Henan cotton enterprises purchases from Xinjiang
Source: CTEI Date: 2011-09-28
In recent years, the cotton produced in Henan could no longer meet the requirement of the development of the textile enterprises, therefore at this time of the year, some powerful cotton circulation enterprises as well as some textile enterprises, as a way of making supplement to the local cotton resources, are making cotton purchases from Xinjiang. Despite that the price of cotton in last year brought people willies, the rigid demand from the textile enterprises in Henan still drove them on the road to Xinjiang. At present, the purchasing enterprises are filing into Xinjiang, some of them in the preparing stage while others of them are ready to make the purchases.
According to the feedback from the purchasing enterprises, so far the cotton in Xinjiang is not only in harvest, but also in high quality, yet due to the uncertainty of the situation of the textile industry so far, there is no big action on the market, only scattered purchasing. Cotton farmers and purchasers are all sitting on the fence and making no move. There is a big price difference due to different areas in Xinjiang, price for seed cotton is between 8.2-9.2yuan / kg.
