The Cotton Corporation of India (CCI) has started purchasing cotton at Khandwa Agricultural Produce Market since Monday. On the first day, 70 quintals of cotton were purchased from farmers. On the first day, the price of cotton for the farmers ranged from Rs 4150 to Rs 5553 per quintal.
The farmers got happy after getting good prices and the Cotton Corporation of India has been expecting that many more farmers will come to the market to sell their produce in the coming days.
It is worth noting that last year, the Cotton Corporation of India started buying cotton in the Khandwa district in the first week of October. The previous year’s highest price was Rs 5450 per quintal. This time the first day has crossed the previous year’s highest level. The corporation has increased the price to Rs 5800 per quintal this year.
Source: Bhaskar
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