Cotton Prices Soar to ₹7,500 as Cotton Corporation of India Begins Procurement at Bhikangaon Mandi

Cotton Corporation of India Starts Procurement at Bhikangaon Mandi, Raising Cotton Prices to ₹7,500

Bhikangaon Mandi witnessed a surge in cotton prices on Thursday, reaching a high of ₹7,500 per quintal, much to the delight of local farmers. The increase follows the commencement of cotton procurement by the Cotton Corporation of India (CCI) at the minimum support price (MSP).

On its first day, CCI’s purchases were limited, with only two farmers managing to sell their produce. JP Singh, a CCI official, emphasized the need for farmers to register their cotton at the mandi to be eligible for MSP procurement.

The registration process has been simplified, requiring only an Aadhaar card, a bank account, and a mobile number linked to Aadhaar. The mandi was bustling with activity as more cotton deliveries poured in. According to Mandi Secretary Rachna Tikkekar, 185 bullock carts and 155 vehicles arrived with fresh cotton loads.

The price range for the day showed a maximum of ₹7,500 per quintal, a minimum of ₹5,558, and an average (model) price of ₹6,781. Local farmers like Jitendra Sejgaya and Rajendra Rathore expressed optimism, hoping that CCI’s involvement would bring price stability and better returns for their crops.

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