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

georgia-cotton-6-b1.jpg

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 […]

Read more

Competition Commission of India fines sugar firms and their industry bodies over ethanol tender

The Competition Commission of India (CCI) has imposed a fine of Rs 38 crore on sugar companies and their associations for alleged rigging of the ethanol tender in 2013. The industry body Indian Sugar Manufacturers’ Association (ISMA) has also been pulled up by the anti-trust regulator. The association has been asked to pay 10 per cent of its […]

Read more

Cotton Corporation of India to procure cotton directly from farmers in Rajasthan

The Cotton Corporation of India (CCI) will procure cotton directly from farmers in Rajasthan at the minimum support price (MSP) and make the payment to their accounts in the upcoming cotton season. Rajasthan thus becomes the first cotton-growing state in the northern region to make direct transaction compulsory for procurement at MSP. “The CCI needs […]

Read more

Cotton Corporation of India’s procurement climbs eight-fold despite bollworm hit

georgia-cotton-6-b1.jpg

Government-owned Cotton Corporation of India (CCI) has recorded an eight-fold increase in cotton fibre procurement this year, due to a sharp volatility in cotton prices throughout this season. The Corporation had operated only through commercial operations last year, with a total procurement of 150,000 bales (of 170 kg each). This year, it has procured a […]

Read more