The cotton indirect auction was place in the Moolanur regulated market near Dharapuram. Cotton was sold at auction for Rs 2.52 crore. The highest price for a quintal of cotton was Rs 8,532.
Tirupur : The cotton auction was held at the Moolanur regulated sales meeting.
Cotton was auctioned off indirectly at Moolanur Regulated Market in Tirupur District.
Cotton was brought for sale by 1,084 farmers from the districts of Tirupur, Karur, Trichy, Dindigul, Erode, and Coimbatore.
Similarly, traders from Tirupur, Dindigul, Erode, Salem, and Coimbatore districts participated in the cotton indirect auction.
The highest price paid in the auction was Rs 8,532 per quintal of cotton, the lowest price was Rs 6,900, and the average price was Rs 7,500.
The auction was held for a total of Rs 2,52,94,719, according to Mr Kannan (in-charge), Senior Secretary, Tirupur Sales Committee. Superintendent Sivakumar had planned the sale.
Cotton was auctioned off indirectly at Moolanur Regulated Market in Tirupur District.
Cotton was brought for sale by 1,084 farmers from the districts of Tirupur, Karur, Trichy, Dindigul, Erode, and Coimbatore.
Similarly, traders from Tirupur, Dindigul, Erode, Salem, and Coimbatore districts participated in the cotton indirect auction.
The highest price paid in the auction was Rs 8,532 per quintal of cotton, the lowest price was Rs 6,900, and the average price was Rs 7,500.
The auction was held for a total of Rs 2,52,94,719, according to Mr Kannan (in-charge), Senior Secretary, Tirupur Sales Committee. Superintendent Sivakumar had planned the sale.