Cotton Becomes "Platinum" Hoarding For One Year To Earn Ten Thousand Yuan.

A pure white

Cotton prices rose nearly 40% in less than half a year.

Xinjiang Akesu is the first cotton town in China.

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".

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

Agriculture in Akesu area

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.

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.

"Platinum" in the hands of cotton growers

Along the rural roads in Akesu, cotton cars are pported along the road.

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 mill had to cut production. Teng Minli, chairman of Xinjiang Sha Ya Hongli Textile Co., Ltd., said that the processing of 1 tons of yarn now needs to lose 3000 yuan. The consequences of high cotton price are only two, or raise the 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.

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Become a speculators earn ten million a year

Liu Guanghou, 47, a rabbit, said his business flexibility may be related to his zodiac.

In Liu's life span of 47 years, 18 to 38 years old, almost half of his time was planting cotton in his own cotton field in Xiajin County, Dezhou.

20 years of cotton farmers' identity provided a deep accumulation for his future cotton business, including cotton speculation.

This year's new cotton has just reached the all-time high of 19000 yuan per ton, and now it has exceeded 20000 yuan / ton.

Liu Guanghou was very proud of the foresight of hoarding 5000 tons of Xinjiang cotton last year. He must have bought the new cotton market in September last year at 13800 yuan / ton.

Later cotton prices went all the way up to 20000 yuan / ton.

Today, the price difference of more than 6000 yuan is his profit. Roughly speaking, Liu Guanghou made a net profit of about thirty million yuan last year, whether he sold it to others or his own factory.

Similarly, in Akesu, Peng Shiwei, a large cotton farmer who has contracted more than 6000 mu of land, can earn about 15000000 yuan this year alone.

But for consumers, the rise in cotton prices directly led to soaring clothing prices. In the wholesale market of Hangzhou Sijiqing fabric, after entering October, the wholesale price of cotton cloth was 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.

On the first three days of October, cotton fabrics increased by an average of 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 on cotton price rise has been passed on.