Weekly Report: Xinjiang Seed Cotton Start to Trading Sporadically, both Domestic and Foreign Cotton Prices have Fallen

1. Xinjiang Picked Cotton Earlier than Last Year

Last week, cotton in Xinjiang, The Yellow River basin and the Yangtze River Basin was in the boll batting period. The batting peak period in Xinjiang was 3 ~ 16 days earlier than usual. The picking period was 5 ~ 7 days earlier than last year. In Northern Xinjiang, cotton is mainly picked by hand, while in southern Xinjiang, cotton processing orders are mostly floc cotton, and large-scale picking, acquisition and processing have not yet begun.

2. Both Domestic and Foreign Cotton Prices have Fallen

Last week, affected by the fall in crude oil prices, both domestic and foreign cotton prices fell. The average weekly price of CC Index (3128B) was 12740 Yuan/ton, down 51 Yuan from the previous month;Zhengzhou Commodity Exchange's main cotton contract CF101 weekly average price of 12722 Yuan/ton, down 336 Yuan from the previous month.