When cotton production is reduced and cotton farmer become reluctant sellers this year

When cotton production is reduced and cotton farmer become reluctant sellers this year, coupled with loose liquidity and rising commodities, seed cotton harvesting has been generally slow and the price has been skyrocketing. After the Mid-autumn Festival in particular, machine-picked seed cotton in Xinjiang has gradually arrived at the market and the price has been rising faster after the National Day holiday. Now seed cotton procurement price in Xinjiang holds steady at high level, which is 10.4-10.8yuan/kg in the south and 10.6-11yuan/kg in the north, much higher than 6.5-7yuan/kg in the same time of last year.