资讯 1 10 英文网 283 Cotton News 563002 China to havest a big ELS crop in 2016 2016-09-06 15:45:24 yangfang
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China to havest a big ELS crop in 2016
2016-09-06

This year’s ELS cotton will have a bumper crop, according to the field survey of CNCIC in Awati county, Xinjiang. ELS will continue have an excessive supply this season. Procurement price could be lower this year.   

 

Cotton area in Await county totals 1.38 mil mu this year. This includes 1.1 mil mu ELS and 280,000 mu upland. According to Akesu Bureau of Agriculture, more ELS have been planted other than Awati county in the past two years. Total ELS in Akesu area reach 2.2 mil mu in 2016, the highest in recent. Plus an ideal weather, Xinjiang ELS production is projected to be one third higher than last year. ELS yield is forecast to increase from last year’s 200 kilo/mu to 270-280 kilo/mu this year. ELS production in Akesu could reach 200000 tons. Last year, Awati ELS totaled 70000 tons in 2015 and this year will be at least 90000 tons. 

  

Good quality is also observed along with a bigger crop. Average staple length is above 38mm and 39mm. Early picked styles have a mic of 4.3 and a strength of 50 plus, which is well above last year. 

  

ELS price, however, is facing downside risk amid a good crop and quality. Procurement price stood at 8 yuan per kilo during the early period of previous season, which is equivalent to 22000 in lint price. Price fell to 7.6-7.7 yuan later, and by the end of 2015, cotton enterprises sold at 23000. Price dropped to a low of 19800 in 2016, which is 300 yuan loss. Domestic demand is almost 100000 tons last year. With a projected crop of 200000 tons, cotton firms keeps procurement price at 7.0-7.5 yuan per kilo now.