Home / Knowledge / News / Textiles / CCI procures 41 lakh bales of cotton; may start selling
CCI procures 41 lakh bales of cotton; may start selling
12
Jan '15
The Cotton Corporation of India (CCI) has already procured more than 41 lakh bales of cotton during the ongoing marketing season at the minimum support price, and it may soon start selling the same.
 
In view of the declining cotton prices and expected higher production, the CCI started procuring cotton at MSP from October 2014 to protect farmers in key states like Andhra Pradesh and Maharashtra.
 
In domestic market, cotton prices have been prevailing at below the MSP level of Rs 4,050 per quintal during the past few months. The decrease in demand for India’s cotton yarn in China this season has also contributed to the decline in cotton prices.
 
The CCI is now present in around 340 centres, and is actively purchasing cotton in about 150 centres. In southern states of Andhra Pradesh and Telangana, the CCI bought about 70-80 per cent of arrivals, while it procured about 10-15 per cent of arrivals in western states of Gujarat and Maharashtra.
 
Seeing the large quantity of cotton already procured, the CCI is expected to soon start selling cotton form its stocks.
 
In a recent report, the International Cotton Advisory Committee (ICAC) said, “India’s production is expected to remain stable at 6.8 million tons due to less favourable monsoons and despite an expansion in the cotton acreage by 5 per cent to 12.3 million hectares. However, its production will surpass China’s by over 300,000 tons, making it the largest cotton producer in 2014/15.”
 
According to the Cotton Association of India (CAI), cotton yields in India were abysmally low at 540 kilograms per hectare, far below the world average of 802 kilograms per hectare in 2013-14 season.
 
While having a third of the country’s cotton acreage, Maharashtra’s yield per hectare was a dismal 328 kilograms per hectare. Excluding Maharashtra, the all Indian cotton average yield stood at 645 kilograms per hectare. (RKS)
 

Fibre2fashion News Desk - India


Must ReadView All

Europe fights against microplastic release from textiles

Textiles | On 18th Jan 2018

Europe fights against microplastic release from textiles

The European Commission, the institution of the European Union, has...

Egypt starts building biggest textile city in Al-Sadat

Textiles | On 18th Jan 2018

Egypt starts building biggest textile city in Al-Sadat

Egypt has started construction of the biggest city for textiles and...

Vietnam targets $20 bn from export of footwear, bags

Apparel/Garments | On 18th Jan 2018

Vietnam targets $20 bn from export of footwear, bags

Vietnam targets to earn around $20 billion from the export of...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Steve Cole
Xerium Technologies

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Pranav Mishra
Huemn

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

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 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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