Highlights

  • December-January marks the peak of cotton marketing season
  • In Rajkot APMC, among the largest cotton markets of Gujarat the price touched Rs 10,050

Latest news

Punjab: Over 200 accident victims receive treatment under Farishtey scheme

Punjab: Over 200 accident victims receive treatment under Farishtey scheme

Jalandhar police returns seized property worth Rs 13 crores to rightful owners

Jalandhar police returns seized property worth Rs 13 crores to rightful owners

Goa CM Sawant Celebrates Liberation Day, Honors Freedom Fighters and State’s Progress

Goa CM Sawant Celebrates Liberation Day, Honors Freedom Fighters and State’s Progress

NDA, INDIA bloc MPs hold protest marches in parliament premises over Ambedkar issue

NDA, INDIA bloc MPs hold protest marches in parliament premises over Ambedkar issue

New Zealand falls into recession with abrupt economic slowdown

New Zealand falls into recession with abrupt economic slowdown

Fadnavis and Shinde Pay Tribute at RSS Founders' Memorials in Nagpur, Meet Office-Bearers

Fadnavis and Shinde Pay Tribute at RSS Founders' Memorials in Nagpur, Meet Office-Bearers

Traffic to be affected at Kalindi Kunj junction due to Delhi-Mumbai Expressway construction

Traffic to be affected at Kalindi Kunj junction due to Delhi-Mumbai Expressway construction

Manipur: Security forces bust camps of two banned militant organisations

Manipur: Security forces bust camps of two banned militant organisations

Cotton prices double from last year, hit record high

The price of around Rs 9,500 is almost double as compared to last year’s average price of around Rs 5,500.

Cotton prices double from last year, hit record high

Price pressures in the commodity markets continue, Cotton prices in mandis in Gujarat have touched a record high of Rs 10,000. The price at Rajkot APMC (largest in the state) is nearly double of what cotton retailed at in 2020.

Also watch| Firstsource Solutions acquires US based company American Recovery Services

The surge in prices traders say can be attributed to the low production due to heavy unseasonal rains in parts of the country. The high demand for the produce in the international market has also triggered the hike in the prices.

December-January marks the peak of cotton marketing season and supply is almost half as compared to normal years as per traders. Jamnagar APMC records arrivals of around 2,000 quintals daily of cotton but as per reports is hardly getting around 1,000 quintals these days.

ADVERTISEMENT

Up Next

Cotton prices double from last year, hit record high

Cotton prices double from last year, hit record high

Dollar Pushes Indian Rupee to Record Low of 85, Fed's Policy Outlook in Focus

Dollar Pushes Indian Rupee to Record Low of 85, Fed's Policy Outlook in Focus

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

Oil Prices Rally on Inventory Drop, Market Awaits Fed Projections

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

SEBI Expands UPSI Definition, Strengthens ESG and Governance Frameworks

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

Gold Imports surge in November: Commerce Ministry examining data for any calculation error

Indian Stock Market: Mixed Sectoral Performance Amid IPO Highlights

Indian Stock Market: Mixed Sectoral Performance Amid IPO Highlights

ADVERTISEMENT

editorji-whatsApp

More videos

Parliamentary Panel bats for legal guarantee of MSP to protect farmers' interests

Parliamentary Panel bats for legal guarantee of MSP to protect farmers' interests

Bihar fully prepared to create robust business ecosystem, investment safe: Dy CM Samrat Choudhary

Bihar fully prepared to create robust business ecosystem, investment safe: Dy CM Samrat Choudhary

"If they tax us, we tax them...," Trump Signals Tough Trade Stance; Reciprocal Tariffs on India

"If they tax us, we tax them...," Trump Signals Tough Trade Stance; Reciprocal Tariffs on India

Top 5 Losers of NIFTY 50: A Day of Decline for Leading Stocks

Top 5 Losers of NIFTY 50: A Day of Decline for Leading Stocks

India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

India's renewable energy capacity addition doubled to 15 GW in Apr-Nov: Pralhad Joshi

 Indian Markets Open Lower Amid Caution Ahead of U.S. Federal Reserve Meeting

Indian Markets Open Lower Amid Caution Ahead of U.S. Federal Reserve Meeting

Five of top-10 most valued firms together add Rs 1.13 lakh Crore in market valuation

Five of top-10 most valued firms together add Rs 1.13 lakh Crore in market valuation

Airlines are price takers, they do not have influence on prices they pay: IATA Chief Economist

Airlines are price takers, they do not have influence on prices they pay: IATA Chief Economist

India’s import of Russian oil drops in November on shrinking discounts

India’s import of Russian oil drops in November on shrinking discounts

Auto Expo to see highest-ever participation of vehicle manufacturers: SIAM

Auto Expo to see highest-ever participation of vehicle manufacturers: SIAM

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.