Related Keywords: aid imports of cotton, cotton bales, cotton corporation of India, cotton output, cotton prices, cotton procurement centres, equitable distribution of cotton, farmers from Telangana, MSP, Santosh Kumar Gangwar, Union Textiles Minister
There is an expected slump in cotton output by 5-10 lakh bales likely this year and an expected rise of cotton prices as some farmers from Telangana have demanded an MSP of Rs 5,000 per quintal.
Earlier, during his meeting with farmers, Union Textiles Minister Santosh Kumar Gangwar had said the minimum support price (MSP) for cotton has been fixed at Rs 3,936-4,100 per quintal, depending on the moisture content.
But his ministry is in constant touch with the Finance Ministry for revising the price upwards.
