NEW DELHI (Commodity Online): With the lower price realisation for the cotton farmers in India for 2011-12, the area under cotton has dropped drastically and is likely to affect the production for 2012-13.
According to Union Ministry of Agriculture, Cotton sowing has fallen 200,000 hectares from 1.5 million hectares to 1.3 million hectares in 2012-13.
To cope up with decrease in cotton acreage, some states are looking to increase production per unit area with new improved technologies and high yielding seed varieties.
Different state government has introduced schemes and launched programmes to promote Bt cotton to increase output and is aimed to increase production per unit area rather than increase the absolute area of production.
India is aims to produce around 550 kg/hectare.
Major cotton growing states like Maharashtra, Haryana and Gujarat has have joined hands with private companies to boost the area under production.
In India’s National Commodity and Derivatives Exchange (NCDEX), cotton for February delivery traded up 1.03% to Rs 1027 per qtl on 5th July at 11:10 IST.