Haryana Coop Body To Export Cotton To Hong Kong

The Haryana State Cooperative Supply and Marketing Federation Ltd (HAFED) will export 5,000 bales of cotton to Hong Kong, Haryana food minister Ganeshi Lal said.

HAFED has also signed a joint venture agreement with NAFED to make its commercial operations more effective. The joint venture with NAFED, according to the state food minister, is on a 50:50 basis.

HAFED purchases raw cotton and sells it after ginning. Part of the cotton purchases are made for consumption by HAFED spinning mill at Hansi and the balance is either sold or exported.

In the current year, HAFED purchased 17,600 bales against last years 14,100 bales.

 

HAFED is engaged in procurement, processing and marketing of agricultural produce - wheat, paddy, gram, cotton, barley and oil seeds.

The organisation provides inputs like fertilisers and pesticides to the farmers through its net-work of cooperative marketing societies. HAFED has 26 production centres all over Haryana.