Views: 5 Author: Site Editor Publish Time: 2019-11-14 Origin: Site
After the National Day holiday, machine-picked seed cotton prices tick up quickly in North Xinjiang, so new cotton costs have increased by nearly 2,000yuan/mt gross weight compared to that before the holiday. The increment of hand-picked seed cotton in South Xinjiang is smaller than that in North Xinjiang. Currently, picking of machine-picked seed cotton in North Xinjiang is drawing to a close, and prices stabilize, while harvests of hand-picked seed cotton in South Xinjiang are still going on, and seed cotton prices are still on the rise. The procurement of machine-picked seed cotton in North Xinjiang and hand-picked seed cotton in South Xinjiang will be analyzed in details.
1. Procurement situation of machine-picked seed cotton in North Xinjiang
North Xinjiang seed cotton starts to be transacted in late Sep, and purchasing volumes are limited before the National Day holiday, as ginners have not started to purchase actively, and seed cotton prices are low, with the costs around 11,100yuan/mt gross weight on theory. After the holiday, ginners begin to purchase on large quantity, and during the procurement, yield in North Xinjiang is expected to reduce this year as defoliant is operated earlier, while ginning capacity increases in North Xinjiang, so with the higher competition, ginners are eager to purchase seed cotton after the holiday. Seed cotton prices tick up quickly then, and ginning costs to lint rise to 12,700yuan/mt gross weight on theory, up about 2,000yuan/mt from Sep 30. In addition, as the machines increase and the picking speeds up, the harvests in North Xinjiang are basically complete, and prices stabilize at 5.1-5.2yuan/kg, some higher at 5.3-5.4yuan/kg in Kuytun.
For the seed cotton of Xinjiang Production and Construction Corps (XPCC), the increment of seed cotton is smaller. If the XPCC-origin seed cotton is sold to local ginners, growers cannot get the subsidy, so the XPCC-origin seed cotton prices are under control. The new cotton costs are about 11,400-12,000yuan/mt gross weight, lower about 700-1,300yuan/mt compared with the non-XPCC cotton.