Henan Province, the price of seed cotton price for 5148 yuan / ton

According to the monitoring bureau of Henan, Henan Province in late December price for seed cotton price of 5148 yuan / ton, the wholesale price for 5433 yuan / ton, the retail price of 5552 yuan / ton, respectively, than the 0.54 percent in mid-fall, 0.75% and 0.66% . As the financial crisis is spreading to China’s real economy, the extent of the cotton market is still deepening recession, combined with “selling cotton difficult” issue has not been fundamentally solved, the acquisition of cotton processing enterprises enthusiasm is not high, lack of confidence in cotton farmers. Recently the province is expected to seed cotton prices will continue to run the disadvantaged.