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 percent since June 2021, while that of long staple organic cotton (28.5 mm to 34.4 mm) has jumped 108 percent. India produces nearly 50 percent of the world’s organic cotton.
The price of ELS organic cotton increased by 2.29 percent to Rs. 38.96 per kg in this month from the average price of Rs. 331.37 of March-May 2022, according to market insight tool TexPro. The average price was Rs. 330.19 in December 2021-February 2022, Rs. 297.07 in September-November 2021 and Rs. 252.87 per kg in June-August 2021 when the prices increased 22.52 percent from average price during the preceding three months.
Long staple organic cotton recorded average price at Rs. 330.57 per kg in this month which was 6.42 percent higher than average prices of Rs. 310.63 in March-May 2022. The prices had registered steep rise from September 2021 to May 2022. March-May 2022 recovered 24.58 percent from average price during the previous three months. The average price of long staple organic cotton was Rs. 249.34 per kg in December 2021-February 2022 with increase of 35.80 percent from Rs. 183.61 in September-November 2021 when it surged 15.84 percent from previous three months. The price was Rs. 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.
