CCI actively procuring raw cotton from farmers: ICF

In Andhra Pradesh, CCI is a major buyer of cotton and most of the ginning factories are working on lease to CCI as ginners are unable to get parity at current MSP rates of cotton because the CCI is selling cotton seeds at low rates to get liquidity to procure more cotton from farmers. Good quality cotton of 29 mm from Adilabad was priced at Rs 33,800 spot, while in Warangal 30 mm cotton was sold at Rs 34,000 spot and in Guntur 31 mm cotton was priced at Rs 34,500 spot per candy, as on November 30. ICF predicts that cotton crop could be less than earlier expectations in Telangana belt.

 

The Cotton Corporation of India (CCI) is actively procuring raw cotton from farmers at minimum support price (MSP) and it has procured approximately #

Textile mills in Tamil Nadu have started to actively buy cotton, and yarn movement has also improved. “Many Mills fear the quality will deteriorate abruptly after the end of January and are eager to secure good quality cotton,” according to the ICF. (RKS)

 

The Cotton Corporation of India (CCI) is actively procuring raw cotton from farmers at minimum support price (MSP) and it has procured approximately #