Cotton Prices Rebounded In Shandong, Cotton Farmers Remain Cautious

Most of cotton growing areas in Shandong are driven by the state's policy of "purchasing and storing", and the price of lint and seed cotton has rebounded. The price of seed cotton has risen to more than 2.45 yuan / Jin in most areas, and three or more good seed cotton with high lint and low moisture has even exceeded 2.6 yuan / Jin.

The picking of cotton seeds in most cotton fields in Shandong has come to an end. The picking quantity is basically over 95%. Shandong, which is relatively mature, has almost finished picking Zhanhua, Lijin and Wudi.

But most of the seed cotton is still scattered in the hands of cotton growers. Most cotton growers have been more cautious about seed cotton sales after experiencing the sharp rise and fall of cotton prices this year. Most cotton growers continue to wait and see the future market. They hope to sell a relatively good price driven by the purchase and storage. Due to such factors, the flux of seed cotton has greatly shrunk. Although the price of seed cotton has risen to more than 2.5 yuan / Jin in most areas, the seed cotton on the market is still not up to price, and the market is in a stalemate in the short term.