Special Note : All Members can check raw cotton MSP prices through crop rate calculator, lint MSP rate through lint rate calculator and Yarn MSP through Yarn MSP calculator provided above links on your home page by proper log in to your account.
Indian cotton Ginners will get maximum possible advantage with our concept in various ways:
1] Ginner will get dual advantage as they can go with either farmer concept or Ginners concept or a mix of both concepts. They will realise the Ginning charges or lint Bales amount with 15 days from crop adding date without holding the bales even a day extra in their ginning mills.
2] Ginners can buy the crop [kappas] directly from farmers through our online system with the help of our Mobile cotton lab team, who can register the farmer details and test the crop and entered the details of quantity in quintals, quality, LYP% and Mositure in our system, once it was entered in our system our sytem will send auto sms alert to all concerned ginners, so that they can buy online with bank Guranty or letter of credit, once material reaches to ginning mills they have to make the payment to admin, admin will make paymnet to farmers. Here service charges will be collected @50 paise per kg from farmers.This service is available only for AP and Telangana this year it may be extended to all places from next year onwards.
3] Ginner can do farmer concept Ginning through our mobile cotton lab services of " Kappas Kuality Kendras [KKK]" roaming in all Rural parts of cotton belt where it was tested, lint yield %, 2.5% span length, micronaire, strength of fibre for farmers, beased on that farmers will know how much rate he will get for his crop, so if any ginners are not interested to buy kappas at that rate Indian cotton solutions.com will make ginning on behalf of farmers and sell to Spinners directly.[ this service will be avialble at present in AP and telangana only slowly will start other parts of India too]
4] Ginner can utilize our LBAK option [Lint bales against Kappas] here group of farmers will bring around 500 quinatls kappas to your mill and as per lint% , seed % and seed rate you can settele the same and handover the lint bales which is equilant to farmers kappas price, if any thing balance amount Ginner have to pay admin and admin will pay to farmer, so that farmers can avail commodity[pledge] loan if market not favors, otherwise they can sell the bales directly to Spinners through ICS.com, here ginners has to handover his ready bales which is equilant quality of kappas.with thi ssytem both farmers and Ginners will get mutual benifit.
5] Ginners can exchange his ready bales to farmer as per above Kappas quality reports of Indian cotton solutions.com and estimated quantity of lint by taking kappas from farmer on the same day.then Indian cotton solutiosn.com will sell the bales on behalf of farmer and realise their amount with in 15 th day or even in cash terms too.
6] Ginner will get continuation work for longer period.
7] Ginner does not require any working capital but should provide "Bank Guarantee" so that they can save maximum amount as working capital interest.
8] Ginner will get full freedom for selection of quality and can reject if any inferior quality is found.
9] Ginner is solely responsible for quality of lint bales and timely production along with delivery.
10] Ginner can use this online platform in both ways either for this concept or he can sell his own production through our online Trade Terminals without any extra margin of money. Same Bank Guarantee will be taken care of. ICS’s concept with 80% crop supply always and 100% of ginner own production can be tradable in our online Trade Terminals.
11] Ginner can do spinning conversion in any of our members with our Yarn MSP calcultor calculations, so those Ginners interested in spinning conversion on short term or long term can be entertained through us with various interested spinning units by supplying cotton and taking the yarn as per quality of yarn Ginner can pay the conversion charges to Spinners.
Details of how this service works:
General Trading: [Others]
General trading will be allowed by having ginners view for trade of their own production bales with our ICS customers to fulfil their complete raw material needs. General trading means trading for others [other than farmers].
Here there are 3 types of sales:
1] MSP sales from 30 to 180 days’ sale with differed payment terms.
This MSP trading will happen in Trade Terminal No:3 for Ginners and Trade Terminal No:5 for Traders from Monday to Saturday. We are allowing MSP sales by ginners and traders where they will offer their bales and seed rate for different payment systems exactly like farmer MSP operations. Rates will be fixed by admin and those who are interested can offer their stocks and can trade here. Ginners are to be registered in Ginner’s category. Once they register they are allotted their unique registration number. ICS.com will not process this stock. Quality is fully responsible by ginners and security deposit by ginners will be released only after getting clearance from buyer about quality satisfaction. It is purely demand and supply trading here. Ginners will be allowed to trade their stocks only in MSP operations from Monday to Saturday. There won’t be any farmer stock offered in this trade terminal. Both ginners and traders to utilise our facility for their product sales with reasonable prices against differed payment terms of every 15th day with equal instalment from 30 to 180 days with our buyers. Trading time will be from 10.30 am to 16.30 pm daily except for Sunday.
2] Normal Sales [ Trade terminal No:4 (for ginners) and No:6 (for traders)-
Sellers will have to submit their bids online for lint bales in ₹/candy and for seed in ₹/quintal [Seed rate is fixed by admin by using the system converter of crop rate in ₹ to lint bales in ₹/candy and by using Lint yield percentage [LYP %] along with seed rate]. Farmer should know the market trend of cotton bales and submit his bid online which will be displayed in Trade Terminal no:4 and all buyers who are interested and participated in FOS will confirm the deal online. SMS will be generated for confirmation of trading with Tarde transaction number, Pay-out amount and Dates. Seller option sale will be conducted on Monday, Wednesday and Friday of the week. On festival holidays and National holidays there won’t be any trading. Payment should be released within 48 hours. If any finance arranged by admin, it will be adjusted and the balance amount will be payed to Sellers through bank transaction either by NEFT or RTGS. In this transaction, seller will receive his/her payment on 3rd day after trade. This option will be more useful to those Sellers who sell their products on full demand when market is in upward trend or it will be useful to those ginners who are having best quality and special quality cotton bales. One can sell at the best price with this option. Always sellers should have the cotton’s HVI quality report which is more useful to sell the cotton bales. Entire market risk is ginner’s responsibility. ICS is not responsible for any market ups and downs.
Buyers will have to submit their bids online for lint bales in ₹/candy and for seed in ₹/quintal [Seed rate is fixed by admin by using the system converter of crop rate in ₹ to lint bales in ₹/candy and by using Lint yield percentage [LYP %] along with seed rate]. Buyer should know the market trend of cotton bales and submit his bid online which will be displayed in Trade Terminal no:4 and all Sellers who are interested and participated in BOS will confirm the deal online. SMS will be generated for confirmation of trading with Tarde transaction number, Pay-out amount and Dates. Buyers option sale will be conducted on Tuesday, Thursday and Saturday of the week. On festival holidays and National holidays there won’t be any trading. Payment should be released within 48 hours by buyers either by NEFT or RTGS. In this transaction, seller will receive his/her payment on 5th day after trade. This option will be more useful to those Buyers who can buy their raw material on full demand when market is in downward trend or it will be useful to those Buyers who are buying regular cotton bales as per his financial planning. One can buy at their best price with this option. Buyers have the Readymade cotton’s HVI quality report which is more useful to buy the cotton bales online. Entire market risk is buyer’s responsibility. ICS is not responsible for any market ups and downs.