# Xinjiang Hoarding Cotton Is Losing Money And Cotton Is Not Available.

> Some Kashi, Xinjiang acquisition companies have begun weighing in new-crop cotton at 2.50-2.55 yuan/jin, but farmers expect higher prices and sales are slow. A buyer reports 3,000 tons of processed lint unsold and losing money at 13,000 yuan/ton, while cottonseed quotes sit around 0.95-1.015 yuan/kg.

- Date: 2019-09-17 · published 2019-09-17T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/57197-xinjiang-hoarding-cotton-is-losing-money-and-cotton-is-not-available
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Slow farmer selling and weak lint demand point to cautious cottonseed buying, a minor factor for cottonseed meal supply in China.

## Read by commodity

- CSM: neutral
- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- sjfzxm.com: http://sjfzxm.com/global/en/550086.html
- sjfzxm.com: http://www.sjfzxm.com/global/en/549966.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.