Farmers coming with their cotton produce are finding it difficult to get money for their produce at Enumamula agricultural market here.
Presently, cotton commands a highest price of Rs.4,965 and a low of Rs.4,000 per quintal.
On Tuesday, a total of 8,000 bags arrived at the market but the traders were willing to pay only a nominal amount promising to pay the rest at a later date in view of shortage of currency notes.
Many of them are offering old Rs.500 and Rs.1,000 notes which the farmers are not ready to accept as they find it difficult to exchange.
Some traders are offering to transfer the amount in case the farmers have bank accounts. However, it costs Rs. 30 per transaction, which the farmers have to bear.
Market secretary Azmira Raju said they have opened a special counter at SBI office in the market to help farmers open accounts in case they do not have one.
Chamber of Commerce president K Pentaiah said traders are finding it difficult to pay farmers as there is shortage of currency and due to limit for withdrawal of amount.
As against the usual arrival of 25,000 to 30,000 cotton bags per day, the arrivals had come down to 8,000 and below per day as farmers do not have cash to pay for transport and labour charges.
