Cottonseed High Down 0.04-0.05 Yuan / Kg Cotton Enterprises Acquisition "Patience"

It is understood that since the middle of September, the price of cottonseed in the territory has dropped to the top, but because of the very few sales, the oil plant and the short pile factory are in a state of "no price, no market, no sales." On the 18 and 19 days, the price of 1.98-2.02 yuan / kg from the southern Xinjiang to the factory was 1.88-1.90 yuan / kg, and it was reduced by 0.04-0.05 yuan / kg compared to the first ten days of September.

On the one hand, the new seed market in 2019/20 has entered the countdown. The new seed has raised the oil production rate, but the water is relatively large and the impurities are not low. The oil factory and the short pile factory have to lower the purchase price and protect themselves in order to guard against the risks. On the other hand, in the past one or two years, there are less and fewer oil plants purchasing the cottonseed in the mainland in the past year or two (mainly Hebei, Shandong, Jiangsu and other places). The phenomenon of rush to harvest between the oil factory and the short pile factory has been weakened. Judging from the survey, by the end of September, Kashi's (Bachu), Akesu and Korla three cotton mills were still "numbered". In addition to the acquisition of 200-500 tons of cotton processing enterprises in Bachu, Mengaiti and Shache, the cotton enterprises in other regions were still in the trial and acquisition stage, and the purchase volume generally did not exceed 200 tons. On the one hand, the continuous low temperature, rainfall and light weather in the middle of September not only affected the growth of cotton, but also postponed the listing period of seed cotton (not picking up flowers before harvest); on the other hand, farmers did not approve or accept the listing price of cotton ginning plants, but still tended to "pre sale", but the ginning plants generally believed that the risk of "no pricing, no settlement or non Invoicing" was more risky, and the phenomenon of reduction and rejection occurred frequently. Of course, the CF2001 contract has fallen below 13000 recently, and the price of cottonseed has also been reduced.