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Dezhou Cotton Prices Skyrocketed And Some Farmers Are Losing Money.

2011/7/20 9:30:00 68

In July 18th, reporters from

Texas

The cotton association of Dezhou learned that the cotton prices in 2010 were going up and down. As of the end of June 2011, the amount of cotton stored in the farmers' homes in the area of Dezhou was around 15%, and the amount of cotton stored in the county was about 25%. Some farmers had not sold any of them in the family, and they could only sell them with the new cotton in September.

According to Ma Junkai, Dezhou Cotton Association, the purchase price of seed cotton soared from 4.20 yuan / Jin in mid September 2010 to 7.20 yuan / kg in early November, and the price of lint rose from 18300 yuan / ton to 32000 yuan / ton in early November, rising 70% in two months.

Cotton prices plummeted in November 11, 2010. By the end of November, the purchase price of seed cotton had dropped to 5.30 yuan / kg, and lint to 26000 yuan / ton.

After that, the cotton seed rose slowly to 6 yuan / Jin before the Spring Festival, and the lint was raised to 28000 yuan / ton.

After the Spring Festival, it rose rapidly. In the 2 months of 2011, seed cotton rose to 6.30 yuan / kg, and lint rose to 31000 yuan / ton.

At the beginning of March,

lint

The price of seed cotton continued to decline. By the beginning of July, the price of lint cotton had dropped to about 22500 yuan / ton, and the purchase price of grade four seed cotton had been less than 4.5 yuan / Jin, close to the annual minimum price.

It is reported that the reason for the rise and fall of cotton prices is the reduction in domestic cotton production in 2010, resulting in a larger gap. Under the speculation of some hot money, cotton prices are generally high, and the fall in prices is a rational return.

According to Dezhou City

Cotton Association

Investigation shows that the sharp rise and fall of cotton prices has had a certain impact on Dezhou's cotton industry chain.

Cotton growers are reluctant to sell, wait and see, the progress of sale is obviously slowed down; cotton purchasing and processing enterprises are afraid to open up acquisitions, inventory is large, and losses are serious; textile enterprises have increased inventory and difficult sales, so it is difficult to maintain normal operation.

At present, 50% of the small and medium-sized textile enterprises in Dezhou stop production, and 30% limit production, and some large textile enterprises are generally inadequate.