Cottonseed prices generally decline around the National Day holiday

Cottonseed prices generally decline around the National Day holiday with increasing arrival of new resources, especially that of machine-picked ones in North Xinjiang. At present, Shandong, Hebei and Xinjiang-based cottonseed oil and delinting plants are cautious about procurement with wait-and-see stance. Machine-picked seed cotton with ginning yield of 40% is now procured at 5.3-5.9yuan/kg in Xinjiang, with the higher at 6.2yuan/kg. Hand-picked seed cotton is procured at 6.6-7.1yuan/kg, with the higher around 7.2yuan/kg. In Xinjiang, machine-picked cottonseed is around 2,900yuan/mt and hand-picked one is around 3,100yuan/mt. In Shandong, Hebei and Hubei, cottonseed price has fallen by 200-300yuan/mt to 3,800-3,900yuan/mt.