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Cotton Prices "Roller Coaster" Helpless Cotton Wait And See

2010/12/16 16:57:00 59

The reporter learned from the cotton association of Dezhou, Shandong province.

Cotton price

A sharp decline, from 7.20 yuan in early November to 5.7 yuan in recent days, cotton prices have experienced a "roller coaster" market, cotton farmers have no choice but to wait and see cotton, to a certain extent, or will affect next year's cotton planting enthusiasm.

It is understood that

Texas

The city is one of the key cotton producing areas in the country. The annual cotton planting area is 2 million -300 mu, but this year the cotton field area is only 1 million 550 thousand mu, a decrease of 32% over the previous year. It is the smallest area in nearly 11 years.

In the middle and August of last year, continuous large scale high intensity rainfall and cloudy weather had a great impact on cotton yield and quality. The average yield per seed cotton was only 410 kg, which was more than 20% lower than that in the normal year.

Cotton prices have risen sharply since the launch of the new cotton market this year.

From the beginning of September, the price of 4.20 yuan / kg has been rising to about 7.20 yuan / kg in early November, or 71%, a doubling over the same period last year, which has hit the highest price ever. However, after entering late November, cotton prices began to fall, and cotton farmers' reluctant selling mentality intensified.

The cotton price rose earlier, to a certain extent.

Cotton grower

The psychology of holding cotton for sale is more and more not sold.

Unexpectedly, cotton prices fell sharply after November 10th, and fell to about 5.7 yuan per Jin, or nearly 20%.

According to the calculation of 410 Jin per mu, 615 yuan per mu less than the highest price is a big figure for cotton growers.

Over the past week, cotton prices have stabilized. If calculated at 410 Jin per mu, 5.7 yuan / Jin, the output value of Mu is 2337 yuan, and the direct cost of seed cotton is 390 yuan / mu (excluding labor cost, land cost and staff picking up cotton cost), plus 15 yuan per mu fine seed subsidy, and 1962 mu income.

Dezhou Xiajin and Wucheng county are the traditional large cotton planting counties, accounting for about 60% of the cotton area of the whole city. According to the custom of past years, local cotton farmers have the habit of selling cotton after the Spring Festival. At present, local cotton farmers only sell about 20%. The fluctuation of cotton prices has affected cotton growers' enthusiasm for planting cotton to some extent. Experts of Dezhou Cotton Association believe that this year's market will affect cotton growers' enthusiasm for planting cotton to a certain extent.