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Cotton Prices in A.P-Telangana Unchanged amid Higher Arrivals

20 Oct 2020 4:29 pm
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Mumbai (Commodities Control) - Cotton prices were quoted steady amid weak demand from yarn millers on Tuesday, in Andhra Pradesh-Telangana mandis. The steady trade follows a trading session where the fiber upped Rs 400-500 per candy. Today market arrivals were reported at 9,350 bales vs 5,000 bales in the last session.

Mandi-wise Cotton Quotes (Per Candy)

Guntur (30-31mm) - Rs. 38,700-40,000

Guntur (29mm) - Rs 37,800-38,000

Adoni - Rs 38,000- 38,200

Bhainsa (29mm) - Rs 38,000-38,100

Bhainsa (29.5mm) - Rs.38,400-38,700

New Cotton (RD72/77) - Rs 36,000-38,000

Warangal (29mm) - Rs. 35,000 -39,500

Meanwhile, Cotton crop is hit badly by excessive rains in Telangana, the State government has decided to give higher price than minimum support price of Rs 5,825 to cotton, provided the moisture content of the fibre crop is less than 8%.

Minister for Agriculture Singireddy Niranjan Reddy has asked the cotton ginning millers to enter into agreement with the Cotton Corporation of India (CCI) at the earliest and instructed the marketing and agriculture department officials to establish a call centre in every district to accept complaints and suggestions from farmers.

Cotton crop has been cultivated to a record extent of over 60.22 lakh acres this season. However, excessive rains, particularly during the recent spell, have damaged standing crops badly.

Cotton with 8% moisture content would be given a price of Rs 5,825 per quintal, Rs 5,766.75 per quintal for cotton with 9% moisture, Rs 5,708.5 for 10% moisture, Rs 5,650.25 for 11% moisture and Rs 5,582 for 12% moisture. In case the moisture content is 6%, farmers would be paid Rs 5,941.5 per quintal and Rs 5,883.25 per quintal if the moisture content is 7%.

(Commodities Control Bureau)

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