Hubei Wuhan Seed Cotton Price Rises Cotton Price Falls &Nbsp; Drought Affects New Cotton Growth

Recently, affected by North China

At present, the purchase price of the four grade seed cotton listing of a few local cotton enterprises is 4.5 yuan / jin (lint 36%), the price rose 0.10 yuan / Jin compared with May 21st, the lowest 4.1 yuan / Jin has risen 0.4 yuan / Jin.

As the local seed cotton market is in the end stage, the vast majority of cotton farmers have sold out of the seed cotton, but the stock of a certain amount of cotton in the market is mostly concentrated in the hands of middlemen, but the stock is not large, generally in 100 tons and down, the most is only more than 200 tons of inventory, but their willingness to sell cotton is generally low, mainly because of the price. At present, the middleman average seed cotton purchase price is 4.8 yuan / Jin, so they are still at a loss according to the current market price, so the seed cotton purchase market is basically a price free market, and the cotton enterprises are still mainly using the inventory mainly, most enterprises are stopping, generally no intention to buy seed cotton.

At present, the local four level.

At present, most areas in Hubei are facing 50 years of dry weather. The crops in the whole province are seriously affected, especially the adverse effects on the growth of new cotton. The southeastern part of the province is the most severely affected area. Many counties and cities under the jurisdiction of Wuhan are suffering from drought in varying degrees. Local agricultural experts initially estimated that although the planting area of cotton increased this year than that of last year, if the dry weather continues in the coming period, the local cotton output will have some influence this year.