Comments
Demand from mills lifted cotton by Rs 3,000 a candy of 356 kg in the past week. Gains in the international markets have supported the rise in price.
Sankar-6 variety was traded at Rs 35,500-36,000 a candy, up Rs 3,000 a candy in the past week. Raw cotton or kapas also went up by Rs 40-50 a maund of 20 kg to Rs 860-875 in Rajkot.
Ginners said there were enquiries for export as well. Demand is expected to be strong as the new season starts.
Area under cotton has spurted by over 2.52 lakh hectares (lh) in the State in the last leg of kharif sowing, officials said on Tuesday.
“Acreage under cotton this kharif season has reached 28.84 lh so far in Gujarat, up by nearly 2.52 lh, as compared to 26.32 lh sown in last season (2010-11),” a Cotton Corporation of India official said.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.