Live
- AAP Announces Final Candidate List For 2025 Delhi Assembly Elections, Kejriwal To Contest From New Delhi
- PIL in SC seeks direction to designate BMC as sole planning, sanctioning authority for Mumbai
- 3rd Test: Centuries from Head, Smith help dominant Australia feast on listless India
- AAP final list of 38 names in Delhi: Kejriwal, CM Atishi retain seats
- Tributes Paid to Sardar Vallabhbhai Patel on His Death Anniversary at CM Revanth Reddy's Residence
- In just one year, Bhajanlal govt wins hearts of people
- CM Chandrababu announces establishment of Potti Sriramulu Telugu University
- Sutume, Kissa win World 25K Kolkata; India's Gulveer makes course record
- US accounts for 18 per cent of Indian exports in FY24
- Will end Naxalism in Chhattisgarh by March 2026: Amit Shah
Efforts on to topple e-Auction of cotton
Barely a week after the e-Auction was introduced by the Warangal Agriculture Market Yard, the system faces a tempest of a situation as the farmers allegedly instigated by some forces with vested interests up in arms against the administration to reinstate the old practice.
.jpg)
Warangal: Barely a week after the e-Auction was introduced by the Warangal Agriculture Market Yard, the system faces a tempest of a situation as the farmers allegedly instigated by some forces with vested interests up in arms against the administration to reinstate the old practice.
Some cotton farmers went on rampage and destroyed the computers and furniture at the Enumamula Market Yard here on Wednesday when they found the price quoted through the e-Auction was as low as Rs 800 per quintal much against their hopes of getting a remunerative price through the newly introduced system, which they believed that it would end the trading syndicates’ sway over the market price.
The new online system which invites bids through the National Commodity and Derivatives Exchange Limited (NCDEX) gives no scope to the purchaser (trader) and commission agent (adthi in local parlance) to bargain with the farmer. The officials will issue a slip allotting a lot number when the farmers enter the market yard with their produce.
After having a look at the produce of different farmers, the purchaser will quote the price specifying the lot number which they want to procure.
Later, the officials release the details of price quoted by each purchaser to all the lots landed in the market that day. This gives the farmers a fair chance of getting a remunerative price as they sell their produce to highest bidder.
But, many of the bids placed by the traders were below Rs 2,000 per quintal. While the lowest bidding was Rs 800 per quintal, the highest recorded was Rs 4,225 per quintal, according to the sources.
It may be mentioned here that minimum support price (MSP) announced by the government was Rs 4,100 per quintal. However, the CCI centres are yet to commence the procurement in the district.
Although it appears that farmers were infuriated by the low price offered to them, the inside story is different. It’s alleged that the cartel of traders intentionally quoted low price to create a notion among the farmers that e-Auction is of no use.
Later, they allegedly instigated the farmers to oppose the e-Auction. It may be mentioned here that in the past, it was alleged that the CCI procurement centres intentionally rejected the farmers’ produce on the pretext of high moisture content. As per the CCI norms, the moisture content in the kapas should be between eight and 12 per cent.
By:Adepu Mahender
