Seed cotton prices rise, but procurement progress is less than 15%

Xinjiang machine-picked seed cotton prices move up somewhat during the National Day holiday and after the holiday, up to 5.5-6yuan/kg. Bases on 2.85yuan/kg of cottonseed price, machine-picked cotton costs are at 12,000-13,400yuan/kg on theory. A few ginners insist to purchase at 5.2-5.3yuan/kg. But only a few ginners can procure seed cotton normally in Xinjiang as lots of regions are under static management affected by the epidemic. Ginners that can operate only purchase seed cotton nearby and growers are unwilling to sell. Therefore, it is supposed that less than 15% or even 10% of seed cotton is procured by now. The pressure for growers is increasing gradually, and later, if growers sell intensively, seed cotton prices are likely to fall down. In medium run, cotton prices are still easy to decline but hard to increase.