Wardha. On the last day of the year, good news has come for the farmers. On Friday, cotton got a price of Rs 9900 per quintal in Sindi-Selu Krishi Mandi. Which is the highest price of this season. Cotton prices remained stable for the last few rains. The government had to procure cotton due to the price being less than the guaranteed price. But since the beginning of this year cotton prices are seeing a rise. The government had declared the price of cotton at Rs.6025 per quintal. In the beginning, cotton was given a price of Rs.6300-6500 by the traders.
increased demand globally
In the last few years, the demand for cotton was decreasing abroad. Corona had a big impact in the last two years. As a result, there was a recession in cotton prices. But this year, with the increase in the demand for cotton, due to the low yield, it has a direct effect on the price of cotton. Agricultural experts informed that devaluation of rupees is also a major reason.
There was crop loss due to bond worms and heavy rains
This year the cotton crop was initially good. Due to which the government had predicted a bumper crop. But due to heavy rains in the month of September, there was heavy loss of cotton crop. Due to continuous rain, the farmers suffered huge losses due to rotting of fruits and consequences on flowers and buds.
Farmers expected the cotton crop to improve in winter. But due to the invasion of Bond Worm, most of the farmers uprooted the cotton crop before time and threw it. And due to the attack of caterpillars on those who kept the crop, it is being feared that there will be a huge reduction in the yield. Due to less production, more demand is resulting in price.
Price will depend on Corona
The price of cotton is increasing continuously. But the situation will depend on the corona infection, such information was given by the traders. Along with cotton, the prices of Sarki and Dhap are increasing. If the situation remains normal in the coming days, the prices may increase further.