This Year, Cotton Has Become A "Noble" Class. What Will Happen Next Year?

One flower

Xinjiang Akesu is the first cotton town in China.

In October 8th and October 11th, cotton futures for the Zhengzhou futures exchange reached a daily limit for two consecutive days, and the price of 24325 yuan per ton had risen by nearly 40% compared with the lowest price of 17455 yuan / ton in September 1st.

A record high, many of Zhejiang's capital has been full of money.

In Akesu,

In September 29th, reporters started from Hangzhou, and they sat for 7.5 hours.

Due to air traffic control, when reporters arrived in the cotton producing town of Akesu, it was already the 30 morning.

In Sha Ya county, the cotton purchase price of Tian tou has risen from 8.8 yuan / kg in the end of August to 12.7 yuan / kg in October 11th, or 36.4%, which is no worse than the futures market.

Dai Lu, chief executive of Akesu Agricultural Technology Extension Center, told reporters that cotton prices rose this year, mainly related to the weather.

Xinjiang's weather is bad this year, and cotton production is down.

In addition, speculators hoarding goods and some enterprises are also helping cotton.

The reporter understands, the main reason that this cotton rises in price is cotton supply and demand situation is tight, supply exceeds demand.

At present, the demand for textile and clothing has increased significantly. In 2010 1~8, the export volume of domestic textile and clothing increased by 24% over the same period last year, while the total output of cotton in China will decrease by 12.4% over the previous year, to 7 million tons, the largest decline in cotton production since 2000.

According to the production and storage data, China's cotton production and demand gap reached 2 million 580 thousand tons in 2009~2010, an expansion of 1 million 170 thousand tons over the previous year.

Global cotton supply is also not optimistic. According to the US Department of agriculture's global cotton supply and demand forecast data, the global cotton supply in 2010/2011 decreased 6.6% compared with the same period last year, the demand statistics increased by 4.68%, and the inventory consumption ratio dropped to 36%, reaching a new low in 21 years.

On the one hand, cotton production is reduced, on the other hand, the demand is strong, which has made this year's cotton craziness.

Along the rural roads in Akesu, all the cotton cars are running along the road.

Local farmers and other cotton pick-up on the roadside, so that daily income also tens of dollars.

After the rise of cotton, many Cotton Traders went directly to the ground to buy cotton, giving them higher prices than the surrounding cotton ginning plants.

The cotton picked up was stolen directly from Cotton Traders without air drying, and cotton really became "Platinum" in the hands of cotton growers.

After the rise in cotton prices, the spinning mill had to cut production. Teng Minli, chairman of Xinjiang Sha Ya Hongli Textile Co., Ltd., said that the processing of 1 tons of yarn now needs to lose 3000 yuan. The consequences of high cotton price are only two, or raise the spinning factory price or stop production and rest.

In order to deal with the high price cotton, many cotton spinning enterprises take the initiative to reduce the production of cotton textiles, increase the use of viscose fiber and polyester fiber to overcome the pressure caused by the rising cotton price.

In Hangzhou Sijiqing fabric wholesale market, after entering October, the wholesale price of cotton cloth is also rolling up.

The wholesale price of cotton fabric in August is 36 yuan / kg, 38 yuan / kg in September, and 42 yuan / kg in October.

In the first three days of October, the average price of cotton cloth rose by 5% per metre per day.

"I want to buy cotton padded clothes. I'll start early. I guess it will increase by 50% at the end of the year."

According to the owner of a spinning mill, cotton has become a "noble" class this year.

The pressure of rising cotton prices has been passed on to consumers.