Anhui Cotton Enterprises To Slow Down The Purchase Of Seed Cotton Prices Continue To Decline

< p > recently, the acquisition of "a href=" http://news.sjfzxm.com/news/list.aspx "Classid=101112107105" > Anhui > /a > Wuwei, Dongzhi and Linquan has slowed down. On the one hand, the price of seed cotton has been cut down and cotton farmers are reluctant to sell. On the other hand, the results of cotton enterprises' inspection are ignored, and they dare not buy up.

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< p > at present, the purchase price of inactive and east to cotton enterprises is 4.30 yuan / jin (37% of clothing, 13% of moisture and 1.5%). The purchase price of cotton peddler is 4.15 yuan / Jin, and it is 0.05 yuan / Jin before mid autumn festival. The purchase price of Linquan seed cotton is 4.10 yuan / jin (37% and 12%), which is more stable.

Cotton farmers believe that this year's cotton production in Anhui, coupled with the purchase and storage price support, is expected to rise later prices, there is a mentality of selling.

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< p > 25-26 September, at present, the ineffective cotton farmers have picked up seed cotton 40-50%, and the progress of sale is slow. Cotton farmers have considerable stock in their homes. The purchase amount from eastern to cotton enterprises is still only tens of thousands of pounds. Linquan has recently been dominated by rainy weather, which has brought inconvenience to cotton picking and acquisition.

At present, the work of "a href=" http://news.sjfzxm.com/ > cotton purchase "/a" has been carried out in the East, but the quality of new cotton, moisture, a href= "http://news.sjfzxm.com/news/list.aspx Classid=101112107107" > lint < /a > are not ideal. The results of partial sample inspection are not satisfactory, all of which are mainly composed of 2 grades of dirty cotton, and many of them are short of 27mm.

The price of cottonseed is falling, and enterprises dare not buy in quantity. Meanwhile, the purchase price of seed cotton is reduced.

With limited funds, Linquan and east to cotton acquisitions have been restricted. It is expected that bank loans will be gradually extended to enterprises after the National Day holiday, and the takeover situation may improve.

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