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    The Price Of Agricultural Products Plunged &Nbsp For A Long Time, And Cotton Purchase Price Fell 15.5% A Week.

    2010/11/18 16:16:00 58

    Price Of Agricultural Products Plummeted Day After DayCotton Purchase

      

    once

    Cotton, which has soared 75% in two months, suddenly lost its breath in the last week and went down like mad.

    In November 9th, cotton futures prices were as high as 33000 yuan / ton. After a week of continuous slump, yesterday's closing price dropped to 27885 yuan / ton, or 15.5%.

    Yesterday, China's cotton price index

    Plunge

    The 509 point was 29407, which was 6.05% lower than the 31302 of 11.


    The takeover price in the production area is more volatile.

    Be situated

    Dongting

    Lake Changde is one of the main cotton producing areas in Hunan. Yesterday, Chen Zuyuan, a cotton grower who was picking cotton in the field, was particularly reluctant to accept this reporter's telephone interview. "More than a week ago, the purchase price of ordinary seed cotton was still 6.6 yuan / Jin, and suddenly it began to collapse. Now it is on a daily price. Yesterday, the price of the cotton trader newspaper was 5.1 yuan / Jin Jin, and today it has become 4.8 yuan, and it has lost 3 cents a day."

    Chen Zuyuan said, because the cotton has not been picked up, his home cotton sold only more than 700 yuan a month ago at a price of 4.2 yuan / Jin, most of which had not yet launched, and in the boom of cotton, he did not earn money at all.


    Vegetable local cabbage price cut nearly 30%


    After visiting the vegetable market in Guangzhou, the reporter found that the fresh Chinese cabbage was 2.5 yuan / Jin, compared with 3.5 yuan / Jin two weeks ago, a drop of nearly 30%.


    The reporter saw in the Jiangnan fruit and vegetable wholesale market that the wholesale price of local cabbage has dropped to 1.6 yuan / kg, and the retail price in the supermarket is mostly around 4 yuan / kg.

    In the meantime, the retail price of flowering Chinese cabbage once reached 9 yuan / kg.


    The reporter learned from the Guangzhou price bureau that the price of mustard was 3.2 yuan per kilogram yesterday, the price of mustard was 3.2 yuan per kilogram, the price of lettuce was about 3.2 yuan / kg, which fell by more than 50% when compared with the high price.


    The market leader of Jiangnan fruit and vegetable wholesale market, forestry peach, said that the main reason for the vegetable price reduction was the increase in supply.

    "The temperature is suitable for the growth of vegetables now, so the supply of local leafy vegetables such as local cabbage and vegetables has gone up."


    A large amount of sugar futures funds flow out.


    Yesterday, the spot price of sugar in Liuzhou, the main producing area of Guangxi, plunged 200~300 yuan / ton on a single day, and the quoted price was 6600~6620 yuan / ton, which was more than 10% higher than the high of 7450 yuan / ton, which was set for 10 days in November.


    For the collapse of sugar prices, GF futures analyst Liu Qingli believes that it is mainly because investors worry that the NDRC will use administrative measures to control prices.

    The new sugar will be on the market gradually, and the fundamentals have changed.

    According to the statistics of the Zhengzhou commodity exchange, the position of sugar holdings reached 890 thousand hands in mid November, and it dropped to 640 thousand hands yesterday, with a drop of nearly 30%.


    Ginger and garlic hoarding business loses hundreds of thousands of


    In the first half of this year, the price of ginger and garlic dropped more sharply.

    Reporters learned that the wholesale price of fresh ginger is about 2.5/ Jin, and wholesale prices in this year 7 and August have reached 4~5 yuan / Jin. After a few months of slow decline, the price has fallen by half.


    Garlic wholesale prices in 7, August this year, up to 7 yuan a Jin, and the minimum to 4 yuan a Jin.

    Wang Shengmin, who sells garlic and ginger wholesale business in the Jiangnan market, told reporters that the price of garlic and ginger began to decline after reaching the high point in 7 and August. Over 60% of the owners of ginger and garlic were losing money in the market.

    Mr. Wang hoarded some garlic in 6 and July, when the purchase price was about 6 yuan / kg, and now there are more than 100 tons in the warehouse, and nearly 2 yuan per kilogram, which has made him lose hundreds of thousands of yuan.


    He thinks that the main reason is that the inventory is too high. "In the first half of this year, garlic is rising, many people are hoarding garlic. Our wholesale market is basically the scale of dozens of tons and hundreds of tons, but in the producing area, some people hoard garlic is over 1000 tons."

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