Home / Knowledge / News / Textiles / Govt to slash cotton procurement
Govt to slash cotton procurement
Nov '15
The govt-run Cotton Corporation of India (CCI) which purchased 87 lakh bales in the 2014-15 marketing year, may procure only 20-25 lakh bales of cotton in the current marketing year as domestic prices are higher than the support price in many parts of the country, according to a media report.

The CCI has so far purchased 3,000-4,000 bales in Telangana and Andhra Pradesh and will procure cotton in Maharashtra, but in other states, the purchase would be negligible, CCI Chairman and MD BK Mishra said.

CCI plans to open over 300 centres across the country for cotton procurement. It has already opened 84 centres in Telangana and 25 centres in Andhra Pradesh.

Cotton procurement will be much lower this season because prices have not fallen below the MSP in most places, Mishra said.

The government has fixed the MSP at Rs 4,100 per quintal for long staple cotton and at Rs 3,800 per quintal for medium staple cotton for the 2015-16 marketing year.

Cotton prices currently at Rs 4,500 per quintal in Punjab, Rs 4,400 in Gujarat, over Rs 4,200 in Maharashtra. In Telangana, prices in most parts of the state are above Rs 4,200 per quintal.

According to the Cotton Advisory Board, India's cotton production is estimated to be lower by 15 lakh bales at Rs 365 lakh bales in 2015-16.

Meanwhile, Union Minister of State for Labour and Employment Bandaru Dattatreya has said that the Minimum Support Price of mandated crops for ext season will be declared by the Union Agriculture Ministry after thorough research and study done by Commission for Agricultural Costs and Prices.

Dattatreya said as part of price policy recommendations, the cost of production was one of the important factors in the determination of MSP of mandated crops.

The Commission also considers market related factors such as demand-supply balance, inter-crop price parity, trends in market prices— both domestic and international, terms of trade between agriculture and non-agriculture, effect on cost of living and industrial cost structure cost represents the supply side of production while deciding the MSP. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

(L-R) Mr Shao Bojin, Chairman of Jihua Group and Mr Rohit Aggarwal, President of Huntsman Textile

Textiles | On 28th Oct 2016

Huntsman gets into strategic partnership with Jihua Group

Huntsman Textile Effects, the leading provider of high quality dyes...

Marzoli FT6D roving frames in Sintex’s Unit 2. Coutresy: Marzoli

Textiles | On 28th Oct 2016

Marzoli roving frames erected at Sintex textile division

A total of 48 Marzoli roving frames were erected in units I, II and...

Courtesy: Polartec

Textiles | On 28th Oct 2016

Polartec innovates most breathable waterproof fabric

Polartec, the premium provider of innovative textile solutions, has...

Interviews View All

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search