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Market Dynamics: The Purchase Price Of Cotton In The Mainland Is Generally Higher Than Last Year

2021/9/29 19:59:00 175

Cotton

In the first half of September, China Cotton Association conducted a survey on cotton picking and selling among 1362 designated farmers in more than 260 counties and cities in 11 provinces and municipalities. The results showed that most of the cotton had entered the boll opening and boll opening and picking period, and a few cotton after wheat and oil had not been picked yet. In the first ten days of September, the climate was normal and the weather was fine, which was very favorable for cotton growth and boll cracking and boll opening. Because there was not much cotton picking, the cotton purchasing work had not started in an all-round way, and only sporadic vendors bought it. Affected by the rise of lint price, the purchase price of seed cotton this year is generally higher than that of last year; Cotton farmers reported that the quality of cotton was similar to last year.

According to the estimated yield, picking volume and sales volume of the surveyed cotton farmers, as of September 15, the picking progress in the mainland was 29.23%, 4.74 percentage points slower than that of the previous year; The sales progress was 3.00%, which was the same as last year. The average selling price of cotton in the mainland was 7.2 yuan / kg, up 22.87% year on year.

In the first half of September in the Yangtze River Basin, the weather was fine in most provinces, which was conducive to cotton growth and boll opening, and there was a slight drought in some areas. Due to the influence of typhoon, most areas of Jiangsu Province had two consecutive days of rainstorm and strong wind on 13 and 14, which had a negative impact on cotton. As of September 15, cotton picking progress in the Yangtze River Basin was 23.71%, 2.8 percentage points faster than that of the previous year; The sales progress was 3.79%, 2.6 percentage points faster than the previous year. Hubei Province, Anhui Province has a small number of sales, the rest of the region has not yet opened the scale. The average price of cotton sold by cotton farmers in the Yangtze River Basin was 6.60 yuan / kg, up 14.98% year on year.

The weather in the Yellow River Basin is suitable for cotton growth and boll opening in the first ten days of September. However, affected by typhoon last month, the number of rotten Bolls at the bottom increased, and a quarter of the picked cotton was stiff cotton. As of September 15, cotton picking progress was 33.86%, 8.56 percentage points slower than the previous year; The sales progress is 2.33%, basically the same as last year. There are a small number of sales in some areas of Hebei, Henan and Shanxi Province, and the ginning plants in the rest areas have not yet started and no one has purchased them. It is expected that the acquisition will start after the National Day Festival. The average price of cotton sold by cotton farmers was 7.80 yuan / kg, up 30.87% year on year.

The overall growth of cotton in Gansu Province is good. As of September 15, cotton has been picked sporadically, and the picking progress is 0.74%, 0.46% slower than that of the previous year. At present, the scale purchase has not been started.

(source: China Cotton Association)

 

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