Cotton Production Increased And Prices Rose In Hunan Province This Year.

The new cotton has just come on the market this year.

The cotton planting area and unit yield have increased this year.

According to Chen Deli, director of the provincial supply and Marketing Association, the cotton planting area of the three main producing areas in the province is about 2 million 840 thousand mu, an increase of about 12% over last year. If there is no continuous rainy weather in the late stage, the average seed cotton output per mu will reach 275 kg, an increase of more than 10% over last year.

He expects total production in the province.

Cotton prices are running high.

The purchase price per kilogram of seed cotton was 9.6 yuan to 9.8 yuan, double that of 2008. The selling price of lint per ton reached 22400 yuan, up nearly ten thousand yuan lower than last year's low position, all of which reached the highest historical value.

The net income of cotton growers per mu is estimated to be around 2000 yuan, an increase of 40% over last year.

The provincial agricultural development bank has approved the maximum loan amount of 1 billion 500 million yuan for the acquisition of cotton, which can meet the needs of various types of acquisition loans.

Zhang Songbai, vice president of the Provincial Agricultural Development Bank, said that the cotton purchase and credit work of our province this year will adhere to the principle of "purchasing, stabilizing the market, adjusting the structure and preventing risks", and actively and reliably supporting enterprises to buy Cotton in the market.

While cotton prices are rising, they are also gathering risks.

He Yuegang, chairman of Hunan Yinhua group, analyzed the overall balance of global cotton supply and demand.

The increase in cotton prices is mainly due to speculative capital.

He suggested cotton farmers rationally sell cotton, rational acquisition by enterprises, and strengthen risk prevention.