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Cocoon auction held at Kathua, Rs 1.54 cr business done

KATHUA, JUNE 12: Sericulture Development Department organized dry silk cocoon auction market at Kishanpur Billawar from 23/05/2015 to 09/06/2015 for auction of the cocoon produced during spring season by cocoon growers of Billawar area. More than 50 silk cocoon buyers from West Bengal besides 3 buyers from Kashmir valley participated and purchased 28095.350 Kgs dry cocoon (equal to 86095.050 Kgs green cocoons) from about 4000 farmers for an amount of Rs. 1,54 cr at an average rate of Rs. 550/- per Kgs. The cocoon was auctioned through open bid system where buyers after assessing the cocoon lots for various quality parameters such as colour, shine, built, shell weight etc offered bids to the lots and competed to buy the cocoons of their choice. The highest bid stood at Rs. 870/- in the market.

Sh. Rattan Chand S/O Sant Ram R/O Tharakalwal earned an amount of Rs. 68,374 for his lot of 86.550 Kgs cocoon @ Rs. 790/ Kg. It is pertinent to mention that during current year’s spring season due to adverse climatic conditions when other crops failed, cocoon crop has been produced successfully but not to the extent it is produced in normal weather conditions. The Department of Sericulture also arranged auction of about 1500 Kgs green cocoon at Barnoti during 3rd week of April.

Representational Photo (File Photo)