Telangana, Punjab and Odisha are three high States that have gotten most advantages of cotton procurement by the Cotton Company of India (CCI) in the course of the present season 2020-21 (October 1, 2020 to September 30, 2021).
CCI has procured 55 per cent of the cotton procured in Telangana adopted by 45 per cent in Punjab and 44 per cent in Odisha. CCI has procured 90.87 lakh bales (24.49 % of the full manufacturing) beneath Minimal Help Value (MSP) operations.
In keeping with the info offered by the Ministry of Textile in Lok Sabha final week CCI Telangana produced 60 lakh bales of which 33.33 lakh bales had been procured beneath MSP operations. Punjab and Odisha procured 12 lakh bales and 4.5 lakh bales respectively of which 5.38 lakh bales and 1.98 lakh bales had been procured.
Gujarat is the very best cotton producer State with the manufacturing of 90.5 lakh bales. CCI procured 4.05 lakh bales( 4.48%) from Gujarat. Maharashtra, the second-highest producer, produced 86 lakh bales of which 17.45 lakh bales (20.29%) had been procured.
In keeping with the Ministry, the CCI has not stopped the acquisition of cotton at MSP. “Additional attributable to substantial improve in kapas charges over the last three weeks, the ruling value of kapas are greater than MSP charges in most cotton-growing states and farmers are getting a greater value for his or her produce from market. Therefore, intervention will not be presently required in these states. Nonetheless, CCI is procuring round 25,000 to 30,000 bales per day within the cotton-growing areas wherever the prevailing kapas costs are ruling beneath MSP” the Ministry informed the Lok Sabha.
The Ministry added that India is a internet cotton surplus nation whereby manufacturing is greater than its consumption. As there’s adequate availability of cotton within the nation, the export of surplus accessible cotton could not have an effect on the textile items within the nation. Somewhat, it should assist the farmers to obtain a greater value for his or her cotton.