Kerala’s planters body oppose e-auction platform for rubber trading
The Association of Planters of Kerala has come out against the Rubber Board proposal to set up an e-auction platform for trading natural rubber, saying that the existing system provides fair prices for the commodity and maximum benefit to growers.
The members of the planters body felt that the current open market system, where the elasticity of supply and demand determine the price level, will be the right mechanism for the rubber sector.
More players may enter contract farming
The Cabinet decision on contract farming will not only spur private investments in agriculture but also free up farmers from the clutches of APMCs and encourage them to produce quality produce, say stakeholders.
At present, even the farmer producer organisations (FPOs) or producer companies (PCs) are required to seek permission from the APMC of their respective jurisdictions before entering into any direct sale agreement under contract farming.
Cotton Corp’s MSP purchases to top record 1-cr bales
State-run Cotton Corporation of India (CCI), which has made a record procurement of about 98 lakh bales so far, will continue to purchase the fibre crop at the minimum support price (MSP) till September, the new Chairman and Managing Director, PK Agarwal, has said.