Private traders offered a record-high price of Rs 9,260 per quintal for cotton in Adilabad on the first day of procurement, exceeding the MSP of Rs 8,667 per quintal. While the CCI stayed away from procurement citing high moisture content, farmers were encouraged by the higher rates offered by private buyers.
Cotton prices have surged to Rs 10,000 per quintal in the erstwhile Adilabad district, but most farmers could not benefit as they had already sold their produce earlier at lower rates. Farmers blamed volatile markets and moisture-related procurement conditions for their losses
