Speculators Disappear &Nbsp; You Will Have To Wait For Cotton This Year.
September is the beginning of the cotton purchase season in the new year.
cotton
This year has changed a lot.
According to the China Cotton Association, cotton production in the 2011 cotton year (from September 2011 to August 2012) will reach 7 million 380 thousand tons, up 11% over the same period last year.
cotton
Output has been increasing, demand has not been enlarged synchronously, which makes cotton prices lack the upward trend.
In China's main cotton producing area of Xinjiang, the opening price of 8.5 yuan / kg is lower than the average price of 12.4 yuan / kg last year by more than 30%.
According to the present
Price
Cotton farmers have worked hard for almost a year, and they can hardly make much money.
Cotton growers have been reluctant to sell, and most of the machines in the ginning mill have not yet started. Last year, a group of cotton looers on both sides of the road disappeared.
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