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CCI Commences Cotton Procurement In Maharashtra, Karnataka and Telangana

15 Nov 2019 10:06 am
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MUMBAI (Commoditiescontrol) - The Cotton Corporation of India (CCI) has begun procurement of the fibre in Maharashtra at minimum support price (MSP), as per a report quoting top officials of the corporation.

The Corporation is expected to begin procurement from Jalgaon region in the state from November 20. CCI has so far begun procurement in Punjab, Rajasthan, Haryana and Gujarat, and now in Maharashtra, Telangana and Karnataka.

Procurement in Odisha and Andhra Pradesh is yet to commence since Odisha is a late crop state and Andhra Pradesh is close to Tamil Nadu a major consumption centre, CCI chairman and managing director P Alli Rani said.

The procurement in Maharashtra is being done through the Maharashtra State Cotton Growers Federation, a sub-agent of CCI. The Federation has established cotton purchase centres at Dharangaon, Parola, Amalner, Yaval, Dhule and Malegaon in Nashik. CCI is setting up purchase centres at Jalgaon, Erandol, Pachora, Jamner, Chopda, Bhusaval, Shahda and Nandurbar. These centres are expected to be opened in phases since the moisture content is currently high. Farmers are to get Rs. 5,450-Rs. 5,500 per quintal while market prices are much lower at Rs. 5,100 per quintal for better quality cotton. The MSP of cotton for the 2019-20 season is Rs. 5,550 per quintal, against Rs. 5,450 per quintal in the previous year.

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