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Cotton Prices Continue To Rise &Nbsp; New Cotton Prices Are Hard To Judge This Year.

2010/6/11 10:37:00 39

Although cotton prices are rising steadily, because of the fact that cotton is still in the seeding stage, it is difficult for domestic listed companies to judge the price of new cotton this year.

New Sai shares from the second half of last year

Cotton price

The company benefited a lot from the rise. The company reported in 2009 that in the second half of the year, the market prices of seed cotton and lint cotton and cotton yarn sales were more obvious after the new cotton market came into being.

The development of new cotton farmers in Xinjiang, another major cotton producer, accounted for 60% of its main business income in 2009.

However, in the face of rising cotton prices, the representative of new rural development Securities Affairs said that

cotton

The price of the future is not good enough. Judging from the current situation of the company, cotton is basically sold out last year, and the price of new cotton in October is not good enough.

But it is noteworthy that, compared with previous years, the cotton concentrated disaster in Xinjiang has been postponed to mid May this year. At this time, the best seeding time has been over, and the timing of replanting is not good.

Therefore, this year, the new cotton market is also postponed compared with the previous years. It is expected that it will be listed in large quantities in early October. The production period of the affected cotton and the reproduced cotton will be shortened, the yield per unit area will decrease and the quality will be reduced.

However, there are

Industry insiders

The analysis shows that cotton is a crop with strong production and recovery ability, and the production cycle is longer. At present, it is too early to predict cotton production reduction in the new year.

Moreover, although the seedling is weak, it is difficult to affect the long-term growth of cotton. The decisive intervention on cotton yield and quality depends on the weather conditions in 7~9 months and the arrival time of autumn frost period.