This year, we learned from the Jiangsu branch of the agricultural development bank that the acquisition of cotton is about to start this year.

This year, the cotton market in our province has been completely liberalized. The price of new cotton is entirely determined by the market.

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In Yancheng, Nantong and other cotton producing areas, the planting area decreased by more than 20% compared with that of last year. In addition, there were more pests and diseases such as bug bugs and whitefly.

However, due to the oversupply of cotton throughout the country, domestic and foreign futures prices are far below the current market price, and cotton prices will continue to fall. The general price of seed cotton purchase is generally estimated at 3.1 to 3.5 yuan / Jin.

After marketization, the price of cotton is entirely determined by the market.

According to the current cotton market, cotton prices will continue to decline, and the majority of cotton farmers should have psychological expectations.

This year, the price of new cotton in our province is much lower than in previous years. As one of the main cotton producing areas, Jiangsu has been actively striving for a certain quota subsidy to several cotton producing provinces in the mainland, and the specific policies need to be promulgated.

After the acquisition market is liberalized, the buyout enterprises will carry out the purchase according to the market price, and the cotton farmers can sell them to the local cotton purchasing enterprises.

And cotton purchasing enterprises do not have the backing of policy and so on. They should not only consider how to collect, but also consider how to sell. Cotton purchase is based on quality and price.

The purchasing price of enterprises is mainly based on cotton quality, referring to domestic and foreign cotton futures prices, and the downstream textile industry.

The price and other factors are comprehensively determined.

At the same time, according to the enterprise's own risk bearing capacity, production and operation level, as well as the sales order, and so on, we will place an order with effect, and sell the order.