China Cotton Institute: September harvest sales progress accelerated seed cotton prices

China Cotton Institute and National Cotton Industry Technical System Cotton Project Team, on September 30, 2012, fixedly investigated Sichuan, Hunan, Hubei, Chongqing, Guizhou, Suzhou, Henan, Fujian, Shandong, Shanxi, Shanxi, Xinjiang, Gansu and Liaoning provinces. The cotton harvesting and sales of 2200 designated farmers in 94 counties (groups, farms) in 15 provinces such as Heji, combined with the high yield of cotton to create test acceptance and field surveys, and issued monitoring reports.

1. Seed cotton harvesting progressed faster than the same period of last year to September 30. The progress of seed cotton harvest nationwide was 49.5%, an increase of 7.4 percentage points year-on-year and an acceleration of 17.6%, indicating that this year's cotton boll opening was better than the same period of last year, and harvesting was faster. Since mid-September, the country’s cotton districts have been up and down, but the Yangtze River and the Yellow River are now dry, which is conducive to harvesting. The harvesting progress is close to normal, and the progress of harvesting in the three major river basins has accelerated. The recovery rate of the Yangtze River was 47.6%, a year-on-year increase of 9.6 percentage points, accelerating 13.1%; the Yellow River harvest progress was 56.0%, an increase of 11.8 percentage points, an acceleration of 26.8%; Northwest harvest progress was 43.6%, an increase of 0.3 percentage points year-on-year Accelerated by 0.8% (Table 1).

Second, the new cotton sales slightly faster than the same period last year to September 30, the national seed cotton sales progress of 13.0%, an increase of 4.1 percentage points, an acceleration of 45.8%, close to the year round. The progress of the sale of the three major cotton regions has been accelerated (Table 2). The sales progress of the Yangtze River was 12.8%, an increase of 6.9 percentage points over the previous year, accelerating by 117.6%; the progress of the Yellow River's sale was 6.0%, an increase of 3.9 percentage points year-on-year, an acceleration of 186.6%; the northwest sales progress was 24.8%, an increase of 5.7 percentage points year-on-year. Accelerated 29.9%, of which harvesting in northern Xinjiang was faster than in southern Xinjiang, and southern Xinjiang’s machine harvesting had to enter harvest peaks on October 15 before it could be ginned and sold. Due to the drop in cotton prices, cotton farmers “have not sold or sold up”, and seed cotton sales have been accelerating; in addition, the acceleration of cotton harvest progress has also accelerated the progress of seed cotton sales; the introduction of temporary purchasing and storage prices in the country also makes cotton prices relatively Stability, to a certain extent, discouraged cotton farmers' sentiment on cotton prices.

3. The selling price of seed cotton fell to September 30. The price of seed cotton in China was 7.84 yuan/kg, down 5.4% year-on-year (Table 3). The three major river basins showed declines in different degrees year-on-year, and the Yangtze River, Yellow River and Northwestern cotton seeds were sold. The prices were 7.62 yuan, 7.81 yuan and 8.10 yuan/kg, respectively, down 7.4%, 2.8%, and 6.0% year-on-year. It is worth proposing that the price change of seed cotton is smaller than that of the previous month, and the temporary purchase and storage price has played a positive role in maintaining the stability of the price of seed cotton.

4. Progress of storage and early start-up 1. Progress of storage and storage. On September 10, the state started temporary storage, and in September (Table 4), the planned reserve was 840,000 tons, and the turnover was 381,000 tons. The transaction collection and storage accounted for 45.4% of the planned purchase and storage. Among them, the proportion of transactions in September 28-29 reached 77.3%. According to the statistics of the China Cotton Association, the average price of seed cotton collected and stored in September was 8.76 yuan/t and lint 19326 yuan/t. Among them, the average price of seed cotton in Xinjiang was 8.83 yuan/t, and the lint price was 19296 yuan/t; the average cotton price in the mainland was 8.69 yuan/kg, and the lint was 19351 yuan/t.

2. The mainland market has started differently. According to statistics from Jiangsu Province and Hebei Province on September 27-29, the markets in different regions started differently. Traders in Dafeng City stopped after the first harvest and purchased seed cotton 8.2 yuan/kg, equivalent to lint cotton 19,500 yuan/t, sales of 18,500 yuan/t, per ton. Accompanying the 1,000 yuan unfair purchase is stopped. Qiu County, Hebei Province, vendors are very busy, the purchase price of 8.3 to 8.4 yuan / kg, farmers are also actively selling. However, it is understood that the eastern Hubei market has not been started yet. The peasants have said that so far no trader’s purchase has been seen.

3, start the acquisition early, cotton farmers do not hesitate to sell, do not wait and see. All localities must start the market as soon as possible. Farmers should pick up sunny days to speed up harvesting, actively sell, and do not wait.

4. Strengthen supervision and supervision to improve the effectiveness of the implementation of temporary purchasing and storage policies. Affected by the unfavorable factors such as the global economic downturn and the decrease in textile and apparel exports, the market is generally concerned about the downturn in new cotton prices and concerns about problems such as difficulties in sales and pricing and pricing pressures. Therefore, supervision and supervision of temporary purchasing and storage policies must be strengthened to allow temporary receipts. The reserve policy shines on the majority of cotton farmers.

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