Financial Daily from THE HINDU group of publications Saturday, Dec 04, 2004 |
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Agri-Biz & Commodities
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Cotton Cotton Corpn agrees to pay transport bill in AP Our Bureau
Hyderabad , Dec. 3 THE Cotton Corporation of India (CCI) has agreed to bear the transportation charges incurred on taking cotton from the market yards to ginning mills in such places in Andhra Pradesh where the ginning mills were not available for the cotton purchases under the Minimum Support Price (MSP) operations, the Chief Minister, Dr Y.S. Rajasekhara Reddy, told newspersons here on Friday. Dr Reddy said that he spoke to the Union Textiles Minister, Mr Shanker Sinh Vaghela, in this regard and the latter prevailed on the CCI not to deduct transportation costs from the price paid to the farmers. In a letter to Mr Vaghela last month, the Chief Minister stated that it had come to his notice that the board of directors of CCI had decided to deduct transport charges from the price paid to the farmers for purchases under MSP operations. Pointing out that no such deductions were being made in case of commodities such as rice procured by the Food Corporation of India, Dr Reddy urged Mr Vaghela to instruct CCI to waive the transportation charges.
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