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Farmers ‘panic’ selling as cotton prices reach one-and-a-half-year low

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Due to softening of prices due to lack of demand for cotton, panic is being seen among the farmers holding the stock. At the start of the season Rs. 1,900-2,000 per head, farmers who do not sell goods now get Rs. 1,400 are dumping their goods in bulk in the market. However, on the other hand, due to low demand, they have turned to selling goods. According to market circles, farmers are now fearing a fall in prices. Due to which, in the month of May, there is an income of one lakh bales daily. Generally, the month of May is considered off season and hence does not see that much revenue. However, this time the income was less because the farmers did not leave the goods in the peak period like December-January. They held back the crop in anticipation of higher prices in the off-season. In June last year, farmers were given Rs. 2,900 per head had achieved a record price. However, this time the demand from spinning mills is looking very weak due to softening of yarn prices due to slowdown in the global market.

Due to which the price of cotton also fell in the last fortnight to Rs. 5,000 showing a deficit. On 10th May Rs. There was khandi worth Rs 61,000 on Wednesday. 56,000 was traded. Thus it was seen at the lowest point of the season. This price level was seen at the beginning of the new season in October 2021. Thus, after a gap of more than one and a half years, cotton prices have again returned to this level. Out of one lakh bales in the country, 35-38 thousand bales of income is seen only from Gujarat. Thus, it seems that farmers in the state have a lot of inventory. Looking at the receipts coming in May, it seems that the cotton crop will touch 3.1-3.2 crore bales. 000 spoken on Wednesday Rs. 56,000 was traded. Thus it was seen at the lowest point of the season. This price level was seen at the beginning of the new season in October 2021. Thus, after a gap of more than one and a half years, cotton prices have again returned to this level. Out of one lakh bales in the country, 35-38 thousand bales of income is seen only from Gujarat. Thus, it seems that farmers in the state have a lot of inventory. Looking at the receipts coming in May, it seems that the cotton crop will touch 3.1-3.2 crore bales. 000 spoken on Wednesday Rs. 56,000 was traded. Thus it was seen at the lowest point of the season. This price level was seen at the beginning of the new season in October 2021. Thus, after a gap of more than one and a half years, cotton prices have again returned to this level. Out of one lakh bales in the country, 35-38 thousand bales of income is seen only from Gujarat. Thus, it seems that farmers in the state have a lot of inventory. Looking at the receipts coming in May, it seems that the cotton crop will touch 3.1-3.2 crore bales.