Anhui East To Seed Cotton Market Active Seed Cotton Prices Remain Stable

Recently, the seed cotton purchase market in East Anhui has been active. The 400 types of enterprises have been buying by volume, seed cotton prices have remained stable, and the enthusiasm of cotton brokers has been mobilized again.

In November 25th, the local 3 grade seed cotton purchase price was 2.38 yuan / jin (lint rate 39.5%, moisture 11%, mixed 1.3%), 4 level 2.33 yuan / Jin, the quotation remained stable, but the specific paction price should be based on the quality of cotton, the highest quality cotton seed price reached 2.45 yuan / Jin, the worst was 2.27 yuan / Jin.

In addition, the local 2 grade lint sale price was 10550 yuan / ton, up 150 yuan / ton last week, 3 yuan lint 10350 yuan / ton, up 150 yuan / ton, and turnover also increased. At present, the textile mill buys 200 types of small cotton, 400 type enterprises are busy buying and storing and have no time to take account of spot exchange.

Affected by the continuous decline of cotton prices this year, cotton growers in the nest area of Chaohu, Anhui, have pulled out cotton with good growth in advance and converted to vegetable crops such as rape. Although the local minimum temperature has remained above 5 degrees, it has not been the time to remove cotton, but cotton farmers have lost hope for cotton.