SRINAGAR: In order to facilitate selling and buying of local silk cocoons Minister for Agriculture, Ghulam Nabi Lone Hanjura inaugurated Silk Cocoon Auction Market set up by Sericulture Department at Solina Srinagar on Tuesday.
According to an official press note, Hajura said that cocoon auction market has been set up for farmers to sell their cocoons at competitive rates to buyers both within and outside the state.
With cocoon growers receiving double the price for their produce this year in the auction market compared to last year, the agriculture minister expressed his happiness with the upshot saying that it was due to the sustained efforts of the concerned department that both silk cocoon production and its quality has improved.
Hanjura said, “Last year price of cocoon per kg was around Rs 750 to 800, whereas it has shot up to Rs1250 per kg this time.”
He also said that silk cocoon rearing is turning out to be a profitable and viable option for farmers as state government is extending assistance through various incentives, technological inputs and timely guidance in this regard.
The minister said, “Financial assistance is being provided to local silk reeling units through loans and other incentives which will be provided to benefit farmers and local unit holders as well.”
He also said government is working on different initiatives so that integrated silk industry flourishes in the state.
The minister also had an interactive session with cocoon growers and other people associated with the trade. He assured them that their genuine demands would be addressed on priority, the press note read.
He also visited the site of cold storage facility complex at Tulsibagh which is under construction. The cold store is being constructed at a cost of Rs 1.25 crores and it is expected to be completed by October this year.
During the visit to the auction market and cold storage site, the minister was also accompanied by director sericulture and other officers of the department.
Buyers from outside the state were satisfied with the quality of the Kashmiri cocoon and were seen shopping in bulk.
Cocoon producers from Pattan, Tangmarg, Bandipora, Sonawari, Budgam, Srinagar, Ganderbal, Kangan and other places had brought their cocoons for selling in the auction. Buyers from both the state and outside thronged the market, it further read.
Buyers from various parts of India including West Bengal, Assam, Karnataka and other states participated in this cocoon auction market, the press note added.