Cotton price soaring 40% Xinjiang Cotton's crazy scalping war

"China Economic Weekly" intern reporter Euna Lee | Xinjiang, Beijing reported up! Up！　　Up！ October 13, the Zhengzhou Futures exchange cotton prices again trading, reached 23932 yuan/ton. The price rose to 40% compared with the one-month-old offer, doubling the price of cotton over the same period last year.　　"Crazy Cotton" not only created a domestic 10 years of the highest record, but also broke the international cotton price 15 years of the highest point. As of October 15, in Xinjiang, where cotton production accounted for 40% of the country, the highest price of cotton had reached 12 yuan/kg, close to twice times last year.　　Cotton price soaring makes Xinjiang ushered in a cotton market storm, the history of the most chaotic, the most tangled harvest season began ... A "reselling" and "sell" the war late at night two o'clock, in Xinjiang agriculture Eight division of the regimental headquarters in a production and production corps, street lamps Bright, "pedestrian" such as weaving, all the highway "500.1-meter Hillock, 2000.1-meter whistle", there are people riding motorcycles patrol, etc.　　Regiment outside the highway, adjacent corps assigned to their respective sections, the traffic police team, Public Security Bureau, Corps cadres, can be deployed all out, all traffic must open the box to be searched.　　If you do not know, also think that there are major security issues, in fact, this is just a "sell cotton" protection net.　　September, cotton picking has just begun, "Cotton acquisition price will be much higher than in previous years," the "Explosive news" has been spread, but the corps of cotton farmers in a short period of excitement after the fall into the lost. Because in accordance with the provisions of the cotton planting in the national tax and subsidies and other preferential policies, but also must be in accordance with the national unified pricing to complete the acquisition, this is the cotton farmers in the Corps Chengbaotian premise conditions.　　By convention, "Unified pricing" is below the market price, therefore, the higher market prices will not give the corps of cotton farmers bring "business opportunities." According to a large cotton Wangxiao introduced, corps leaders in the "Autumn Harvest mobilization Meeting" revealed that this year's cotton purchase price of 8.5 yuan/kg.　　Because the corps of cotton acquisition and settlement unification at the end of the year, so now the announcement is only "temporary pricing", but according to previous years, "settlement price" generally and "temporary pricing" flat. Wangxiao calculate a sum, he contracted 500 acres of cotton field this year, the estimated total output is 150 tons, in accordance with the "unified pricing" 8.5 yuan/kg calculation, he can get more than 1.2 million yuan, but in accordance with the market price of 12 yuan/kg calculation, he can get more than 1.8 million yuan. "600,000 of the difference is enough to make people desperate to take the risk!" "The big men are boiling, the small family is also difficult to calm." In these one months, many strange faces appear in the field, they call themselves "cotton broker", cotton farmers called them "property flips", corps leader called it "speculation criminals." They passed the card to the cotton farmers, whose business card was written on the contact, location and price of the purchase. Look at some of the cards in the start, the price is high enough to face HeartsJump, how can cotton farmers still sit? So, the idea of "reselling" into a lot of people's heart. A lot of cotton farmers ' coffers are piled up with their picks, and farmers are eager to find all the holes they can drill. "If the highway is to be searched, I will take the dirt road, and I will sell it at night," he said. Sell a car, I will earn more than thousands of yuan Ah!　　Cotton farmer Wang Peng said excitedly. In a makeshift private acquisition station hundreds of kilometres away, the cotton is piled up into a mountain and the traffic is flowing. In order to speed up the flow, the acquisition of the station with the weighing, even a car with cotton weighing, deducted about the weight of the vehicle, you can unload the money. "It's all cash, and the owner sits in the money box waiting for the cotton."　　Wang Peng said. In Xinjiang, cotton planting is divided into "Corps planting" and "local planting" two kinds, corps of cotton by the state Unified acquisition, the local cotton allows free trade.　　