[Attention] Notice On Improving The Implementation Measures Of The Cotton Target Price Policy

Recently, the National Development and Reform Commission and the Ministry of Finance issued the Notice on Improving the Implementation Measures of the Cotton Target Price Policy.

It is proposed that,

（1） Stabilize the target price level. Continue to determine the target price level according to the pricing principle of production cost plus reasonable income, and determine the reasonable income by comprehensively considering the development needs of cotton industry, changes in market situation, financial affordability and other factors. From 2023 to 2025, the target price level of cotton in Xinjiang will be 18600 yuan per ton. In case of major changes in the cotton market situation, it can be adjusted in time after being reported to the State Council for approval.

（2） Fixed subsidy output. Taking into account the cotton production in Xinjiang in recent years, as well as the local water resources and cultivated land resources, Xinjiang cotton was subsidized with a fixed output of 5.1 million tons. （3） Improve operation measures. The Xinjiang Uygur Autonomous Region and the Xinjiang Production and Construction Corps should focus on improving quality, further make good use of target price subsidy funds, implement quality subsidies in a wider range, reasonably determine quality subsidy standards, and use "high-quality subsidies" to guide high-quality cotton production; Take effective measures to actively and orderly promote the withdrawal of secondary suitable cotton areas and promote the concentration of cotton planting to production protection areas; Promote the construction of a unified cotton market in Xinjiang, comprehensively promote the mutual recognition of seed cotton sales, and accelerate the integration of military and local cotton markets and the convergence of subsidy standards; Continue to implement the system of "professional warehousing supervision+in warehouse notarization and inspection", and arrange relevant measures to ensure the smooth operation of relevant mechanisms when the market price is higher than the target price; Carry out insurance pilot projects according to local conditions.