Parbhani (Maharashtra) News: Cotton Auctions in Manvat Suspended from May 15; Farmers Urged to Sell Promptly.
By yash chouhan 2026-05-05 18:16:57
Parbhani (Maharashtra) News: Decision to Halt Cotton Auctions in Manvat from May 15; Farmers Urged to Sell Promptly
The Manvat Agricultural Produce Market Committee (APMC) in the Parbhani district of Maharashtra has announced that the ongoing cotton auction process at the Chhatrapati Shivaji Yard will be suspended starting May 15. This decision has been taken in view of the escalating heat and the fact that the season is drawing to a close. The administration has appealed to farmers to sell their cotton through the auction process before May 15.
The cotton auctions commenced during the second week of November. Initially, cotton prices hovered below the Minimum Support Price (MSP); consequently, the Cotton Corporation of India (CCI) procured 163,000 quintals of cotton at the guaranteed rate by the first week of February.
Subsequently, the market witnessed a steady upward trend in prices—on February 5, the rate stood at ₹7,190 per quintal, rising to ₹7,325 by the end of February. The rate climbed further in March; cotton was sold at ₹7,430 per quintal on March 8 and at ₹7,525 on March 13. The bullish trend persisted through the final week of March and into April, with prices breaching the ₹8,000 mark.
On April 20, cotton prices touched ₹8,800, and after April 22, they surged past the ₹9,000 threshold. On May 2, the average price was recorded at ₹9,330 per quintal, rising to ₹9,400 on May 4.
According to the APMC administration, since prices remained low during the initial phase of the season, approximately 80 percent of farmers had already sold their produce. The market subsequently rallied, leading to a significant surge in prices during the final phase. This turn of events left those farmers who had sold their produce earlier feeling a sense of loss.
APMC Chairman Pankaj Ambegaonkar stated that the situation would be reviewed after May 15, and a decision regarding the resumption of auctions would be taken based on the prevailing circumstances.
