Global Recession in cotton to hit distressed Indian cotton Farmers :Farmers demand Immediate Ban Cotton Import and Incentive for Cotton Export

Global Recession in cotton to hit distressed Indian cotton Farmers :Farmers demand Immediate Ban Cotton Import  and Incentive for Cotton Export

Dated-28th July 2014

Vidarbha cotton farmers urged Indian Govt. to immediately imposed cotton import ban and announce special export incentive for Indian cotton export due to sudden 30% slashed in Global cotton lint prices in last two months as Cotton prices is facing  downward trend  in 2014/15 on rising inventories in China and world production likely to exceed consumption as prices of cotton in world which were traded on 20th may around 98 US cent per pound is trading today as low as 65 US cent per pound that is from Rs.45500 per khandi (2bales of  170 kg each) to around Rs.30500/- and present indication of international recession in global cotton economy due to change in cotton purchase polices  of China Govt. which is clear indication that Indian cotton farmers will have to sale kharif cotton crop of this session 2014-15 below the MSP(minimum support price) i.e. Rs.4050/- per quintal hence in order stop massive import of  chip cotton and protect interest of distressed debt trapped Indian cotton farmers who cultivating cotton in more than 12 million hector  largest in the world ,informed by Kishor Tiwari of Vidarbha Janandolan Samiti (VJAS)activist group working for cotton farmers  in the eastern part of Maharashtra where cotton farmers are committing @ 8 hours since 2004 after massive import of cheaper cotton was allowed by last NDA Govt.

‘After   delayed rain in main cotton growing region like drought prone condition in Gujarat ,Maharashtra and Telangana ,expected cotton production has been dropped to 50%  where as cost of cultivation has been double hence farmers are demanding higher MSP  (minimum support  price) from Rs. 4050/- to at least Rs.6500/- per quintal but global and domestic market prices of cotton being traded for October onward indicates that massive cut domestic market moreover if Indian textile mills import cotton bales then there will be no taker Indian cotton bales hence Indian Govt. corrective steps to protect the interest cotton farmers are must’ Tiwari added.

Modi Govt. proactive for sugar but insensitive cotton growers

In order to protect the sugarcane cultivators and debt trapped sugar factories ,new NDA Govt. has given special bailout package to sugar sector by giving Rs.6000/- crore intrest free loan and immediate imposition of 15% import duty of  sugar but even internationally cotton prices has been dropped down   around 98 US cent per pound is trading today as low as 65 US cent per pound that is from Rs.45500 per khandi (2bales of  170 kg each) to around Rs.30500/-  and delayed rain has damaged cotton crop  needs immediate intervention to protect distressed cotton agrarian community  

NDA should address Cotton MSP(Minimum Support Price) Issue

Drought hit dying cotton farmers are till recalling Indian Prime Minister Narendra Modi’s election promise of giving minimum support price having considered investment plus 50% profit and arrange procurement agency to purchase at this cost but neither in president speech nor in the NDA budget the issue of MSP even mentioned, this was not expected from new Govt. which was overwhelming voted him to power hence now under new circumstances of international recession in cotton economy ,Indian Govt. intervention in only solution to save dying Indian cotton  farmers , Tiwari urged