In previous years, because cotton price stability, although the state acquisition price is lower than the market price, but the difference is not too big, therefore, "Bingtuan acquisition" and local "free trade" are generally carried out, non-interference.　　But this year, under the temptation of the high price difference, Bingtuan cotton farmers "private trafficking" showed a rare prairie fire, and "property flips" in the price continues to rise in the "encouragement", the acquisition station built in the vicinity of the Corps, waiting for the cotton farmers in the corps can "rush out" checkpoints heavy inspection, come to trade. And at close to the corps under the state-owned cotton processing plant is exceptionally deserted, this is the acquisition of the Corps designated location, all corps of cotton should be sent directly here, after a unified processing package, sent to the Treasury. However, in previous years, "long queues" disappeared, and some only sporadic several transport cotton cars, cotton crib is also shorter than in previous years a big cut. A cotton plant factory director said: "Now the number of acquisitions is less than one-third of our last year, our five workshops now only operates two." "The general office of the People's Government of Xinjiang Uygur Autonomous Region recently issued an urgent notice to ensure the current stable cotton market." Many corps leaders personally go to the layout "instead of selling" protection nets.　　Cotton farmers "reselling" is not willing to give up easily, began to hoard goods at home, waiting for the "wind" in the past to sell. November, cotton picking and acquisition work will be over, cotton buyers will give up the acquisition of Bingtuan Cotton? Will the Corps cotton farmers miss the last "opportunity to make a fortune"?　　This "scalping" and "buy" the war is bound to usher in the "Last Fight". The trouble of hoarding cotton: the lack of a large number of cotton workers Aksu is the largest cotton-producing region in Xinjiang, which accounted for 35% of Xinjiang, accounting for 10% of the country.　　According to industry estimates, in accordance with the market acquisition price of 12 yuan/kg, to mu output of 300 kg calculation, Aksu 4.5 million mu cotton field will produce 16.2 billion yuan of output value, deducting the cost of 1500 yuan per Mu, this year's "Crazy Cotton" may contribute 9.45 billion yuan for the Aksu prefecture income. This fall, AkzoNobel has many millionaires and billionaires, especially farmers who contract large farms."They are" kill red eyes, sell crazy heart. " Some millions of dollars in the hands of the farmers still wringing their remorse: "Watching the price of a day, really should sell more late!" "Over the years, the Xinjiang Uygur Autonomous Region government to encourage farmers to open up wasteland, a tax exemption, low-interest loans and many other preferential conditions, so the thousands of acres of wasteland to transform into fertile farmland to become the most popular, but also the most lucrative farming way."　　To this year's cotton price calculation, as long as the contracted area of more than 300 acres, the basic can get millions of dollars of annual income, not to mention there are many tens of thousands of acres of farmland farmers? In addition to the "top-notch" farmers, the small cotton farmers have also greatly fished. Many of the acquisition stations have directly sent the car to the cotton field to scramble for resources, as long as the picking down can immediately weighed pay. Cotton farmers in the face of the gratifying scene of demand, can also fork to the waist heartily carry bidding, or simply cruel to cotton are hoarding at home, and then patiently waiting for higher cotton prices. "In Aksu, almost every family is hoarding cotton, but the number is different," said Ma Yinan, the Aksu cotton farmer. "Hoarding cotton need to have warehouses, hand also have capital to turnover, not anxious to money." "Cotton price crazy climb also to cotton farmers brought trouble, originally on the shortage of cotton workers immediately take this opportunity to lift labor costs, want to seize the opportunity to take a piece."　　Compared with previous years, the wages of cotton workers have doubled, reached 2 yuan/kg, a cotton-skilled one day can earn two hundred or three hundred yuan, but even so, it is difficult to recruit people. Xinjiang Uygur Autonomous Region Government Deputy Secretary-General Wang Shaoning told China Economic Weekly, the shortage of cotton workers is mainly because last year's cotton production in Xinjiang, resulting in a low general income of cotton workers, affecting the enthusiasm of this year. In addition, some of the labor export major provinces are more inclined to solve the local employment, therefore, Xinjiang this year appeared a rare "labor shortage." For example, this year, the six division has planted a total of 650,000 acres of cotton, cotton workers need 43,000 people, the current gap reached 16,000 people. Xinjiang's Bo state, Kuitun, Ursula and other fields are also faced with the shortage of cotton mining workers, for a variety of reasons, the gap can not be counted.　　At present, Xinjiang and Gansu, Shaanxi and other land negotiations, the rapid mobilization of cotton workers, good harvest work. Also in the stockpile of cotton farmers have made a difficult, because the harvest and acquisition is almost at the same time, in two months or so, cotton to pick three to five batches, every 10 days or so picking. Now because of hoarding goods, picked down the first batch of cotton also hoard in the home, and did not exchange into cash, and the second batch of cotton picking artificially cost, need "massive haemorrhage", cash flow became a problem. Plus wadding cotton and so on, as long as the next light rain, cotton will bubble rot in the ground, then can be a penny is not worth.　　As a result, cotton farmers have to clean up their inventories as quickly as possible and get cash to cope with the large amount of labor they spend. Cotton farmer Ma Yinan said: "Originally wanted to borrow this good opportunity to make some money, but now the light to hire cotton workers will worry about the dead, helplessly watching cotton will rot in the field, just can't get back,It's too much to worry about. "Most of the buyers are" face ": 80% is Wenzhou people in recent years, because the cotton price has been not high, farmers have not mobilized the enthusiasm of cotton, resulting in the cotton planting area in China has been reduced year by year, cotton production significantly decline. According to statistics, 2009, there are 5 million tons of cotton gap in China. This year, due to the low temperature, coupled with the national cotton main production areas have encountered the snow disaster, such as: Xinjiang, Shandong, Anhui and other regions, the decline in production has become a foregone conclusion.　　Coupled with international cotton prices continue to rise, repeatedly breaking the peak of the strong cheer, Xinjiang cotton crazy Price is not surprising.　　Crazy Cotton attracted a large number of hot money into the Xinjiang.　　According to media reports, the data from the Zhejiang Chamber of Commerce in Xinjiang show that there are 250,000 businessmen in Zhejiang province now, with the cotton prices of Xinjiang higher, at least 10 billion yuan this year to evacuate Shanxi coal mine and real estate market, and moved to Xinjiang Cotton market.　　Although the head of the Xinjiang Zhejiang Chamber of Commerce has come forward to clarify: this data has not been published, but some insiders said that 10 billion yuan in the amount of investment is only a small number. In the interview, all the cotton farmers said: in Xinjiang Cotton business, 80% is Wenzhou people.　　Some only do the circulation link, earns the difference of goods in and out, and some also run private cotton processing plants in the local, for the mainland enterprises to supply simple processing of cotton textile. But unlike in previous years, this year, cotton farmers are familiar with the Zhejiang "Old buyers" disappeared.　　Cotton farmers Ma Yinan said that at this time of the year, there are dozens of "old buyers" came to Aksu to acquire cotton, they are most and cotton farmers are very familiar with, played a lot of years of dealings, but this year saw one or two acquaintances, more of the "face son." Compared with the old buyers, these "face children" appear more vigorous. They not only appear in the cotton main production areas of the field, but also often appear on the road to the cotton processing plants, they "call the price" or directly stop the car fare increase harvest.　　Crisp call price, a penny of the bargain, cash on the spot to pay the trading gimmick, the big surprise to the volume, the cotton has become the largest buyer of the characteristics. Compared with "face Son", "old buyer" in this year "crazy cotton Price" before, appear more rational. An "old buyer" told reporters, now the purchase price is very abnormal, much higher than the previous years of stable prices, they worry about a large number of acquisitions will wait for the bad news of the price drop, then, high-priced purchase of cotton will be smashed in the hands, he wanted to wait and see. "Cotton prices should fall, until the fall to 10 yuan/kg, I will buy a lot." "We do cotton acquisition for many years, are normal trading, those ' face children ' are here to ' hype ', the market price is they lifted up, make us all do business."　　