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The Price Of Cotton In China Is At A High Level.

2010/12/16 11:30:00 53

Cotton


   Our country cotton The price may remain high, and the transaction price will not be less than 25000 yuan / ton, the Cotton Research Institute quoted a survey of farmers and processing units.


Shortages, rising production costs and wave Support price, the Cotton Research Institute's China Cotton Association's official website said, but did not make a price prediction timetable. The report was made after a survey of 1628 farmers in 15 provinces in November.


   Unginned cotton The price increased by 75% over the previous season, averaging 10.80 yuan / kg. On the Zhengzhou commodity exchange, cotton futures in September increased by 1.9%, closing at 28105 yuan / ton.


In the interstate exchange, cotton futures for March delivery rose sharply by 5 cents to 1.4597 dollars / pound, the highest price since November 10th.


   Most farmers responded to the survey, hoping to raise their cotton planting season. Higher raw materials, labor and management costs may bring a cloud to the growth of cotton cultivation area.

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