Home / Knowledge / News / Textiles / Maharashtra cotton growers demand MSP of Rs 6000 per quintal
Maharashtra cotton growers demand MSP of Rs 6000 per quintal
01
Sep '11
Maharashtra State Co-operative Cotton Growers Marketing Federation Ltd (MSCCGMFL) has demanded that the Minimum Support Price (MSP) for cotton be raised to Rs. 6000 per quintal.

Speaking at press conference in Yavatmal, NP Hirani, Chairman of MSCCGMFL, revealed that two resolutions were passed at a recently held meeting of the Board of Director's of the Federation in Mumbai.

Besides the resolution on raising the cotton MSP to Rs. 6,000 per quintal, the meeting urged the Government to permanently withdraw the ban on cotton exports by covering it under the open general license (OGL) scheme.

Validating his demand for increase in the MSP, Mr. Hirani stated that the price of seeds, insecticides and fertilizers have risen manifold during the past few years and also cited the currently prevailing labour charges at Rs. 200-300 per head.

In 2007-08, the Government fixed the cotton MSP at Rs. 3,000 per quintal which, after a gap of four years, was hiked by just Rs. 300 in 2010-11.

Mr. Hirani said that the Federation urges the Government to discontinue with its practice of frequently changing its decision with regards to allowing or disallowing cotton exports, as this would only defeat the Government's very objective of sustaining the crop cultivators.

For 2010-11 cotton season, the Government had initially granted approval for exporting only 5.5 million bales of cotton, but subsequently raised this limit further by one million bales to 6.5 million bales. This brought in volatility in the market causing the world cotton prices to fluctuate between Rs. 60,000 per candy to Rs. 35,000 per candy.

The Federation Chief said that in case if there arises any shortage of cotton in the market, the textile sector may introduce apt measures to counter the deficit. He recommended that the current system of extending cotton export every two months should be removed and the OGL system should be introduced permanently.

Mr. Hirani said MSCCGMFL would start purchasing cotton in first week of November.

Fibre2fashion News Desk - India


Must ReadView All

(left to right) Rohit Munjal, Ashok  Shah, Rahul Mehta, Premal Udani, Rajesh Masand and Jayesh  Shah

Textiles | On 28th Jun 2017

CMAI to host 822 exhibitors at 65th National Garment Fair

The Clothing Manufacturers Association of India (CMAI) will host over ...

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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:
July 2017

July 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