Cotton procurement date extended: Cotton procurement date extended till March 15; Important decision of CCI for farmers
Pune News: CCI has finally extended 15 days for the purchase of cotton under guarantee. Cotton procurement in the state will now be done with guaranteed price till March 15. Therefore, CCI has appealed to the cotton producers to book their slots and sell cotton at a guaranteed price.
Cotton Corporation of India i.e. CCI had decided to stop purchasing cotton with guarantee from Friday (27th). But farmers were still demanding extension of time as there was still a large amount of cotton left. State Chief Minister Devendra Fadnavis had also written a letter to Union Textiles Minister Giriraj Singh demanding extension of time till April 30.
But till the evening of 27 February, no decision was taken regarding cotton expansion. Therefore, various types of discussions continued in the market throughout the day. There was confusion among the farmers also. Farmers in many areas are saying that they still have up to 30 percent cotton left. There was a fear that these farmers would face problems due to this. But this evening a decision was taken to extend the deadline. So farmers will get relief.
CCI President Lalit Kumar Gupta said Maharashtra Chief Minister Devendra Fadnavis had requested Union Textiles Minister Giriraj Singh to extend the deadline for cotton procurement. Farmers were also demanding extension. Accordingly, Textiles Minister Singh, keeping in mind the demand of the Chief Minister, has extended the deadline for cotton procurement in the interest of farmers.
guarantee required
Cotton prices in the domestic market have declined since CCI started selling them. The price has come down from Rs 8,500 and at present the average price of cotton in the market is between Rs 7,300 to Rs 7,700. So the guaranteed price of cotton is Rs 8 thousand 110. The price has been reduced by Rs 800 from the guaranteed price. On one hand CCI is reducing the price by selling cotton at lower prices. Therefore the basis of guarantee is necessary. Farmers need the option to sell cotton at a minimum guaranteed price.
25 lakh bales purchased in the state
Since the price of cotton was low from the beginning, this year also CCI's purchase got a good response from the farmers. CCI has so far purchased 102 lakh bales of cotton in the country. Out of this, 25 lakh 50 thousand bales of cotton were purchased in Maharashtra. CCI has informed that 31 lakh bales have been purchased in Telangana. There is a possibility that as time progresses, purchases in the state will increase.
Maharashtra Chief Minister Devendra Fadnavis had requested Union Textiles Minister Giriraj Singh to extend the deadline for cotton procurement. Keeping in mind the demand of the Chief Minister and the interest of the farmers, the Union Minister has extended the deadline for cotton purchase till March 15.
Lalit Kumar Gupta, Chairman, CCI
read more:- Cotton target raised despite labour shortage
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