Ministry proposes to revise seed cotton intervention price to Rs6000 per 40 kg
ISLAMABAD/ MULTAN – Considering the cost of production and expected international price scenarios of future markets, Ministry of National Food Security and Research has proposed to revise intervention price of seed cotton (Phutti) to Rs6,000 per 40 kg for crop season 2022-23.
The proposal also aimed at reviving cotton production in the country, bring stability in domestic market and ensure fair return to the farmers for their produces, said an senior official in the Ministry of National Food Security and Research. Talking to APP here on Wednesday, he said that the ministry has also proposed for constituting a Cotton Price Review Committee (CPRC) with mandate to review market prices and propose intervention at fortnightly bases.
He said that the proposals would be submitted in the meeting of Economic Coordination Committee (ECC) of Cabinet for approval that would help to develop and promote declining major cash crop for achieving sustainable agriculture development and prosperity of the farming communities across the crop sowing areas in the country.
The CPRC would regularly monitor the cotton prices in the main domestic markets of Punjab and Sindh, as well as those in the international markets and issue a brief price report at weekly interval, he said, adding that under the suggested framework, the Trading Corporation of Pakistan (TCP) would intervene to buy up to 2 million bales of lint cotton on the pre-determined price based of Rs. 6,000 per 40kg. He further informed that price intervention policy during last year (2021-22) resulted in price stability in domestic market and fair investment in crop management. He added that it also resulted in 2 million bales additional production despite that the area under crop production declined by 7%.
Balanced application of fertilizers recommended for better cotton production
Farmers must get soil analyzed from laboratory to get knowledge of soil strength and weaknesses to ensure balanced application of fertilizers for healthier cotton production, said the spokesman of Agriculture Department on Wednesday. He said that need-based or balanced application of fertilizers could increase cotton production by 25-30 percent.
He said that farmers having weaker soil must apply 1.75 bags of DAP, 3.5 bags of Urea, 1.5 bag of SOP or MOP per acre and the soil with medium strength would need 1.5 bags of DAP, 3.25 bags of Urea, 1.5 bag of SOP or 1.25 bags of MOP. The spokesman added that the fertile land should get 1.25 bag of DAP, 3 bags of Urea, 1.5 bags of SOP or 1.25 bags of MOP. The recommendation is meant for main cotton sowing areas including Multan, Khanewal, Vehari, Lodhran, Bahawalnagar, Bahawalpur, DG Khan, Rajanpur, Muzaffargarh, Layyah, Sahiwal and Rahim Yar Khan, he told.
The spokesman also prescribed fertilizers application in secondary cotton sowing areas including Faisalabad, Toba Tek Singh, Jhang, Bakhar, Mianwali, Kasur, Okara and Pakpattan.
He said that weak soil in secondary cotton areas should get 1.75 bags of DAP, 3.25 bags of Urea, 1.25 bags of SOP or one bag of MOP. Medium fertile land should get 1.5 bags of DAP, 3 bags of Urea, 1.25 bags of SOP or one bag of MOP. Fertile land should get 1.25 bags of DAP, 2.5 bags of Urea, 1.25 bags of SOP or a bag of MOP.
Farmers should apply full recommended quantity of potassium and phosphorous fertilizers at the time of sowing. However, in case of Nitrogen, one-third be applied at the time of sowing, one-third at buds formation and remaining at flower stage, he added.