The sowing of cotton in the state is less than last year, according to cotton seeds distributors, although seed prices have come down by about Rs 60 per packet (450 gm) to about Rs 740. The government had revised BT cotton seed prices in March this year.
Cotton season in Punjab is off to a sluggish start, with seed companies reporting low demand for BT cotton seeds, the variety that accounts for most of the cotton grown in the country. Seed companies say farmers are shifting to other crops, especially paddy and maize, in which they see higher returns. Accordingly, cotton acreage in the state this Kharif season is expected to drop by 15-20 percent despite an 8 percent discount in price of seeds this year. Experts said if sowing doesn’t pick up pace, it could affect the revival of cotton in Punjab, where acreage under the cash crop had jumped by about half in 2017-18.
“Demand for cotton seeds so far is 20-30% less than last year due to factors including delay in supply of canal water and higher income in paddy in the last season,” a Fazilka-based distributor of Rasi Seeds said.
Cotton, largely BT cotton, was grown over 122 lakh hectares in India in 2017-18. In recent years, pest infestation, high input costs and drop in earnings in cotton have hit farmers hard. "Use of spurious seeds and unscientific use of pesticides and insecticides are reasons for crop failures," said an executive of a cotton seed companyNSE 1.63 percent .
Abohar-based cotton trader Shri Jaspal Singh informed that some traders said farmers have moved away from cotton because of lower-than-expected earnings from the crop in the previous season. “Cotton price had increased to Rs 5,000-6,000 per quintal in the previous season, while they have remained below Rs 4,500 in 2017-18.”
