Fibres and Yarns | Industry And Cluster | News & Insights

The Government Intends to Provide MSP for Cotton

Published: October 22, 2023
Purchases of cotton will begin on November 1 for the 2023–24 season, and the Cotton Corporation of India has already notified eleven ginning mills and four market yards in the district for cotton purchases. Cotton purchases will begin. The cost of one quintal of cotton will be 7,020 Indian rupees. The cotton growers can register their names to get the MSP at the Rythu Bharosa Kendras, and the district administrators will sell the cotton at the notified centers.

On Friday, Guntur district joint collector G Rajakumari led a meeting with the authorities of agriculture marketing, CCI, police, agriculture, fire, and transport. They were instructed to make the necessary arrangements for cotton purchases during this meeting. She strongly encouraged the farmers to sell their cotton inventories at the notified centers in order to receive the MSP, and she urged them not to sell their cotton to private traders or to seek mediators.

The municipal government has decided to pursue legal action against the mediators in the event that they visit cotton-buying centers.

In the meantime, private sellers are giving a price per quintal of between 6,000 and 6,500 rupees for cotton of good quality. They set the price according to the quality of the product. They offer inexpensive prices, despite the cotton’s terrible quality, yet they do sell it.

Cotton yarn is stored in enormous quantities in ginning plants. As a direct consequence of this, they do not intend to purchase the cotton at a higher price. One of the reasons for this is the low price of cotton that private traders are providing causes.

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