Tangshan: Seed Cotton Picking Is Coming To An End

On November 2, the picking of seed cotton in the main cotton producing area of Tangshan City, Hebei Province is coming to an end. It is understood that at present, most cotton farmers have basically finished picking, and a small number of contractors have not yet finished picking, but the picking progress has been about 90%. By the end of this week, the "beginning of winter" (November 7) will be basically finished, which is basically consistent with the same period last year.

Last week (October 26-november 1) Tangshan seed cotton sales slowed down, and cotton farmers' wait-and-see psychology increased. The first reason is that the cotton market rose sharply in mid October, resulting in the highest price of seed cotton of 4 yuan / Jin. Up to now, the highest price of seed cotton is 3.6-3.7 yuan / Jin, down 7.5-10%; second, cotton farmers are not in a hurry to sell seed cotton at the end of picking; third, the traditional thinking of cotton farmers is that after picking, they generally wait and see the price and sell them in batches, and the sales can be completed before the end of the year.

The price of lint cotton decreased from 3.6 yuan / kg to 3.65 yuan / kg, which was mainly caused by the decrease of cotton price in Tangshan. The current purchase price of seed cotton, cotton enterprises have no bottom in mind, in order to reduce business risk, the acquisition takes a cautious attitude. The amount of seed cotton purchased last week was basically the same as that of the previous week, with an average daily purchase volume of about 100000 Jin. It is expected that this week (November 2 - November 8) Tangshan city seed cotton purchase price small drop probability is larger.