The cotton market is under more pressure than ever this year. Most of the farmers have stopped selling cotton anticipating a rise in prices. There is not much arrival of cotton in any market this season. On the other hand, due to non-increasing rate, farmers are also worried about selling cotton. Although the ginning industry is currently happy because of the low rates.
At present, cotton is being bought for Rs.7.5 thousand to Rs.8300 only.
Experts say there are indications that the impact will be felt in cotton cultivation in the next season, which has seen a revival in cotton cultivation in the last two-three years due to good prices. Cotton cultivation was increasing at the expense of soybeans and other crops. Due to the prices reaching 10 thousand in the market, an atmosphere of satisfaction was created among the producers. However, this rate has not been achieved this season. At present, cotton is being bought for Rs.7.5 thousand to Rs.8300 only. The purchase rate of villages has also decreased.
Ginning industry happy with low rates
Akot, a major cotton market, has developed in this area. There the current rate of cotton is being sold between 7800 to 8300. However, the income is minimal. Most of the major cotton growers are still holding back the sale of cotton. Farmers are expecting an improvement in the existing rates. The cotton ginning industry is happy with the lower rates. But if we think about it from the other side, there is a possibility that it will affect farming in the coming season. If cotton cultivation declines, it may be time for entrepreneurs to recapture raw materials for the ginning industry. It had to be done in the past. Therefore, reduction in area under cotton cultivation will not be beneficial for this industry also.
producers in trouble
Increase the cost of production The farmers producing cotton are spending 30 to 35 thousand per acre due to high cost of agriculture, cultivation rate and wages. This year cotton had to be bought at Rs 10 to 12 per kg. 40 to 50 percent of the income is being spent. Besides, cotton production has come down in the first phase due to incessant rains. Due to this, the farmers had estimated that this year the price of cotton would reach at least 12 thousand. But it's all the other way around. This year the producer is in trouble as it is difficult to get the price of cotton even up to Rs 10,000.
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