Spinning mills in India seek govt intervention for sale of cotton by CCI at market price

The Southern India Mills’ Association (SIMA), a spinning mills body has asked the Union government to direct the Cotton Corporation of India (CCI) not to hoard the commodity and sell it at market price on a regular basis, reports Financial Express. “China, the largest consumer of cotton, has depleted its cotton reserves significantly in the […]

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High production, decline in exports may affect cotton prices: Ind-Ra


High cotton production due to greater-than-average rainfall in the country and increased sowing by farmers may adversely impact prices. As per Cotton Corporation of India (CCI) estimates, cotton production is likely to increase 13.6 per cent to 35.5 million bales (170kg) for the October 2019-to-September 2020 season. Area under cotton cultivation has increased by 6 […]

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