Xinjiang: The purchase price of seed cotton is high and the harvest situation is expected to remain unchanged

At present, both domestic and foreign cotton futures markets are in a relatively high trend, and the purchase price of Xinjiang seed cotton is also getting higher and higher. Most people also believe that the risks are getting bigger and bigger, and relevant national departments have also stated that they will increase market supervision. , to ensure the smooth operation of the cotton market. However, with the advent of the intensive picking season, affected by objective conditions, the situation of companies rushing to harvest may not change.

On September 30, the highest price of the main contract of Zheng cotton reached 19,500 yuan/ton. As the futures market rose, cotton yarn also rose accordingly. Xinjiang seed cotton purchase After experiencing a slight decline in the early stage, the price rebounded again. Under such a sharp rise in the market, and when seed cotton is about to be harvested on a large scale, industry insiders say that it is inevitable for cotton companies to rush to harvest. The main reason for this situation is that with the popularization of machine-picked cotton in recent years, the picking period has been relatively concentrated and the number of local purchasing companies has gradually increased in the past two years. The situation of “more monks and less rice” has intensified, prompting companies to rush to harvest.

Xinjiang seed cotton will be picked in large quantities during the National Day. Although domestic futures are not open, purchasing companies will pay close attention to the picking situation and external market trends, and are always ready for war.

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