{"id":2089,"date":"2023-05-24T10:00:00","date_gmt":"2023-05-24T10:00:00","guid":{"rendered":"https:\/\/blog.kisansabha.in\/?p=2089"},"modified":"2024-06-14T07:05:13","modified_gmt":"2024-06-14T07:05:13","slug":"cotton-prices-take-a-knock-as-farmers-offload-stocks","status":"publish","type":"post","link":"https:\/\/blog.kisansabha.in\/index.php\/2023\/05\/24\/cotton-prices-take-a-knock-as-farmers-offload-stocks\/","title":{"rendered":"Cotton prices take a knock as farmers offload stocks"},"content":{"rendered":"\n<p>The daily arrival of cotton in the markets has increased fivefold to 100,000 bales (each weighing 170 kg) from the historical average of 20,000 bales a day in May.<\/p>\n\n\n\n<p>Prices of cotton in the futures trade and at the farm gate have declined 8% and 12%, respectively, in the last fortnight, as farmers, who were holding the crop expecting prices to return to last year&#8217;s record-high levels, have started selling their produce.<\/p>\n\n\n\n<p>The daily arrival of cotton in the markets has increased fivefold to 100,000 bales (each weighing 170 kg) from the historical average of 20,000 bales a day in May. &#8220;I have not seen such unusually high arrivals in May. The arrival of 100,000 bales a day is something that used to get over by January\/February,&#8221; said Ravi Sam, chairman of Southern India Mills Association (SIMA).<\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/blog.kisansabha.in\/wp-content\/uploads\/2023\/05\/ba5b2d44-3f21-4c3f-9f2b-3532132453b8.jpeg\" alt=\"\" class=\"wp-image-2090\" width=\"1200\" height=\"733\"\/><\/figure>\n\n\n\n<p>The June cotton contract on the MCX was down 3.05% on Monday. In spot trade, cotton prices dipped from \u20b962,000\/candy (each candy is 356 kg) to \u20b957,000 in Maharashtra, while the price of raw cotton with seeds sold by farmers to ginners has fallen from \u20b98,000\/quintal a fortnight ago to \u20b97,000-7,200 on Monday<\/p>\n\n\n\n<p>Read more at <strong>https:\/\/shorturl.at\/hqxB7<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The daily arrival of cotton in the markets has increased fivefold to 100,000 bales (each weighing 170 kg) from the historical average of 20,000 bales a day in May. Prices of cotton in the futures trade and at the farm gate have declined 8% and 12%, respectively, in the last fortnight, as farmers, who were 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