Home / Knowledge / News / Textiles / MSCCGMFL expects bumper cotton this year in Maharashtra
MSCCGMFL expects bumper cotton this year in Maharashtra
06
Nov '15
Maharashtra State Cooperative Cotton Growers Marketing Federation Limited (MSCCGMFL), one of world's largest suppliers of cotton, expects the state to have produced bumper crop this year, as per media reports.

NP Hirani, chairman, MSCCGMFL, expects the yield to be over 350 lakh quintals this year as compared to 300 lakh quintals for the last season.

Private traders have already collected over 1.5 lakh quintals at rates ranging between Rs 4,150 to Rs 4,450 per quintal, which is higher than the minimum support price (MSP) of Rs 4,100 set by the Central government.

Hirani said that the cotton prices in the future will heavily rely on China's demand for Indian cotton. For the past few years China has been stock piling cotton; if the huge inventory gets exhausted this year, the prospects of exporting cotton at higher rates will open up for Indian cotton growers, he added.

He also expects the supplies to increase after 15 November, which is when the federation will start purchasing at its centres in order to prevent private traders from exploiting farmers and ensure that the prices do not fall below the MSP.

The MSCCGMFL will act as sub-agents of Cotton Corporation of India (CCI) this year and will open procurement centres first in all district headquarters. MSCCGMFL opened 88 centres in 2014. (HO)

Fibre2fashion News Desk - India


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Urmil Arya

Sushila International, a well established textile organisation established ...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search