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Substantial cotton crop loss expected in Maharashtra

04
Nov '09
The Maharashtra State Cotton Growers' Co-operative Federation will finally launch its cotton procurement season on November 5, which will begin from Wardha. Initial estimates had indicated a cotton crop of 3.5 million tons, which has now been revised to 3.0 million tons due to a bad monsoon.

Fibre2fashion spoke exclusively to Mr N P Hirani, Chairman, The Maharashtra State Cotton Growers' Co-operative Federation who said, “Yes we are going to do inauguration ceremony on November 5 at Wardha, which will entail the beginning of the cotton procurement season.

“There after we are planning to open centers in other parts of Maharashtra as per needs arising in future. Last year there were about 250 centers in whole state, but this year, it will be decided according to the needs.

“This year total cotton crop in Maharashtra state is expected to be around 3.0 million tons out of which our federation is expected to receive about 2 million tons and if at all there is a short fall in the cotton crop production, due to rains & other difficulties than there will be deficit in total cotton production by 40%.

He also mentioned that there has been a continuous rise in price of cotton since the last 15 days and prices have increased by around Rs 2,000 per candy (1 candy=315 kg) from Rs 22,000 per candy to Rs 24,000 per candy.

The state government has provided Rs 1 billion as margin money and stood guarantee for bank loans of Rs 5 billion to ensure prompt and fast payment for all the cotton procured from the farmers.

According to him as per the current trends, the price of cotton is rising which could benefit the cotton farmers and they could sell their produce in the open markets instead of to the federation to derive more profits.


Fibre2fashion News Desk - India


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