Xinjiang: A high cotton yield is a foregone conclusion. Processing companies need to make rational acquisitions
This year, the cotton planting area in Xinjiang has dropped slightly year-on-year. However, thanks to the overall suitable weather conditions, cotton is growing well, the yield level is high, and a high yield is basically a foregone conclusion. According to forecasts from the statistics department, Xinjiang’s cotton planting area in 2021 will be 37.18 million acres, a decrease of 349,000 acres from the previous year, and the total output is expected to be 5.2006 million tons, an increase of 39,600 tons from the previous year.
In mid-to-late September, new cotton harvesting began sporadically. Southern Xinjiang was still dominated by cotton, and the purchase price was significantly higher. Especially after the Mid-Autumn Festival, machine-picked cotton began to appear on the market one after another. The purchase price exceeded 10 yuan/kg, and futures prices also rose sharply, far exceeding the affordability of textile companies, and market risks increased significantly.
With the large amount of new cotton on the market, changes in the demand for downstream textile cotton, and market price fluctuations, cotton purchase prices are more likely to open high and then go down. The current market sentiment is impetuous and the mentality of betting on the future market has intensified, which is not conducive to cotton. The industry continues to develop healthily.
At present, the Autonomous Region Development and Reform Commission, Market Supervision and Administration Bureau and other departments have taken measures such as strictly controlling the growth of processing capacity, accelerating the construction of corporate credit standard system and strengthening quality supervision. Ensure the smooth operation of the cotton market. In the next step, the autonomous region will increase market supervision, severely crack down on behaviors such as driving up cotton prices, rushing to harvest cotton, and speculation, comprehensively rectify the lack of strict implementation of standards and technical specifications in acquisition, processing, sales, and storage, and implement cotton quality supervision. Promote the sustainable and healthy development of the cotton industry in our region.
AAA
Disclaimer:
Disclaimer: Some of the texts, pictures, audios, and videos of some articles published on this site are from the Internet and do not represent the views of this site. The copyrights belong to the original authors. If you find that the information reproduced on this website infringes upon your rights and interests, please contact us and we will change or delete it as soon as possible.
AA
