Cotton Prices Surge: White Gold Reaches Record High
2025-04-01 13:58:00
Cotton Market Update: White Gold Rises; Read in detail the highest price achieved in this market
Cotton Market: The buying and selling of cotton had started from November. Meanwhile, farmers felt that prices would increase sooner or later. However, there has been no increase in prices even after the end of February. However, cotton has been getting good prices since mid-March.
However, cotton prices have been rising steadily since mid-March and on Monday, prices in the private market reached the season's highest level of Rs 7,930 per quintal.
After selling cotton, farmers are expressing displeasure over the price hike. Last year, after the monsoon arrived on time, farmers had completed Kharif sowing by the end of June. Then, after satisfactory rains, the cotton crop bloomed in full.
To get good yield, farmers also cultivate by spraying chemical fertilizers and pesticides. However, cotton and soybean crops suffered the most in the Kharif season due to heavy rains in August and September.
The cotton crop had turned yellow due to waterlogging in the fields for several days. As a result, only one cotton plant was produced in two harvestings. Initially, as the price of cotton was getting very low in the private market, the farmers sold cotton to CCI at a guaranteed price of Rs 7,521.
CCI closed the center after buying 3 lakh 91 thousand quintals of cotton till March 15. However, cotton prices have been rising continuously since mid-March. Cotton procurement is going on in the private market of the city. On Monday, the price of cotton reached the season's highest level of Rs 7,930 per quintal. Most of the farmers have initially sold cotton at CCI centers.
However, farmers who kept it at home in the hope of rising cotton prices are seen benefiting from the price rise. Meanwhile, the arrival of cotton in the private market has increased due to the daily increase in cotton prices in the month of March. Farmers are expressing some satisfaction over the recent increase in cotton prices.
Price rise after sale
At the beginning of the season, cotton prices ranged from Rs 7,200 to Rs 7,300. By the end of March, cotton prices increased significantly. On Monday, the price of cotton reached Rs 7,930 and is heading towards the Rs 8,000 mark. However, there is discontent over the rise in prices after the sale of cotton.
