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Cooperative raises procurement price for cotton
21
Dec '10
A cotton cooperative based in the Mediterranean province of Antalya, has recently made an announcement that it would be raising the procurement price for superior quality cotton.

In keeping with the announcement, the price of 'white ST-1 quality' would be raised from current 1.80 Turkish liras per kilogram to 2.10 liras.

Alterations that have affected the cotton markets in recent years have caused the cotton, popularly known as white gold to get even more valuable than real gold, the cotton cooperative stated. Moreover, significant fluctuations in the cotton prices in the domestic as well as global markets have also affected its decision, it added. The cooperative raised its procurement price from 1.6 Turkish liras to 1.8.

Farmers who were not being able to get sufficient income by cultivating wheat and corn, resumed to cotton cultivation, and are making good profits owing to the cooperative's price policy.

The cooperative claimed that, it has greatly contributed in increasing the cotton cultivation acreage in the region by motivating the cultivators to resume cotton cultivation. There was a sharp decline in the total area under cotton cultivation in the region, but now with its efforts the farmers have resumed cotton cultivation and are rather happy doing that, the cooperative said. Further, it added that it is delighted to have contributed towards this change.

Fibre2fashion News Desk - India


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