Nanded: Farmers are not getting guaranteed price in the marketCottonIt is time to sell at the center of government. CCI (Cotton Corporation of India) has so far procured 11 lakh 65 lakh quintals of cotton from farmers. Another 70 percent Cotton CCI predicts that is yet to come.
The government has fixed a guarantee price of Rs 6,970 for good quality cotton in the state. Initially, cotton had a good price in the private market. Therefore, it was estimated that the government will not have to open cotton buying centers this year as well; But in reality this prediction turned out to be false. The merchant class started looting the farmers' cotton in the market by blaming it as 'not good quality'. Cotton started fetching less than the guaranteed price. Therefore, the need for a government cotton procurement center arose. Today, CCI has started 110 cotton procurement centers in the state.
Quality of Cotton Good
Initially, the quality of cotton in the state declined somewhat due to rains; But now good quality cotton is coming.
So far 30 percent cotton has arrived. Another 70 percent of cotton is waiting to arrive.
Four and a half crore quintal production
is estimated to be four and a half crore quintal cotton production in the state this year.
Production may decrease due to decrease in sowing as compared to last year.
CCI started 110 centers for procurement. CCI is ready to buy at a guaranteed rate if no good price is found in the market. - S. K. Panigrahi, Senior General Manager, CCI, Mumbai
sourc : lokmat
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