‘Cotton Corp to obtain 125 lakh bales’

2020/10 08 00:10

The federal government, reeling below intense farmer protest,s notably in Punjab and Haryana, has introduced enhanced procurement targets for rice and cotton in the course of the present kharif advertising and marketing season and acknowledged that it has spent over ₹1.90 lakh crore in 2019-20 for procuring rice and wheat on MSP.

Asserting cotton procurement targets for the season, for the primary time, Textile Secretary Ravi Capoor stated the state-owned Cotton Company of India (CCI) would procure 125 lakh bales (one bale is 170 kg) of cotton, which is 20 lakh bales greater than the 105 lakh bales procured within the earlier season.

Capoor, who briefed the media together with Agriculture Secretary Sanjay Agarwal, Meals and Public Distribution Secretary Sudhanshu Panday and Meals Company of India (FCI) CMD, DV Prasad, assured the farmers that the CCI could be keen to obtain any quantity of high quality cotton that farmers carry.


Procurement assurance

Equally, FCI chief Prasad stated rice procurement goal for the present kharif advertising and marketing season is about at 497 lakh tonnes (lt), which is 18 per cent greater than 420 lt procured within the earlier advertising and marketing season. Moreover, there was a considerable enhance in procurement of rice in the course of the 2019-20 rabi advertising and marketing season (RMS). As in comparison with 64 lt within the corresponding season, rice procured in the course of the 2019-20 RMS was practically 90 lt.

Within the present season, 15,26,534 MT of paddy having MSP worth of round ₹2,882 cores has been procured from 1,27,832 farmers of Haryana, Punjab, Chandigarh, Uttar Pradesh, Kerala and Tamil Nadu as on October 6.

The federal government fielded the highest officers primarily to allay the considerations expressed by the agitating farmers that the federal government might eliminate the MSP regime with the latest passage of three farm Payments.

Reassuring the farmers, the officers stated the Narendra Modi authorities’s document on procurement has been exemplary.

Modi govt document

The FCI chief stated that the federal government spent ₹1,90,380 crore for procuring wheat and rice in 2019-20 as in opposition to ₹1,33,617 crore allotted in 2016-17. Moreover, the federal government payout for rice and wheat procurement within the present monetary 12 months to date was ₹1,20,155 crore, which is a whopping 53 per cent greater than the corresponding interval within the earlier fiscal.

In response to Capoor, the CCI has earmarked a sum of ₹35,000 crore for procuring cotton this 12 months, which is ₹6,500 crore greater than that within the earlier 12 months.

Agriculture Secretary Agarwal stated the whole space below kharif crop that is 1,zero95 lakh hectares (lh), 10 lh greater than the earlier document of 1,085 lh. He stated the realm below oilseeds, pulses and rice has gone up by 18 lh, 7 lh and four lh, respectively, as in comparison with final kharif season.

He stated there was substantial enhance in procurement targets set and achieved by the Modi authorities in comparison with the earlier UPA authorities. In paddy procurement alone, the federal government transferred ₹four.95 lakh crore to farmers over the last 5 years, 2.four instances greater than the ₹2.06 lakh crore spent in the course of the 5 years of the UPA-2. Equally, the Modi authorities spent 98 instances and 17 instances extra funds on procurement of pulses and oilseeds, respectively, throughout the identical interval as comapared to the second UPA regime.

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