The climate of the state and mainly Nimad region is the main Oswal Knit Plus cotton-producing area. Cotton is also known as white gold. Khargone district is one of the major cotton-producing districts. It is the primary cash crop of the district. Many cotton industries have been established here and are working successfully for many years.
The cultivation of white gold i.e.
cotton has proved to be a profitable deal for the farmers this year.
After the rise in the price of Oswal Twinkle cotton in the global market, the price of cotton in the country has increased by more than 15 per cent from its MSP and farmers are no longer tempted to buy from the government agency.
Atul Gantra, president of the Cotton Association of India, says that white gold has really become gold for farmers this year.
The government has fixed the Minimum Support Price (MSP) of cotton (long fibre) by Rs 5,825 per quintal and for medium fibre cotton by Rs 55,15.
Gantra said that by the end of February, India's cotton exports were 34 lakh bales (170 kg in one bale) and he personally estimates that India will export up to 6 million bales in the current season, although the association estimates now Till now only 54 lakh bales are there, but discussions will be held among the members in the meeting to be held this month.Amongst the imported cotton highest percentage of Oswal Enjoy is exported.
Ganatra told IANS that after the last three years, there has been such a huge boom in Oswal Arman cotton, which will undoubtedly increase the interest of farmers towards cotton cultivation in the next season and the area under cotton sown will increase by at least 10 per cent compared to last year.
Will increase.The price of cotton rose to 95.57 cents per pound on the international futures market Intercontinental Exchange (ICE) on February 25, which is the highest level since June 11, 2018, when the price of cotton on ICE rose to 96.49 cents per pound.