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Cotton Purchase Price Rose To 5.75 Yuan Per Catty &Nbsp, Up 68% Over The Same Period Last Year.

2010/10/23 13:59:00 46

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In October 23rd, the reporter learned from the Dezhou cotton association that the new cotton was in the middle of September this year.

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Since then, seed cotton in our city

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The price has risen rapidly, and has reached a record high. In recent days, the purchase price has basically stabilized at 5.75 yuan / kg, up 68% over the same period last year.

According to the responsible person of Dezhou Cotton Association, the cotton planting area in our city is only 1 million 550 thousand mu this year, a decrease of 32% over the previous year, the smallest area in nearly 11 years.

In the middle and August of last year, a continuous high intensity rainfall and cloudy weather occurred in our city, which had a great impact on cotton yield and quality. The average yield per mu of cotton was reduced by more than 20% over the normal year.

Since September 8th, enterprises in the city have been buying new cotton, and the purchase price of seed cotton is about 4.20 yuan per kilograms.

Price

Continued rising, after October 15th, the average purchasing price basically stabilized at 5.75 yuan / Jin, and the quality was better than 5.90 yuan / Jin. In a month or so, it increased by 1.50 yuan / kg, up 2.30 yuan over the same period last year, or 68%, and hit the highest price in history.

Cotton prices continue to rise, which is a good thing for farmers.

"The main reason for the recent surge in cotton prices is that this year's nationwide cotton production cut and the gap between supply and demand increased, causing panic.

The demand for cotton in China is 10 million 500 thousand tons, while the actual output is less than 7 million tons, with a gap of more than 3 million 500 thousand tons.

The cotton planting area in our city has been greatly reduced this year. In August, it suffered severe floods. Cotton production was reduced by more than 20%. The total output of the city was only about 120 thousand tons, and the demand for textile cotton in the whole city was nearly 500 thousand tons.

Ma Junkai, vice president of Dezhou supply and Marketing Association Cotton Association, told reporters.

Industry experts analyzed that cotton prices rose sharply in recent years, both factors of cotton production reduction and suspicion of malicious speculation were irrational gains.

In recent years, cotton prices have gone up too fast, and their prices have increased too fast. The price has been delayed in the downstream industries such as textiles, weaving, clothing and so on. It is still unknown whether the follow up industry can afford it or not.

At present, cotton price is at the highest price in history. High cotton price means high risk. The city cotton association suggests that cotton processing enterprises should analyze calmly, cautiously purchase and guard against risks. At the same time, remind cotton farmers to keep abreast of cotton prices and sell them at a timely rate, so as to avoid falling cotton prices and reducing revenue.