Cotton price expected to remain stable in July-August

COIMBATORE: As prices of long staple summer cotton on harvest are expected to be around Rs 5,500-5,800 per quintal in July-August, Tamil Nadu Agricultural University has advised growers to take sowing decisions based on their advisory.

The price of good quality long staple cotton in Konganapuram regulated market in Tamil Nadu now rules at around Rs 6,000 per quintal.

To advice farmers on cotton price during harvest period, TNAU's Agro Marketing Intelligence and Business Promotion Centre analysed monthly prices in Konganapuram for the last nine years, which suggested that prices would remain stable and hover around Rs 5,500-5,800 per quintal.

Though the production and arrivals are lower than last year, the fibre has not realised the expected price for being moist and also because of ban on export.

The major cotton growing districts of Tamil Nadu are Dharmapuri, Tiruvannamalai, Vellore, Perambalur, Tiruchirapallii and Salem.