Cotton Farmers Information: This Year'S Cotton Spring Sowing Prepares Ahead Of Time.

 

Due to the abundant rain this year, the temperature rises faster, and is conducive to agricultural production. Some farmers who plan to plant cotton have to pay close attention to the farming season and prepare for the spring sowing of cotton this year. Talking about the intention of planting cotton this year, generally reflects the continued decline in enthusiasm. It is estimated that the cotton planting area in the Yellow River basin will continue to decline this year.

 

It is understood that by the sharp fluctuations in the stock futures market and the impact of Zheng cotton plummeting, the main body of confidence has been hit, cotton spot trading volume and price down situation. In March 16th, Hebei's Hengshui, Henan, Zhengzhou and other places Xinjiang hand picked cotton "double 28" delivery price has dropped to 12500 yuan / ton (public fixed, with tickets) near the "double 29" factory price quoted at 12800 yuan / ton, compared with the beginning of March fell 300-400 yuan / ton. There are more downstream enquiries and fewer actual transactions.

 

At present, with the gradual resumption of warehouses, Xinjiang cotton relocation work has also started. However, according to the feedback from various libraries, the warehouse business in recent years is deserted, and it is hard to see a deal. The main reason is that Shandong and Hebei warehouses are slightly slower than other areas, and there are strong wait-and-see sentiments.

 

In addition to upstream cotton, downstream yarn and grey cloth market also maintained a downward trend. It is understood that due to the widespread spread of the global epidemic, the market has become more pessimistic, and many weaving factories have been reducing production and selling policies for stocks.