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NAIP -- Domestic and Export Market Intelligence Cell (DEMIC) functioning in the Centre for Agricultural and Rural Development Studies (CARDS), Tamil Nadu Agricultural University (TNAU) -- today advised the cotton farmers to sell their stock immediately as price was not expected to rise. In a press release here, NAIP, based on a survey conducted by DEMIC, said the price of cotton (long staple varieties) would rule between Rs 3300 and Rs 3500 from March 2010 to September 2010. India has become the second largest producer of cotton next to China. In the last cotton year (Oct 08-Sep 09), the price of cotton faced a downward trend due to global recession, leading to less exports. Government increased the Minimum Support Price (MSP) by about 30 per cent, supporting the cotton farmers. The prices were ruling around Minimum Support Price (MSP) announced by the Centre.
India's State-run agencies -- Cotton Corporation of India and National Agricultural Cooperative Marketing Federation of India -- purchased almost 45 per cent of the country's total production in 2008-09 (Oct-Sep).
-- (UNI) -- 08MS31.xml
08 March, 2010 by admin