CCI sells over 67 lakh bales of cotton till July 11
By yash chouhan 2025-07-15 11:06:37
CCI's cotton sales till July 11 was 67 lakh bales
Amidst improved demand from mills and depleted stocks with the private trade, the Cotton Corporation of India (CCI) is witnessing good demand for its stocks. The State-run CCI has sold about 67.09 lakh bales (of 170 kg) in the ongoing 2024-25 marketing season till July 11, as per the latest data on its Website. CCI had procured over 1 crore bales at minimum support price (MSP) during the 2024-25 marketing season.
Trade sources said the demand for cotton has improved from the mills and also from traders in the recent days. As CCI is currently the only large stockholder, it is witnessing demand for the fibre crop.
“Demand for cotton is good and is going up” said Ramanuj Das Boob, a sourcing agent in Raichur and also the Vice President of All India Cotton Brokers Association. CCI, which had reduced the sale price to make its cotton stocks attractive, has now been steadily increasing the price over the past couple of weeks.
Turning bullish
“Most of the spinning mills have bought cotton and some traders are also buying it. There is no stock of cotton with the trade and the new arrivals will begin only by October. Traders also have covered a good quantity for resale,” said Boob.
As the cotton price have gone up, the price of yarn has also seen an improvement. “There is some demand for yarn,” Das Boob said. Prices which were hovering around ₹55,000-55,500 have now inched up to ₹57,000 levels per candy (of 356 kg).
Higher carryover stocks
“The Indian cotton market has recently turned from bearish to bullish due to aggressive buying by spinners and traders after CCI reduced prices to attractive levels. However, with CCI having sold over 65 per cent of its stock (85 per cent in Gujarat), many mills have already covered their needs. New kapas arrivals are limited, and ginning activity remains largely shut across India. Yarn demand continues to be weak, and mills are cautious with inventory,” said Anand Popat, a trader of cotton, yarn and cotton waste in Rajkot, said in his weekly newsletter.
Last week, the Cotton Association of India estimated that the season-end stocks for the current 2024-25 marketing year at around 55.59 lakh balesh, about 84 per cent higher than 30.19 lakh bales last season. The higher than estimated closing stocks are atttributed to the revised crop figures of 311.40 lakh bales from its earlier projections of 301.14 lakh bales.
