
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 with payments made to their accounts.
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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 with payments made to their accounts.
The Tiruppur Exporters’ Association (TEA) has urged the textile mills to not to increase the cotton yarn prices and also not to stop cotton yarn supply.
Higher price volatility resulted in state-owned Cotton Corporation of India (CCI) recording an eight-fold rise in fibre procurement in fiscal 2017-18.
Textile associations in India have welcomed the raised allocation for the sector in this year’s budget, saying it will help firms in many ways, including clearing pending rebate of state levies (RoSL) dues.
India’s cotton production is experiencing challenges from the pink bollworm pest, as well as fluctuating prices and low quality pesticides. Farmers are hoping for a solution before India’s cotton production loses out.
Rise in output is expected to raise India’s cotton export by 15 per cent to 67 lakh bales (of 170 kg each) in the 2017-18 marketing year, beginning October over the previous year’s figure of 58.
India’s cotton output in the 2017-18 season is likely to increase by 9 per cent to 377 lakh bales (of 170 kg each) despite lower production in Maharashtra and Madhya Pradesh.
Following a series of scandals that hit cotton purchases during 2014-15, a gamut of reforms, including online trading in cotton, has been introduced by the Andhra Pradesh government.
The Andhra Pradesh agriculture department officials are expecting 4.66 lakh tonnes of cotton out of 1.82 lakh hectares of farm land in Guntur district, according to civil supplies minister P Pulla Rao.
The Indian Cotton Federation (ICF) in order to bring price stability has requested the Prime Minister Narendra Modi to direct Cotton Corporation of India to procure 100 lakh bales in the current financial year.