The old buyer said. Xinjiang Uygur Autonomous Region Government Deputy Secretary-General Wang Shaoning that the abnormal rise in cotton prices and some hot money malicious speculation, gouging, hoarding goods Gutch close relationship. He repeatedly stressed the need to crack down on illegal operations and safeguard the order of the cotton market. WhileStrict credit audits are prohibited and commercial banks are barred from issuing loans to individual and private individuals engaged in cotton acquisitions.　　Processing enterprises unbearable "sky-high" Cotton: most limited closed acquisition of cotton may also sink the gas, processing cotton is already on a hot cat. So "crazy" cotton purchase price let a lot of cotton processing enterprises tiger. Xinjiang Aksu Tianshan Cotton industry general Manager Fanghong said, now each ton of cotton acquisition cost has exceeded 25000 yuan, and processing delivery price per ton 24000 yuan. Cotton processing prices are also rising, but obviously can't keep up with the acquisition price of the speed, and a lot of processing orders were signed last year, the price is determined according to the level of last year, "it seems destined to do a loss of business." "Xinjiang West Silver Force Cotton Industry (group) Deputy general manager Hongping told" China Economic Weekly ", cotton purchase price is high, cotton processing enterprises also dare not bulk purchase, otherwise the cost is too high, even if processing out lint, there is no cotton textile enterprises dare to buy.　　Moreover, the cotton purchase price "puffiness" has led to "has the price to have no market", at all not how many processing enterprises are willing to buy "sky-high" cotton. Many cotton processing plants in Xinjiang can see the machine shutdown, workers closed scene. Aksu a cotton processing plant, the workers have been resting for 12 days, recently resumed work, the design and processing capacity of 6000 tons of cotton processing plants are now less than 2000 tons of daily processing, but because each year with the cooperation of the cotton mills signed a supply and marketing agreement, they have to buy cotton seed, " The risk has been transferred from the cotton traffickers to our link. The factory owner said: "I am now losing money in business." "Because many cotton processing enterprises have already signed the supply order, therefore, have to borrow to buy" high-priced cotton. According to some cotton processing enterprises reflect that in previous years 30 million yuan, one can acquire nearly 2800 tons of cotton, and this year's funds can only receive more than 1400 tons.　　The shortage of funds almost troubled every Xinjiang cotton processing enterprises.　　Aksu Region Wenzhou Chamber of Commerce executive Vice President Chen Shiwen said, right now, the acquisition of local enterprises mainly rely on their own funds and customer's deposit, once the cotton acquisition into the peak, enterprises will face greater capital pressure. The local financial sector is also worried. Due to the recent fluctuations in domestic cotton prices, agricultural bank and other state-owned commercial banks or to withdraw from the field of cotton acquisition, or the scale of credit funds, the current support for cotton enterprises to buy the financial units left only the agriculture Development Bank and Rural credit cooperatives.　　Limited by the size of funds, enterprises can borrow from rural credit cooperatives are less, it is difficult to meet the actual demand for acquisitions; therefore, agricultural distribution has become the only "lifeline". But according to China Agricultural Development Bank Xinjiang branch customer director Ding told the "China Economic Weekly", because the cotton processing enterprises generally small, fixed assets are not more than 20 million yuan, but often to lend out billions of dollars to meet the operation of the purchase, in this year's high cotton prices outrageous situation,　　Agricultural issue loans will face unprecedented security risks. Reporter in the interviewLearned that there are a lot of "Zhejiang businessmen" simply abandoned this year's processing and trading, to make acquisitions, "hard work is not as good as profiteering to make money, we might as well do the raw material market!" ”。