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Tamil Nadu
Low cotton arrival triggers price rise
Staff Reporter
— Photo: M. Balaji
Sale of cotton progressing at the Cooperative Regulatory Market in Tirupur.
TIRUPUR: The arrival of cotton to the regulatory market run by the Agricultural Marketing Committee here has come down to half than the expected arrival.
This low arrival has shot up prices. According to R. Palanisamy, superintendent of the market, only 150 quintals of cotton arrived mainly from Tiruchy, Karur and Manapparai region to Tirupur on Tuesday.
During the corresponding period of the previous year it was over 300 quintals. The farmers are happy that the rates are marginally up compared to the previous year.
The best quality cotton sold for around Rs.3,000 a quintal and the rate of next grade hovered around Rs.2,500 a quintal on Tuesday.
It was less than Rs.2,500 a quintal for the best quality cotton last year, he added.
Farmers say that the shortage of labourers for farm works and high input costs brought down the extend of cotton cultivation area.
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