The price of cotton at the market yard in Khammam hit an all-time high on Saturday, fetching a farmer from Aswapuram mandal in Bhadradri-Kothagudem district a record remunerative price of ₹12,001 per quintal.
According to Agriculture Market Committee (AMC) sources, this is the highest price ever commanded by cotton in the market yards across the State.
Cotton is commanding a good price in the range of ₹9,000 to ₹11,500 per quintal in excess of the Minimum Support Price (MSP) of ₹6,025 per quintal at the market yard in Khammam. It is fetching a good price to farmers at the fag end of the procurement season due to a combination of factors, including spurt in demand for the natural fibre in both domestic and overseas markets, sources added.
