Guntur farmers are selling cotton anywhere between Rs 5,600 and Rs6,000 per quintal due to increase in demand caused by reduced production
Bengaluru: When farmers of our country get better payments for their produce, it is always a matter of great pride and satisfaction.
Reports add that farmers from Guntur have sold their cotton at open markets.
As per a report in HansIndia, cotton is being sold at anywhere between Rs 5,600 and Rs6,000 per quintal due to increase in demand caused by reduced production. The price is expected to increase further.
A farmer, K Sambasiva Rao of Pidiguralla said, "A few farmers will benefit due to increase of cotton price in the open market. Most of the stocks already sold. Cotton price in the open market increased after the farmers sold their cotton stocks. I have cultivated cotton in two acres. Crop damaged due to heavy rains. I got 50 percent less yield this year and suffered heavy losses," as quoted by the website.
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Last Updated Feb 7, 2021, 12:46 PM IST