Cotton Crashes As Farmers Release Held Back Stocks

Cotton prices have declined by nearly nine per cent in the past two weeks as growers have begun to bring their produce they had held back over the past few months to the agricultural produce marketing committee (APMC) yards. “Farmers in various States have changed their minds and are looking to sell their stocked kapas (seed cotton). Arrivals of kapas in May are at a new high and are expected to continue until the end of June,” said Anand Popat, a trader in cotton, yarn and cotton waste from Rajkot.