In 2010, about 20% of cotton prices in Shandong's cotton production stabilized

In 2010, the cotton planting area in Shandong Province was 11.496 million mu, the total production was 7.18.4 million tons, and the average yield per mu was 62.49 kg. The total output and unit production decreased by 18.5% and 22% respectively from last year. This is news from the workshop on cotton production in the province held yesterday. In addition, the cotton price plummeted after the September-November surge, and now it has stabilized and recovered slightly.

The competent authorities plan that next year the province will stabilize cotton planting area of ​​over 10 million mu. According to the analysis of the competent authorities, since the listing of new cotton products in the beginning of September this year, the purchase price of seed cotton has been on the rise, but in the middle and late November, the cotton price has drastically dropped. Subsequently, the cotton price has been hovering low, and the price has recovered in early December. . The high and low prices of cotton have increased market risks and have not benefited farmers and processing companies. Stable prices are crucial to the healthy development of the industry.