中经评论：让“好棉花”更有分量

Core Insights - China's cotton industry is experiencing a significant harvest, with expectations for national cotton production to reach a new high since 2013 by 2025 due to favorable weather and effective management practices [1] - Cotton is a crucial economic crop that impacts farmers' income, rural revitalization, and the safety of the downstream textile industry [1] - The cotton industry has undergone market reforms since 1998, leading to a well-developed ecosystem that integrates futures and spot markets, but challenges such as consistency, brand development, and risk management remain [1][2] Industry Overview - Xinjiang accounts for 90% of China's cotton production, with advancements in technology and mechanization leading to yields that are approximately three times the global average [2] - The average length of Xinjiang cotton is 29 millimeters, positioning it competitively in the global market [2] - China's cotton industry demonstrates resilience and vitality, supported by a robust supply chain that connects domestic production with global textile needs [2] Future Development Directions - The future focus of the cotton industry is on quality improvement, with an emphasis on brand development, standardization, and smart agriculture [3] - A new cotton target price policy was introduced in April 2023, prioritizing quality over quantity in cotton production [3] - Establishing a mechanism for quality improvement and linking interests between cotton growers and processing enterprises is essential for enhancing cotton quality [3] - A comprehensive approach involving the entire cotton supply chain is necessary for high-quality development, including research innovation, optimal planting practices, and strong regional branding [3]