Last Updated : 09 April 2012 at 16:05 IST
India's cottonseed output to fall on lower demand, rising production cost
Source :agencies
Due to rising production cost and lack lustre demand, the cottonseed production in the country is expected to move down significantly, according to P. Satish Kumar, Secretary of Andhra Pradesh Seedsmen Association.
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NEW DELHI (Commodity Online): Due to rising production cost and lack lustre demand, the cottonseed production in the country is expected to move down significantly, according to P. Satish Kumar, Secretary of Andhra Pradesh Seedsmen Association.
According to reports, the use of the seeds is likely to decrease by 5% over the year on lack lustre demand.
According to reports, the price of the commodity may move down by Rs 68 a packet, if companies sold seed with redgram seed.
Meanwhile, cotton remains an important commodity despite the present price levels are lower as there is no alternatives for it.
The price of the commodity last year Last year was Rs 825 a packet (BG-I) and Rs 1,000 (BG-II) in the North Zone and in Central and South Zone, it was around Rs 830 (BG-I) and Rs 930 (BG-II).
Meanwhile, according to Andhra Pradesh Seedsmen Association, if the government do not take necessary action to control the input cost, the production of the seeds will move down further.
Cottonseed is used as cattle feeds, used in making cotton seed oil, Lotions and Soaps and Fertilizer.
