Rising Cotton Prices Are Both Opportunities And Disasters.

High Cotton price Cotton farmers are once in a blue moon. Opportunity For processing and textile enterprises, it may mean disaster.

Akesu's cotton purchase price has been leading the entire Xinjiang region this year. Unginned cotton The purchase price has been around 11 yuan per kilogram for a long time. Wu Zhaoyun, the local manager of Jinxiang cotton processing plant, has been in a state of terror recently. "This year's cotton price is the highest ever, and it is simply impossible for our enterprises to accept it, nor dare to accept it. The purchase amount is 70%. If we dare not continue to accept it, we are also afraid that the risk is too great. "

The processing enterprises dare not accept, and the banks dare not pay too much loans. In order to avoid risks, the BD branch of the Agricultural Development Bank stipulates that only when the market price of seed cotton is lower than or kept at a control line of 8 yuan and 8, can the cotton ginning enterprises be used.

More difficult is the cotton textile enterprise, general manager of Bazhou Wu's Cotton Industry Co., Ltd. Wu Shizhao: "the market operates like this, I think it is very irregular. We dare not enter more cotton. We can only look at the market and do a little bit of cotton. "

At present, many cotton spinning enterprises are in a state of stop production and half stop production. Jiang Tao, chairman of Xinjiang's Golden Spinning group, the largest state-owned cotton textile enterprise, told reporters that although the price of cotton yarn has gone up, it can not make up for the loss brought by high cotton prices: "if you don't buy such a high cotton, it will close down. As our state-owned enterprise, No. 2000 workers bear social responsibilities. We dare not close the door, then we will lose money."