Coimbatore, Aug 4
The market intelligence cell of the Tamil Nadu Agricultural University's Centre for Agriculture and Rural Development Studies (CARDS) has said the price of kapas (raw cotton) (LRA-5166) is likely to rise by October from the current price quote of Rs 1,950 a quintal.
The price of LRA-5166 is expected to be around Rs 2,050 a quintal by October.
This is based on the monthly data of market prices for the variety observed in the past 12 years in the Tirupur Regulated Market yard, according to a communication from TNAU.
The data analysis on kapas prices was carried out by the team from the CARDS domestic and export market intelligence cell led by its project coordinator, Dr N. Raveendran.
The communication said when the crop starts arriving from North Indian production centres from October, the prices would tend to soften initially but they would show a rising trend from January. It also suggested that by storing and selling kapas during September/October 2006, farmers can get a price of Rs 2,050 a quintal as against the current market price of Rs 1,950. The major varieties of cotton grown in Tamil Nadu are MCU-5, RCH and LRA-5166, though the area under Bunny and RCH are showing increasing trend.