Cocoon purchase price in Guangxi province this year follows the strong rebound trend from last year. The opening price of the first spring cocoon was over 64 Yuan / kg in mid-April and the highest level has reached 72 Yuan / kg.
In this period, the price has fluctuated between 56-70 Yuan / kg to register record highs in both the average price and the highest price.
Cocoon price once tumbled to below 20 Yuan / kg in 2008, due to the double impact of the global financial crisis and sericulture production cycle.
It is estimated that cash earnings per Mu sericulture will reach 4,200 Yuan this year (one hectare =15 Chinese Mu), 1,500 Yuan more than the actual earnings of 2,700 Yuan last year.
According to experts, cocoon price will inevitably decline after reaching its peak, judging from the trend of cocoon price fluctuations over the years.
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