“The farmers have reduced the cotton acreage due to delayed monsoon. The government has increased the minimum support price for the current Kharif season by 2 per cent. Meanwhile, the MSP of groundnut and soyabean has been increased by 5 to 9 per cent. The change in MSP as led the farmers to perceive that they shall be able to get high rate of return from crops like soyabean. However, in the long term the price of cotton on MCX can go up to Rs 24,500,”