After 5-year lull, 650 quintals cotton procured on first day of season
Staff Reporter After almost negligible procurement in past five years, Maharashtra State Co-operative Cotton Growers Marketing Federation (MSCCGMF or Cotton Federation) procured a handsome 650 quintals of cotton on the very first day of procurement this time. Cotton Federation started procurement for the season 2014-15 on Saturday at 27 centres across the State. With the cotton prices at a five-year low in international market, and the Government not starting procurement centres, farmers were forced to sell cotton at a price below the Minimum Support Price (MSP) in open market. For past few years, cotton-growers were getting good price in open market and it was more than the MSP declared by Central Government. They were happy. However, this time, with crashing of cotton prices, farmers had their only hope in procurement at MSP at Government centres. In Maharashtra, the Government started procurement through MSCCGMF from Saturday. Published in The Hitavada CityLine ...