Mayiladuthurai: Over 62,000 metric tonnes of cotton has been auctioned at Mayiladuthurai and Nagapattinam for Rs 39.81 crore during the months of June and July, officials of the Agriculture Market Committee said, higher than the quantity auctioned for the same period last year. is more than double. Cotton is auctioned every week at four regulated markets at Mayiladuthurai (Sembanarcoil, Sirkazhi, Mayiladuthurai and Kuthlam) and Nagapattinam (Thirumarugal).
A total of 1,581 tonnes were auctioned in the Thirumarugal market and over 61,000 tonnes were auctioned in the four regulated markets of Mayiladuthurai. "The auction volume has doubled from last year, and we expect more volume to be auctioned due to surplus in supply. However, the demand was low," said an official of the Agriculture Market Committee. The average auction price has also decreased from last year. Last year, the price of cotton has increased from around Rs 90 per kg to Rs 65 per kg. The area under cotton cultivation in Mayiladuthurai increased from 5,200 hectares to 7,200 hectares over the previous year due to increase in supply and decrease in demand. Farmers are demanding to buy cotton from the Cotton Corporation of India (CCI) instead of relying on hidden auctions.
According to officials, however, the CCI has not agreed to the purchase at Mayiladuthurai. Guru Gopiganesan, farmer-representative of the Kaviri Delta Pasanathar Munnetra Sangam, said, “We are hopeful that the Union Bank will increase the MSP of cotton in view of the losses due to lack of demand. We request the state government to bring cotton under the Kuruvai Comprehensive Scheme. request." Completely." The official said, "The auction prices are still Rs 4 above the minimum support price. Farmers may not get the same price through CCI procurement due to their strict requirements."
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