Related Keywords: actual users, CCI to offload cotton, considering financial crisis, due to fall in cotton prices, faced by spinning mills, procured under MSP operations, running short of quality cotton, sell cotton by e-auction, South Indian region, Textile mills, to safeguard interest of farmers, with liberal credit norms
As the textile mills of the South Indian region are running short of quality cotton, the textile industry has requested the textile minister to direct Cotton Corporation of India (CCI) to offload cotton in the market who in order to safeguard the interest of the farmers had procured 86 lakh bales of cotton under minimum support price (MSP) operations.
Due to fall in cotton prices, CCI procured bales of cotton mainly from Andhra Pradesh and Telengana but it has only offloaded 3 lakh bales of cotton and is holding the balance of 83 lakh bales, the south Indian textile industry claimed.
