September 19Th Cotton Futures: India'S Domestic Cotton Prices Further Lower

Futures: today's cotton futures contract 1301 opened 19550, the highest 19985, the lowest 19515, closing 19810, the whole day rose 255 points, or 1.30%.

Foreign countries: according to the statistics of the US Department of agriculture (USDA), by September 17th, the rate of new cotton flower opening was 59%, an increase of 13 percentage points from the previous week, compared with 65% in the same period last year and 51% in the past five years.

The picking rate of new flower was gradually expanded. By September 17th, the overall picking rate was 6%, an increase of 2 percentage points from the previous week, compared with 8% in the same period last year and an average of 7% in the past five years.

The picking rate in Southeast cotton area was 3%, and the picking rate in Louisiana was 27%, and the picking rate in Dezhou was 10%.

According to the report of the seedling situation, 70% of the new flower growth was normal (excellent 11%, good 32%, general 27%), unchanged from the previous week; the abnormal ratio was 30% (18%, very poor 12%).

In the past week, the proportion of cotton in the cotton region has changed, and the proportion of normal people in the southeast cotton region has dropped by 3 percentage points to 89%. The rest of the states have a normal proportion of 96% and above, and the normal proportion of Dezhou has increased 2 percentage points to 55%.

India

Further down, the shankar-6 ginning factory picked up a price of 35000 rupees /candy, down 850 rupees last Friday, and the offer was about 83.20 cents / pound, down 0.80 cents from Friday.

The weather was good last weekend, which is good for new flower growth.

According to local media reports, the purchase of seed cotton has already appeared in central and northern states, but the number is small.

Domestic: in the 2012 cotton situation analysis conference held by China Cotton Association, Wang Yanping, Secretary General of Cotton Association of Xinjiang autonomous region, reviewed the situation of cotton production and sale in 2011, and introduced the situation of 2012 and the acquisition of new cotton.

In 2011, the Bureau of statistics statistics cotton planting area of 24 million 580 thousand mu, an increase of 2 million 660 thousand mu compared with the same period, the total output of 2 million 897 thousand and 700 tons, an increase of 417 thousand and 700 mu.

According to the statistics of the Autonomous Region Association, as of August 31st, 3 million 510 thousand tons of processed cotton were sold and 2 million 730 thousand tons of new cotton were sold.

There are five characteristics in the purchase and sale of cotton in 2011: first, the adequacy of purchasing funds; three, the purchase price of seed cotton is higher than that of the previous year, with an average of about 8.4 yuan per kilogram in the northern Xinjiang, and about 8.7 yuan in the southern Xinjiang; four is the high enthusiasm for the storage of enterprises, and five is the positive railway pportation.

In 2012, the amount of cotton planting area in the agricultural sector was 27 million 405 thousand mu, an increase of 660 thousand mu compared with the same period. The estimated output is 3 million 200 thousand tons, an increase of 120 thousand tons compared with the same period last year.

There are three main reasons for the increase in cotton production: first, temporary storage.

The enthusiasm of cotton growers was mobilized; two, high quality cotton base construction stimulated the enthusiasm of cotton growers; three, during the seeding and growing period, the temperature was higher, the pests and diseases were lighter, the growth was better, and the harvest was a foregone conclusion.