Vishwanath Kulkarni | Bengaluru |
September 24, 2021
Raw cotton prices are ruling between Rs.11,000 and Rs.13,000 per quintal this year as against Rs.5,500-6,500 per quintal last year.
Prices of the extra long staple Dharwad Hybrid Cotton-32 (DCH-32) have almost doubled over the past year on fears of a shortfall in production due to lower planting of the crop. Also, the global rally in varieties such as Pima and Giza has influenced domestic prices, trade sources said.
DCH kapas (raw cotton) prices are ruling between Rs.11,000 and Rs.13,000 per quintal in markets such as Chitradurga and Ranebennur in Karnataka, said Shantilal P Ostawal of Cotseeds Corporation, a ginner in Hubballi. Ostawal said the prices were Rs.5,500-6,500 per quintal last year.
LINK:https://www.thehindubusinessline.com/economy/agri-business/extra-long-staple-cotton-prices-surge-on-fears-of-supply-shortage/article36643012.ece (Source: The Hindu Businessline)