Cotton Continues To Rise Wildly

In recent days Xie Provincial market cotton Prices continue to rise wildly. In November 8th, the purchase price of local weak three grade seed cotton was about 7.10 yuan / kg (39% of lint, 13% of moisture regain), four yuan of 6.90 yuan per Jin (36% of clothing, 14% of the moisture regain, the same below), five level 6.70 yuan / Jin, an increase of 0.30 yuan / Jin compared with last Friday, rising by 6.70 yuan / Jin compared with the beginning of September, rising by more than yuan yuan / Jin compared with the same period last year. cottonseed The price is 2.16 yuan / kg, up 0.06 yuan / Jin last week. Local lint sales prices also rose sharply. The level three has reached 31500 yuan / ton, and the four level mainstream price has reached 31000 yuan / ton, which is 2000 yuan / ton higher than last Friday.

The chief of cotton enterprises reflects that the recent increase in cotton prices has never been seen before. One day a price, I do not know when the highest price, the cotton is sold, is stored, at a loss.

At present, the local cotton picking has ended. With the continuous rise of cotton prices, cotton farmers are reluctant to sell more heavily and do not sell them. The purchase amount of each enterprise is not big, more than one day can receive 30 thousand jin, less than 10 thousand jin.