×
478
Fashion Jobs
URBAN AVENUES LLP
Immediate Joiner in Real Estate Sales Executive/ Sales Manager
Permanent · Noida
OPPO
Area Sales Manager _Asm up East
Permanent · Jhansi
OPPO
Area Sales Manager _Asm up East
Permanent · Jhansi
INDIA SHELTER FINANCE CORPORATION LIMITED
Area Branch Manager
Permanent · Chennai
JOB INDIA
Area Sales Manager- Operations (Garment Retails)
Permanent · Gurugram
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Merchandising Manager/Quality Manager - Garments Manufacturing Company
Permanent · Bhiwandi
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Officer Hrbp / Business HR For Garment/Textile/Apparel Industry
Permanent · Bengaluru
AAVAS FINANCIERS LIMITED
Area Sales Manager | Home Loan | Mumbai
Permanent · Bengaluru
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales - Rajahmundry
Permanent · Rajahmundry
ZYDUS WELLNESS
Zydus Wellness - Factory Manager - Sikkim Plant
Permanent · Atlanta
ANUSHÉ PIRANI
Social Media & Fashion Communications
Permanent · MUMBAI
HARSH CLEAN DHAN PVT. LTD
Area Sales Manager (Modern Trade Sales) For North East
Permanent · Guwahati
RANDSTAD INDIA PVT LTD
Area Sales Manager (Consumer Durable Industry)
Permanent · Mumbai
AVRO INDIA LIMITED
Area Sales Manager- Ludhiana, Amritsar/ mP-Indore, Bhopal
Permanent · Ludhiana
AVRO INDIA LIMITED
Area Sales Manager- Ludhiana, Amritsar/ mP-Indore, Bhopal
Permanent · Ludhiana
SOSYO HAJOORI BEVERAGES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
VIKRAM TEA PROCESSOR PVT LTD
Area Sales Manager
Permanent · Ahmedabad
HERITAGE FOODS INDIA
Area Sales Manager(Hyderabad & Vijayawada) @ Hfl
Permanent · Hyderabad
NASH INDUSTRIES (I) PVT. LTD.
Production Manager Position With Nash Industries-Pune
Permanent · Pune
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager
Permanent · Noida
VR INDUSTRIES PVT. LTD
Area Sales Manager
Permanent · Chennai
G.R. BATHLA & SONS
Marketing Executive/Area Sales Manager
Permanent · Ludhiana
By
Reuters
Published
Jan 16, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

India's state-run cotton buyer raises procurement to help farmers

By
Reuters
Published
Jan 16, 2020

India’s state-run cotton buyer is set to procure more than 5 million bales from farmers in 2019/20, the highest in five years, as local prices come under pressure due to surplus production, the head of Cotton Corporation of India (CCI) said.


India's state-run cotton buyer raises procurement to help farmers


Increased buying by the CCI could keep local raw cotton prices near government-set levels and help farmers, but could limit exports from the world’s biggest producer of the fibre and support global prices.

“Trade was not offering good prices to the farmers. So CCI has to step in and we are offering reasonable prices to the farmers,” P. Alli Rani, chairman of CCI told Reuters.

The CCI buys cotton from farmers whenever prices fall below the minimum buying price set by the government.

It has procured 3.8 million bales from farmers so far in the 2019/20 marketing year started on Oct. 1, compared to 1.08 million bales bought in all of last year, she said.

The CCI has been buying in the regions, where private players were not actively buying, said Rani.

However, some private players have been gradually raising purchases in the last few days due to an improvement in global prices and that could moderate CCI’s purchases, she said.

Cotton exports from India have gained momentum due to a depreciation of the rupee and as prices have rallied in overseas markets, prompting Asian buyers such as China, Bangladesh and Vietnam to raise Indian purchases, dealers said.

India’s cotton production in 2019/20 is likely to jump 13.6% from a year ago to 35.5 million bales due to a bigger cultivated area and a boost to yields from above-average monsoon rains, a leading trade body has forecast.

The country’s cotton consumption is pegged around 31.5 million bales.

The CCI has been selling procured cotton via auctions but has not been receiving a good response from local textile mills, said Rani.

“The prices quoted by CCI are very high. Mills are preferring to buy from private players instead,” said a textile mill owner based at Surat in western state of Gujarat.

© Thomson Reuters 2021 All rights reserved.