Cocoons, which have been commanding a good price in the last three months, crossed a milestone on Wednesday when a kg of bivoltine cocoon fetched ₹1,043 at the Government Cocoon Market at Ramanagaram.
According to Assistant Director of Sericulture Department, Ramanagaram, Venkatesh, farmers were receiving good prices for cocoons since the onset of winter in late November, but on Wednesday the highest price crossed the ₹1,000 mark for the first time. The highest bid was ₹1,043 for a kg of bivoltine cocoon.
The minimum price for which a kg of bivoltine cocoon was sold on Wednesday was for ₹450, but the average price for the day worked out to ₹868.
