South Xinjiang Agricultural Development Bank Or Stop Lending Cotton Yield Decline

According to some cotton growers and Zha Hua plants in Akesu and Bachu, the price of cotton planting continues to stay high, while cotton seeds and lint prices show signs of "touching the top". The agricultural development bank is worried that the risk of sales and profits will be enlarged. Therefore, some factories with high average purchasing price will slow down loan supply or suspend loan support, leading to a rise in some cotton areas in southern Xinjiang. According to a cotton business show in kpin, in late October, the Agricultural Development Bank and credit cooperatives once again raised the proportion of their own acquisition funds, and the ratio of their own acquisition funds to the loan quota was adjusted to 1:9 (1:10 in early October), and the "fixed loan" standard of the agricultural Development Bank was 5.50 yuan / kg. Higher than The difference between 5.50 yuan and kilogram is made up by the buyout enterprise itself. For example, the average purchase price of a factory is 6.50 yuan / kg, and the 1 yuan / kilogram price difference is all paid by cotton enterprises.

It is understood that as of November 2nd, Awati, Shah, Kuche, new and other cotton seeds still have 20-25% picking, but the frost will lead to a decline in yield and quality, plus the volume of pre harvest peach and medium flowers is far lower than that of the Zha Hua factory. Therefore, concerns about seed cotton production and high-grade cotton reduction are rising again. very Prominent, cotton enterprises sales enthusiasm is not high, apply for an appointment to enter the warehouse and apply for a move to the mainland regulatory repository of higher enthusiasm, November 2nd Henan, Shandong In Jiangsu, Zhejiang and other places mixed grade cotton (grade 2128, grade 3128) warehouse gross weight pick up price in 15300-15500 yuan / ton, has weakened.