Home / Knowledge / News / Textiles / Govt discusses farmers' demand to raise cotton MSP
Govt discusses farmers' demand to raise cotton MSP
17
Nov '15
With cotton prices falling below the minimum support price levels at some places as well as farmers' demand to raise the support price for this year to protect the growers' interest, the Centre held a discussion on the issue on November 16, according to an agency report.

The government has already fixed the minimum support price (MSP) at Rs 4,100 per quintal for long staple cotton and Rs 3,800 per quintal for medium staple cotton for the 2015-16 marketing year.

Minister of State for Agriculture Mohanbhai Kalyanjibhai Kundariya said that all cotton-growing states are demanding increase in MSP and that the matter would be taken up at a higher level. With some farmers also demanding bonus, Kundariya said the state governments are free to announce it to protect the interest of farmers.

Senior officials from agriculture and textile ministries as well as the chairman of the Commission for Agricultural Costs and Prices (CACP) were present at the meeting.

The state-owned Cotton Corporation of India (CCI) was asked to open procurement centres at the earliest at places where prices have fallen below the MSP.

CCI, which has started also procurement in Andhra Pradesh and Telangana, aims to procure about 20-25 lakh bales (of 170 kg each) in the 2015-16 marketing year, substantially less than the 87 lakh bales it procured last year.

Cotton prices, which were ruling at Rs 4,800 per quintal in July 2014, have declined to Rs 4,300 per quintal in October, but slightly higher than the current MSP.

Cotton prices fallen due to poor export demand, particularly from China. (SH)

Fibre2Fashion News Desk – India


Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search