Login ID:
Password:
Partner Login
Contact Us : 7066511911

CCI Commences Cotton Procurement In Maharashtra, Karnataka and Telangana

15 Nov 2019 10:06 am
 Comments 0 Comments  |  Comments Post Comment  |  Font Size A A A 

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.


       
  Rate this story 1 out of 52 out of 53 out of 54 out of 55 out of 5 Rated
0.0

   Post comment
Comment :

Note : This forum is moderated. We reserve the right to not publish and/or edit the comment on the site, if the comment is offensive, contains inappropriate data or violates our editorial policy.
Name :  
Email :  
   

Top | Post Comment  

Latest Market Commentary
Balance Stock Of Oilseed Under PSS With NAFED As On 12 ...
Govt Revises Up Base Import Price Of Edible Oils
India Nov Edible oil Import down by 0.50% - SEA
BMD CPO Settles Sharply Lower On Demand Concerns
India's Nov Palm Oil Imports Fall To 17-Month Low
more
Top 5 News
Tur/Masoor Move Higher In Delhi
Cotton Prices Down In Lower Rajasthan On Sluggish Deman...
Burma Urad Remains Weak In Mumbai
Imported White Pea Gains In Kolkata
Sudan/Ethiopia/Russia Kabuli Chana Firm In Mumbai
Top 5 Special Reports
Weekly: Pulses Slips On Listless Demand In Dals, Liquid...
USD/INR (Dec. 19) Bearish Short-term Trend: Retestin...
USD/INR (Dec. 19) Retesting Major Support Near 71.00...
USD/INR (Dec. 19) Retesting Major Support Near 71.00...
USDA Revises Down 2019-20 Global Cotton Production Esti...
Copyright © CC Commodity Info Services LLP. All rights reserved.