Prices of good quality cotton are likely to be around ₹6,800-7,000 per quintal during October-November this year. According to a survey conducted by the Domestic Export and Marketing Intelligence Cell (DEMIC) of Tamil Nadu Agricultural University (TNAU), cotton sown during the current season will fetch ₹7,100 during January-February 2024.
This is higher than the minimum support price of ₹6,620 per quintal set by the Center for this season (October 2023-September 2024).
The university in a note advised farmers in Tamil Nadu to decide their sales and sowing based on the onset of north-east monsoon and arrival from other states. In Tamil Nadu, cotton is grown under both irrigated and rain-fed conditions. Sowing of rainfed crops continues till October in the southern districts.
A survey conducted by the Domestic Export and Marketing Intelligence Cell (DEMIC) of the Tamil Nadu Agricultural University (TNAU) said cotton production in the north has been affected by pink boll worm (PBW) infestation, although the area of the natural fiber crop has increased. In Rajasthan, Punjab and Haryana.
The price forecasting scheme is funded by the World Bank supported Tamil Nadu Irrigated Agriculture Modernization Project.
Citing the textile ministry, a TNAU press release said cotton was cultivated in 130.61 lakh hectares with a production of 343.47 lakh bales during the 2022-23 season – six per cent more than the previous year. Is. Cotton is cultivated largely in Gujarat, followed by Maharashtra, Telangana, Rajasthan and Karnataka. In Tamil Nadu, cotton cultivation has expanded to 1.62 lakh hectares with a production of 3.56 lakh bales during the 2022-23 season, showing a 10 per cent increase in acres.
The price forecasting scheme has analyzed historical cotton prices prevailing in the Salem region over the last 15 years and conducted market surveys to facilitate farmers in making sales and sowing decisions.
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