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Cotton touches record price
The price of cotton touched a record level of Rs.5,330 a quintal on Tuesday -- the highest in the season so far. Naturally, farmers are happy.
Adilabad: The price of cotton touched a record level of Rs.5,330 a quintal on Tuesday -- the highest in the season so far. Naturally, farmers are happy.
The same price prevailed in Boath and Indervelli market yards. As for the five cotton markets in the district, the price at Icchoda was Rs.5,300; while in other markets, like Boath and Jainath, it rose, thanks to diversion of huge stocks by farmers.
The price offered by the Centre at CCI outlets is Rs.4,160 (with eight to 12 per cent moisture). It was Rs.5,200 till Monday, even as 10,000 quintals of cotton was purchased on Tuesday in the market yard here by ginning traders.
As the international rates are rising, many of the traders are not bothering about the moisture content. Earlier, they used to cut the rate depending on the moisture content.
Till date, the Adilabad market yard had sold 723,762 quintals, Boath 207,979, Indervelli 31,083, Ichoda 83,215 and Jainath 69,057, Marketing Officer Santosh Kumar said on Tuesday.
While adding up to around 11 lakh quintals, the total sales figure this year was three lakh quintals less than that of the previous year in the same month.
Officials of the department estimate that with the increase in price, farmers would bring their piled-up stocks for disposal.
Farmers’ leader Karunakar Reddy, however, said that the current rise in price would not be beneficial to most of small and marginal ryots as they had already sold their stocks to traders.
As such, even if the price went up by Rs.1,200 more than that fixed by the CCI, the benefit to farmers would be nil, he told The Hans India.
Reddy pointed out that some of the ginning traders would benefit as the stocks lying with them would now fetch more. Even farmers themselves had expressed anxiety over the price.
Cotton production in 2016 was lower than that of the previous year. Hence, farmers claim, the traders have increased the price. They anticipate that the rate would go up further.
With this, they hope that good days for them would be back, as the price in the past was Rs.8,000 a quintal. As such some ryots are holding back stocks.
The cotton farmers had been incurring losses for the past few years in the absence of remunerative price. At least some of them can hope to get somewhat remunerative price for their produce.
