Purchase price of Jiangsu seed cotton increased by 15%

Introduction: due to climate reasons, Jiangsu Province's acquisition time of open scale this year is about 10 days later than that of previous years It was not until around September 25 that it was generally opened In just over 10 days of acquisition period, the purchase price of seed cotton rose nearly 15% According to QWR, at the beginning of Jiangsu Province, the price was 1.9 yuan / Jin, but there was no market and almost no cotton Later, when the price rose to 2.0 yuan / Jin, there was a slight purchase Since October 3, all counties have continued to raise the purchase price to 2.15-2.2 yuan / jin (about 480 yuan / jin of lint), cotton farmers have been more active in selling cotton than in the earlier stage QWR according to the understanding of some key cotton producing counties, the main reason for the current purchase price increase: QWR first, Jiangsu Province is a large textile cotton province However, this year's cotton production in our province is affected by two factors: the reduction of planting area and the decline of per unit yield caused by unfavorable climate The reduction of production has become a foregone conclusion Both cotton and hemp companies and cotton farmers have some understanding of this situation, so there is a general reluctance to sell, which leads to the current difficult situation of cotton purchasing in textile factories QWR, as a means of national macro-control, is currently in the off-market stage of the national cotton trading market, and Chenmian can only meet the needs of low-grade cotton enterprises QWR 3 is the early textile enterprise inventory of 2001 cotton has been basically used up.