider may help make those decisions a bit easier.

Planting

Improved Soil Moisture for Most Texas Cotton Fields

May 4, 2016

Improved soil moisture in most cotton fields in Texas are pushing growth and maturity in early-planted acres and are setting up the state’s northern acres for good planting conditions.

Planting

USDA Projects 9.56 Million Cotton Acres in 2016

March 31, 2016

USDA’s March 31 Prospective Plantings report projects that U.S. cotton growers will plant 9.56 million acres in 2016 – an 11% increase over last year.

Planting

March Rainfall Could Mean More Cotton Acreage

March 29, 2016

More acres may be shifting back to cotton in 2016. For producers who may be planting cotton for the first time in several years, variety selection can be a formidable challenge.

Planting

Preplant Burndown Time in NC

March 8, 2016

Mid-March through early April is the ideal time for preplant burndown applications in North Carolina cotton fields.

Planting

Reference Guides Online for Proper Variety Placement

March 2, 2016

Charts to help provide guidance to growers on properly placing and managing cotton varieties are now available online from Mississippi State University.

Planting

Clemson: Focus on Insect Management, Proper Variety Selection

February 4, 2016

Clemson Extension specialists point to insect management and proper variety selection as keys to help SC cotton producers grow more profitable crops in 2016.

Planting

SC Cotton Growers Look to Rebound from 2015 Flood

January 28, 2016

After South Carolina’s cotton crop was essentially flooded out in 2015, what’s in store for the state’s growers this year?

Planting

Market Prices Impacting Early 2016 Crop Decisions

January 19, 2016

As farmers in the Rio Grande Valley try to finalize cropping decisions before planting begins in the coming weeks, many are still struggling with what to plant. For some, that will likely be cotton.