By admin       2019-04-29

MUMBAI – Maharashtra Commission for Agricultural Costs & Prices expects the Centre to raise the minimum support price of cotton by 10% for the kharif season starting October, said Chairman Pasha Patel."We had recommended a 15% increase in the MSP, and I am confident the government will agree on 10%," Patel told Cogencis on the sidelines of Cotton Conclave-2019 here today.Cotton Corp of India also concurred with the farm panel's view. "There is a possibility of at least 10% increase in the MSP for cotton in the coming kharif season," said P. Alli Rani, chairman-cum-managing director of Cotton Corp.The state-owned Cotton Corp had recommended a 25% increase in the minimum support price for 2019-20 (Oct-Sep), the sowing for which has started in irrigated areas of north India.The minimum support price of the medium staple variety is at 5,150 rupees per 100 kg and that of long staple variety is at 5,450 rupees per 100 kg, higher by 28% and 26%, respectively, from the previous year.Both Patel and Rani said that there has been a major increase in labour cost in farming.The support price is declared by the agriculture ministry and is usually based on the recommendations of the Commission for Agricultural Costs and Prices. The recommendation for the hike take into account the amount farmers spend in growing a crop, including cost of seeds, fertilisers, pesticides, and labour. End

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