The Central government’s decision to constitute a committee
that will fix the prices of cotton seeds, including the genetically modified
(BT cotton) versions, from March 16 will benefit lakhs of farmers by
stipulating uniform prices across the country.
“A part of the credit for getting the panel constituted by
Union Agriculture Minister Radha Mohan Singh goes to Union Minister of Labour
and Employment Bandaru Dattatreya and Andhra Pradesh BJP president K. Haribabu,
who took the plight of cotton farmers to Mr. Singh’s notice,” said BJP State
general secretary J. Syam Kishore.
Addressing media persons here on Thursday, Mr. Kishore said
the fixation of uniform prices would break the monopoly of Monsanto which
dominated the hybrid seeds market.
The Cotton Seeds Price (Control) Order (CSPCO) would ensure
the payment of fair, reasonable and affordable prices to the farmers.
The decision to set up the committee and bring about the
CSPCO followed several representations by farmers and National Seed Association
of India for regulating sale price of BT cotton and other varieties in the
country. A seven-member panel would henceforth recommend MRP of cotton seed
after taking into account the seed value, licence fee which includes one time
and recurring royalty (trait value), trade margins and other taxes.
BT cotton is the only GM crop allowed for commercial
cultivation in India, Mr. Kishore said, adding that BT cotton technology has
been adopted in over 95 per cent of the country’s cotton growing area .
Fixation of uniform prices will break monopoly of private
seed firms, says K. Haribabu.
Kapas, Cocudakl and Cotton... Positional outlook seems
highly positive on charts and any sharp panic will be buying opportunity in it
but trade with levels only.
Maintain your long holding and accumulation as an outlook
for at least 8 to 12 months
Kapas (Apr)
Support at 850---820 and Resistance at 920
It looks positive and could test its resistance level of
920. Three consecutive closes + weekly close above 920 will see sharp upside
rally till 980---1005+ mark in days to come
Downside panic seems limited and any sharp panic will be
buying opportunity in it
Fresh selling can initiate only close below 820 mark
Traders can trade with levels only
Cocudakl (Jan)
Mind blowing rally we have seen in recent days and made a
high of 1928
Now what to expect???
Hurdle at 1936. Three consecutive closes + weekly close
above 1936 will see further upside rally till 1980---2025+ mark in days to come
Else it could test its support level of 1890---1860 again.
Further downside panic will see only close below 1860 mark.
Traders can trade safely with levels only
Cotton (Dec)
Support at 16150 and Resistance at 16450
Weekly close below 16150 will see panic till 15800---15650
mark in days to come. More and more panic will see only close below 15650 mark
else it could test its resistance level of 16450 again
Further upside rally seen only close above 16450 mark
Trade with levels only.
More will be update soon!!
