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Huge Increase in The Demand For Cotton

This is the first time amidst low production and rising demand. When traders are taking the help of social media for the purchase of cotton. Private cotton traders are offering cotton from Rs 8300 to Rs 8500 per quintal on social media.

Cotton production decreased due to rain

Cotton production has decreased due to rains in many areas. There is a lot of demand for cotton in the market. This is the reason why traders are buying it fiercely from the farmers. The huge demand and rising rates have given the farmers a chance for happiness on Diwali. It is estimated that the price of cotton may reach Rs 10,000 per quintal in the coming few days.

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This is the first time between low production and increasing demand.

When traders are taking the help of social media for the purchase of cotton. According to a report in Deccan Chronicle, it is being seen for a few days. Private cotton traders are offering cotton from Rs 8300 to Rs 8500 per quintal on social media.

Good demand for cotton in the international market

Cotton sector watchers say this is a new trend. Where traders are taking the help of social media to buy cotton from farmers. They believe This is a good start and farmers are getting benefit from it.

Good demand for cotton in the international market

This time the yield has not been as expected. Private cotton traders are competing among themselves to buy cotton. Farmers are getting the benefit of this. Due to low yield, private cotton traders are offering good prices to the farmers.

Farmers are starting to stop stock

In a state like Maharashtra, farmers are getting a price of up to Rs 9000 per quintal. While the MSP of cotton is Rs 6250 per quintal. There is a wave of happiness among the farmers after getting the price so much more than the minimum support price.

farmers say

The crop has been affected due to rain and it has also affected the yield. Now getting a good price is making up for it. On the other hand, farmers have been shocked by the news of the increase in prices. They have now started holding the stock. It is expected that in the coming few days the price can go up to 10,000 or even above. In such a situation, farmers are now stopping the crop in the desire of more profit.

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