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Related Keywords: around Rs 400 per quintal, China, cotton shipments, demand for cotton, domestic as well as international market, gone up considerably, High demand for cotton, last one week, Pakistan, pushing price of cotton, Saurashtra hub of cotton farming, Shankar-6 variety, soared happiness of cotton farmers, Vietnam and Indonesia, widely grown in Gujarat

High demand for cotton in the domestic as well as international market has soared the happiness of cotton farmers of Saurashtra,the hub of cotton farming. Demand for cotton in Pakistan, China, Vietnam and Indonesia has gone up considerably, pushing the price of cotton by around Rs 400 per quintal in the last one week.

Against the MSP plus bonus price of Rs 954, cotton farmers are now getting Rs 1,100 per cotton bale in the market yards with commitments of around four lakh bales being placed.

Related Keywords: cotton crop, current fiscal, demand for cotton, especially by mills, farmers, fetch relatively higher prices, higher output, increase acreage under cotton, International cotton advisory committee, rising and result in consistent fall in year-end stocks of cotton, sustain remuneration levels

With cotton crop able to fetch relatively higher prices in 2016-17 and is expected to sustain remuneration levels in the current fiscal as demand for cotton, especially by mills, is also rising and is likely to result in a consistent fall in year-end stocks of cotton, according to the International Cotton Advisory Committee (ICAC). Farmers are likely to increase acreage under cotton, resulting in higher output going forward.