Xinjiang Seed Cotton Purchase Price Exceeds 6 Yuan Per Kilogram

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Xiaobian network to introduce to you is Xinjiang seed cotton purchase price of more than 6 yuan per kilogram.

In mid October, gradually entered the new cotton purchase peak period, Xinjiang cotton enterprises began to increase, cotton market gradually warming, cotton purchase price also rose from the end of September to about 5 yuan per kilogram to more than 6 yuan.

In October 18th, the reporter consulted north and South Xinjiang.

Later, it was learned that the price of seed cotton in Akesu is 6.4 yuan / kg. The seed cotton price in Kashi area is 6.2 yuan / kg, and the purchase price of seed cotton in Bazhou Korla is 6.4 yuan / kg, up 0.4 yuan ~0.6 yuan / kg than in October 9th.

In the northern Xinjiang, Li Yonghe, a farmer in Jinghe Prefecture of Bo state, said that cotton prices dropped to around 5 yuan / kg at the end of September, and cotton prices continued to rise. Now the purchase price is around 6.2 yuan. If the machine is used for picking cotton, the price can basically be guaranteed. The target price of the government subsidy is 19800 yuan / ton, roughly equivalent to 8.8 yuan / kg. Last year, cotton purchase price was also 8.7 yuan / kg.

In fact, the rise in seed cotton purchase price is related to the rise in cotton futures price.

Cotton futures on the Zhengzhou mercantile exchange continued to rise in October 17th, and the cotton price of 1501 yuan was 13750 yuan / ton, up 130 yuan / ton, or 0.951%.

After October 5th, Xinjiang cotton rose.

In October 13th, the purchase price of seed cotton in Manasi, Shihezi, Kuitun, Jinghe and other places was 6.0~6.3 yuan / kg, up 0.5 yuan / kg compared with the previous period, mainly due to the shortage of seed cotton.

According to the insiders, the listing of Xinjiang's seed cotton has been postponed this year, resulting in some raw material inventory of cotton textile factories in the mainland bottoming out, and urgent need to replenish cotton stocks.

Analysts said that with the implementation of the Cotton Subsidy Policy in Xinjiang, the price of domestic cotton will be weakened by the policy implications, and will be determined by market supply and demand in the future.

Domestic cotton is expected to be under the expectation of continuous narrowing of domestic and foreign cotton prices.

The uplink space is limited.