Hyderabad

Bonanza for Adilabad ginners

Ginners in Adilabad town have found a ‘gold mine’ in processing cotton for the Cotton Corporation of India as the latter was procuring the produce at a net fibre realisation of 31% per quintal.

The cotton sold by farmers which was of high quality was yielding a fibre of over and above 31 kg per quintal. The excess realised cotton was allegedly unscrupulously pilfered by ginners in connivance with some CCI officials. At least 1.5 kg to 2 kg of excess cotton per quintal was being pilfered.

This unjust enrichment of ginners was unequally putting CCI in a disadvantaged position. According to an estimate, every season CCI was losing on an average ₹5 core to ₹10 crore, said an official.

The corporation procured cotton from farmers for Minimum Support Price and further handed out to ginners of which 69% was segregated as cotton seed and waste. The cotton lint is further compressed into bales.

CCI Assistant General Manager K Maheshwara Reddy said that some consignments yield higher fibre while others fall short of the required stranded . “On balance we are maintaining 31 kg per quintal,” he said.

Mr. Reddy however said that there is a possibility of excess fibre accruing to ginners accounts. “We will examine the matter and set right the anomaly,” he added.

Sources in the corporation said that in April a few ginners had lifted several tons of cotton seed without paying money. “The amount was paid a few months later causing loss to the CCI,” he said.

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Printable version | Jan 24, 2021 4:15:20 AM | https://www.thehindu.com/news/cities/Hyderabad/bonanza-for-adilabad-ginners/article33180589.ece

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