Cotton Corporation sold 15 lakh bales under bulk discount scheme in last fortnight
CCI President Lalit Kumar Gupta said, "We have sold 15 lakh bales under this bulk discount scheme. We have a stock of less than 12 lakh bales right now."
State-run CCI, which had bought one crore bales at minimum support price (MSP) during the 2024-25 cotton season, reduced its floor price by ₹2,000 per candy (356 kg of ginned cotton) after the government removed 11 per cent import duty on August 19.
Bengaluru
The Cotton Corporation of India (CCI) has sold 15 lakh bales (each of 170 kg) under the bulk discount scheme in last fortnight. The bulk discount scheme, which began on September 1, ended on Monday. CCI had a stock of 27 lakh bales before the introduction of the scheme.
CCI had launched a bulk discount scheme to sell its stock ahead of the new procurement season starting October 1. It offered discounts ranging from ₹400 to ₹600 per candy to bulk buyers of different categories.
Purchasing centres
For the Kharif marketing season 2025-26 starting October, CCI has set a record.
Harvest bustle. CCI launched a bulk discount scheme to sell its stock ahead of the new procurement season.
550 procurement centres across major cotton producing states.
"Procurement will commence in Haryana, Punjab and Rajasthan from October 1 and in Madhya Pradesh, Gujarat, Maharashtra and Odisha from October 15," Gupta said.
He further added that procurement in Telangana, Andhra Pradesh, Karnataka and Tamil Nadu will commence from October 21. The government has announced an MSP of Rs 7,710 per quintal for medium staple cotton and Rs 8,110 per quintal for long staple cotton. As of September 15, farmers across the country have sown cotton in about 109.64 lakh hectares, lower than 112.48 lakh hectares in the same period last year.
The Cotton Association of India recently estimated the carry-forward stock for the new season 2025-26 starting October to be at a five-year high of 60.59 lakh bales, up from 39.19 lakh bales earlier.
The increase in carry-forward stock is due to a rise in imports as import duty was removed. Imports for 2024-25 are estimated at 41 lakh bales as against 15 lakh bales last year. Traders expect cotton imports to reach around 20 lakh bales during the October-December quarter.
read more:- India's textile-apparel exports declined by 2.7% in August
Regards
Team Sis
Any query plz call 9111677775
https://wa.me/919111677775
