Home / Knowledge / News / Textiles / CCI buys 1.26mn quintal cotton this season
CCI buys 1.26mn quintal cotton this season
11
May '12
Cotton Corporation of India (CCI) has bought 1.26 million quintals of cotton in the ongoing cotton marketing season, Minister of State for Textiles Panabaaka Lakshmi informed the Parliament.

Giving state-wise details she said 265,000 quintals of cotton has been procured by the central agency from the state of Maharashtra at an average price of Rs. 4,075 per quintal, while around 660,000 quintals of cotton have been procured from Gujarat at an average price of Rs. 4,448 per quintal.

Also, 209,000 quintals of cotton has been procured from the state of Andhra Pradesh at an average price of Rs. 3,949 per quintal, she added.

In response to a question whether the CCI needs to procure a certain quantity of cotton from the state of Andhra Pradesh, she said neither the state nor the farming community has made such request to the CCI.

CCI also procured 126,000 quintals of cotton from other states at an average price of Rs. 4,185 per quintal during the current season, the Parliament was informed.

The central agency procures cotton from the country under market intervention scheme, implemented to save farmers from selling their crop out of distress, when there is bumper production and prices are likely to dip below the production cost.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Alessandro Zucchi; Courtesy: ACIMIT

Textiles | On 29th Jun 2017

Alessandro Zucchi succeeds Carabelli as ACIMIT president

The members’ assembly of the Association of Italian Machinery...

Courtesy: Raymond

Apparel/Garments | On 28th Jun 2017

Raymond plans to invest Rs 1,400 crore in Amravati plant

Raymond, Indian textiles and apparel major, has decided to invest Rs...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Giorgio Mantovani
Corman S.p.A

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

Kerem Durdag
Biovation II LLC

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

Mark Paterson
Technical Absorbents Ltd

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

Pranav Mishra
Huemn

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search