Home / Knowledge / News / Textiles / CCI plans to operate 343 procurement centres this season
CCI plans to operate 343 procurement centres this season
05
Dec '14
The Cotton Corporation of India (CCI) has planned to operate 343 procurement centres in 92 districts spread across 11 cotton growing states in the country, during the ongoing cotton season that began on October 1, 2014, Minister of State of Textiles (Independent Charge) Santosh Kumar Gangwar said in a written reply in Parliament.
 
The minister said the CCI has been advised to open additional cotton procurement centres in consultation with the state governments, as and when required as envisaged under the minimum support price (MSP) operation announced by the Government.
 
Among the procurement centres planned by the CCI, 66 centres are planned to be operated in 17 districts of Maharashtra, 60 centres in 19 districts of Gujarat, and 81 centres in 9 districts of Telangana.
 
CCI will operate 19 centres in 7 districts of Madhya Pradesh, 27 centres in 8 districts of Punjab, 15 centres in 4 districts of Haryana, 26 centres in 9 districts of Rajasthan, 27 centres in 6 districts of Andhra Pradesh, 15 centres in 9 districts of Karnataka, 6 centres in 3 districts of Orissa, and 1 centre in West Bengal.
 
By the end of November, 2014, CCI has procured approximately 11,58,000 bales of cotton valuing around Rs 2,700 crore for market stabilisation and thereby alleviating farmers’ distress, Gangwar said.
 
During the current cotton season 2014-15, prices of cotton are currently ruling at below MSP in major cotton growing states. The prices of cotton in domestic market depend on a number of factors, including previous balance, current supply, current as well as future demand for cotton in both domestic and international markets.
 
At present, cotton prices in international markets are ruling lower than the prices that prevailed during the corresponding period last year, primarily due to lower demand by China and increased supply from the US.
 
According to the Ministry of Agriculture, cotton has been planted on 12.6 million hectares this season, which is 7.7 per cent higher than the 11.7 million hectares planted in previous season. As a result, cotton output is likely to remain above 400 lakh bales (of 170 kg each) in the ongoing season. (RKS)
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kerem Durdag
Biovation II LLC

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search