According to the trade sources, Palwal, Hodal and adjoining areas are receiving new arrival of cotton since last week. However, the total daily arrival of new cotton was not more than 500 bales (170 kg) which was brought to mandis within the states. Traders said that new unginned cotton was priced at around ₹8,500-10,000 per quintal. Last year, the crop was sold at around ₹5,000 per quintal. Ginning mills were waiting for new crop eagerly because arrival of last year’s crop has been reduced to zero.

Traders said that there were no adverse reports about the growth of cotton crop. North Indian markets start receiving cotton early, as farmers here sow the crop early. Cotton is expected to arrive to mandis in upper Rajasthan and southern India from first week of October.

Fibre2Fashion News Desk (KUL)