Shandong Cotton: March Cotton Seed Purchase Price 15-21 Days A Week

Shandong agricultural information center statistics, March 15-21 days a week, the province's seed cotton purchase price has risen.

Jinxiang 3 grade seed cotton 3.78 yuan / Jin, 4 seed cotton 3.71 yuan / Jin, each catty up 0.05 yuan last week; Dezhou 3 seed cotton 3.83 yuan / Jin, 4 grade seed cotton 3.76 yuan / Jin, catty 0.13 yuan.

The reasons for the recent rise in cotton prices are: first, the price of cotton yarn has increased rapidly after the Spring Festival, rising by 1500-2000 yuan per ton; two, cotton futures prices have continued to rise; three is the national cotton production reduction, and cotton prices are expected to be strong; four, the slow adjustment of Xinjiang cotton has led to relatively insufficient resources in the mainland; five, after the Spring Festival, textile enterprises have started construction and increased cotton consumption.