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Cotton Price comparison

Written By Views maker on September 07, 2011 | 9/07/2011

Cotton price rise is in accordance with market fundamentals and international volatility in cotton prices.   The price situation  for  2010-11 cotton season is at Annexure-I.  Cotton price have moderated from April  2011 and currently stand at Rs. 36500/- per candy.      Cotton prices had been ruling above MSP level from the beginning of the cottons season 2010-11.  The opening cotton prices in medium staple and long staple group had been higher by around 60% and 28% respectively over MSP.  In the wake of high cotton  prices in cotton season 2010-11, the cotton farmers  received better and attractive prices for their produce as against MSPs and preferred to sell their produce at prices higher than MSPs.      As price moderation has already taken place, no further policy interventions are necessary.

 

Annexure A

 

Fortnightly Movement of Cotlook A Index vis-a-vis S-6 : 2010-11 Cotton season

 

date

Price of S-6 cotton

01/10/2010

37700

15/10/2010

41000

29/10/2010

43000

15/11/2010

42500

30/11/2010

42000

15/12/2010

39800

31/12/2010

43000

14/01/2011

43900

31/01/2011

48800

15/02/2011

58500

28/02/2011

58000

08/03/2011

58500

15/03/2011

59000

31/03/2011

61500

15/04/2011

57800

03/05/2011

49000

16/05/2011

45000

31/05/201

46000

15/06/2011

43000

30/06/2011

38000

15/07/2011

33500

29/07/2011

30800

16/08/2011

35500

30/08/2011

36500

 

(1 candy=355.62 kgs)

 

 

 

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