Maha cotton federation likely to defer from opening centers

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Yavatmal (Maha), Dec 4 (PTI) The possibility of the Maharashtra State Cotton Growers Co-Operative Marketing Federation opening its centres in the state in general and Yavatmal district in particular to procure cotton this year appears remote. “In view of rigid stand taken by the union govt that it is not ready to either compensate the losses incurred by the NAFED last year to the extent of more than 25 percent or to hike the previous year’s Minimum Support Price (MSP) of cotton at the rate of Rs. 3300 per quintal, the Federation could not enter into an agreement with the NAFED so far and it is rather difficult now,” said Maharashtra State Cotton Growers Co-Operative Marketing Federation chairman N P Hirani. “The state government and the Federation have tried to convince the Central agencies about the urgent need of taking initiative to enhance the MSP of cotton and soybean to match the production cost but of no avail,” Hirani said. He said the state government might make some positive announcement only after lifting of the model code of conduct after December 15. According to him, private traders have already purchased more than 3-4 lakh quintals in the district at the rate of Rs 3500-3600 per quintal and it may touch over 25 lakh across the state during the current season. The farmers in this case need not go to APMC and are happy to save both the cess and the transportation charges and consequently fall prey of the unscrupulous traders, Hirani said, adding that the APMC is put to suffer heavy loss by way of depriving the cess due to it.

Source: http://ibnlive.in.com/generalnewsfeed/news/maha-cotton-federation-likely-to-defer-from-opening-centers/922092.html

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