This Year Cotton Seed Purchase Four Characteristics Cotton Enterprises Enter The Market Confidence Gradually Restored

It is reported that as of yesterday,

Kashi cotton region (including Bachu, Mengaiti, Jiashi, Shache, etc.)

The picking rate has reached more than 80%, and cotton growers and planting units only have to wait for picking up frost.

Picking progress was slow in Akesu and Korla, but the harvest rate of seed cotton was also generally 65-70% because of the decrease in yield per unit area and less rainfall.

The Corps mainly picked cotton by machine and started early. The progress of picking and selling also reached 80% and 70% respectively.

In the northern part of Shihezi, Kui Tun and other landlords cotton producing areas accounted for 80-85% of machine picked cotton, though affected by the gradual cooling of precipitation, the overall seed cotton picking and selling progress was close to 70%.

Some cotton growers in Hutubi, Manasi and Changji said they expect the end of mid November to pick up the flowers after harvest, and the yields and profits will also come to light. This year, the purchase of seed cotton is characterized by "late listing, quick picking up, slow sales, and little funds".

In late October, the purchase price of hand picked cotton was 40% yuan and 12% within Shawan, Jinghe, Tahe and other places in 5.4-5.5 yuan / kg, while in Shihezi, Kuitun and other regions, the 40% linen purchase price was 5.5-5.6 yuan / kg.

On the one hand, since October 20th, Zheng's main contract has continued to oscillate and rebound to 27 days, exceeding 300 yuan / ton. The panic of Cotton Traders and traders has been greatly alleviated, and confidence in the market has gradually resumed; on the other hand, 2015/16 has high grade and high quality.

The anticipation of the shortage is constantly warming up, coupled with the worry of missing the opportunity of the mid term purchase, some cotton enterprises have been adopting the Cotton Lined pledge loan and self financing mode in time, and the enthusiasm of entering the market below 5.50 yuan / kg has been continuously restored.