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Related Keywords: bales of cotton, cotton bale, cotton corporation of India, cotton storage, Ginners, MSP for cotton

P. Alli Rani, Chairman and Managing Director of CCI, told that the Cotton Corporation would need space in 500 to 600 warehouses. The Cotton Corporation purchased 3.6 lakh bales of cotton at MSP (minimum support price) during the current cotton season (October 2017 to September 2018). However, with the steep hike in MSP for cotton, the CCI might have to purchase huge quantities next season (October 2018 to November 2019).

Related Keywords: cotton corporation of India, cotton yarn price, garmenting, knitting, knitwear export sector, Textile Industry, Textile mills, weaving, yarn prices

The TEA President said he had already met Union Textiles Minister Smriti Irani over the issue, with a request to mandate that Cotton Corporation of India ensure availability of enough quantity with desired quality to protect the interests of farmers, the textile industry and also to generate employment.

Related Keywords: cotton corporation of India, Cotton productivity, cotton traders, fibre, Indian cotton, Price Stabilisation Fund, price volatility, Southern India Mills’ Association

The price volatility often eroded the working capital and profit margins of the industry, restricting the industry growth rate between 6 and 8 per cent againsr the potential growth rate of 12 to 16 per cent.P Nataraj, Chairman, SIMA said that, “Cotton productivity has stagnated at 500-550 kg per hectare against over 1,500 kg/hec achieved by over 20 countries. Australia for instance, has achieved productivity of 2,200 kg/hec.

Related Keywords: cotton corporation of India, cotton production, Cotton stock at the end of April 2018, cotton trade body, Ginners, Statistics Committee, Textile mills, total cotton supply

The country’s cotton consumption for the 7 months from October 2017 to April 2018 stood at 189 lakh bales with an average of 27 lakh bales per month. Exports are estimated at 61 lakh bales as on April-end.The Statistics Committee of CAI has projected total cotton supply up to April 30, 2018 at 347 lakh bales. This includes market arrivals of 311 lakh bales and imports estimated at 6 lakh bales, the CAI statement said.

Related Keywords: 11 lakh bales of cotton, cotton corporation of India, cotton season, e-auction system of the CCI for sale of cotton, present cotton scenario and cotton sales by the CCI, quality of cotton sold by the CCI, Textile mills, top five customer mills of the CCI

The mills learnt more about the e-auction system of the CCI for sale of cotton that it obtains.Around 200 mills in the State are registered with the CCI and 30 to 35 buy cotton regularly through e-auction.

The present cotton scenario and cotton sales by the CCI this season was discussed by the CCI officials and textile mills. Cotton Corporation of India (CCI) has purchased 11 lakh bales of cotton so far this cotton season (October to September) and sold four lakh bales.

Related Keywords: assessment, by 15 percent to 67 lakh bales, Cotton Advisory Board, cotton corporation of India, cotton export estimated to increase, crop production is estimated to increase, current 2017-18 marketing year, Minister of state for textiles, rise in the output of commodity, started in October

The current 2017-18 marketing year which started in October, due to the rise in the output of the commodity, Parliament was informed that the cotton export is estimated to increase by 15 percent to 67 lakh bales (of 170 kg each). This assessment was made by the Cotton Advisory Board.

The crop production is estimated to increase to 377 lakh bales during the 2017-18 period, from 345 lakh bales.

Minister of State for Textiles Ajay Tamta said in a written reply to the Lok Sabha that the shipments were aggregated at 58.21 lakh bales during 2016-17 marketing year,

Related Keywords: cotton corporation of India, cotton farmers, introduction to online payment mechanism, paid Rs. 556 crore for produce, sofeware introduced at collection center, Telangana Governmen, this season has made a mark

Telangana Governmen’s introduction to online payment mechanism for cotton farmers this season has made a mark. So far, the Cotton Corporation of India has paid Rs. 556 crore for the produce bought from farmers in the State.

The software introduced by the market department at the collection centres urged the farmers to register their names, providing their banking account details and personal identities.

Related Keywords: CCI, cotton arrivals beginning in full swing, cotton corporation of India, Cotton prices going down below MSP, in a couple of states, India Cotton Federation, kapas, Minimum Support Price (MSP) or market prices this season, prepared to procure some 100 lakh bales of cotton, purchase centres, raw cotton

The Cotton Corporation of India (CCI) is prepared to procure some 100 lakh bales of cotton either at Minimum Support Price (MSP) or market prices this season with the cotton arrivals beginning in full swing, according to CCI chief MM Chokalingam. So far this season CCI has already purchased some 62,000 bales of cotton at Minimum Support Price (MSP).

Related Keywords: average quality, CCI, Cotton Association of India, cotton corporation of India, cotton price of the fair, fall below minimum support levels, global cotton production to rise. MSP procurement operations, government agencies, ICAC, India looking at bumper cotton crop, prepared to enter the market, prices touch MSP, ruling above MSP

With India looking at a bumper cotton crop, and presently cotton price of the fair and average quality is ruling above MSP, the government agencies are all prepared to enter the market in case prices touch MSP or fall below minimum support levels, said SK Panigrahi, chief general manager, Cotton Corporation of India (CCI).

Related Keywords: Bhupalpally district, CCI, convenience of the farmers, cotton corporation of India, fair price for the produce, farmers need not go distant places, maintain moisture percentage, MSP, sell produce, set up three new cotton procurement centres, within prescribed levels

The Cotton Corporation of India (CCI) will be setting up three new cotton procurement centres at Mulugu, Kataram and Chityal in the Bhupalpally district for the convenience of the farmers. The farmers need not go distant places to sell their produce, said District Collector A Murali.

The collector also conducted a review meeting over the cotton procurement for the season 2017-18 with the officials of the marketing department, ginning mills owners and cotton traders at his office in Bhupalpally on Wednesday.