The Minister for Agriculture in Telangana, Tummala Nageswara Rao, has urged the Cotton Corporation of India (CCI) to continue its cotton procurement in the state. This request comes as farmers still have a substantial quantity of cotton from the 2023-24 kharif season left in their possession.
During this season, farmers cultivated cotton in 44.92 lakh acres, with an estimated production of 25.02 lakh tonnes. The CCI, in collaboration with the State government, established 285 cotton purchase centers, purchasing 12.31 lakh tonnes of cotton valued at ₹8,569.13 crore from over 5.36 lakh farmers at the minimum support price. Additionally, private traders acquired 4.97 lakh tonnes of cotton from farmers.
There is an anticipated 7.1 lakh tonnes of additional cotton from farmers, with the third picking still in progress in some districts, and some quantity from the first and second pickings still held by farmers. Given the current high demand and prices of cotton in international markets, the Minister emphasized the importance of the CCI continuing its purchases.
The Minister highlighted that discontinuing CCI purchases could have adverse effects on market prices for the fiber crop, leading to losses for the farming community. In cases where cotton arrivals have lesser quality, the Minister suggested that the CCI could determine the price based on availability, following established practices.
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