Andhra Pradesh (AP) Cotton farmers face hardship as CCI yet to enter market ensuring Minimum Support Price (MSP)

07 December 2021, Mumbai:

The cotton farmers in the state are being exploited heavily this year, as the Cotton Corporation of In (CCI) is yet to enter the market. The private players in the market are offering throwaway price to the farmers, denyis minimum support price (MSP) offered by the state government.

This year, the CCI had announced an MSP of Rs 6,250 per quintal, while the market price now is just Rs 4,500 to Rs 5,500 The price is offered at the whims and fancies of the private buyers in the absence of the CCI in the market.

The price which was around Rs 9,000 per quintal in the beginning of the season had come down to Rs 4,500 now The private buyers are rejecting the yield at the market platforms on the grounds of quality particularly discolour.

TOI (The news article has not been edited by DFU Publications staff)

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

DAILY NEWS:

1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul
2. Consumers will determine growth of sustainable fashion e-comm in India
3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'
4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22
5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

Return to homepage