Henan Xinye cotton farmers continue to reluctant to sell cotton enterprises to suspend sales

On December 2nd, the purchase price of Grade 4 seed cotton of 400-type enterprises in Xinye County, Henan Province was 5.1-5.5 yuan/kg (about 38.5% of clothes and about 12% of water), which was basically the same as that at the end of November, but due to the previous high If the gap is too big, cotton farmers are reluctant to sell cotton, and cotton companies only purchase 5000-10000 pounds. 200 enterprises in order to compete for resources, the acquisition price is higher than the 400-type enterprises, now at 5.3-5.7 yuan / kg.

At present, the price of cotton lint 4 is in the range of 25,000-27,000 yuan per ton, and the sales price is 27,000 yuan per ton. Most companies have suspended the quotation and sales, and the textile mills are still in a wait-and-see state. The market turnover is scarce. Some cotton companies stated that at least until April next year, they will persist in storing cotton for price rebound.