Home / Knowledge / News / Textiles / India's CCI to directly buy cotton from Rajasthan farmers

India's CCI to directly buy cotton from Rajasthan farmers

18
Aug '18
Cotton will be procured directly from farmers in Rajasthan by the Cotton Corporation of India (CCI) at the minimum support price (MSP) in the next cotton season and payments made to their accounts. Rajasthan is the first cotton-growing state in north India to make direct transaction mandatory for procurement at MSP. The new cotton season starts in October.

Earlier, much of the cotton purchased by the CCI came through middlemen or aggregators in Punjab, Haryana and Rajasthan, with farmers not getting the government-set MSP.

Over 12,000 farmers have been registered in Shree Ganganagar district and process is under way in the Hanumangarh and Bhilwara districts, a top Indian daily quoted an unnamed CCI official as saying.
The Indian Government had recently raised the MSP on medium-staple fibre cotton by 28 per cent to ₹5,150 per quintal and long-staple by 26 per cent to ₹5,450.

Traders expect that the hike would help firm up prices in India compared to the last season, when those were lower compared with the global market. The CCI has started arrangements for ginning and storage of cotton for the ensuing harvesting season.

CCI estimates cotton availability for the 2017-18 season will be 416 lakh bales of 170 kg each. This includes an opening stock of 36 lakh bales. (DS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: UBC

Apparel/Garments | On 25th May 2020

Canadian researchers develop biodegradable medical mask

Researchers in the BioProducts Institute at the University of British ...

Pic: Shutterstock

Apparel/Garments | On 25th May 2020

Sri Lanka’s BOI to set up garment park in Eravur

Sri Lanka’s Board of Investment (BOI) will set up a garment park in...

Pic: Shutterstock

Retail | On 25th May 2020

Reitmans seeks bankruptcy protection in Canada

Reitmans (Canada) Ltd. recently filed for bankruptcy protection after ...

Interviews View All

Top executives, Retailers

Top executives
Retailers

Weak rupee breeds inflation

Krishnanand Tripathi, Textrade International Ltd

Krishnanand Tripathi
Textrade International Ltd

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

Stefan Warnaar, Peak to Plateau

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Zillur Rehman,

Zillur Rehman

Cornerstone Systems offers consultancy to businesses for enhancing their...

Ravindra Jain, Ashish Baid,

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Eric Schoeller,

Eric Schoeller

Groz-Beckert is the world's leading provider of industrial machine...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Justin Gutierrez, INDA

Justin Gutierrez
INDA

The Association of the Nonwoven Fabrics Industry (INDA) has created a new...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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

Leave your Comments


May 2020

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


Advanced Search