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Cotton Market Prices See Cotton Farmers Hope

2009/2/20 0:00:00 49

The near future

Cotton market

The market is rising, not only to bring hope to the enterprises, but also to enhance the expectations of the cotton farmers.

Linxi, Hebei

Cottonseed yield

The rate is 40% lower than that before the Spring Festival, while cotton and oil enterprises have started construction. The purchase volume has increased, resulting in a shortage of cottonseed supply, thus driving up prices.

At the same time, some of the 400 types of savings contracts are abundant.

cotton

Enterprises have also started to raise seed cotton

Price

Rush to collect resources.

In February 18th, the purchase price of grade 3 seed cotton in Linxi, Hebei was 2.54 yuan / jin (lint rate 38%, water mixed 10%), 4 level 2.37 yuan / Jin, up 0.01-0.02 yuan / Jin compared with 17 days.

Recently, cotton processing enterprises in Xingtai, Hebei generally reflected that the local cotton farmers had a strong desire to sell and the seed cotton sale was very inactive. Some enterprises sometimes failed to get even one or two cotton a day.

Even if the price has been raised to the maximum that the enterprise can afford, the purchase price of grade 3 seed cotton is 2.58 yuan / kg (39% of lint, 10% of water), and 4 level 2.42 yuan / jin (the same as above), which rose 0.02 yuan / Jin yesterday, but the purchase is still not ideal.

For cotton farmers, the psychology of waiting and watching is dominant.

Many cotton growers say that since the Spring Festival has been held, there is no need to rush to sell. After all, the commercial inventory of cotton is limited and can not meet the needs of textile enterprises.

Cotton farmers are reluctant to sell.

Market mainstream

At least 30% of the local enterprises started to feel that they had no rice under the table.

in order to

Seize resources

Some enterprises have begun sending people to buy acquisitions elsewhere. Under such circumstances, seed cotton prices are still rising.

Editor: vivi

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