The Reason For Soaring Cotton Prices Is &Nbsp.

According to the voice of China, CNPC News reported that the cotton price of the futures exchange was once again on a daily basis, reaching nearly 24 thousand yuan / ton, rising 40% in one month, double the cotton price in the same period last year. "Crazy cotton" has not only created the highest record in 10 years in China, but also broke through the highest price of international cotton price in 15 years. In total cotton production accounts for 40% of the country's total, the current cotton purchase price has reached 12 yuan / kg, close to two times last year. With the reduction of temperature, can cotton prices go up all the way down? Now let's connect with central reporter Zhang Lei, to know the latest situation.

Moderator: is the weather getting cold now? Does it affect the picking and purchasing of cotton?

Reporter: there are certain effects. This effect comes mainly from two aspects: one is low temperature, the other is rain and snow. Comparatively speaking, the influence of rain and snow on the output and quality of cotton is relatively large, because it is now in the late stage of picking, and the picking period is about more than 20 days.

Moderator: now there are many reasons for the soaring price of cotton. There is a saying that because of the hype of the merchants' idle capital, is this the main reason from your understanding?

Reporter: it should be said that this is just one of the reasons. Aspect . First of all, it is still affected by the fluctuation of international cotton prices. Secondly, the planting area of cotton producing areas in our country has generally decreased this year, especially the weather is not very good this year, resulting in a reduction in output. Output is decreasing, and prices are rising naturally. For example, the estimated total cotton production this year is about 2 million 700 thousand tons, which is about 300 thousand tons lower than last year's output. The third factor is that the cost of cotton planting will be increased due to the increase in agricultural prices and the increase in labor costs of cotton pickers. Cotton prices must be raised appropriately to ensure the interests of cotton farmers and future planting. cotton Enthusiasm. The fourth is the sales link, and private hot money is involved in speculation.

If the first three reasons are out of line with the laws of the market. adjust Now, it seems that the fourth reason is the speculation of private capital, which should be said to be a market speculation. It has played a role in boosting the price rise. The price of cotton is as high as you just said, and it is already very high as you mentioned just now. It has formed a vicious circle with a bit of gambling color in the cotton market. On the one hand, like cotton stocks, cotton growers have hoarded cotton wait-and-see, and he hopes to have a better price to sell, hoping for a bull market. But now the picked cotton is stored in the house, not sold, and it has not been converted into cash, and it has to continue to pay labor costs for cotton pickers. This year's labor cost has risen 1 times more than that of last year. Last year, picking up a kilogram of cotton costs only about 2 yuan in labor expenses, so that it can't get out. If the price below is less than 12 yuan, cotton farmers' income will decrease. This is the case now, under the combined effect of several reasons. On the other hand, it is the cotton processing enterprise now. Many of its processing land was signed last year with cotton spinning enterprises. If it fails to fulfill the contract, it will break its promise. The current situation is that the price of cotton purchase has been higher than the price of cotton traded in the market after processing, which is 24 thousand yuan / ton. The experts regard it as the highest limit, and the enterprise will lose money later.

　　 Now, in order to fulfill the contract, enterprises have to lose money and buy a part of cotton at a high price. Apart from this part, many cotton processing enterprises are unwilling to purchase cotton and wait and see. According to our understanding, many enterprises are not working enough now, and many factories do not produce very much. As for the cotton brokers in the middle link, we often say "Uncle". Their attitude is different now. There are some old sellers who are more rational. They are worried that if they buy cotton at such a high price, if they can not sell a good price at last, cotton will probably hit themselves in their hands, and they are watching too.