CCI Breaks Record, Sells 6.11 Lakh Bales in a Single Day Despite Price Hike
The Cotton Corporation of India (CCI) has achieved a historic milestone by selling 6,11,000 bales of cotton in a single day on Monday, June 30, setting a new all-time record. This remarkable feat comes despite a price increase of ₹200 per candy on the 2024-25 season stock.
This new record surpasses CCI's previous high of 4,45,100 bales, which was set just last week, highlighting an unprecedented demand surge and robust market response even in the face of higher prices.
Breakdown of Sales:
Mill Session : 2,05,900 bales
Trader Session : 4,05,100 bales
The increased participation from both mills and traders underlines growing confidence in the market and CCI's pricing strategy.
So far in the 2024-25 season, CCI has sold a total of 53,55,400 bales, which accounts for 53.55% of its total procurement from this season’s crop. The sales performance reflects strong market fundamentals and CCI's effective marketing and distribution efforts.
This milestone is seen as a major boost for the Indian cotton sector, reinforcing CCI’s pivotal role in balancing market demand while safeguarding the interests of cotton growers.
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