Over 150 Ginning Factories in Khandesh Face Closure Next Year, Warns Pradeep Jain
The cotton industry in Khandesh is staring at a major crisis, with over 150 ginning factories at risk of shutting down next year due to plummeting cotton prices and halted exports, warned Pradeep Jain, founder-president of the Khandesh Ginning Prasingh Karkhandar Sangh, in a statement to FPJ today.
Farmers are struggling as cotton prices have crashed, exports remain suspended, and income from the crop has dwindled. “Ginners cannot afford to pay more than ₹7,400–₹7,500 per quintal,” Jain said. “If this situation continues, the ginning industry in Khandesh will come to a standstill.”
Khandesh—comprising Jalgaon, Dhule, and Nandurbar districts—is Maharashtra’s leading cotton-producing region, yielding about 15 lakh bales annually. The local economy depends heavily on this sector, with thousands of jobs tied directly and indirectly to ginning operations.
However, this year’s heavy rains have severely impacted production. So far, only 5.5 to 6 lakh bales have been ginned, while another 2.5 lakh bales remain unsold with farmers waiting for better prices.
Adding to the woes, cotton exports are currently halted while nearly 40 lakh bales of imported cotton are lying in domestic stockpiles, worsening the internal market scenario. Although farmers seek higher returns, traders maintain they cannot pay beyond ₹7,500 per quintal, bringing procurement to a halt.
Cotton arrivals in markets have dropped sharply as farmers hold back their produce. Meanwhile, wholesale cotton prices have fallen from ₹56,000 to ₹53,000 per candy, with global demand also weakening.
“The current market stagnation is unsustainable. If farmers continue to face poor prices, they will cut down on cotton cultivation next year—forcing ginning factories across Khandesh to shut down,” Jain cautioned.
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