Hunan Seed Cotton Purchase Price Doubled Compared With The Previous Year

Recently, Hunan The provincial supply and marketing cooperatives and the Agricultural Development Bank held a news conference on cotton purchasing in Changsha. It is estimated that the province will produce 6 million 600 thousand cotton seeds this year, a record high. Unginned cotton The purchase price has doubled over the previous year.

This year, Hunan cotton Planting area and unit yield all increased. According to Chen Deli, director of Hunan supply and Marketing Association, the cotton planting area of the three main producing areas in the province is about 2 million 840 thousand mu, an increase of 12% over last year. If there is no rainy weather in the late period, the average seed yield per mu is expected to reach 275 kg, an increase of 10% over last year. He estimated that the total output of cotton seed in the province will reach 6 million 600 thousand, the highest level ever recorded.

It is worth noting that this year, new cotton has just appeared on the market, showing a trend of high price. The purchase price per kilogram of seed cotton reached 9.6 yuan ~9.8 yuan, double that of 2008. The selling price per ton of lint reached 22400 yuan, up nearly 10000 yuan from last year's low position. The net income of cotton growers per mu is estimated to be around 2000 yuan, an increase of 40% over last year.

The Hunan Provincial Agricultural Development Bank has approved the maximum loan amount of the cotton purchase of textile enterprises to be 1 billion 500 million yuan, which can meet the demand for acquisition loans of various acquisition entities. According to Zhang Songbai, vice president of the bank, this year's cotton purchase and credit work in Hunan will adhere to the principle of "purchasing, stabilizing the market, adjusting the structure and preventing risks", and actively and reliably supporting enterprises to buy Cotton in the market.

Cotton prices are also risky at the same time. He Yuegang, chairman of Hunan Yinhua group, believes that the current global supply and demand of cotton is generally balanced, and the processing capacity of Hunan cotton enterprises is obviously overabundant. This increase in cotton prices is mainly caused by speculative capital. Therefore, he suggested cotton farmers rationally sell cotton, rational acquisition by enterprises, and strengthen awareness of risk prevention.