Source: The Hindu Businessline

Farmers holding back produce hoping rates will rise further


November 22, 2022

With domestic cotton prices continuing to rule higher than rates in the global market, traders see bleak prospects for the export of the fibre crop in the near term. This is even as cotton arrivals across agricultural produce marketing committee (APMC) yards are gathering pace across key producing regions. Farmers, however, prefer to hold back their produce, expecting higher prices. (Source: The Hindu Businessline)