Farmers have been selling cotton to the Cotton Corporation of India as the private traders are refusing to procure cotton from them at the MSP, which is Rs 6920 per quintal.
At the beginning of the procurement season, some private traders procured cotton at the MSP. However, during the past three months, no trader was procuring the cotton at the MSP in undivided Karimnagar district, forcing the farmers to sell their produce to the CCI.
Since November last year, the CCI has been procuring cotton at MSP from the market yards and some ginning mills with which it entered into an agreement.
The private trders procured 65,387 quintals of cotton from Jammikunta, Karimnagar and Choppadandi procurement centres, as against the procurement of 1,10,334 quintals of cotton by the CCI from these centres.
Jammikunta Agriculture Market Yard secretary G Reddy Naik made it clear that the CCI, for the past 20 days, procured more cotton when compared to the cotton procured by the market yard.
Farmers inclined to sell cotton to CCI at MSP
The fluctuations in price of cotton are directly proportional to the international market prices. In 2021-22, the Jammikunta market yard procured cotton at the record price of Rs 14,000 per quintal. However, the MSP dropped to Rs 9100 in 2022. In last November, the MSP offered was Rs 7600. However, it dropped to the current Rs 6920 a quintal. At the beginning, the CCI procured cotton at Rs 7020 a quintal.
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