Related Keywords: CCI to open procurement centres, cotton corporation of India, domestic cotton prices higher, higher in north, mainly in cotton belt, minimum support price low in many part of India, surplus stocks and weak export demand, whitefly pest attack
The domestic cotton prices are higher than the minimum support price (MSP) in many parts of the country, which means Cotton Corporation of India (CCI) will have to buy cotton at higher prices this year.
The prices are lower in some states due to 35 lakh bales of surplus stocks and weak export demand. However prices are higher in north because of whitefly pest attack. Currently, the prices are the highest in Punjab at Rs 4,500 a quintal, while it is Rs 4,400 in Gujarat and Rs 4,200 in Maharashtra and Telangana.
