Indian cotton policy making cotton farmers income or - will be greatly increased
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According to a USDA agricultural outlook BBS, India's agriculture will be the ultimate goal of cotton policy is a long-term system of farmers under the new system can get higher prices than MSP on the open market.
According to the new plan, the composition of farmers' income is fixed cost + family labor (
The 3276 rupees/quintal)
After the adjustment 2018/19 MSP/quintal equivalent to about 4900 rupees.
In 2017/18, India's general upland cotton and long-staple cotton MSP 4020 rupees respectively and 4320 rupees.
Summer crops of MSP will be released in June, and October MSP acquisition.
At the same time, the Indian government is also considering price difference system, namely the government does not need to buy, will be the difference between the market price and the MSP supply farmers.