Home / Knowledge / News / Textiles / Indian govt hikes support price for 2014-15 cotton crop
Indian govt hikes support price for 2014-15 cotton crop
30
Jun '14
The Cabinet Committee on Economic Affairs, Government of India, on the recommendations of Commission for Agricultural Costs and Prices (CACP), has approved the new Minimum Support Price (MSPs) for Kharif cotton crop for 2014-15 season.
 
For medium staple cotton, the MSP for 2014-15 crop will be Rs. 3,750 per quintal, an increase of Rs. 50 over 2013-14’s MSP of Rs. 3,700 per quintal.
 
Similarly, for long staple cotton, the MSP for 2014-15 crop has been increased by Rs. 50 to Rs. 4,050 per quintal, according to an official statement.
 
The new MSPs would be effective from October 1, 2014 and would increase investment and production through assured remunerative prices to farmers.
 
Over the five-year period from 2010-11 to 2014-15, the MSP for medium staple cotton (called kapas short) has risen by 50 percent. The MSP was Rs. 2,500 per quintal in 2010-11, which increased to Rs. 2,800 in 2011-12, Rs. 3,600 in 2012-13, Rs. 3,700 in 2013-14 and Rs. 3,750 in 2014-15.
 
On the other hand, the MSP of long staple cotton (kapas long) has increased by 35 percent over the last five years. The MSP was Rs. 3,000 per quintal in 2010-11, which was raised to Rs. 3,300 in 2011-12, Rs. 3,900 in 2012-13, Rs. 4,000 in 2013-14 and Rs. 4,050 in 2014-15.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

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...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

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

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X