Private Traders Offer Higher Than MSP For Cotton In Punjab On Huge CCI Procurement, Spike In Yarn Rates
by M R Subramani - Jan 13, 2021 06:31 AM
Cotton stock.
Snapshot
Punjab cotton growers are now being offered prices far higher than the MSP by private traders â as high as Rs 5,900 a quintal.
Even as a section of their fellow farmers is protesting against the agricultural reforms brought about by the Narendra Modi government, cotton growers in Punjab are reaping the benefits of the progressive policies that allow them to sell their produce to anyone of their choice anywhere in the country.
Punjab cotton growers are now being offered prices far higher than the minimum support prices (MSP) of Rs 5,515 a quintal fixed by the Union government for this season (July 2020-June 2021) by private traders.