Related Keywords: bales of cotton, cotton bale, cotton corporation of India, cotton storage, Ginners, MSP for cotton
P. Alli Rani, Chairman and Managing Director of CCI, told that the Cotton Corporation would need space in 500 to 600 warehouses. The Cotton Corporation purchased 3.6 lakh bales of cotton at MSP (minimum support price) during the current cotton season (October 2017 to September 2018). However, with the steep hike in MSP for cotton, the CCI might have to purchase huge quantities next season (October 2018 to November 2019).
