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CCI agrees to buy cotton at MSP, but sets conditions

2023-12-06 14:59:19
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BATHINDA: The Cotton Corporation of India (CCI) on Tuesday assured farmers in Abohar that it will resume cotton procurement in the local grain market from December 7, but imposed two conditions - the cotton cannot be of inferior quality. .And the weight of the crop in one heap cannot exceed 30 quintals.


CCI's assurance came during a meeting with farmers, which was called after farmers blocked the Abohar-Fazilka road.


After this, Fazilka district administration organized talks between the two places.


CCI had a few days ago stopped purchasing cotton at procurement centres, mainly Abohar, one of the largest cotton procurement centers in Punjab.


With CCI away, cotton prices had declined and were even trading around Rs 4,500 per quintal at many places, while the minimum support price for 27.5-28.5 mm long staple stood at Rs 6,920 per quintal and for 24.5 Was Rs 6,620 per quintal. -25.5mm long staple.


Farm unionists Gunwant Singh and Subhash Godara, who led the protest on Tuesday, said it was found that some traders were bringing poor quality cotton crop from villages in Rajasthan near Abohar.


“Farmers have resolved that they will ensure that traders do not bring low quality crops from the neighboring state. Farmers in Rajasthan can bring their crops in smaller quantities after ensuring that the quality is not bad. If the quality is not up to standard, they will not get commensurate prices.
MSP. After our protest, CCI has assured to start the procurement,” Gunwant said.


A Cotton Corporation of India official said the procurement was being done as per the quality norms. Overall, so far 5.95 lakh quintals of raw cotton has been purchased from the procurement centers of Punjab. In such a situation, 1.12 lakh quintals of cotton has been purchased below the MSP.


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