Last day of cotton procurement at CCI Kukshi Mandi: Record purchase of 1.92 lakh quintals fetched good prices; farmers' faces brightened
It's the last day for the Cotton Corporation of India to purchase cotton at the support price at Kukshi Mandi. The market secretary had already informed farmers about this. This season, the CCI purchased a record 1.92 lakh quintals of cotton from the Kukshi center.
Traders Received Prices Up to 1000 Rupees Higher Per Quintal
CCI Procurement Officer Uday Patil stated that this time the corporation purchased cotton at rates ranging from 7650 Rupees to 8010 Rupees per quintal. Especially in the months of November and December, CCI prices were up to 1000 Rupees per quintal higher than the open market trading prices. This huge difference has directly and significantly benefited registered farmers.
40,000 Cotton Bales Manufactured
This bumper procurement at the market has also impacted local industries. Approximately 40,000 cotton bales have been prepared in contract de-lining factories from the purchased cotton.
Due to CCI's activeness over the past three months, cotton producers have been increasingly interested in Kukshi Mandi, which has had a positive impact on the rural economy.
Market Revenue Also Increased
According to Kukshi Mandi Secretary H.S. Jamra, news of good prices led to a surge in cotton arrivals at the market. For the past 90 days, an average of over 200 vehicles have been arriving daily.
This record increase in arrivals has also resulted in a significant increase in government revenue from market fees. As tomorrow is the last day of procurement, remaining farmers have been urged to arrive on time with their produce.
