Madhya Pradesh: First Auction Held at Azad Nagar Sub-Mandi; Cotton Sold for Up to ₹9,011
A total of 118 quintals of maize and cotton arrived on the first day; farmers gain a new venue to sell their produce. (SIS)
On Thursday, November 5, the auction process for notified agricultural produce commenced for the first time at the Azad Nagar (Bhabhra) sub-mandi premises in Alirajpur district. A total of 118 quintals of maize and cotton were recorded on the opening day. During the auction, traders placed bids on various lots to purchase the farmers' produce. The highest price fetched for cotton was ₹9,011 per quintal.
Auction Commences in the Presence of Officials
The launch of the auction process at the sub-mandi was attended by SDM Deepika Patidar, Tehsildar Dinesh Vyas, and Jobat Grain Mandi Secretary Lakshmi Bhanwar, alongside mandi staff and traders. The procurement of agricultural produce began through a formal bidding process conducted in the presence of these officials.
Cotton Prices: Minimum ₹8,475, Maximum ₹9,011
On the first day, 62 quintals of cotton arrived at the Azad Nagar sub-mandi. According to available data, the sales were as follows: 18 quintals at ₹8,500/quintal, 20 quintals at ₹8,475/quintal, 15 quintals at ₹8,500/quintal, 5 quintals at ₹9,011/quintal, and 4 quintals at ₹8,541/quintal. (SIS)
Consequently, the cotton prices on the first day ranged from a minimum of ₹8,475 per quintal to a maximum of ₹9,011 per quintal. Traders purchased the cotton by placing bids on the various lots.
A New Option for Farmers to Sell Produce
The commencement of auctions at the Azad Nagar (Bhabhra) sub-mandi provides farmers in the region with an additional local venue to sell their agricultural produce. This will provide farmers with an additional option for selling their produce. At the same time, traders will also have the opportunity to purchase agricultural produce directly within the sub-market premises. (SIS)
Following an initial arrival of 118 quintals on the first day of auctions, the volume of agricultural produce arriving at the sub-market is expected to increase in the coming days. The procurement of maize, cotton, and other notified agricultural commodities is likely to boost agricultural trade in the region.
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