Arrival of New Cotton Begins in Punjab, Haryana, Rajasthan, Gujarat, and Madhya Pradesh; High-Quality Cotton Fetches Up to ₹9,700
Arrivals of new cotton in the markets (mandis) of Punjab, Haryana, Rajasthan, Gujarat, and Madhya Pradesh began in the second week of August. Prices remain firm for cotton with low moisture content and high quality. High-quality cotton with a moisture content of around 12% or less is selling at rates ranging from ₹8,500 to ₹9,700 per quintal. Prices for cotton with higher moisture content are comparatively lower.
Gujarat: In the Amreli, Rajkot, and Jasdan markets, standard-quality cotton is selling between ₹8,300 and ₹9,200 per quintal, while high-quality cotton is fetching up to ₹9,800 per quintal.
Haryana: In the Sirsa and Ellenabad markets, standard cotton is priced between ₹7,900 and ₹8,500 per quintal, with high-quality cotton at around ₹8,700 per quintal.
Punjab: In the Abohar and Bathinda markets, standard cotton is priced between ₹7,300 and ₹8,000 per quintal, and high-quality cotton is at ₹8,400 per quintal.
Rajasthan: In the Sri Ganganagar and Hanumangarh markets, standard cotton is priced between ₹7,400 and ₹8,100 per quintal, with high-quality cotton at around ₹8,500 per quintal.
Madhya Pradesh: In the Nimar and Malwa regions, high-quality cotton is selling at ₹9,000 per quintal or higher. In Khargone, some traders have purchased cotton at rates up to ₹9,721 per quintal.
Currently, private traders are purchasing the new crop. Despite the good prices, the pace of arrivals remains slow, with daily sales across various markets ranging from approximately 2,000 to 5,000 quintals.
The Central Government has fixed the Minimum Support Price (MSP) at ₹8,267 per quintal for medium-staple cotton and ₹8,667 per quintal for long-staple cotton. Rising prices of cotton lint and cottonseed are also providing support to the cotton market. Meanwhile, the total area under cotton cultivation this year has declined by 0.52% compared to the previous year. However, there has been a marginal increase in acreage in Gujarat, Madhya Pradesh, Andhra Pradesh, Telangana, and Tamil Nadu.
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