Home / Knowledge / News / Textiles / CCI starts liquidating cotton stock
CCI starts liquidating cotton stock
Jan '15
The Cotton Corporation of India (CCI) has begun liquidating its stock with an initial offer of 5,100 cotton bales of 170 kg each in Telangana.
In view of the declining cotton prices and expected higher production, the CCI started procuring cotton at minimum support price (MSP) of Rs 4,050 per quintal from October 2014 onwards to protect farmers in key cotton growing states like Telangana, Andhra Pradesh and Maharashtra.
So far, the CCI has procured around 55 lakh bales at MSP during the ongoing marketing year (October-September), and now it plans to offload the entire stock via the auction process in Telangana, Gujarat, Maharashtra and other states.
On the first day of initial offer of 5,100 bales, about 1,100 bales were sold in Telangana at a sale price of about Rs 1,000-2,000 per bale higher than the market rate, a news agency reported.
This year, the CCI plans to procure around 100 lakh bales, beating its previous highest purchase record of 89 lakh bales in 2008-09 marketing year. 
India’s cotton production is estimated to cross 40 million bales in the current marketing year, compared to previous year’s production of 39.8 million bales, according to the Cotton Advisory Board. (RKS)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Textiles | On 24th Oct 2016

German technology to help in energy saving in textiles

German technology can play a major role making the environment...

Courtesy: Trupik

Apparel/Garments | On 24th Oct 2016

Virtual 3D fitting rooms revolutionising online shopping

Virtual fitting rooms meant to bridge the gap between e-commerce...

Interviews View All

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Studio Priyanka Rajiv

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

Giorgio Mantovani
Corman S.p.A

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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