Cotton worth Rs 2 crore sold at Sembanarkovil regulated market

Cotton is sold via a weekly indirect auction held every Monday at the Sembanarkovil regulated market in Mayiladuthurai district, under the National Agriculture Market (e-NAM) scheme. Factory owners from other states and districts participated in yesterday's auction to procure the produce from farmers.

In this auction, cotton fetched a maximum price of Rs 10,010 per quintal, a minimum of Rs 8,609, and an average of Rs 9,100. A total of 2,000 quintals of cotton were sold for Rs 2 crore. Farmers expressed satisfaction as the prices were higher than the previous week.

Courtesy: Hindu Tamil Thisai