Maximum Cotton Price Reaches ₹9,600 per Quintal at Manwat APMC; Prices Rise Consistently Over Three Days
Parbhani: Open auctions for cotton have commenced at the Agricultural Produce Market Committee (APMC) in Manwat, located in the Parbhani district of Maharashtra. Cotton prices at the market have shown a consistent upward trend. On Thursday (November 12), the maximum price for cotton reached ₹9,600 per quintal, with a total arrival of 1,200 quintals. The minimum price recorded was ₹9,410, while the average price stood at ₹9,500 per quintal.
The procurement of cotton through open auctions began on Tuesday (November 10)—coinciding with Diwali Padwa—at the Chhatrapati Shivaji Maharaj Market Yard in Manwat. On the first day, approximately 1,500 quintals of cotton arrived at the market, with prices ranging from a minimum of ₹9,260 to a maximum of ₹9,460, and an average of ₹9,340 per quintal.
On Wednesday (November 11), about 1,000 quintals of cotton arrived at the market. The prices recorded that day were a minimum of ₹9,340, a maximum of ₹9,510, and an average of ₹9,420 per quintal.
Consequently, over the course of three days, the maximum price of cotton increased from ₹9,460 to ₹9,600 per quintal, while the average price rose from ₹9,340 to ₹9,500 per quintal.
The auction process was inaugurated by APMC Chairman Pankaj Ambegaonkar. Also present on the occasion were Vice-Chairman Narayan Bhise, directors of the market committee, Acting Secretary Balasaheb Chokhat, Secretary Dattatray Chokhat, along with other officials, traders, and entrepreneurs.
During the event, cotton-growing farmers from various villages were felicitated. These individuals included Balbhim Chaure, along with Kailas More from Manwat; Amol Kadam and Shivaji Phulsurge from Arvi; Onkar Tare, Mahadev Raut, and Prabhakar Bhise from Kolha; Santoshrao Nirmal, Rameshwar Kale, and Anil Kale from Sawli; and Mauli Nirmal from Kharba.
Currently, cotton picking is underway in the region. According to APMC sources, farmers anticipate a further rise in cotton prices in the coming days. For this reason, rather than selling their produce immediately, they are keeping a close watch on market conditions. Consequently, the arrival of cotton at the market (mandi) remains limited.
read more:- આદિલાબાદમાં MSP કરતાં ₹300 ઓછા ભાવે ખાનગી વેપારીઓની કપાસ ખરીદી, CCIની ખરીદીમાં વિલંબથી ખેડૂતો ચિંતિત
