Cotton Prices Fall, Some Cotton Farmers In China Want To "Abandon Cotton And Grow Grain".

Recent cotton

Mamuti Cajal, a cotton grower in Hai Lou village, Sha Ya county, Xinjiang, has planted 10 mu of cotton this year, and has picked nearly half of it.

Although the cotton harvest was good and the quality was good, it did not make him happy.

"Last year, the average purchase price of cotton reached 14 yuan per kilogram. If we can't get 9 yuan this year, we should say that it is difficult to maintain capital gains."

He said.

Insiders said that the economic environment and cotton at home and abroad

Jin Minghai, a cotton grower in Jin Hao Zhuang Township, Linqing City, wanted to have more varieties of food last year. But because of the good price of cotton, there were many kinds of cotton. The drop in cotton prices made him regret. "Cotton can only grow one season, and wheat can grow corn next year. In the past few years, planting cotton is better than growing grain." Jin Minghai

The reporter understands, in recent years, the income of Chinese cotton farmers has been relatively low, not high yield, low price, that is, too little output.

Last year, the price of a substantial reduction in production increased to 14 yuan per kilogram, but many farmers did not make timely preparations, and the yield of cotton per mu was reduced by 1/3. Cotton farmers also failed to get a good harvest.

Although prices have fallen, the cost of cotton planting has not declined.

The calculation by the Department of agriculture and economic affairs of Sha Ya county shows that the cost of planting one mu of cotton has exceeded 1000 yuan this year, which does not include the labor cost of the farmers themselves, the cost of accommodation for the employees, and the cost of picking cotton.

The yield of seed cotton has been lower than that of grain crops, and many cotton farmers in China have begun to switch to production.

In Shandong, Dezhou, Liaocheng and other places, reporters saw some farmers began to pull cotton and relay wheat.

Yu Dianping, director of the plant protection station of the Agricultural Bureau of Xiajin County, Shandong Province, said that farmers are very sensitive to prices. Because of the continued low yield of cotton seeds, many farmers have abandoned cotton in recent years. Cotton prices rose last year to alleviate this phenomenon, but this year the situation has emerged again.

In order to protect cotton farmers' interests and stabilize cotton planting and supply, China has launched a temporary storage and purchase plan in the year of new cotton. If the market price falls below 19800 yuan per ton, it will open up and store up. If it is above 19800 yuan per ton, it will follow the market.

There is a policy of purchasing and storing the bottom. It is expected that the domestic cotton market will remain stable in 2011.

In addition, the Bohai commodity exchange of Tianjin has launched a spot trading contract for two varieties of cotton (Xinjiang) and cotton (East China), aiming at promoting the construction of a spot trading platform for cotton at the beginning of the new cotton year, which will help to build a multi-level cotton market.