CCI has been the main buyer all through the season in the cotton belts of Andhra Pradesh and local textile mills have also been actively buying from CCI as they are able to save on freight costs.
According to an Indian Cotton Federation (ICF) report for the fortnight ended May 15, 2015, as per trade sources, approximately 3.45 crore cotton#
There has been a good spell of rains in most parts of Karnataka and farmers are waiting for the right time to sow the cotton seeds.
Farmers here have been consistently receiving good rates in kappas and are expected to sow more in the upcoming season.
As the cottonseed price has been stable at Rs 2000 per quintal, ginners have been procuring good quality 30mm stocked kappas at upto Rs 4600 per quintal.
Ginning activities in North Karnataka are expected to stop by the month end while in Raichur and upper Krishna belt it may continue till farmers keep bringing their stocked kappas.
Good quality 30mm Bunny of North Karnataka is sold at Rs 36,800 spot per candy while good quality Dch-32 is sold at Rs 50,500 spot per candy. In Raichur 29mm Bunny is sold at Rs 35,800 spot per candy. (AR)
Fibre2fashion News Desk - India
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