Cotton prices rise above MSP levels on strong demand
Cotton prices have been firming up globally and futures on the ICE market have gained by around 15 per cent since the first week of March
Cotton Corporation of India (CCI) has hiked the floor price for the 2025-26 crop by ₹1,300 per candy on Monday, inline with the global prices and strong domestic demand.
Including Monday’s revision, the total price increase carried out by CCI is ₹3,200 per candy of 356 kg since early March for the 2025-26 crop.
Cotton prices have been firming up globally and futures on the ICE market have gained by around 15 per cent since the first week of March. Cotton futures for May delivery crossed 70.12 cents per pound, while the July’ delivery hovered around 73.28 cents.
More rise likely
Prices of raw cotton have firmed up, though most of the 2025-26 crop has already arrived into the market. Raw cotton (kapas) prices traded above the minimum support price (MSP) of ₹8,110 per quintal in the range of ₹8,400-8,700l in some markets such as Raichur and Adoni, and also in parts of Maharashtra and Gujarat.
In Raichur, the raw cotton prices ranged around ₹8,500-8,600, while in Adoni it was ₹8,500-8,700. “Kapas prices have finally moved above the MSP levels after ruling below the support price for most part of the marketing season. After today’s price increase, the kapas prices may go up further to ₹8,800 levels encouraging farmers to plant more in the upcoming kharif season,” said Ramanuj Das Boob, a sourcing agent in Raichur.
Despite the price increase, CCI cotton has been attracting buying interest from traders and millers. On Monday CCI sold close to 3 lakh bales. For some good quality cotton, buyers have even paid premium, sources said.
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