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Hunan Cotton Price Volume Rose &Nbsp This Year; Agricultural Development Bank 1 Billion 500 Million Credit Break "Sell Cotton Difficult".

2010/9/24 11:10:00 44

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Hunan province this year

Cotton yield

And the purchase price showed a trend of "volume and price rising", and the gap of funds increased significantly.

In September 23rd, the reporter learned from the Hunan branch of the Agricultural Development Bank of China that in order to ensure the interests of farmers, the Provincial Agricultural Development Bank launched 1 billion 500 million yuan loan funds to ensure the smooth development of cotton purchasing and maintain the steady operation of the cotton market.

Affected by cold in early spring, the cotton harvest season has been postponed this year.

In the near future without disaster weather, the total output of cotton in our province will reach more than 6 million tons this year.

"Current international market

Cotton price

Below the domestic market 500-600 yuan / ton, cotton prices this year is likely to show the trend of "before and after high."

The head of Hunan supply and Marketing Cooperative head office said that the actual planting area of cotton in Hunan increased by 350 thousand mu over the previous year and the growth rate was about 11.8%. The total output of lint cotton was 280 thousand tons, an increase of 10%.

Since last year,

cotton

The price has risen all the way. At present, lint reaches 19000 yuan per ton.

The strong demand for cotton market this year is mainly due to the "replenishment" of enterprises and the recovery growth after the financial crisis.

It is estimated that the gap between supply and demand of local cotton in Hunan will further increase this year, especially in recent years, and the selling price of national cotton and cotton has been rising all the way, and the market has strong expectations for cotton prices this year.

Hunan Province agricultural development related people said that the total cotton production increased, and the purchase price continued to rise, it is estimated that the whole province needs cotton purchase funds up to 7 billion yuan, the funding gap will increase significantly.

To this end, the provincial agricultural development bank has identified 37 enterprises eligible for cotton purchase loans, basically covering the main cotton producing areas.

"The total amount of loans approved by the enterprises in the province is 1 billion 500 million yuan, so as to meet the needs of various types of acquisition entities.

Mid Autumn Festival National Day "two sections" period also arranged in advance about 400 million yuan of acquisition funds credit plan.

Hunan Agricultural Development Bank said that the bank will play the functional role of policy acquisition loans in maintaining market order and managing inflation expectations.

When the market price is too low, its loan will ensure that there is no problem of cotton farmers' difficulty in selling cotton.