2018-19 = ₹710
2019-20 = ₹710 (0 per cent)
2020-21 = ₹730 (3 per cent)
2021-22 = ₹767 (5 per cent)
2022-23 = ₹810 (6 per cent)
2023-24 = ₹853 (5 per cent)
2024-25 = ₹864 (1 per cent)
The Union Agriculture Ministry has fastened the utmost retail worth (MRP) of Bt Cotton Seed worth at ₹864/packet for Bollgard II and at ₹635 for Bollgard II for the upcoming kharif season, as sowing is to begin with the arrival of monsoon in June.
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In a notification issued by Joint Secretary Ajeet Kumar Sahu, the Ministry mentioned that in train of the powers conferred by part 3 of the Important Commodities Act, 1955 (10 of 55) learn with sub-clause (1) of clause 5 of the Cotton Seed Value (Management) Order, 2015, the Central Authorities, after taking into account the advice made by the committee hereby notifies the utmost sale worth of Bacillus thuringiensis (Bt.) cotton seed packets (475 grams RIB seed packet containing minimal 5 per cent and most 10 per cent non Bt. Cotton seed) for the monetary yr 2024-25.
In 2023-24, the federal government had raised the MRP of BG II by 5 per cent to ₹853 and the seed trade was hopeful of the same enhance for subsequent season. Some trade consultants attributed the low hike to the final yr’s drought in lots of components of Maharashtra, a key rising area of cotton. Farmers in India principally use BG II seeds to develop cotton.
Based on trade estimates there was 30-40 per cent drop in cotton seed manufacturing in 2023 and there was not a lot surplus from earlier yr to offset the loss.
In kharif 2023, the precise gross sales had been 4.4 crore packets (of 450 gram every) towards availability of about 4.8 crore packets, Ram Kaundinya, adviser on the Federation of Seed Business of India (FSII), had mentioned earlier. The trade was anticipating the demand to develop to 4.8 crore packets in kharif 2023 from 4.2 crore packets in kharif 2022.
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The drop was because of lengthy dry spells in monsoon season. In lots of locations even germination was a problem. For seed objective, the cotton crop must be good in each side, Kaundinya had mentioned.
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