Cotton Prices Continue To Go Down In Hebei, A Large Number Of Cotton Stranded Cotton Farmers

It is reported that this year, cotton Prices continue to decline, many cotton enterprises have reduced inventory and reduce risk, resulting in a large number of cotton farmers stranded in the hands.
Nangong city of Hebei province is one of the national high quality cotton production bases. The cotton planting area is about 700 thousand mu. At the moment, new cotton seeds have been sown, but many local cotton growers are not happy. Wang Fuxing, a villager in Nan Bian village, told reporters that Price Not ideal. Last year, 3000 pounds of cotton harvested had been stored at home and not sold: "the price is going down, not selling much."
Liu Jianping, who has planted cotton for more than 20 years, is almost the same as Lao Wang. He sold part of the cotton harvest last year, but most of it was still in his hands. He told reporters that it has been the first time that cotton has not been sold for so many years, which is directly related to the instability of cotton prices: "more than 5 yuan now, no one wants to, and now the cotton station is closed, and no one will accept it."
Because many cotton farmers' cotton is pressed in their hands and no money is exchanged, some cotton farmers have to borrow money to grow new cotton: "now we can't sell it. Our farmers are buying chemical fertilizers and buying pesticides. They are on credit. capital "
On the one hand, cotton farmers are reluctant to sell. On the other hand, because of the large price fluctuation in the cotton market, many cotton textile enterprises have reduced their inventories, which has resulted in a reduction in market demand for cotton. It is not surprising that no one has bought cotton from cotton farmers. Chen Dianxiong, chairman of Xintai Textile Co., Ltd., Julu County, Hebei Province, said: "I adjusted this year to reduce inventory and avoid the risks brought to the enterprises by the peak of cotton prices."
According to the latest survey data released by the China Cotton Association, due to the impact of the fall in cotton prices, cotton farmers in some cotton producing areas in the North basin of the Yellow River are reluctant to sell, and cotton companies dare not rush to buy them. The market demand is decreasing and the price is falling. This has made many cotton farmers lose their enthusiasm for cotton management later this year: "next year I will plant other crops instead of growing cotton."