Home / Knowledge / News / Textiles / Farmers demand hike in cotton MSP to offset drought impact

Farmers demand hike in cotton MSP to offset drought impact

27
Aug '09
Farmers in the state of Maharashtra are demanding an increase in the Minimum Support Price (MSP) of cotton and soyabeans, considering the drought situation in the state, which is expected to reduce production of both the cash crops.

Last year the Central Government had increased the MSP of cotton by about 25-40 percent depending on the variety of cotton, but open market prices remained below the new MSP in cotton markets of India for most parts of the year.

In the last cotton season, the two central agencies; Cotton Corporation of India (CCI) and NAFED had purchased around 1.66 million tons and 0.8 million tons, respectively from cotton farmers in Maharashtra.

Farmer bodies are demanding the hike in MSP to offset the loss in production due to the drought like situation prevailing over the state. According to them a 50 percent drop in output is expected in cotton, soyabeans and other grains.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Ammza12 | Dreamstime.com

Apparel/Garments | On 3rd Dec 2021

Fashion & apparel companies rethinking on traditional supply chains

Drawing lessons from the resurgence of COVID-19 cases in China and...

Pic: Kheng Guan Toh | Dreamstime.com

Retail | On 3rd Dec 2021

US RILA offers supply chain recommendations to White House

To avert an ongoing cycle of congestion in the longer term, The US...

Pic: American Clothes Retail © Arne9001 | Dreamstime.com

Retail | On 3rd Dec 2021

Nearly 180 mn shop over Thanksgiving holiday weekend in US: NRF

Nearly 180 million Americans shopped during the five-day holiday...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability both financially & environmentally...

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Seema Mishra,

Seema Mishra

Set up in January 2020 by <b>Seema Mishra</b>, the Kasrawad Art Cluster...

Simone Morgante,

Simone Morgante

Based out of Como, Italy, and with technological expertise of nearly 70...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Bav Tailor, Label Bav Tailor

Bav Tailor
Label Bav Tailor

Born in London and Indian by origin, <b>Bav Tailor </b>is the Founder of...

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

Leave your Comments


December 2021

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


Advanced Search