Jalgaon Cotton Market Update: Cotton prices in Khandesh have come down to the lowest level ie 7300 to 7400 rupees per quintal. The income has reached 80 thousand quintals per day. The rate level has fallen due to rising inflows.
This month income increased more. In April, an average of 68 thousand quintals of cotton was imported in Khandesh per day. The inflow has increased in the last three to four days of this month. Because the rainy season has cleared. Laborers have also returned to work. Cotton processing factories are working fast.
Demand for cotton has increased. This has increased shopping in villages. Income is also increasing. As a result, pressure on rates has increased. Currently 13 to 14 thousand bales (one bale is 170 kg cotton) are being produced in the factories of Khandesh. This process will be faster. Because the import of cotton is getting regular.
Last month, the average rate for village purchases was Rs 7,500 to Rs 7,600. But this month the rate has fallen. The minimum rate is Rs 7300 per quintal. The loss of farmers has increased due to low prices.
In Khandesh this year, the maximum purchase rate of Kheda was Rs 9200 to 9300 per quintal in early November. By February, rates continued to fall. But during this period the minimum rate was Rs 8100 to 8250 per quintal.
1900 loss per quintal to the farmer
In March and April the rate remained below Rs 7800 and this month the rate has come down to Rs 7400 per quintal. At present the farmer is suffering a loss of Rs 1800 to 1900 per quintal.
If cotton is kept in the house for a long time, it gets spoiled. Also, where there is cotton, there is now provision for keeping fodder. Due to this many farmers are selling cotton.
32 to 35 percent farmers have cotton stocks
Today, about 32 to 35 percent of farmers in Khandesh have cotton stock. This stock is more in Chopda, Yaval, Jalgaon areas of Jalgaon district. In Dhule and Nandurbar, only 20 to 25 percent of farmers have cotton stock.
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