The rates of cotton have risen to Rs 2300 per 40 kg after a halt of sale of cotton by farmers. Cotton is not available in the market and on the other hand, ginning factories are selling the cotton on high rates previously purchased on cheap rates, depriving the farmers of their due profit, whereas the mill owners have minted millions.
According to the sources, the prices of cotton remained under Rs 1600 to 1700 per 40 kg till the end of November. But as the cotton from the market and farmers is not available, its prices have surprisingly increased. The price of cotton has crossed Rs 4400 per bale for the first time in the history. Only the middlemen and ginning factories are taking advantage of the situation.
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