After resisting pressures from seed companies for a long time, the State government finally yielded and agreed to enhance the price of Bt cotton from Rs.650 to Rs.830 for a 450-gram pack in case of Bt Cotton I and from Rs.750 to Rs.930 for Bt cotton II variety.
A senior Agriculture Department official told this correspondent on Friday night that an order was being issued to give the necessary statutory backing to the hike and specifying the cut-off date from which the new prices would come into force.
The increase in the price will undo the benefit to the farmers extended by the Y.S. Rajasekhara Reddy government which fought a prolonged legal battle with the American company Monsanto, the chief supplier of Bt cotton seeds to Indian farmers through its subsidiaries.
Following an order issued by the Monopolies & Restrictive Trade Practices Commission (MRTPC), Monsanto was forced to slash the price from Rs.1,850 to Rs.750 for a 450-gram pack on an average, five years ago.
Meanwhile, the CPI-affiliated Andhra Pradesh Rythu Sangham has condemned the government action in taking the decision to hike the price, describing it as anti-farmer.
It demanded withdrawal of the increase and has convened an all-party meeting at its office here on Saturday to discuss the plan of action to fight against the increase.
Order being issued to give the necessary statutory backing to the hike The hike will undo the benefit to farmers extended by YSR government
Order being issued to give the necessary statutory backing to the hike
The hike will undo the benefit to farmers extended by YSR government