December 17th, 2010
Dec. 16: Hundreds of cotton farmers are keeping cotton produce stocks in their houses instead of selling them, anticipating a hike in price once the Central government extends the date for cotton exports. This had ended on December 15.
The Central government gave permission for export of 50 lakh bales but only 30 lakh bales of cotton was exported by the last date. Cotton farmers hope for exports to get a good price to compensate the loss they had incurred due to untimely rains and floods.
Some farmers who have good relations with cotton traders have stocked their produce in the latter’s godowns and will sell this when they get a good price.
Farmers in the district are not selling cotton now due to a drastic fall in price in the last 15 days. Traders offered Rs 4,000 in the beginning of the commercial operations of cotton but the price came down after a few days, disappointing cotton farmers and even leading to protests.
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