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Live Updates  >  Live Update Details

2026-05-25 16:50:04

[Two Departments: Target Price for Xinjiang Cotton Set at 18,600 Yuan per Ton for 2026-2028] The National Development and Reform Commission issued a notice from the Ministry of Finance regarding the target price policy for cotton from 2026 to 2028. The notice outlines two key points: 1. Maintaining the target price level and stable fixed subsidy output. Based on the principle of production cost plus reasonable profit, and considering factors such as the development needs of the cotton industry, market supply and demand, and fiscal affordability, the target price for Xinjiang cotton from 2026 to 2028 is set at 18,600 yuan per ton. Adjustments will be made promptly after obtaining approval from the State Council should the cotton market situation undergo significant changes. Taking into account the cotton production situation in Xinjiang in recent years, as well as local water and arable land resources, subsidies will be provided for Xinjiang cotton at a fixed output of 5.1 million tons. 2. Improving specific implementation measures. First, efforts will be made to maintain a reasonable cotton planting scale, optimize the production layout, guide the gradual withdrawal of cotton planting from non-advantageous areas, and orderly reduce planting in advantageous areas in conjunction with groundwater over-extraction. Second, the use of subsidy funds will be optimized, the subsidy mechanism for high-quality cotton will be improved, and subsidies will be ensured to reach cotton farmers. Third, we will continue to implement the policy of issuing invoices for the purchase of primary agricultural products by enterprises, improve the subsidy receipt mechanism, and meet the needs of cotton farmers for direct sales of lint. Fourth, we will explore and improve the quality certification standards for high-quality cotton, and actively guide cotton farmers and processing enterprises to further enhance their quality awareness.

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