ICAR-CIRCOT launched pilot project on lint based cotton trading to augment in doubling farmer’s income

It’s a first of its kind innovative initiative in India, the ICAR-CIRCOT, Mumbai launched a pilot project for trading of seed cotton on the basis of lint realization or Ginning Percentage (GP). This project aims at assuring higher prices to farmers than the minimum support prices (MSP). Conventionally seed cotton is traded irrespective of lint percentage which is a major price deciding component. Seed cotton is traded by presuming lint percentage of around 33 -34% accordingly prevalent MSP rates are offered to farmers. However some cotton varieties realize as high as 42% GP. The benefit obtained out of higher GP goes to the pocket of traders and farmers are deprived of this benefit.  

Conventionally seed cotton is traded irrespective of lint percentage which is a major price deciding component. Seed cotton is traded by presuming lint percentage of around 33 -34% accordingly prevalent MSP rates are offered to farmers. However some cotton varieties realize as high as 42% GP. The benefit obtained out of higher GP goes to the pocket of traders and farmers are deprived of this benefit.  

Hence to empower farmers with this additional benefits, in this project ginning percentage will be determined on laboratory model ginning machines supplied by CIRCOT before auction in APMC. Premium rates are offered over and above 34% ginning percentage. One percentage increase in GP will fetch minimum additional premium rate of Rs. 100/-per quintal.

This pilot project is being implemented by ICAR-CIRCOT under the leadership of Dr. P. G. Patil, Director of the institute through it’s Ginning Training Centre at Nagpur. It is launched on 31st December 2019 in association with the major cotton mandi of central India i.e. Agricultural Produce Market Committee (APMC), Hinganghat, Wardha (MS). Dr. S. K. Shukla, Principal Scientist, GTC of ICAR-CIRCOT and Mr. Sudhir Kothairi, Chairman of APMC and around 200 farmers were present during launching of pilot project.