Henan Fugou Cotton Enterprises Store Cotton Watch &Nbsp; Cotton Mill Limited Production Phenomenon Is Serious.
Recently, due to
Lint price
Continued decline, Henan Fugou cotton seed cotton purchase work stagnation, due to the stagnation
Seed cotton quotation
Cotton farmers are selling more cotton and waiting for prices to rise.
Acquisition progress
Around 60%.
As of April 12th, the local market 4 lint quotes have dropped to 26800-27000 yuan / ton, but the initial acquisition cost as high as 29000 yuan / ton, cotton enterprises generally said that they will not sell below the cost price.
At the same time, the sales of cotton mill products are not smooth, the pressure of cotton yarn inventory is large, capital turnover is difficult, and banks can not get loans, so they can only raise funds in small quantities, resulting in serious restriction on their production and scarce cotton purchase.
Insiders said that the local cotton mill production capacity has been compressed by half.
At present, the local weather conditions are good.
New cotton
Sowing, cotton farmers began to bowl.
It is understood that due to adverse weather in the critical growing period in recent years, cotton production and quality inspection have been seriously reduced. Farmers have adopted melon, cotton and wheat intercropping patterns in large areas in order to spread the risk of planting.
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