Cotton farmers let down again by CCI

Cotton farmers taken for a ride by the CCI once again with delayed decisions and huge profits to traders in Telangana and AP.

As the CCI dillydallied on giving the MSP of Rs. 4320 per quintal, the farmers were driven to sell almost 73.04 lakh quintals but the CCI bought only 14.27 quintals and about 3.87 lakh quintals came from other states to Telangana yards for sale

It is said traders made huge profits of Rs.385 crore in the 73 lakh quintals they bought from the market due to CCI failure to rise to the occasion.