Cotton Futures Rose Nearly 4 Percent: This Crazy Cotton.

The first in China cotton Important town. The city's cotton production accounts for more than 12% of the whole country, and Sha Ya county is the first cotton producing county in China, with more than 1 million mu of cotton planted. Here, tens of thousands of people eat "cotton rice". However, this cotton industry chain, seed cotton - ginning - spinning - cotton products, may not be prosperous. The cotton harvest is good this year.

In October 8th and October 11th, the cotton futures of the futures exchange reached a daily limit for two consecutive days. The price of 24325 yuan per ton has risen by nearly 40% compared with the lowest price of 17455 yuan / ton in September 1st. With a record high, many capital gains are full.

In order to find out why the cotton market in the past ten years arises, how long can the laughter come from this industry chain? National Day holiday During this period, our reporter Zhang Yunshan and Huang Jingjing entered Qianjiang in Qianli and launched the "cotton picking action" of Qianjiang Evening News.

Peng Shiwei, who has contracted more than 6000 acres of cotton, can earn about 15000000 yuan by cotton this year. In the past, the people who received cotton from his field had not seen much. Because of the loss of money from spinning and spinning, the boss seldom got together and played the game of "double".

In September 29th, the reporter took a 7.5 hour flight from the point of departure. Due to air traffic control, when the reporter arrived at the cotton producing town, it was already the morning of the 30 day.

In Sha Ya county, the cotton purchase price of Tian tou has risen from 8.8 yuan / kg at the end of August to 12.7 yuan / kg in October 11th. Gain Reached 36.4%, no less than the futures market.

Dai Lu, director of the Regional Agricultural Technology Extension Center, told reporters that cotton prices rose this year, mainly related to the weather. The weather is bad this year and cotton production is decreasing. In addition, speculators hoarding goods and some enterprises are also helping cotton.

The reporter understands, the main reason that this cotton rises in price is cotton supply and demand situation is tight, supply exceeds demand. At present, the demand for textile and clothing has increased significantly. In 2010 1~8, the export volume of domestic textile and clothing increased by 24% over the same period last year, while the total output of cotton in China will decrease by 12.4% over the previous year, to 7 million tons, the largest decline in cotton production since 2000. According to the production and storage data, China's cotton production and demand gap reached 2 million 580 thousand tons in 2009~2010, an expansion of 1 million 170 thousand tons over the previous year.

Global cotton supply is also not optimistic. According to the US Department of agriculture's global cotton supply and demand forecast data, the global cotton supply in 2010/2011 decreased 6.6% compared with the same period last year, the demand statistics increased by 4.68%, and the inventory consumption ratio dropped to 36%, reaching a new low in 21 years. On the one hand, cotton production is reduced, on the other hand, the demand is strong, which has made this year's cotton craziness.

Along the road of the village, along the road are cotton cars. Local farmers and other cotton pick-up on the roadside, so that daily income also tens of dollars. After the rise of cotton, many Cotton Traders went directly to the ground to buy cotton, giving them higher prices than the surrounding cotton ginning plants. The cotton picked up was stolen directly from Cotton Traders without air drying, and cotton really became "Platinum" in the hands of cotton growers.

After the rise in cotton prices, the spinning mills had to cut their production. Teng Minli, chairman of the company, said that the processing of 1 tons of yarn should lose more than 3000 yuan. There are only two consequences of the high cotton price, or the increase of spinning factory price or stop production and rest. In order to deal with the high price cotton, many cotton spinning enterprises take the initiative to reduce the production of cotton textiles, increase the use of viscose fiber and polyester fiber to overcome the pressure caused by the rising cotton price.

After entering the wholesale market of October, the wholesale price of cotton fabric is also rolling up. The wholesale price of cotton fabric in August is 36 yuan / kg, 38 yuan / kg in September, and 42 yuan / kg in October. In the first three days of October, the average price of cotton cloth rose by 5% per metre per day. "I want to buy cotton padded clothes. I'll start early. I guess it will increase by 50% at the end of the year." According to the owner of a spinning mill, cotton has become a "noble" class this year. The pressure of rising cotton prices has been passed on to consumers.