The government has raised the BG-II Cotton seed price, although the cost is not compensated!
The central government has raised the prices of BG-II (Bolgard-II) cotton seeds. But on the other hand, the seed industry expressed disappointment over this growth. After the rise of ₹ 37 on BG-II cotton, its retail price has now increased to 1 901. The price of BG-I cotton seeds is set at 35 635 per packet. But about this, by raising the seed industry by just $ 37, the cost is not compensated. The All India Kisan Sabha (IX) has criticized the decision.
This growth is much less than the cost
The Federation of Seed Industry of India (FSI) represents research-based Agribiotech companies in the country. FSI leader Ram Kundinya spoke to an English newspaper ‘Businessline’ to increase the price of cotton seeds. Kondina said the cost of Rs 37 per packet of BG-II, the financial feasibility of cotton seed companies and the cost of research investments in cotton seeds is lower than the cost. ”
The price of cotton seeds except the feature fee increased from $ 751 per packet to 64 864 in 2024. Now it has been increased to 1 901, said Ram Kaundinia. This year’s annual growth rate is 1.8%. During this time, agricultural wages were up 120 percent and fertilizer prices were also doubled. The rising cost of this is concluding the profits of the cotton industry. “
The pressure on the cotton industry is increasing
The FSII leader said, “During the same period, the MSP of the cotton increased by more than 70 %, which means that in 2024, it reached Rs 7,121 per quintal to Rs 4,160 per quintal, which put pressure on the cotton industry to increase the seed purchase price.” Kundina believes that the general condition has been restored by the packet and 000 1,020. “The price (₹ 901) is frustrating. We want the government to understand the ongoing crisis in the cotton sector and declare more wide steps, including the proper seed price of cotton.”
The shortage may be in the market
At the same time, the Indian National Seed Association (NSAI), which represents the seed production companies, is also believed to be inadequate. NSAI President M Prabhakar Rao said, “This is not enough, because in the last 10 years we only got 1 percent of CAGR growth. We have asked for an increase in ₹ 150, but we only got ₹ 37.” Prabhakar Rao believes that this will lead to poor investments in research and development. “Investment in industry research and development affects the growth of new types and leads to sufficient seed production. It causes shortage in the market.”
‘Farmers are stuck in a deep crisis’
The All India Kisan Sabha (IX) has also criticized the decision. AickS General Secretary Vijay Krishnan said, “This increase should be seen in the event of an increase in 5 percent in 2023-24. On average, about 4.5 million packets are being sold annually, and someone can imagine the huge benefits of seed companies.”
Also read-
What methods and system tasks are being done to strengthen the digital crop survey? The Agriculture Minister said in parliament
Food Ministry Sugar Mills, 20 percent of packaging jute
