The federation has raised cotton prices of H-4, H-6 and MECH varieties by Rs 200 each to Rs 19,400 per candy for fair average quality (FAQ), Rs 19,600 for Superior and Rs 19,900 per candy for Superior Silver quality, respectively.
Domestic cotton markets are pretty firm. One of the reasons of this sudden large rise is due to southern mills buying. Southern mills are buying in a big way because of year-end considerations, he added.
The Mahafed is specially set up to undertake the cotton procurement in the state and selling the same to the end users. It has 12 zonal offices with 68 subzones and 523 procurement centres.