Good news for farmers - the price of cotton skyrocketed?
Rumors of rising cotton prices have been circulating for the past few days, but there have been rumors that cotton prices have reached a record high in Khargone, Sendhwa, a cotton market in Madhya Pradesh. In the new year, on january 1, 2022, cotton was priced above Rs. 10,000 per quintal.
However, some local traders in maharashtra are still harassing the farmers, not paying the price above Rs 8,500 per quintal. This has angered the farmers. Good quality cotton is being priced up to Rs. 10,000 per quintal in Madhya Pradesh. Heavy rains at the beginning of the monsoon season caused severe damage to the cotton crop. This has had a major impact on cotton production. Although the sowing of cotton is high every year, the yield of cotton is not that much.
On the one hand, it is said that cotton has a very good price, but the quantity of cotton available to farmers is low. Although most of the farmers still have cotton, its quantity is not as high as in other years.
The demand for cotton in the global market has increased again after the corona, but not as much cotton is available, which has led to an increase in cotton prices. As the demand for cotton continues to rise, the price of cotton is also getting boosted.
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