Cotton prices below MSP trigger record acquisition from CCI
08 Feb '24
116 min read
Pic: Adobe Stock
Insights
Amidst falling cotton prices below the government-set MSP, CCI procures historic quantities from Indore, Madhya Pradesh, supporting farmers.
Global market uncertainties drive the intervention, aiming to stabilise prices.
Despite challenges, signs of improving consumer confidence offer hope for the cotton sector's recovery, with emphasis on diversification.
Amidst falling cotton prices below the government-set MSP, CCI procures historic quantities from Indore, Madhya Pradesh, supporting farmers.
Global market uncertainties drive the intervention, aiming to stabilise prices.
Despite challenges, signs of improving consumer confidence offer hope for the cotton sector's recovery, with emphasis on diversification.
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