Home / Knowledge / News / Textiles / No proposal to increase MSP of cotton: Minister
No proposal to increase MSP of cotton: Minister
03
Dec '14
There is no proposal to increase the minimum support price (MSP) of cotton, India’s minister of state for agriculture Mohanbhai Kundaria said in the Lok Sabha, the lower house of Parliament.
 
The minister informed that the Cotton Corporation of India (CCI) has initiated action for procurement of cotton from the growers at the MSP in 341 centres located in 92 districts in 11 cotton growing states.
 
During the current cotton season 2014-15, prices of cotton are below MSP in major cotton growing states. For example, the market prices of Bunny variety of cotton in Andhra Pradesh and Telangana are between Rs 3,850 and Rs 4,050 per quintal, as against the MSP of Rs 4,050 per quintal.
 
The market price of Shankar-6 variety in Gujarat is ruling between Rs 4,000 and 4,200 per quintal, compared to MSP of Rs 4,000 per quintal.
 
The prices of cotton in domestic market depend on a number of factors, including previous balance, current supply, current as well as future demand for cotton in both domestic and international markets.
 
At present, cotton prices in international markets are ruling lower than the prices that prevailed during the corresponding period last year, primarily due to lower demand by China and increased supply from the US, the minister said.
 
According to the Ministry of Agriculture, cotton has been planted on 12.6 million hectares this season, which is 7.7 per cent higher than the 11.7 million hectares planted in previous season. As a result, cotton output is likely to remain above 400 lakh bales (of 170 kg each) in the ongoing season. (RKS)
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Lynda Kelly
Suominen Corporation

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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...

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