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Ginning mills operate at less than 30 per cent capacity in Maharashtra

Cotton arrivals declined significantly in Maharashtra, the second-largest producer of the fibre crop, forcing ginning mills to operate at less than 30 per cent capacity as farmers held back stocks on expectations prices will rise. The daily all-India cotton arrivals are currently at 75,000 bales to 80,000 bales of 170 kg each. Half of the cotton comes from Punjab, Haryana and Rajasthan, while the remainder is from central and south India. In Maharashtra, cotton arrivals have started from Khandesh region, while supplies from Marathwada and Vidarbha are yet to pick up.

Farmers are waiting for prices to rise to offload stocks, while ginners are going slow on purchases, expecting rates to cool once the prices of cotton seed soften with growing arrivals. Raw cotton prices have increased to Rs 5,850/ quintal in Maharashtra – more than the MSP prices for medium staple and long staple cotton of Rs 5,150/quintal and Rs 5,450/quintal, respectively.

 

 
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