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CCI to purchase entire cotton crop from Telangana at MSP
05 Nov '20
1 min read
Pic: Shutterstock
Cotton Corporation of India (CCI) chairman and managing director Pradeep Kumar Agarwal recently assured Telangana agriculture minister Singireddy Niranjan Reddy that the corporation would purchase all cotton produced in the state at the minimum support price (MSP) of ₹5,825 per quintal. Reddy, who is on a four-day official tour of Maharashtra, called on Agarwal.
Reddy also urged the CCI to raise the permitted moisture content in cotton considering the recent heavy rains in the state, according to media reports from the state. At present, CCI allows only 12 per cent humidity in cotton fibre.
While CCI has procured and stored 49.56 lakh bales of cotton from Telangana during 2019-20, it has only lifted 9.28 lakh bales so far. Reddy requested CCI to immediately lift the old stock so that the current year’s produce can be stored.
He also requested Agarwal to cooperate with state chief minister K Chandrashekhar Rao in setting up a cotton research centre in Adilabad.
Reddy also urged the CCI to raise the permitted moisture content in cotton considering the recent heavy rains in the state, according to media reports from the state. At present, CCI allows only 12 per cent humidity in cotton fibre.
While CCI has procured and stored 49.56 lakh bales of cotton from Telangana during 2019-20, it has only lifted 9.28 lakh bales so far. Reddy requested CCI to immediately lift the old stock so that the current year’s produce can be stored.
He also requested Agarwal to cooperate with state chief minister K Chandrashekhar Rao in setting up a cotton research centre in Adilabad.
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