Cotton New High Point: Xinjiang Two Grade Cotton Bid Price Has Reached Twenty-Six Thousand

In September 15th, the business department of Xinjiang production and construction corps cotton and hemp company shouted, "cotton prices are skyrocketing."

At that time, the market price was 18598 yuan per ton. In October 20th, the price of the market heard by the reporter in the office of Liang Dongya, general manager of the company, was as high as 26 thousand yuan per ton, and the cash paction price was as high as 25 thousand and 650 yuan per ton.

This makes the CEO of the company have to interrupt the conversation with reporters and ask whether the next family dare to accept it.

Since September 2010, the price of cotton has soared. The price of Xinjiang seed cotton has risen rapidly from around 8 yuan per kilogram to about 12 yuan. The lint price of seed cotton has risen from about 17 thousand yuan per ton to 26 thousand yuan in October 20th.

As the price is rising too fast, a staff member of Xinjiang cotton and hemp group company told reporters on the 21 day that the market risk was too great and the company did not dare to buy it on a large scale.

According to the reporter, on the 20 day, the relevant state departments set up a research group to investigate and produce and purchase and sell the products in Xinjiang.

Fried cotton guest "

From 2002 to 2003, Xinjiang cotton was targeted by businessmen in Zhejiang, Wenzhou and other places. In 2003, cotton prices jumped several times in 2003. It was reported that the purchase price of seed cotton rose from 1.6 yuan per kilogram in 2003 to 8 yuan in early 2004, and Wenzhou cotton ginning factory also increased from nearly 100 to 300.

Zhejiang local media reported that Zhejiang businessmen, especially Wenzhou businessmen, talked about cotton from 2002 to 2003.

The price rose sharply. In the past, from 2003 to 2004, the price of lint rose from 12 thousand yuan per ton to 18 thousand yuan in half a year, and dropped to 10 thousand yuan in half a year.

In 2004, the bank contracted the scale of loans. By the beginning of 2005, the price of finished cotton had dropped by more than 1/3, and a large number of Wenzhou merchants who had followed up the cotton fry were losing a lot.

Xinhua News Agency reported: "Xinjiang Wenzhou chamber of Commerce office staff said that in 2004 to Xinjiang cotton merchants Wenshang only a small number of people win small profits, most people lost a lot of money, Xinjiang Wenzhou chamber of Commerce vice president of the end of 2004 lost millions of dollars."

In 2008, cotton prices fluctuated again, once dropping from 5 yuan per kilogram to 2 yuan, and the cotton planting area has shrunk dramatically. Hu Jianguo, deputy director of the cropping Industry Management Office of the Xinjiang production and Construction Corps Bureau, told reporters that in 2009, cotton prices rose again from 5 yuan to more than 7 yuan.

"Cotton prices surged this year to be comparable to gold, and Zhejiang merchants Xinjiang contracted cotton fields to earn profits", Qianjiang Evening News reported at the end of December 2009.

The report also quoted Zhejiang businessmen's discourse that the cotton situation in 2010 must be good.

"Suffer from

"In 2010, the cotton harvest in the whole country was not good enough, and there was a huge market vacancy in the whole country. In recent years, the total amount of textile cotton was over 10 million tons per year, and domestic output has been hovering around 7 million tons. The cotton market in the global market is also not enough. In addition, Zhejiang merchants have been in Xinjiang for a long time and have seized this market opportunity, so cotton prices are soaring rapidly this year."

Xinjiang cotton and hemp company, a business manager who refused to be named, said.

Reporters found the Xinjiang Wenzhou chamber of Commerce on 21 th. The president refused to interview journalists about cotton investment on the grounds that there was no time.

In view of the popularity of speculation, it has been suggested that special measures be taken: "market liquidity and the capital attribute of futures market are important drivers of price. Increasing the risk cost in these fields is an effective way to curb speculation.

In the short term, even if there is no risk in individual units, the long-term risks of these units still exist under the background of imperfect market mechanism in China.

It is the healthy protection of these units and industries to reduce the market speculation and reduce the power of market speculation.

Defects in national reserve capacity

In 2008/2009, the reserve cotton reserves were 1 million 530 thousand tons and 2 million 720 thousand tons.

And the year did not have a big impact on cotton prices in 2009, the former business manager said.

At present, the state reserves have been basically sold short. Liang East Asia analysis, limited national reserve capacity and limited impact on the late market.

He believes that if large enterprises participate in regulation and control, they will be beneficial to stabilizing cotton prices.

At present, the cotton and ramie company of the Corps only purchase cotton within the Corps. If it can participate in the regulation and control, the company can participate in local acquisitions, which can help improve the national reserve capacity.

The price is too high for the downstream textile enterprises and garment enterprises, and the pressure will eventually be pmitted to consumers. For the circulation enterprises, there is also market risk and speculation too strong. He said that the distribution enterprises have to sell at a price when they have the courage to accept the lower ones, and the profit space is also limited.

Crisis of smallholder production mode in cotton cultivation

"Excluding corps, the cotton planting area in Xinjiang is 14 million 160 thousand mu and output is 1 million 500 thousand tons (lint, reporter note)."

Director of cropping management, Xinjiang agriculture department, told reporters on the phone in October 19th.

"Corps planting area is 7 million 10 thousand mu, output 1 million 100 thousand tons (lint, reporter note)", Xinjiang production and Construction Corps Agricultural Bureau planting management Hu Jianguo deputy director said.

Why is there so much difference in the yield per unit area? Liang Dongya, general manager of cotton and hemp company of Xinjiang production and Construction Corps, said that the local small-scale peasant economy is the main source of production and the level of science and technology is relatively low.

According to his introduction, the cotton fields in each area are invested at around 1200 yuan, and the Corps is around 1400 yuan.

Xinjiang production and construction corps cotton mechanization office director Li told reporters that the Corps plans to achieve 2 million 200 thousand acres of mechanized picking this year, the cost of mechanized picking, only 125 yuan per mu, while the cost of manual picking up to three hundred or four hundred yuan.