Cotton Prices Rose Sharply After The Spring Festival

After the Spring Festival, cotton prices in our city rose sharply. Unginned cotton The purchase price is up to 12.6 yuan per kilogram, up 0.4 yuan per kilogram before the Spring Festival, up 5.4 yuan per kilogram compared with the same period last year, up 75% compared to the same period last year.

After the Spring Festival, the price of lint and seed cotton continued to rise sharply. At present, the purchase price of seed cotton has reached 12.6 yuan per kilogram, 3% higher than before the Spring Festival, and the selling price of lint cotton is 30 thousand yuan per ton, which is 2000 yuan higher than that before the Spring Festival. The main factors that support cotton price rise are: first, affected by climate and other factors, last year, cotton production in China was greatly reduced, and the total output was only about 6 million 500 thousand tons. supply and demand The gap is more than 3 million 500 thousand tons.

There are many textile enterprises in our city, the demand is about 500 thousand tons, while the actual total output is only about 120 thousand tons, and the contradiction between supply and demand is more prominent. Domestic cotton production is reduced, social resources are reduced, and the gap between production and demand is widening. It is generally believed that cotton prices will rise at the later stage and boost cotton prices. Two, before and after the Spring Festival, domestic and foreign cotton futures prices continued to rise sharply.

Three is Cotton yarn price Continuous rising, downstream textile industry management situation is good, textile enterprises demand for cotton increased. Industry experts predict that there will be more than 6 months from the September cotton market listing, and there will be room for further increase in cotton prices in the next few months. In the middle of April, planting cotton and raising cotton prices are very beneficial to improve farmers' enthusiasm for planting cotton. According to the City Cotton Association survey, before the Spring Festival, the cotton seed purchase process is only about 65%, and there are still a lot of cotton in some households in Xiajin and Wucheng county. At present, cotton enterprises have higher enthusiasm for seed cotton purchase, but because farmers still have the mentality of selling away and Spring Festival has just been busy with wheat spring irrigation and topdressing, there is no time to sell cotton. According to the previous rule, the buyout companies usually close to the end of April, and stop buying at the beginning of May.