The Torrential rains have triggered massive trouble for the standing cotton crops in parts of southern states such as Andhra Pradesh, Telangana, and Karnataka. Not only this, but the excess precipitation in the recent weeks has also raised concerns about cotton production in parts of Maharashtra, leaving farmers and traders worried. Now, it has been anticipated that cotton output arrivals are likely to be delayed.
The rain could affect the cotton production, even as prices are seen coming down, tracking the global trend within the lower demand from the domestic mills. Notably, daily cotton arrivals have been recorded at around 30,000 bales (of 170 kg), and prices of raw cotton have been observed at around ₹5,600-7,500 per quintal in several regions, depending on the moisture content. In addition, raw cotton prices have been reduced as the minimum support price levels of ₹7,710 per quintal for medium staple and ₹8,110 for long staple.
Torrential rains would not affect the cotton production in some parts of Maharashtra
Atul S.Ganatra, President, Cotton Association of India, stated that cotton crops have not been affected by Torrential rains. According to him, about 10 per cent of the early sown area may be affected by the rains, but 90 per cent of the area will benefit. Several individuals associated with the cotton industry has informed that though there has been a localised impact of the rain in 10-15 per cent in some areas, the overall crop is unlikely to be affected.
State Govt’s efforts to support the cotton Farmers
On Wednesday, September 25, Punjab Agriculture Minister Gurmeet Singh Khudian seeks to the intervention of the Cotton Corporation of India (CCI) to intervene in the market and provide support to the cotton farmers as prices are below the MSP levels, as stated by Agency reports. Notably, raw cotton prices in Punjab are ruling in the range of ₹5,600-5,800 a quintal.