The prices of organic cotton, both extra-long staple (ELS) and long staple, have shown an upward trend since June 2021. The price of ELS organic cotton (34.5 mm) has surged by 34 per cent since June 2021, while that of long staple organic cotton (28.5 mm to 34.4 mm) has jumped 108 per cent. India produces nearly 50 per cent of the world’s organic cotton. The price of ELS organic cotton increased by 2.29 per cent to ₹338.96 per kg in this month from the average price of ₹331.37 of March-May 2022, according to Fibre2Fashion’s market insight tool TexPro. The average price was ₹330.19 in December 2021-February 2022, ₹297.07 in September-November 2021 and ₹252.87 per kg in June-August 2021 when the prices increased 22.52 per cent from average price during the preceding three months.
Long staple organic cotton recorded average price at ₹330.57 per kg in this month which was 6.42 per cent higher than average prices of ₹310.63 in March-May 2022. The prices had registered steep rise from September 2021 to May 2022. March-May 2022 recovered 24.58 per cent from average price during the previous three months. The average price of long staple organic cotton was ₹249.34 per kg in December 2021-February 2022 with increase of 35.80 per cent from ₹183.61 in September-November 2021 when it surged 15.84 per cent from previous three months. The price was ₹158.50 per kg in June-August 2021, as per TexPro. In 2020-21 season, India’s organic cotton production stood at 8.10 lakh MT.
