Purchase Of Yuepu Cotton Ginning Plant

In mid October, the purchase price of 40% lint seed cotton in yuepuhu area of Xinjiang was about 8 yuan / kg, and that of 40% lint seed cotton in Yingjisha area reached 8.45 yuan / kg. According to the current market situation, the local cotton ginning price will continue to rise.

The psychological expectation price of some ginning plants is 8 yuan / kg. However, in the face of the rising purchase price, some of the ginning plants are still enthusiastic about purchasing and continue to actively follow up the acquisition. It is understood that the cotton ginning plants with large processing capacity are all orders of previous months, and the ginning plants reflect that they are completing orders at a loss.

The local mechanical cotton picking gradually came into the market, and the cotton ginning plant gave the purchase price of 40% lint seed cotton at 6.5 yuan / kg. In the face of a large number of mechanical cotton picking situation of each ginning plant, some cotton ginning plants have signed a harvest agreement with cotton farmers, prepaying the down payment for cotton harvesting by agricultural machinery, so as to ensure a certain amount of purchase.