New cotton crop arrives in Gujarat, Maharashtra, Madhya Pradesh markets; supplies to pick up post-Dusshera

AHMEDABAD: Just-harvested cotton is available in markets across Gujarat, Maharashtra, Madhya Pradesh, Karnataka and Andhra Pradesh and supplies are expected to pick up post-Dusshera festival.

Buying by mills, exporters and ginners will begin with the onset of the auspicious period of Navratras beginning from Wednesday. Farmers are getting 5-10 % higher returns from the previous year. “From Wednesday, ginners, traders and exporters would start purchasing cotton,” said Kailash Khandelwal, trader and ginner from Sendhwa market in Badwani district of Madhya Pradesh.

He added that although supplies began a week ago, there were no major purchases owing to the Shraadh period. On Monday, 800 quintals were available in Sendhwa market with total supplies pegged at 18,000 quintal in the state. Supplies have begun in Anjad and Khargone markets in the state with farmers getting Rs 3,400 a quintal to Rs 5,000 a quintal for the H4 variety.