Maharashtra: 30,000 quintals of cotton arriving in the market every day
By ashish wagh 2024-10-04 11:06:33
Maharashtra: daily arrivals at the market of 30,000 quintals of cotton
Currently, 30,000 to 32,000 quintals of cotton are arriving in the country's markets every day, which is less than last season. Experts believe that due to the decrease in the arrival of cotton, its prices are improving.
Last year, in early October, six to seven thousand bales of cotton were being imported into the country every day, but this year this figure is much less. The main reason for this is the decrease in cotton cultivation in North India this year. Currently, cotton is being imported only from North India, while cotton picking has started recently in states like Gujarat and Madhya Pradesh. Due to this, the arrival of cotton is low across the country, due to which there is no huge fall in prices. In the next seven to eight days, the arrival of cotton may increase to 50,000 to 55,000 quintals, and it is likely to increase further in November. However, farmers have very low stock of cotton at this time.
The arrival of cotton is still low in Khandesh and other parts of the state, due to which the purchase of cotton has not started in the villages. Differences in cotton prices are being seen in different states and regions. The price of quality cotton in Khandesh is currently Rs 8,100 per quintal, while new cotton is being purchased at the rate of Rs 7,500 per quintal.
Low stock with farmers
At present, cotton imports in the country have come to a standstill, and farmers have also not yet started storing cotton on a large scale. Due to drought conditions this year, cotton production per acre has been limited to only 80 kg to one quintal. Apart from this, heavy rains in Maharashtra, Gujarat and Madhya Pradesh have also damaged the cotton crop, which has seen a decline in production.
