Cotton Picking In Xinjiang Has Been Over 70%, And Output Of New Cotton Has Increased In India.

In some parts of Xinjiang, the quality of cotton has been affected by the temperature drop and snowfall. Some cotton fields in Northern Xinjiang are affected by snowfall and the harvest is stagnant.

As of October 31st, the average picking rate in Xinjiang was 71.83%, slowing down by 16.9 percentage points compared with the same period last year. The picking in Northern Xinjiang is coming to an end. The picking in southern Xinjiang is still continuing. Most farmers are selling along with mining, and the phenomenon of selling less is less. The average sales progress is 61.55%, slowing down 21.2 percentage points compared with the same period last year.

Cotton picking is coming to an end. Cotton farmers are more concerned about subsidies. On the one hand, they want to know how to distribute subsidies this year. On the other hand, they hope to make sure whether there is a target price subsidy policy next year.

The price of seed cotton purchase is relatively stable this week. The price of hand picked cotton is 7-7.2 yuan / kg, and the price of machine picked cotton is 6.2-6.5 yuan / kg.

At present,

Mengaiti county and Xinhe County are in the peak of harvesting. The quality of cotton is better. The price of hand picked cotton is about 7.4 yuan / kg. The processing plants in Akesu area are concentrated, the resources are more intense and the prices are slightly higher. Most of the northern Xinjiang are machine picked cotton, the harvest peak has passed, and the purchase price has dropped to about 5.5 yuan / kg.

Processing enterprises are actively selling new cotton, the volume of pactions is increasing, but it is still lower than in previous years.

At present, the white cotton 3128 level quotation is about 14800 yuan / ton, the processing cost of machine picked cotton is 15000-15500 yuan / ton, and the cost upside down is serious.

Recent cottonseed

Rose slightly to 2.5-2.6 yuan / kg.

According to foreign reports, cotton production prices in India have been declining for the past two months due to the increase in cotton production.

After the recent decline in cotton prices in India, exporters began to look for opportunities for export.

This year,

Output is expected to reach 5 million 967 thousand tons, an increase of 3.8% over the same period last year. S-6 quotas have dropped 19% in a month, while ICE cotton futures rose slightly by 0.1% during the same period, which made India cotton's export competitiveness improved.

At present, cotton exporters in India are still waiting for a further fall in cotton prices before signing contracts with agents and foreign buyers.

Cotton exports in India are expected to decline sharply this year because of the bumper harvest of cotton in Pakistan this year and the demand for India cotton will drop sharply.

Owing to the decrease in India's cotton exports this year and the decrease in cotton consumption, India's domestic cotton supply will be adequate, and the total supply of cotton will reach 6 million 766 thousand tons, and consumption is expected to be 5 million 253 thousand tons.

In addition, this year's harvest is delayed in Gujarat and Maharashtra, so it will take time for new cotton to enter the peak season after Diwali.