Low Yield Proves To Be An Economic Hit

Due to the low cotton yield, this season as a result of excessive rain and pink bollworm assault, the crop is selling at more than 60% above the minimum support price (MSP).

This low yield has indeed turned out to be a boon for the farmers because the prices that they are receiving would not have been possible had there been a normal yield.

While it is still an agricultural tragedy that so much of the crop has been lost- you cannot deny the fact that it is an economic success for the farmers.

Speaking of the prices that the crop is currently fetching in the market, you will be pleasantly surprised to note that private players in Sirsa are paying up to Rs 9,700 a quintal for cotton, while the government has set the MSP at Rs 5,925.

Unseasonal rains in September last year, followed by a pink bollworm infestation, have accelerated the price of the crop upwards. The expensive nature of cotton in this season is also due to the international prices which have increased as well. Whereas. the government-mandated MSP sits at a much lower price than what is being offered in the market.

According to Mohit Sharma of the Cotton Corporation of India (CCI), harmed not only the output but also the quality of the crop. "International prices are also extremely high this time," he continued, "which is having an impact on the local market," Sharma stated that the CCI had not yet made any purchases, despite the fact that its infrastructure was in place.

According to sources, the harvest season is practically done, with only 16.36 lakh quintals of cotton arriving in Sirsa district markets thus far, compared to 22.76 lakh quintals last year. This season, Haryana has roughly 14.78 lakh acres under cotton, including 5 lakh acres in Sirsa, according to an agriculture official.