Importing cotton should be prohibited, as farmers fear financial loss from lower output.
Farmers are worried about the falling prices of cotton, and now the demand for banning cotton import is gaining momentum. In major cotton producing states like Maharashtra, Andhra Pradesh and Telangana, the yield is getting affected due to high moisture in the crop.
Demand to buy crop at MSP
Many farmers are getting prices lower than the Minimum Support Price (MSP) for cotton crop, which is weakening their financial condition. Farmers want the government to buy their crop at MSP, which is Rs 7,122 per quintal.
Fall in prices
Maharashtra, where about 40 lakh farmers cultivate cotton, ranks second in cotton production in the country. However, cotton prices are expected to fall domestically. Even despite adequate production, there is talk of large-scale cotton imports, which may lead to further decline in prices.
Politics over cotton has heated up in Maharashtra due to the upcoming Rajya Sabha elections. Some leaders say that the Cotton Corporation of India has a large stock of cotton, due to which the demand for buying cotton at MSP is increasing. The current price of cotton in the state is between Rs 6,500-6,600 per quintal, which is less than the MSP of Rs 7,122. Therefore, farmers are hesitant to sell their crop and are waiting for a better price.
Demand for ban on import
Politicians say that there is already a large stock of cotton in the country, so imports should be banned immediately. If imports continue, cotton prices may fall further, causing huge losses to farmers and profits to traders.
Damage to crop due to weather
The cotton crop has suffered a lot due to unseasonal rains, due to which farmers are upset. According to reports, this year about 19 lakh hectares of cotton crop has been affected by adverse weather. Due to high moisture, the crop is still wet in many areas, which is affecting its price in the market.
Read More :> High Moisture Content Sparks Concerns for Cotton Farmers in Indian States
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