Xinjiang 60% Cotton Enterprises Operating Losses

The cost is higher than the selling price. The upside down of the purchase and sale price of cotton in Xinjiang makes our cotton enterprises more and more pressure. At present, the reporter understands that nearly 6 of Xinjiang's cotton enterprises have suffered losses.

In recent years, domestic cotton prices continued to decline, in July 4th, domestic textile enterprises to buy cotton price per ton fell to 13 thousand and 900 yuan - 14 thousand yuan, the price has been lower than the cost of Xinjiang cotton.

Yesterday, Zhang Yanlin, director of the cotton association of the Corps, told reporters that with the tightening of the silver dollar and the reduction of textile export tax rebates, the profits of domestic textile enterprises declined sharply, and the purchasing power was relatively weakened, resulting in the slow sale of cotton in our district, and nearly 60% of cotton enterprises operating losses.

General manager of Manasi silver sky cotton company, the Yellow Sea, said that 80% of cotton sold last year was not sold, and enterprises could not sell goods without cost, nor could they continue to sell them.

According to Zhang Jieping, general manager of Xinjiang silver-cotton industry group limited liability company, according to last year's purchase price of 6 kg per kilogram of seed cotton, the acquisition cost per ton is 13 thousand and 500 yuan.

Since its acquisition in September last year, plus interest on loans and warehousing costs, the price per ton will reach 14 thousand and 100 yuan in order to maintain capital.

It is reported that nearly 900 thousand tons of Xinjiang cotton are ready for sale, accounting for 1 / 3 of the total purchase amount, but in July, they were basically sold out.

In view of the current sales predicament, the cotton association of our district and the cotton association of the regiment suggest that we should follow the example of the state's policy of absorbing new territories cotton in 2006 to establish a long-term mechanism for Xinjiang's cotton reserves. When the standard cotton is less than 14 thousand yuan per ton, the national reserve plan will be launched, and the cotton store will be auctioned off at a price of more than 15 thousand and 500 yuan per ton.

Picking cotton.