Cotton glut drags rates down

Amritsar | Saturday | 10th November, 2018

Summary:

Lint is prepared by ginning process of raw cotton, which is calculated at 1/3rd or 34% of total raw cotton. However, now as the prices are near MSP, farmers don’t have to face big losses. BATHINDA: This season, the markets of Punjab saw the arrival of a relatively higher quantity of raw cotton compared with the previous year, despite lower acreage. They had not preferred to sell raw cotton through CCI when it was being sold at nearly Rs 5,000 per quintal”. CCI had procured the crop from the Punjab farmers in 2014-15.Cotton has been sown over 2.84 lakh hectares in Punjab..