Domestic textile producers have expressed reservations at the government's probable move to raise the minimum support price (MSP) of cotton by 40 per cent. They opined that the move would be undersirable, given the historically high prices of cotton now, and would further push on the costs. The government had fixed the MSP for medium staple cotton at Rs. 1,990 a quintal and long staple cotton Rs. 2,030 a quintal for the cotton year 2007-08. The government is planning to revise the MSP to Rs. 2,500 a quintal and Rs. 3,000 a quintal respectively for the cotton year 2008-09.
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