Many factors cause the slow progress of cotton enterprises

As of October 14th, the accumulative turnover of deposits and listings totaled 276,100 tons. The accumulated turnover in the mainland was 62,940 tons, which was only 38% of the previous year, of which Hebei sold 24,150 tons in the same period of last year. This year, the contract for 8,580 tons was only 35% of the previous year. According to the analysis, the slow progress of deposits this year is mainly caused by the following factors:

1. In the first year of the implementation of the new national standard, changes in the deposit rules affected the progress of the deposits.

In order to meet the needs of the new system reform, the new national standard will be implemented starting from September 1 this year. The new national standard has cancelled the grade-level inspection standards implemented by cotton companies for many years, and has changed to a color-level inspection standard based on instrumental inspections, but this The grass-roots cotton inspectors who have implemented the inspection standards for several decades are difficult problems for most grass-roots cotton inspectors. Most people do not have a low heart. Therefore, enterprises wait for the implementation of the state's relevant implementation measures for storage and storage before they are purchased (national deposit cotton deposit inspection Implementation method was announced on September 13). It is understood that the majority of cotton companies did not open the scale after September 20 (after the Mid-Autumn Festival). The delay in the acquisition affected the progress of the deposit.

Changes in the deposit rules have affected the progress of the deposit. The first is to specify that a contract must be completed by a cotton storage company, which means that the entire contract (minimum 120 tons) will be completed by a 400-type cotton enterprise, and in the previous year it will only be an equity unit (required processing or leaser). All 400 cotton enterprises under the agreement can complete the contract together. A small batch of 60 lints can also be promptly formed into contractual deposits. At least 540 lints can be submitted for storage together this year. The intangible delivery cycle is at least extended. Two weeks or even more than one month. Secondly, after changing to color-level inspection, one color grade constitutes one batch. Most of the color grades of corporate deposits are 21, 31, 41, 12, 22 and five grades. Last year, there were at most two grades. time. The second is the increase of pricing indicators. According to the requirements of national purchasing and storage requirements, this year's valuation index has increased by 5 compared to last year (Macronium value, length uniformity, fracture strength ratio, rolling quality, heterosexual fiber content), if any of these indicators cannot meet Storage conditions, it can not be stored, the index constraints the difficulty of enterprise deposits.

Second, seed cotton cotton farmers reduce their expectations of high acquisition, high profit margins.

Affected by the widespread rainy weather around August, the cotton plants in the bottom of the cotton plant have become moldy and deteriorating, and the cotton farmers have reduced their production by more than 15%. To ensure that cotton growers have higher expectations for the purchase price of seed cotton in the new year, they all hope to reach 4.50 yuan/kg. But at present it is unable to satisfy its psychological desires. Farmers are reluctant to sell and have a strong psychological attitude. Their sales enthusiasm is relatively weak. It is difficult to acquire companies. The number of enterprises that have acquired more than 100,000 jins last year has reached a maximum of 50,000 kilograms this year. Therefore, as of the current The number of acquisitions was only about 10% of the same period last year.

The production cuts have strained seed cotton resources throughout the country. In order to increase the number of acquisitions and maintain normal production, cotton seed purchase prices are high, but due to fixed deposit prices, the company’s profit margin is only maintained at 500 yuan/ton. If the test results are not satisfactory, it will result in Because of the loss of the enterprise, the company’s acquisitions are all cautious and difficult to expand on a large scale. The acquisition time is extended and the progress of the deposits is slow.

Third, capital constraints constrained acquisitions, companies can not help but "smooth."

Since there is no 80% advance payment for this year's storage, but wait for the settlement of the bill, after the cotton company issues an invoice and mails it to the China Storage Corporation, the Chinese reserve company will only pay the full amount once. Most companies expect to start from the beginning of storage and return the funds. Will be up to a month, but the contract for the pre-bidding, the fiber inspection department has just entered the library for public inspections recently, which means that the time for the return of funds continues to postpone and is expected to exceed 50 days. The current business acquisition has been for one month, and the capital investment has exceeded expectations. Although the company has tried its best to prepare funds, it cannot be maintained for more than one month. Therefore, in order to guarantee daily cotton harvest, the company has only limited the amount of money collected recently. The strategy of good cotton will lower the number of acquisitions and wait for the return of funds for the contract. Therefore, the initial deposit time has been extended, but according to the cotton company expects that after the contract is successfully withdrawn, the progress of the deposit will be accelerated.