Maharashtra cooperation, marketing and textiles minister Subhash Deshmukh has directed the Agriculture Produce Market Committees to commence online registration of farmers for the purchase of cotton from October 18 for the 2017-18 season. Cotton prices, however, are yet to reach minimum support price (MSP) levels. He cautioned farmers against distress sales.
The Maharashtra State Marketing Federation (MSMF) will set up cotton procurement centres under the Cotton Corporation of India (CCI), a report in a top financial daily quoted Deshmukh as saying. The federation will open 60 centres and CCI may also open another 60 centres.Maharashtra cooperation, marketing and textiles minister Subhash Deshmukh has directed the Agriculture Produce Market Committeesto commence online registration of farmers for the purchase of cotton from October 18 for the 2017-18 season. Cotton prices, however, are yet to reach minimum support price (MSP) levels. He cautioned farmers against distress sales.#
Cotton MSP has been raised by Rs 160 per quintal to Rs 4,020 per quintal for medium staple cotton and Rs 4,320 per quintal for long staple cotton. CCI and the National Agricultural Cooperative Marketing Federation of India Limited (NAFED) are the two agencies appointed by the government to extend the necessary marketing support to cotton growers in selling their produce at the most competitive prices.
Normally, CCI opens some 341 procurement centres across the country. However, this season, another additional 20 centres are expected to be established, CCI chief MM Chokalingam said.
In other regions, arrivals should begin from October 15 and a price fall is expected once arrivals start in full swing, he added.
Cotton had been sown on 111.55 lakh hectares till July 28 this year against 92.33 lakh hectares in the same period last year, according to statistics from the union ministry of agriculture. (DS)
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