By admin       2017-11-23

Pune: Although current cotton prices are ruling lower than previous year, they are still above the minimum support price (MSP). Despite higher production, adverse impact on quality and yields caused by pink bollworm attack on cotton is expected to help keep prices above the MSP till December. The current market price of cotton is down by 10 per cent to 15 per cent over the same period of the previous year. However, the only respite for farmers is that it is still above the MSP, when prices of most other agricultural commodities are ruling lower than MSP. Current cotton arrivals from kharif crop are at their peak, with mandis across the country getting about 1.60 lakh bales every day. “We expect prices to remain above MSP till December,” said BS Rajpal, a Maharashtra-based ginner. The current price of good quality kapas (raw cotton with seeds) is between Rs 4,300/quintal and Rs 4,600/quintal as against the MSP of Rs 4,320/quintal for long staple cotton. Trade body Cotton Association of India has estimated cotton production of 375 lakh bales of 170 kg each in 2016-17, up by 11 per cent over the previous year.

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