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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 cotton was priced at around ₹9,900-10,000 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.
Palwal district in the north Indian state of Haryana saw the arrival of unginned or raw cotton (kapas) of the 2022-23 season, much earlier than the scheduled October 1. The price of new cotton is double compared to the last year. Raw cotton is expected to arrive in markets (mandis) in other parts of Haryana and Punjab in the first week of September.
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)
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