Centre Sets Bt Cotton Seed MRP at ₹864/packet for 2024-25, Experiences Lowest Increase Since 2019
The Union Agriculture Ministry has set the maximum retail price (MRP) for Bt Cotton Seed for the 2024-25 kharif season at ₹864/packet for Bollgard II and ₹635 for Bollgard II. This marks the lowest increase in MRP since the 2019 season. The MRP for the past years and the percentage increase are as follows:
2018-19: ₹710
2019-20: ₹710 (0% increase)
2020-21: ₹730 (3% increase)
2021-22: ₹767 (5% increase)
2022-23: ₹810 (6% increase)
2023-24: ₹853 (5% increase)
2024-25: ₹864 (1% increase)
The notification, issued by Joint Secretary Ajeet Kumar Sahu, cites the powers conferred by the Essential Commodities Act, 1955, and the Cotton Seed Price (Control) Order, 2015. The decision takes into account recommendations made by the committee.
The relatively low hike in the MRP for 2024-25 has been attributed by some industry experts to the drought in key cotton-growing regions, particularly Maharashtra, during the previous year. The use of BG II seeds is prevalent among Indian farmers for cotton cultivation.
In 2023, there was a significant drop of 30-40% in cotton seed production due to drought, resulting in a shortage. The actual sales of cotton seed packets in kharif 2023 were 4.4 crore (450 grams each) against an availability of about 4.8 crore packets. This shortage was attributed to long dry spells during the monsoon season, affecting germination and overall crop quality.
The industry had expected an increase in demand from 4.2 crore packets in kharif 2022 to 4.8 crore packets in kharif 2023, but the shortfall in production impacted these projections. The new MRP for the upcoming season reflects the challenges faced by the cotton industry in the previous year
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