Cotton Market Update: Prices expected to rise this year; sale of stored cotton by farmers.
Cotton Market Update: Farmers are selling their stored cotton, and prices are predicted to increase this year.Maharashtr a: Cotton is being procured by CCI in the cotton yard since November 13 and 1 lakh 10 thousand quintals of cotton has been procured on nine cotton ginning and pressing in a month. Farmers are selling cotton due to failure of the expectation of price increase. Meanwhile, the arrival of cotton will increase in the coming timeCotton is being procured by CCI in the cotton yard of the market committee in Selu (district Parbhani) city since November 13 and 1 lakh 10 thousand quintals of cotton has been procured on nine cotton ginning and pressing in a month. Farmers are selling cotton due to failure of the expectation of price increase. Meanwhile, such is the picture that the import of cotton will increase in the coming time.After the timely arrival of monsoon this year, the cultivation of Kharif season crops like cotton, soybean, tur, moong and urid was completed by the end of June. Since the irrigated area in the taluk is very less, farmers have to depend on rainwater. Therefore, the financial support of farmers in the taluk is on the income of two crops, cotton and soybean in the Kharif season. The number of cotton ginning presses in the city is high.Apart from this, there are also cotton-based industries. Therefore, every year lakhs of quintals of cotton are purchased in the market committee and private mandis. Apart from this, a large amount of cotton is also imported from other districts. This year, cotton was cultivated in the highest area of 33 thousand 330 hectares in the Kharif season.Farmers had worked hard by buying expensive seeds, fertilizers and medicines. After satisfactory rains in June and July, the cotton crop was damaged due to heavy rains for two consecutive days in August and September, when the Kharif crops were blooming.Due to heavy rains, the fields remained waterlogged for several days and the crops turned yellow. Cotton was sown in two crops. Cotton is not getting the expected price in the private market for the last three years. Therefore, the government has started purchasing cotton from CCI at a guaranteed price of 7,521 quintals. However, the price is given on the basis of the grade of cotton. However, due to heavy rains, the quality of cotton has been affected and it has become difficult for farmers to recover their cost.Vehicles lined up to sell cotton■ Cotton is being purchased by CCI at 9 cotton pressing gins in the city since November 13.■ Farmers were expecting a good price for cotton. Some farmers had kept cotton at home for several months in the hope of price increase.■ However, farmers are seen selling cotton to CCI with the guaranteed price as they are not getting the price even after waiting for several months.read more :- Rupee falls 3 paise to 84.83 against US dollar in early trade
