Cotton Corporation of India (CCI) which is mandated to procure cotton at minimum support price will start selling cotton from 15 January 2015. According to M. M. Chockalingam, CCI director (marketing) told the Corporation had so far purchased 40 lakh bales. It plans to offload 10,000 bales every day and measures would be taken to ensure there was no fluctuation in prices.
The CCI purchased 70-80 per cent of arrivals In the southern States and 10-15 per cent in Gujarat and Maharashtra. Traders are active in these two States, and are purchasing cotton at more than the MSP. The total purchases by the Corporation this season (October, 2014, to September, 2015) at MSP is expected to go up to 100 lakh bales. The CCI was now present in 341 centres and purchasing cotton actively in about 150 centres.
According to reports, arrivals had picked up, and over two lakh bales of cotton were arriving to the market every day. Though there were no quality issues, export demand was almost nil and domestic mills were buying only limited stocks.
Sustainable fashion brand Virgio has partnered with Ola Electric to offer eco-friendly doorstep deliveries of its products during the festive…
Kingpins Hong Kong hosted its second annual pop-up event at the DX Design Hub, putting the spotlight on denim innovation…
The American Association of Textile Chemists & Colorists (AATCC) has signed a Memorandum of Understanding (MOU) with The Textile Association…
Under Armour, Hohenstein and PPT Group, has introduced a standardised method to measure microfibre release from textiles during simulated washing…
The RISE for Impact project is collaborating with farmers in the cotton supply chain to promote decent work by integrating…
Cosmo First has unveiled its new range of Paint Protection Films designed to protect vehicle exteriors with advanced features ensuring…