Jiangsu Yancheng Cotton Growers Hope For New Cotton Production And Increase Income, Agricultural Development Bank Baoding Branch 150 Million Yuan Cotton Loan

In 2012 this year, the new cotton scale began to take off. The market cotton price has been lingering low. As the main cotton producing area in Yancheng, Jiangsu, cotton farmers are looking forward to the new cotton production and income this year.

Cotton cultivation in Yancheng is mainly concentrated in Sheyang and Dafeng. The cotton planting area was basically settled in mid and late 6 this year.

Since August, cotton production in many parts of Yancheng has been in good momentum. It is manifested in the potential of peach, peach, early autumn festival, the top of the bell, and the new flowers that are expected to start in early September, which can form effective bolls and other potential factors. If there is no extreme weather in the near future, Yancheng's cotton harvest is a foregone conclusion.

In recent years, the area of cotton planting in Yancheng has been decreasing year by year, and this year is much less. The actual cotton planting area has dropped to less than 2 million mu, only about 1 million 210 thousand mu, and the most cotton planting area has exceeded 3 million mu.

Although the area decreased, cotton production was better in August because of the good fortune of Yancheng cotton key producing areas, which avoided several typhoons' frontal attacks.

According to the current cotton growth in Yancheng and the trend of weather and natural disasters in the next period, it is estimated that the cotton output will reach 85 kilograms this year (no more than cotton lint). There will be no special case. This year will also be the highest harvest year since 2008.

Yancheng price department staff introduced last year cotton seed in Yancheng area

Each catty was 4.20-4.30 yuan, then later opened and left low, once less than 4 yuan.

In mid September of this year, cotton prices in Sheyang, Dafeng and other places were purchased at a price of 4.00-4.10 yuan / Jin, and the purchase price of cotton merchants was 3.90-4.00 yuan / Jin. The purchase price was far below the cotton farmers' psychological expectations. That is, the price of new cotton can not be less than 4.80-5.00 yuan per catty this year.

It is worth noting that the increase in the purchase and storage price of new cotton is a positive news this year. The relevant people in the industry reckon that the standard seed cotton price is close to or even more than 5 yuan per catty.

Many industry insiders pointed out that the market price is lower than the cotton farmers' psychological expectation, which will lead to cotton farmers' "reluctant sale". If Cotton Traders and cotton enterprises press down the price of quality and cautiously purchase, they will repeat the mistakes of selling harder and buy harder and speed up the decline of cotton market.

Baoding branch of Agricultural Development Bank 150 million yuan, the first cotton loan guarantee purchase of new cotton

At present, the Baoding branch of the Agricultural Development Bank has been confirmed.

There are 6 loan qualified enterprises covering the main cotton producing counties.

As of September 20th, the bank has issued 148 million yuan for the purchase of cotton bottled funds to ensure the timely acquisition of cotton purchase funds.

The bank also actively guided the lending enterprises to take the initiative to undertake social responsibility, not to press down the price, not to rush to buy, not to cotton farmers, to guide enterprises to implement the purchase and sale contracts, and to buy, sell and sell at the same time.