The Cabinet Committee on Economic Affairs, chaired by the Prime Minister has increased minimum support price (MSP) for cotton for the 2015-16 season by £50 per quintal. For medium staple cotton, the MSP has been hiked to £3,800 per quintal in 2015-16 from £3,750 per quintal in the previous season. In case of long staple cotton, the MSP has been raised to £4,100 per quintal in the current season from £4,050 per quintal in the 2014-15 season, also up £50 per quintal. According to a PIB statement, the decision is based on recommendations of Commission for Agricultural Costs and Prices (CACP) for the price policy for kharif crops for the marketing season 2015-16. When compared with the 2006-2007 season, the MSP of both varieties has progressively been raised in the Intervening years and has more than doubled in the 2015-16 season. In 2006-2007, the MSP of medium staple cotton stood at £1,770 per quintal and that of long staple at £1,990 per quintal. Between 2008-2009 and 2010-2011. the government did not raise the MSP of both the varieties and stood at £2,500 per quintal for medium staple and £3,000 per quintal for all the three seasons.
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