Related Keywords: cash rich CCI, cotton farmers, cotton purchases, Maharashtra State Cotton Growers Marketing Federation, minimum cotton support price, NAFED, state government
The state government has starting cotton purchases from November 15 onwards at minimum support price (MSP)wards but this will not provide relief to farmers who have suffered a double whammy of poor yield due to dry spell and plummeting rates. Cotton farmers are looking at a rate of at least Rs.6000 a quintal which will help them recover their expenses. This time, with elections over there is no political demand to raise the MSP that is rather low.
