Cotton fetches record Rs 10,000 per quintal in Khammam

Khammam: Cotton fetched a record price in agriculture markets in Khammam district on Wednesday. The produce, for the first time in the district, fetched Rs 10,200 per quintal at Julurpad market while in Khammam market, it fetched Rs 10,000, a price much higher than the minimum support price of Rs 6,250 fixed by Cotton Corporation […]

Khammam: Cotton fetched a record price in agriculture markets in Khammam district on Wednesday. The produce, for the first time in the district, fetched Rs 10,200 per quintal at Julurpad market while in Khammam market, it fetched Rs 10,000, a price much higher than the minimum support price of Rs 6,250 fixed by Cotton Corporation of India (CCI).

According to market officials, around 4,750 bags of cotton arrived at the Khammam market on Wednesday. The price of cotton touched the Rs 9,000 mark ten days back. On Tuesday, the traders offered Rs 9,700 and on Monday Rs 9,500 per quintal. Traders from Gujarat, Madhya Pradesh, Karnataka and other States come here to purchase the crop through their local agents. What attracted them to Khammam was the quality of the cotton produced in the district.

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Besides that, the area under cotton cultivation came down in cotton-producing States including Telangana. In Khammam, cotton was cultivated in 2.80 lakh acres last year. This year, it was cultivated in 1.60 lakh acres. The yield was also less this time as the crop was infested with pests, officials said.

Meanwhile, elated farmers along with traders expressed joy at the high price cotton fetched and as part of Rythu Bandhu celebrations, performed ‘Palabhishekam’ to the portrait of Chief Minister K Chandrashekar Rao. They hailed the Chief Minister and formed the words ‘Mana Rythu Bandhu KCR’ with cotton at Khammam market. In a statement, Transport Minister Puvvada Ajay Kumar said under the dynamic leadership of Chandrashekhar Rao, farmers were happy and living a better life. Market Chairperson D Lakshmi Prasanna and secretary Mallesh were present.

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