Home / Knowledge / News / Textiles / Unrevised prices cause Bt cotton seed production to fall
Unrevised prices cause Bt cotton seed production to fall
24
Feb '11
High production costs in Andhra Pradesh has caused the state's Bt cotton seeds production to fall by around 30 to 35 percent, as against the annual demand of around 45 million cotton seed packets, owing to which, the producers in the state could manage to supply only 35 million packets during the year, the National Seeds Association of India (NSAI) stated.

The State Governments generally fixes the price for these seeds, but here in spite of such a significant rise in the production cost, the government declined to revise its prices, last year.

However, the National Seeds Association of India (NSAI) is considering forwarding a request to the various state governments to revise the prices of Bt cotton seeds. It is to once again take up the issue to the state Chief Minister to seek his intervention in the matter. Prior to this, the NSAI walked to the CM with an urge to raise the Bt cotton seed prices by 30 percent in February 2010.

The Bt cotton seeds, presently are being sold at Rs 650 per packet for single and Rs 750 for double gene technology. The NSAI had urged the state government to raise this price to Rs 850 and Rs 1,050 per packet respectively.

Andhra Pradesh alone contributes 75 percent of the country's overall seed production, while employing around 2.5 million direct and indirect workers in the industry.

The Bt cotton seed market has a Rs 20 billion share in Rs 70 billion worth seed industry.

Also that, around 90 percent of the total cotton cultivation in the state is under Bt cotton. But then, this overall acreage under Bt cotton cultivation is also likely to come down if the companies keep on cutting down their production.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Anshul Sood
Oceedee

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

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Lynda Kelly
Suominen Corporation

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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:
April 2017

April 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



X