cotton msp: Cotton prices expected to stabilise due to 9% hike in
By A Mystery Man Writer
Description
The Indian government has increased its minimum support price (MSP) for cotton by about 9% year-on-year for the 2023-24 marketing season. Cotton prices have already fallen over 25% in the last eight months, leading to a shortage of cotton in the market. The increase in MSP for the next season is expected to stabilise the prices and may lead to a 5% increase in cotton planting in India. Cotton processors are hopeful of getting enough raw material. However, some cautioned that a hike in MSP, without increasing cotton productivity, can endanger India's competitiveness in the global markets.
![cotton msp: Cotton prices expected to stabilise due to 9% hike in](https://eu-images.contentstack.com/v3/assets/bltdd43779342bd9107/bltb93a6b34c541bd18/63ebe8ba02ec1e692e7c4871/Figure_1_copy.jpg?width=700&auto=webp&quality=80&disable=upscale)
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cotton msp: Cotton prices expected to stabilise due to 9% hike in MSP - The Economic Times
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cotton ginners association News and Updates from The Economic Times - Page 1
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Cotton prices should stabilise thanks to MSP hike
![cotton msp: Cotton prices expected to stabilise due to 9% hike in](https://i1.rgstatic.net/publication/277306659_Extension_of_MSPMinimum_Support_Price_Fiscal_and_Welfare_Implications/links/5566ad0608aeab77721cbf53/largepreview.png)
PDF) Extension of MSP(Minimum Support Price): Fiscal and Welfare
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