Andhra Pradesh - Karimnagar   

Cotton fetches an all-time high at Jammikunta yard

KARIMNAGAR: The Jammikunta agricultural marketyard, one of the biggest in Telangana region set a record by securing an all-time high price of Rs. 2,760 per quintal for cotton on Monday.

Against the minimum support price of Rs. 2,050 per quintal, the farmers secured a whopping Rs. 2,760 per quintal, said Jammikunta Market Committee Chairman T. Sammi Reddy. He said, the yard had procured about 3,000 quintals of cotton by providing the highest rate to the farmers on Monday.

Giving details about the performance of the Jammikunta market committee, he said that during the last three years a total of 13 lakh quintals of cotton worth Rs 169.80 crore, 10 lakh quintals of paddy and 5 lakh quintals of maize was procured.

The marketyard’s income had increased from Rs. 1.86 crore to Rs. 2.5 crore by way of market cess during this financial year. He attributed record arrivals to abundant rainfall and bumper harvest.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

‘Kalyanamasthu’ phase three set to take off
Karimnagar reels under power cuts
Cotton fetches an all-time high at Jammikunta yard

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu