Akesu Cotton Purchase Price Is New High &Nbsp; Risk Is Too High, Cotton Enterprises Dare Not Buy Freely.
High
Cotton price
It is a golden opportunity for cotton growers, but it may mean disaster for processing and textile enterprises.
In 2010, the purchase price of cotton in Akesu has been leading the whole Xinjiang. The purchase price of seed cotton has been above 11 yuan / kg for a long time. Wu Zhaoyun, the manager of Jinxiang cotton processing factory, has been in a state of terror recently. "Cotton price in 2010 is the highest in the past, and it is impossible for us to accept it, nor dare to accept it.
Purchase volume
It's 70%.
If we don't dare to accept it again, we are also afraid that the risk is too great.
The processing enterprises dare not accept, and the banks dare not extend too much loans.
The Agricultural Development Bank of China has a risk averse behavior, which stipulates that only when the price of the seed cotton market is below or remains at the control line of 8.8 yuan.
Cotton ginning enterprise
Only then can it be used.
More difficult is the cotton textile enterprise, general manager of Bazhou Wu's Cotton Industry Co., Ltd. Wu Shizhao: "the market operates like this, I think it is very irregular.
We do not dare to enter more cotton, we can only look at the market, do a little bit, do not dare to press a lot of cotton.
At present, many cotton spinning enterprises are in a state of shutdown and semi shutdown.
Jiang Tao, chairman of Xinjiang's Golden Spinning group, the largest state-owned cotton textile enterprise in our district, said that although the price of cotton yarn has gone up, it can not make up for the loss caused by high cotton prices: "if you do not buy such a high cotton, it will close down. As our state-owned enterprise, No. 2000 workers bear social responsibilities. We dare not close the door, then we will lose money."
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