CCI bought 10 lakh quintals of cotton
Yavatmal: This season, huge fluctuations are being seen in the market price of cotton, while Cotton Corporation of India (CCI) has purchased up to 10 lakh quintals of cotton in the district under the Market Intervention Scheme.
Although the arrival from CCI has decreased this year compared to last year, farmers in the district have so far sold about 1.3 lakh quintals of cotton. Out of this, 10,19,784 quintals of cotton were purchased by CCI, while 3,90,686 quintals of cotton were purchased by private traders.
Currently, the price of cotton in the open market is around Rs 8200 per quintal, which is about Rs 330 more than the CCI rate. Because of this, many farmers are preferring to sell cotton to private traders instead of government procurement. Because of this, the pace of purchases from CCI has slowed down.
CCI is making purchases at different purchase centers in the district and registration has been done in the names of about one lakh 33 thousand farmers. Of these, 58 thousand farmers have received permission (token) to sell cotton and the remaining farmers are still waiting.
If we look at the purchase according to taluka, there will be 9 lakh quintals in Yavatmal, 69 thousand in Kalamb, 52 thousand in Ghatanji, 1 lakh in Pandharkavda, 1.25 lakh in Maregaon, 57 thousand in Jhari, 50 thousand in Darwa, 29 thousand in Ner, 14 thousand in Arni, 3 thousand in Digras, 29 thousand in Pusad and 38 thousand quintals in Mahagaon. Cotton has been purchased.
According to experts, increasing the pace of government procurement and timely payment of money to farmers can reduce the pressure on the open market.
Otherwise, farmers will once again have to bear the brunt of price fluctuations.
read more :- 3.53 lakh bales of CCI sold through online auction
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