Farmers in Karimnagar are facing mounting anxiety over the declining prices of cotton, even as the central government has announced a minimum support price (MSP) of Rs. 7,521 per quintal. As new cotton purchases commenced at the Jammikunta Cotton Agricultural Market Yard last week, farmers voiced their concerns regarding the inadequate prices they are receiving for their crop.
While the government has set the MSP, farmers are expressing frustration that traders are often paying them less than Rs. 7,000 per quintal, citing quality issues as a justification for the lower prices. This is particularly disheartening for many farmers, as they compare current prices with those from the previous year, which were significantly higher.
The situation is compounded by rising costs of labor, pesticides, and fertilizers, which have all seen substantial increases over time. Moreover, adverse weather conditions have led to decreased yields, putting additional strain on farmers who are already struggling to make ends meet.
Farmers are urging the government to intervene, advocating for a support price range between Rs. 8,000 and Rs. 9,000 per quintal to better reflect the costs of production. The Cotton Corporation of India (CCI) has yet to initiate purchases in the market, with officials stating that tender processes have been completed and buying in 10 cotton mills is expected to commence within a week.
However, private traders have already shown interest in purchasing cotton, albeit at prices that farmers feel do not compensate for their investments. As the majority of markets remain hesitant to buy cotton, many farmers are expressing their grief and frustration over the declining prices and lack of support.
The plight of these farmers raises critical questions about the sustainability of cotton farming in the region and highlights the urgent need for policy reforms that can provide fair compensation and support for those who contribute significantly to the agricultural landscape.
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