Wardha, Once again the phase of boom in cotton prices has started. On Monday, cotton got a price of Rs 9100 per quintal in the mandis of the district. Agricultural experts have expressed the possibility of further increase in prices in the coming days.
This year, due to less cotton area and less impact of Korana, cotton prices have been rising since the beginning. In the initial days, the price of cotton cotton had reached close to 9 thousand. However, after the increase in arrivals, there was some decline in the prices of cotton. After which the prices of cotton were stabilized around 8500. But suddenly now the era of boom has started.
– Loss of cotton crop due to bond worms and excess rainfall
This time there has been a big loss of cotton crop due to heavy rains and bond worms. Due to which the production is expected to decrease. Due to the increasing demand for cotton and lack of yield, the arrival of cotton in the mandis has decreased. Even after the passage of December, the ginning operators gave information about the decrease in arrivals in the mandis. Due to uprooting of cotton crop by many farmers, it is being estimated that there will be a decrease in production. As a result, the prices of cotton suddenly increased on Monday.
Soon the price will be beyond 10 thousand
Agricultural experts told that if the situation continues like this, within the coming one and a half months, the price of cotton may cross 10 thousand. Prices can come down only when the lockdown is imposed due to corona infection. The farmers should make haste to sell cotton, after observing the market situation, they sold cotton, he gave such information.
Rising prices due to decrease in yield
At present the arrival of cotton in Jining has decreased. The production of cotton is estimated to be low due to low yield and bond worms. As a result, the market is booming. Cotton prices may increase further in the coming days.
-Harish Hande Director Harshanil Agro Industries