This year, Malwa sees gradual shift to CCI - Mandi Gobindgarh News

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Saturday, October 12, 2019

This year, Malwa sees gradual shift to CCI


This year, Malwa sees gradual shift to CCI

rneet Singh

Tribune News Service

Bathinda, October 11

In a significant development, cotton farmers of the Malwa region have gradually started opting for the sale of their produce to the Cotton Corporation of India (CCI) which had found no takers last year primarily due to its condition of direct purchase from the growers.

Experts attribute the change in trend to the fact that the textile industry is reeling under a slowdown and the farmers are not getting a good deal from the private buyers who are offering them between Rs 4,700 to Rs 5,200 per quintal, which is less than the cotton MSP of Rs 5,350 per quintal. Sources in the CCI told The Tribune today that they had purchased 600 quintals of cotton from the farmers in Abohar while reports from other markets of the region are yet to pour in. The CCI had procured 100 quintals of cotton from Abohar, 100 quintal from Killianwali and 60 quintal from Bhucho Mandi on Thursday.

“It is a positive development, which augurs well for both the CCI as well as the cotton farmers. Earlier, the farmers were hesitant to approach us, as they didn’t want to antagonise the arhtiyas by opting for direct sale of cotton to us. However, they are now coming forward to inquire about the process,” said the CCI sources.

Indian Cotton Association Limited president Mahesh Sharda said the CCI’s entry into the market would certainly boost the prospects for cotton farmers to get a better price.

“The farmers have now got an option in the form of CCI, as the private buyers are not offering them good prices,” he said. He, however, added that there was no dearth of private buyers in the market, but the problem was that the prices were being governed by the international market.

Cotton trader Ashok Kapur said the CCI’s entry into the market had come as a morale booster for the farmers. BKU Ugrahan’s general secretary Sukhdev Singh Kokri Kalan hailed farmers’ move to approach the CCI for selling their cotton produce, stating that they had been long giving a call to the farming community to free themselves from the clutches of arhtiyas. He urged the CCI not to impose cuts in payment to farmers on account of high moisture content.

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