Home / Knowledge / News / Textiles / CCI actively procuring raw cotton from farmers: ICF
CCI actively procuring raw cotton from farmers: ICF
10
Dec '14
The Cotton Corporation of India (CCI) is actively procuring raw cotton from farmers at minimum support price (MSP) and it has procured approximately 13 lakh bales by November-end at various centres in Andhra Pradesh, Maharashtra and Gujarat, Indian Cotton Federation (ICF) has said.
 
The all India daily raw cotton arrival is currently around 2 lakh bales and CCI is going to procure Rs 12,000 crore worth raw cotton at MSP to help the cotton trade.
 
In the north Indian states of Punjab, Haryana and Rajasthan, cotton arrival is picking up quickly due to clear and fine weather, ICF said. As on November 30, 2014, the price of J-34 r/g in Punjab was Rs 3,410 per maund spot, while in Haryana it was Rs 3,305 per maund spot and in Rajasthan it was quoted at Rs 3,320 per maund spot. In this region cotton prices are ruling steady and all textile mills have started procuring cotton actively as per their requirement.
 
In the western Indian state of Gujarat, daily cotton arrival has picked up to approximately 50,000 bales. “Prices seem to be stable at Rs 33,200 spot as most of the mills have started procuring cotton actively at current prices. V-797 r/g was priced at Rs 26,000 spot per candy,” the ICF report said.
 
In Maharashtra, daily cotton arrival is picking up quickly and the CCI has turned out to be a major buyer in parts of the state. The CCI is procuring cotton directly at 40 centres in the state and at nearly 27 centres through the Maharashtra Federation at MSP rates. The price of good Bunny cotton of 29 mm was Rs 33,500 spot in last week of November.
 
In the central Indian state of Madhya Pradesh, cotton arrival is good in terms of both quantity and quality and the price quoted for good 29 mm Bunny was Rs 34,000 spot in last week of November.
 
In the southern state of Karnataka, good quality Bunny cotton has started arriving in reasonably good quantities in most of the cotton centres and ginners too are actively procuring cotton at above MSP rates as cotton seed market has improved slightly. “New Dch-32 cotton is expected to arrive shortly in centres like Kirvatti, Halliyal and Kalaghatgi and quality is expected to be very good,” predicts ICF. Good quality 35 mm Bailhongal Dch-32 was priced at Rs 47,000 spot, while 34 mm Mysore Dch-32 was priced at Rs 45,000 spot, as on November 30 in the state. Likewise, the price of good Bunny cotton of 29 mm was quoted at Rs 34,000 spot, while 30 mm good quality Bunny was priced at Rs 34,500 spot per candy.
 

Must ReadView All

Apparel/Garments | On 18th Feb 2017

Bangladesh apparel sector has 95% local investors: BGMEA

Over 95 per cent of the total investors in the Bangladesh apparel...

Textiles | On 18th Feb 2017

Smriti Irani resolves cutting of carpets issue at ports

During a meeting held with stake holders of the carpet weaving...

Apparel/Garments | On 18th Feb 2017

Andhra Pradesh inks MoUs to set up 12 apparel units

At the recent CII Partnership Summit held in Hyderabad, memorandum of ...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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...

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
February 2017

February 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