The Andhra Pradesh Cotton Association has asked the
Commerce Ministry to raise the minimum support price (MSP) of cotton by
at least Rs.500-700 to bail out the farmers and textile traders reeling
under the impact of ban on export of cotton.
Stating
that there was no rationale behind the ban, A.P Spinning Mills
Association president Gorantla Punnaiah Chowdary said 40 lakh bales have
arrived in market and about 15-18 lakh bales are still with the
farmers.
Association
president Kamepalli Subba Rao told media persons on Wednesday here that
an increase in the MSP would instil confidence among the beleaguered
farmers, already reeling under the impact of sliding prices.
He also said bleak power scenario in Andhra
Pradesh and Tamil Nadu meant that domestic ginning/spinning mills would
not be functioning of their full capacity and hence there was a need to
lift the ban on the exports. Vice-president of A.P Cotton Association
Ranga Sai was also present.
No comments:
Post a Comment