Related Keywords: 11 producing states, cotton corporation of India, domestic and international markets, domestic cotton prices, farmers, future cotton demand, higher domestic production, prices of cotton, procure cotton, Sluggish export demand, state of India
Sluggish export demand and anticipated higher domestic production have resulted in rates falling below MSP in few states of India. Minister of State for Agriculture Mohanbhai Kundaria said in a written reply to the Lok Sabha that prices of cotton are below MSP in the states of Andhra Pradesh, Telangana and Maharashtra in the current cotton season 2014-15.
The Cotton Corporation of India (CCI) will procure cotton from farmers in 11 producing states as the rates have fallen below the minimum support price (MSP) in Andhra Pradesh, Telangana and Maharashtra, Parliament was informed today.
