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Cotton Prices Continued To Decline At &Nbsp; A Large Number Of Cotton Remained In The Hands Of Cotton Farmers.

2011/5/17 16:52:00 65

According to China's voice, this year, cotton prices have continued to decline, and many cotton enterprises have reduced their stock and risk, leading to a large number of cotton cotton in the hands of cotton.

Nangong city of Hebei province is one of the national high quality cotton production bases. The cotton planting area is about 700 thousand mu.

cottonseed

But many local cotton growers are not happy.

Wang Fuxing, a villager in Nan Bian village, told reporters that the 3000 kilograms of cotton harvested last year had not been sold at home because the price was not ideal.

Liu Jianping, who has planted cotton for more than 20 years, is almost the same as Lao Wang. He sold part of the cotton harvest last year, but most of it was still in his hands.

He told reporters that it has been the first time that cotton has not been sold for so many years, which is directly related to the instability of cotton prices: "more than 5 yuan now, no one wants to, and now the cotton station is closed, and no one will accept it."

Because many cotton farmers' cotton is pressed in their hands and no money is exchanged, some cotton farmers have to borrow money to grow new cotton: "now we can't sell it. Our farmers are buying chemical fertilizers, buying pesticides, they are on credit, and there is no money in their hands."

On the one hand, there is a phenomenon of reluctant sale of cotton farmers.

Cotton market

Prices fluctuate, and many cotton textile enterprises have reduced their inventories. This has resulted in a reduction in market demand for cotton. It is not surprising that no one has bought cotton from cotton farmers.

Chen Dianxiong, chairman of Xintai Textile Co., Ltd., Julu County, Hebei Province, said: "I adjusted this year to reduce inventory and avoid the risks brought to the enterprises by the peak of cotton prices."

According to China

Cotton Association

The latest survey data show that due to the impact of the fall in cotton prices, cotton producers in some cotton producing areas in the North basin of the Yellow River are reluctant to sell, and cotton companies dare not rush to buy them.

The market demand is decreasing and the price is falling. This has made many cotton farmers lose their enthusiasm for cotton management later this year: "next year I will plant other crops instead of growing cotton."