- Soybean prices also increase
- Soybean oil price may be affected
- Cotton Rs. 10,500
- Soyabean Rs.6,550
Akola. This year the production of cotton in the district has decreased significantly. There has been a lot of loss of crops due to natural crises. Talking to the farmers, he told that this year three to four quintals of cotton has been produced in one acre of field. By the way, 10 quintals of cotton should have been produced in one acre. In the very beginning there was heavy loss of cotton crop due to excessive rains.
After this, the cotton crop was greatly affected due to bond worm and other pests. In the end, when the farmers were taking out the cotton crop, the cotton crop was once again damaged due to untimely rains and inclement weather. Some farmers even say that they have not been able to meet the cost of production of cotton.
Here the production of cotton has decreased significantly but now the demand for cotton is increasing. Due to the increase in the demand for cotton, the prices of cotton are also increasing. At present, the price of good quality cotton is about 10 thousand to 10 and a half thousand rupees. quintals and the price of cotton of lesser quality is up to 9 and a half thousand.
Cotton is not available as much as the demand for cotton, perhaps that is why the prices of cotton are seeing a rise. Be that as it may, the trend of traders is still towards buying cotton. His attention is equally focused towards buying cotton. For this, traders are still seen coming and going to buy cotton in rural areas.
Soybean prices also increase
When soybean production is good, about ten quintals of soybean is produced in one acre. This year about four to six quintals of soybean has been produced in one acre. Soybean crop has suffered heavy losses due to excessive rain. Perhaps this is the reason why the prices of soybeans have been seen increasing in the recent past. This time soyabean prices were not low from the beginning. Perhaps for this reason there are some farmers who have stocked soybeans instead of selling them.
For this reason too, this time the prices of soybeans were seen increasing rapidly. Those farmers who had not sold soybeans, those farmers have now started bringing soybeans to the markets to sell. At present, soybean is available at Rs.6,550. have reached. Seeing the rising prices of soybeans, farmers have started bringing soybeans for sale. On talking to the farmers, he told that it is true that the prices of soybean have increased, yet our production expenses are not being met, so the farmers say.
Soybean oil is the best
At present, along with peanut oil, soybean oil is included in the most commonly used edible oil. Here also there are refinery plots to extract oil from soybeans. In the coming time, the effect of increasing soybean prices will also affect the prices of soybean oil, this possibility cannot be ruled out.