The new cotton will be on the market immediately, many guesses for purchase price are come out. How much will be the seed cotton price on earth?
On July 29th, on the market information exchange meeting for national cotton supply and demand in Dezhou of Shangdong Province, the relevant people in Leling of Shangdong expressed when they received interview from the CNCotton reporter, at present, the local cotton is growing well, the unit price is anticipated to exceed that of the last year, it is estimated that the cotton will be collected around September 15th. However, the seed cotton price in the new year makes them worried, this man thinks that the competition in the local market is very fierce. The cotton farmers have high expectations for the price of new cotton, the price of 5 yuan/kg can hardly purchase high quality cotton, he worries that the purchase price may rise to around 6 yuan/kg.
Some news says, in consideration of the great sales difficulty of ginneries, the Agricultural Development Bank of China (ADBC) in some areas of Hebei Province will delay the deadline for returning loans, and allow that the deadline of double zero settlement day can be delay to the end of August. At the end of this year, will the ginners really return the money back?
But it is fortunate, at present, the local lint is basically sold out in 2005/06, this makes the local ginners relieved. Furthermore, according to the introduction from some relevant people in Dezhou of Shandong province, it is estimated that the ginners in Shandong can be realize double zero settlement at the end of August, but the warehouse storage pressure in Hebei areas may be greater than other places.
