India People'S Party Asks The Government To Raise The Minimum Supporting Price Of Rice And Cotton
India
The P. Sugunakar Rao, a national secretary of the people's party, pointed out that the central government did not raise the minimum supporting price of rice and cotton this year.
On Wednesday, he told the media that the agriculture cost and price Commissioner proposed raising the minimum supporting price of rice and cotton, but the government ignored his suggestions.
He asked the government to turn it in.
rice
The minimum supporting price has been raised to 1600 rupees / weight.
cotton
The minimum supporting price will be raised to 4000 rupees / weight, so that farmers can benefit from it.
Supplement:
Cotton prices have risen steadily, rising from 22000 rupees / bags in the past few years to the current 41000 rupees / pack.
The farmers are very happy.
But the industry is uneasy because cotton prices continue to push up the price of cotton yarn.
Last year, the price of cotton yarn was 110 rupees / kg, now 195 rupees / kg.
Therefore, clothing prices will also rise sharply, and clothing export orders may be substantially reduced.
Vinod Thaper, President of Club, said that the consequences of high priced cotton to the textile industry are obvious and are leading to a decline in clothing exports.
This year's floods caused widespread damage to cotton in Pakistan.
India's cotton export policy is very advantageous to the large exporters of the neighboring countries and domestic, but the days of small and medium-sized enterprises are very difficult.
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