Cotton Prices Hit A Ten Year High Of &Nbsp; &Nbsp; Several Families Were Unhappy.

Cotton prices hit record high in ten years

According to new cotton group data, in 2010, Xinjiang announced the purchase price of seed cotton was 6.54 yuan / kg, an increase of 1.14 yuan over the previous year.

However, since the launch of new cotton in September, the acquisition price of cotton has been rising steadily. The purchase price of Xinjiang has risen rapidly from 8.50 yuan / kg to 10 yuan / kg, and the market has seen a high price of 11 yuan / kg.

During the national day, the purchase price of domestic seed cotton dropped with the fall of international cotton prices, and the average price of Xinjiang fell back to about 10.30 yuan per kilogram.

Due to the occurrence of low temperature and rainy weather, the purchase price of seed cotton has gone down after the National Day holiday.

As of October 14th, the average price of the region's acquisition reached 11.6 yuan / kg, of which the average price of the northern Xinjiang acquisition was 11.4 yuan / kg, and the average purchase price in the southern Xinjiang was 11.8 yuan / kg.

The purchase price hit the highest in ten years.

Wei Gaocheng, chairman of new cotton group, analyzed the reasons why cotton prices were too high.

He believes that this year, in addition to climate impact on cotton growth, macroscopically speaking, affected by the international financial crisis in 2008, textile enterprises export orders were low, resulting in reduced demand for cotton and lower prices, thus directly affecting cotton farmers' enthusiasm and reducing cotton planting area in the whole country.

After the financial crisis, cotton demand increased sharply, and there was a gap between cotton production and demand, prompting cotton prices to rise.

The change of international cotton supply and demand has also played an important role. Data show that in 2009, the main cotton producing areas in the world were affected by disaster factors, the output declined, and India banned cotton exports.

From Xinjiang cotton

After analyzing the reasons, Wei Gaocheng thinks that the high price operation of cotton has exceeded the psychological expectations of all sectors of the industry, which is obviously abnormal. Irrational factors have greatly pushed up cotton prices.

Cotton prices skyrocketing: Several joys and worries

Faced with soaring cotton prices, cotton related parties have different expressions.

The cotton grower smiled: the hard work of one year has paid a high price, and the newly picked cotton is not in a hurry to sell, slow down or even sell a better price.