China Cotton Commercial Stock Monthly Report – April 2013 [ 22 May, 2013]
In April, textile cotton purchase was still dominated by reserve cotton release and import cotton, while the spot cotton market was unwelcomed. National commercial cotton carryover stocks changed little over the month, which was much lower than the corresponding time of previous years. The statistics showed that, reserve cotton took most wagons of Xinjiang cotton railway transport, and commercial cotton chose road transportation with 394 vehicles for the month.
According to survey to 131 warehouses by CCA cotton warehousing and logistics branch, by the end of April of 2013, commercial cotton carryover stock totaled 281,000 ton, 273,000 ton from inland stock and 8,000 ton from Xinjiang stock, 1,000 ton up over the month, while 1,049,000 ton less than last April. Among the stock, 35% is Xinjiang cotton, 18% is inland cotton, and 47% is import cotton. Based on this, the national commercial carryover cotton stock estimated to be 349,000 ton, 1,000 ton more over last month. During this month, 5,000 ton commercial cotton was dispatched to inland via railway from 22 Xinjiang transfer stations. The amount is 5,000 ton less over the month, and 105,000 ton less than last April.
1. Commercial carryover stock in Inland
By the end of April, the commercial stocks in 109 inland warehouses hit 273,000 ton, 3,000 ton more over the month, while 481,000 ton more Y/Y. Among the stocks, 36% of Xinjiang cotton, 15% of inland cotton and 49% of import cotton.
As for the distribution of the stocks, Shandong and Jiangsu provinces still hold the largest shares with more than half of all, then followed by Hubei, Henan, Hebei provinces. In details, Jiangsu has 29%, 1% less over the month, Shandong decreased 6% over the month to 22%, Henan held 9%, unchanged over the month; Hebei was 5%, 1% up; Anhui was 4%, 1% up; Hubei held 9%, 6% up over the month; and Hunan was 1% with no change.
2. Xinjiang commercial carryover stocks
By the end of April, the carryover stock in 22 warehouses in Xinjiang was 8,000 ton, 2,000 ton less over the month, while 568,000 ton less Y/Y. All the stocks are Xinjiang cotton.
In the month, the commercial cotton transported via railway was 5,000 ton, 5,000 ton less over the month, while 105,000 ton less than last April. Based on this, there is 1,000 ton Xinjiang cotton still on the way by the end of April.
Source: China Cotton Association
Zimbabwe - Cotton Prices Announced [ 21 May, 2013]
Farmers and ginners have agreed on a minimum cotton producer price of US$35 cents per kilogramme, far way below than what cotton growers expected.
Most cotton growers expected a minimum price of US$0.70 cents and upwards, an increase from last season's price of US$0.30 cents per kilogramme.
The price was agreed on by the joint president council which comprised of farmers unions presidents and directors and ginners.
Announcing the prices in Harare today, the joint presidents' council spokesman, Mr Garikayi Msika said this season cotton would be sold according to grades.
The grade D cotton seed price which is the minimum is pegged at US$0.35 cents per kilogramme. The parties agreed that no ginner will buy at a price below the grade D price. Mr Msika said Grade C will bought for 36 cents, grade B, 38 cents and Grade A 41 cents.