Telangana, Punjab and Odisha are a few best States that have obtained utmost gains of cotton procurement by the Cotton Corporation of India (CCI) throughout the present time 2020-21 (Oct one, 2020 to September 30, 2021).
CCI has procured fifty five for each cent of the cotton procured in Telangana adopted by 45 for each cent in Punjab and forty four for each cent in Odisha. CCI has procured ninety.87 lakh bales (24.forty nine % of the whole creation) beneath Minimum amount Assist Value (MSP) operations.
In accordance to the info introduced by the Ministry of Textile in Lok Sabha very last week CCI Telangana created sixty lakh bales of which 33.33 lakh bales were procured beneath MSP operations. Punjab and Odisha procured twelve lakh bales and four.five lakh bales respectively of which five.38 lakh bales and one.98 lakh bales were procured.
Gujarat is the greatest cotton producer Condition with the creation of ninety.five lakh bales. CCI procured four.05 lakh bales( four.forty eight%) from Gujarat. Maharashtra, the 2nd-greatest producer, created 86 lakh bales of which 17.45 lakh bales (twenty.29%) were procured.
In accordance to the Ministry, the CCI has not stopped the invest in of cotton at MSP. “Further thanks to sizeable maximize in kapas fees throughout the very last a few weeks, the ruling value of kapas are far more than MSP fees in most cotton-expanding states and farmers are getting a better value for their produce from marketplace. Hence, intervention is not presently needed in these states. Nevertheless, CCI is procuring all around twenty five,000 to 30,000 bales for each day in the cotton-expanding places where ever the prevailing kapas selling prices are ruling underneath MSP” the Ministry told the Lok Sabha.
The Ministry additional that India is a net cotton surplus region whereby creation is far more than its usage. As there is sufficient availability of cotton in the region, the export of surplus readily available cotton may possibly not have an affect on the textile units in the region. Fairly, it will enable the farmers to receive a better value for their cotton.