Maharashtra: Cotton Production: Steep decline in cotton production! Ginning industry in Khandesh in crisis; 20 lakh bale target halved
Jalgaon: Due to heavy rains during the Kharif season this year, cotton production has decreased, resulting in:
Lower prices for traders and reduced cotton sales in the market. So far, the Cotton Corporation of India (CCI) has purchased 1.5 lakh bales of cotton. Private traders have purchased enough cotton to produce 3.5 lakh bales.
It is expected that enough cotton will be purchased to produce 3 lakh bales by the end of March. As a result, instead of the target of 20 lakh bales, only 8 lakh bales of cotton will be produced this year, and the ginning and pressing industry is facing a crisis due to the shortage of cotton. The annual turnover of Rs. 375 crore will be reduced to only Rs. 200 crore this year.
To avert a potential cotton crisis facing the country's textile mills and industries, the central government adopted a cotton import policy. Due to this policy, 40 lakh bales of cotton were imported into India. Previously, this import was only 10 lakh bales annually. However, on the other hand, domestic ginners were also expected to produce cotton bales.
Ginners had hoped that approximately 20 lakh bales would be produced domestically. However, due to the cotton import policy, there is no market for Indian cotton this year, resulting in a lack of demand. Meanwhile, farmers have not brought their cotton to the market for sale at their own discretion.
The CCI has started cotton purchase centers and has purchased up to 1.5 lakh bales of cotton so far. The CCI purchased cotton at a rate of Rs. 8,100, according to the central government's guaranteed price. However, cotton with higher moisture content was purchased at a lower price. On the other hand, private traders have offered prices ranging from Rs. 7,600 to Rs. 7,700 depending on the quality of the cotton. Despite this, farmers have not brought their cotton to the market for sale at their own discretion. Not the right price for exports
Cotton has not reached the market in the required quantities. As a result, the target of producing two million bales is likely to be reduced to only eight hundred thousand bales. Farmers are not selling their cotton in the hope of higher prices. This is preventing the production of cotton bales.
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