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Cotton prices below MSP trigger record acquisition from CCI

08 Feb '24
116 min read
Pic: Adobe Stock
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.

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