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Related Keywords: Bhupalpally district, CCI, convenience of the farmers, cotton corporation of India, fair price for the produce, farmers need not go distant places, maintain moisture percentage, MSP, sell produce, set up three new cotton procurement centres, within prescribed levels

The Cotton Corporation of India (CCI) will be setting up three new cotton procurement centres at Mulugu, Kataram and Chityal in the Bhupalpally district for the convenience of the farmers. The farmers need not go distant places to sell their produce, said District Collector A Murali.

The collector also conducted a review meeting over the cotton procurement for the season 2017-18 with the officials of the marketing department, ginning mills owners and cotton traders at his office in Bhupalpally on Wednesday.

Related Keywords: CCI, commercial rates, cotton corporation of India, cotton prices moved up, different parts of key cotton growing regions, farmers beginning to get better rates from traders, improving market sentiment, long staple fiber, medium staple length, MSP, resorting to purchase cotton

With the Cotton Corporation of India (CCI) resorting to purchase cotton at commercial rates from different parts of key cotton growing regions in the country, cotton prices have moved up and also improving the market sentiment. Prices have firmed up to R41,500 per candy from the prevailing rates of R38,000 and farmers are now beginning to get better rates from traders, according to top officials of CCI.

Related Keywords: CCI, cotton prices spiked, cotton trades firm, customers in the textiles industry, ensure supplies, impact of currency crunch, lower arrivals, market rates, MSP, resorted to commercial purchase of cotton, state run Cotton Corporation of India, surpassing globle prices, under the Ministry of Textiles, various parts of the country

The state run Cotton Corporation of India (CCI) a premier organization under the Ministry of Textiles has resorted to commercial purchase of cotton at market rates from various parts of the country to ensure supplies for its customers in the textiles industry.

Related Keywords: apparel and garment units in north eastern states, CCI, cotton grower, development of infrastructure, generated employment, handloom brand, handloom sector, MSP, sanctioned twenty four textile parks, Santosh Gangwar, SITP scheme, skilled workforce, Textile Industry, textile ministry performance, textile projects, TUFS, Union Textile Minister

Union Textiles Minister Santosh Gangwar on Friday at a press conference talking about the Textile Ministry’s performance in the past two years said that under the scheme for integrated textile parks (SITP) implemented to stimulate development of infrastructure, 24 new textile parks have been sanctioned in the last two years, facilitating investment of Rs 4,500 crore and generating employment for 66,000 people.

Related Keywords: CCI, drop in production, higher demand from Bangladesh, Higher exports will cap global prices, Indian cotton, MSP, offset poor demand from China, Pakistan and Vietnam, pilot project for Maharashtra farmers, raise domestic prices, Textile Commissioner Kavita Gupta

Textile Commissioner Kavita Gupta after a meeting of the state-run Cotton Advisory Board on Tuesday said that they are expecting higher demand from Bangladesh, Pakistan and Vietnam. This will offset poor demand from China.

India, the world's biggest cotton producer, is likely to export 6.8 million bales in the 2015/16 season, up 18 percent from a year ago as demand from Asia is expected to improve, a senior government official said.

Higher exports will cap global prices, but raise domestic prices and help bring down government purchases at the support price.

Related Keywords: cotton corporation of India, cotton price, direction of Union textile minister, farmers started bringing, first lot of cotton harvest, long staple cotton, market in hands of private traders, medium staple cotton, MSP, reluctant to start procurement process, to mandis

The Cotton Corporation of India (CCI) has shown reluctance to start procurement process of the season despite directions from Union textile minister for state Santosh Kumar Gangwar on October 1, leaving the market in the hands of private traders as the farmers have started bringing the first lot of cotton harvest to the mandis.

Even Punjab chief minister Parkash Singh Badal had met Gangwar on October 11, appealing him to direct the CCI to start procurement of cotton crop which had come under whitefly attack.

Related Keywords: China top buyer of cotton from India, Cotton Association of India, cotton corporation of India, cutting in imports, depressing prices, export demand subdued, from farmers, India force to make large scale cotton purchase, MSP, prevent dumping in overseas market, production set to drop

China top buyer of cotton from India cutting in imports depressing prices, India will be forced to make large-scale government cotton purchases from farmers for a second straight year. In the marketing year that ended on Sept.30, India spent 160 billion Indian rupees ($2.5 billion) to buy 8.7 million bales of cotton at a government-set minimum support price (MSP), against just 400,000 bales in the previous year.

Related Keywords: aid imports of cotton, cotton bales, cotton corporation of India, cotton output, cotton prices, cotton procurement centres, equitable distribution of cotton, farmers from Telangana, MSP, Santosh Kumar Gangwar, Union Textiles Minister

There is an expected slump in cotton output by 5-10 lakh bales likely this year and an expected rise of cotton prices as some farmers from Telangana have demanded an MSP of Rs 5,000 per quintal.

Earlier, during his meeting with farmers, Union Textiles Minister Santosh Kumar Gangwar had said the minimum support price (MSP) for cotton has been fixed at Rs 3,936-4,100 per quintal, depending on the moisture content.

But his ministry is in constant touch with the Finance Ministry for revising the price upwards.

Related Keywords: competitive rate, cotton corporation of India, cotton crisis, cotton stock, FICCI, MSP, procurement of cotton, textile minister Santosh Gangwar

Dr. A Didar Singh, Secretary General of the apex industry body Federation of Indian Chambers of Commerce and Industry (FICCI) wrote a letter to Textiles Minister Santosh Gangwar regarding the procurement of cotton by Cotton Corporation of India (CCI) and the persisting cotton crisis.

Related Keywords: Cotton Advisory Board, cotton corporation of India, cotton export, cotton growing states, Cotton production estimate, due to unseasonal rains, hail storms, MSP, revised for current marketing year, Santosh Gangwar, Textile Minister, TUFS

The government has revised its cotton production estimate for the current marketing year due to unseasonal rains and hail storms across the county from 40 million bales to 39 million bales. Cotton crop prospects adversely impacted particularly in the central zone, textile minister Santosh Kumar Gangwar said in a written reply to the Lok Sabha. One bale equals 170 kg.

The main cotton growing states include Rajasthan, Telengana, Andhra Pradesh, and Tamil Nadu. Total demand is estimated to be at 39 million bales in 2014-15, compared to 41.68 million bales in the previous season.