Related Keywords: bumper harvest, cotton, cotton corporation of India, cotton farmers, cotton prices plunge, Gujarat and Maharashtra, increase purchase, long staple cotton, medium staple cotton, MSP, procurement operation, Textiles Minister Santosh Gangwar
The government on Wednesday has directed the Cotton Corporation of India to increase its purchase from the major producers, including Gujarat and Maharashtra as cotton prices have plunged below the minimum support price fixed by the Centre due to an expected bumper harvest.
Prices have also slumped below the MSP in many places because of weak global markets , which has stopped exports.
