Market Highlights Domestic For the 2021-22 season, cotton narma prices have reached Rs. 8500-9000 per quintal in the Anupgarh market of Sri Ganganagar. The minimum support price fixed by the government for medium stable is Rs. 5726 and for long stable Rs. 6025 per quintal. Trend of cotton arrival in different mandis of Punjab’s southern districts is not indicative of major crop loss at this stage. Initial girdawari inputs submitted last week claimed that standing crop on 4-lakh acres of the 7-lakh acres’ area was severely hit. However, the sale of raw cotton in mandis is inconsonant with the loss projections. Cotton production in Gujarat is likely to grown by 10-12% in the new cotton season begining in october. Despite lower acreage, the output is expected to increase in 2021-22 due to the improved yield following recent spell of rain and favourable climatic conditions. A recent Pan-India survey conducted by a Mumbai-based company dealing in cotton pegged Gujarat’s producti...
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