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Organic cotton price is high in India since June 2021

Recently the prices of organic cotton, both extra-long staple (ELS) and long staple, have shown an upward trend since June 2021.

organic cotton
Figure: 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 price of ELS organic cotton (34.5 mm) has surged by 34 percent and long staple organic cotton (28.5 mm to 34.4 mm) has jumped 108 percent since June.

India produces nearly 50 percent of the world’s organic cotton. The price of ELS organic cotton increased by 2.29 percent to ₹338.96 per kg in this month from the average price of ₹331.37 of March-May 2022.

Though 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 percent from average price during the preceding three months.

On the other hand, long staple organic cotton recorded average price at ₹330.57 per kg in this month which was 6.42 percent 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 percent from average price during the previous three months.

Accordiong to Texpro, the average price of long staple organic cotton was ₹249.34 per kg in December 2021-February 2022 with increase of 35.80 percent from ₹183.61 in September-November 2021 when it surged 15.84 percent from previous three months. The price was ₹158.50 per kg in June-August 2021.

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