Cotton was auctioned for Rs. 80 lakh at the Konganapuram branch of the Tiruchengode Agricultural Cooperative Marketing Society near here on Saturday.
While BT variety fetched between Rs. 4,600 and Rs. 4,900 per bag, the DCH variety was sold at Rs. 5,800 and Rs. 6,500 per bag. About 3,000 cotton bags were auctioned for Rs. 60 lakhs, according to society sources.
Farmers from Mettur, Edappadi, and Sankagiri areas had brought cotton loads to the society, the sources added.