Home / Knowledge / News / Textiles / CCI to build cotton reserves of 2.5mn bales
CCI to build cotton reserves of 2.5mn bales
Apr '12
Ministry of Textiles is monitoring, on a daily basis, the arrivals of cotton and the price situation across major Mandis. Although, currently the cotton prices are stable, averaging around Rs. 4000 per quintal, are ways above the MSP prices fixed at 3100 per quintal, negating the need for MSP operations. However, in order to secure the raw material supply lines for the domestic requirements of the textile sector, commercial operations by CCI have become imperative.

Cotton Corporation of India (CCI) has been directed to intervene in the market for commercial operations to build up reserves of 25 lakh bales till the cotton arrivals in the new cotton season 2012-13. This has been necessitated by the fact that the textile industry impacted by a slowdown is unable to carry stocks beyond 15 days whereas the mandatory carryover stock requirement of 60 lakh bales at 85% efficiency. CCI is expected to purchase at the prevailing market price approximately 10 lakh bales per month for the next two months.

This considered decision has been taken to ensure price stability in the market as also availability of cotton for domestic user industry, keeping in mind the varied interests of stakeholders across the entire cotton value chain, ranging from farmers, ginners, millers and traders.

CCI purchased approx. 11,000 bales at Rs. 4400 per quintal from major mandis across Gujarat.

Ministry of Textiles

Must ReadView All

Textiles | On 25th Oct 2016

Arvind to dilute 10% stake in brand business arm

Arvind Limited, one of India’s largest integrated textile and apparel ...

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Interviews View All

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Larry L Kinn
Suominen Corporation

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

Giorgio Mantovani
Corman S.p.A

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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