Categories: Business & Economy

India’s apex cotton body says prices are at their lowest in 4 years and the survival of the industry is vital to sustain the crop.

Cotton Corporation of India Managing Director Lalit Kumar Gupta said the survival of the textile industry is necessary for farmers to maintain their interest in cotton cultivation, as he termed the interests of farmers and those of the industry as interdependent.

All India Cotton FPO Association president Manish Daga echoed the sentiment, terming the minimum support price (MSP) as the only attraction in the market, adding that lack of access to MSP for farmers may lead to a reduction in cotton sown areas from next year.

Stating that more exports would mean the industry would be able to source from cotton farmers, the CMD of the Cotton Corporation said further decisions on extending import duty exemption on cotton would be based on a “holistic approach”.

India has waived import duties on cotton until the end of the current calendar year. Considering global uncertainties, wars and tariffs affecting textile exports, he said the government was taking all necessary measures to protect the interests of all stakeholders.

While Gupta highlighted an 8% increase in MSP for the current cotton season, he pointed out that cotton prices in the domestic and global markets are at their lowest level in 4 years. He told CNBC-TV18 that the government has opened 550 procurement centers in 11 cotton-producing regions and improved farmers’ access to markets in hopes of surpassing last year’s cotton purchases, which we described as the second highest MSP operation.

To align procurement with regional harvest readiness, procurement operations have started in the northern zone (Punjab, Haryana, Rajasthan) from October 1 and are expected to start in the central zone (Gujarat, Maharashtra, Madhya Pradesh, Odisha) from October 15 and in the southern zone (Telangana, Andhra Pradesh, Karnataka, Tamil Nadu) from October 21.

Highlighting climate change, crop yields and waterlogging as challenges for farmers as they can delay cotton flowering and compromise quality, Daga does not expect prices to rise above MSP in the current calendar year as textile purchases are down. He said farmers would benefit if the Cotton Corporation of India purchases more than 1.5 crore bales, as it did in previous years.

However, he stressed that procurement will be easier said than done and will depend on when it starts and the availability of quality cotton. Stating that India has 70-75 per cent of cotton farmers with small farms, he added that they will not be able to keep cotton until the new calendar year if it is not purchased.

Source link

Michael Johnson

Recent Posts

NBA annual survey says Thunder will repeat, Nuggets’ Jokic as MVP

Tim BontempsOctober 9, 2025, 11:46 a.m. ETCloseTim Bontemps is a senior NBA writer for ESPN.com who covers the league and…

3 weeks ago

Donald Trump to present Ben Carson with the Presidential Medal of Freedom

Former Secretary of Housing and Urban Development Dr. Ben Carson, recently named National Nutrition Advisor at the U.S. Department of…

3 weeks ago

Federal health insurance premiums will see another significant increase in 2026

Federal employees and annuitants are heading into another year of sharp increases in their health insurance premiums, both under the…

3 weeks ago

Drake’s Lawsuit Against Kendrick Lamar’s ‘Not Like Us’ Dismissed by Judge

A federal judge on Thursday (Oct. 9) dismissed Drake's defamation lawsuit against Universal Music Group over Kendrick Lamar's "Not Like…

3 weeks ago

10/9: CBS Morning News – CBS News

10/9: CBS Morning News - CBS News Watch CBS News Israel and Hamas agree to first phase of Gaza peace…

3 weeks ago

Letitia James, who sued Trump, indicted for alleged bank fraud: NPR

New York Attorney General Letitia James speaks during a news conference January 8, 2025 in New York. Michael M. Santiago/Getty…

3 weeks ago