Cotton Rate: Cotton rate revised up to Rs 200 CCI sells cotton at higher prices
2025-03-18 18:01:19
Cotton Rate: CCI sells cotton at higher prices after revising the rate by up to Rs 200.
Since the beginning of this year, there has been pressure on cotton prices in the country, so CCI's purchases have increased. CCI has so far purchased 1 crore bales of cotton in the country. The highest purchase has been made in Telangana.
After this, 29 lakh bales were purchased in Maharashtra. CCI is selling cotton. However, CCI's cotton is being sold at a price higher than the open market price. It is getting support from the price of cotton. Cotton prices also saw a correction of Rs 100 to Rs 200.
The central government has announced a minimum support price of Rs 7,121 for medium-long-staple cotton and Rs 7,521 for long-staple cotton this year. However, cotton prices in the market have remained below the guaranteed price so far. Cotton sold between Rs 6,700 and Rs 7,000.
However, there has been some improvement in cotton prices for the last two-three days. But the prices are lower than the guaranteed price. Some farmers even held back their goods due to low prices in the market. This year farmers have preferred to give cotton to CCI.
CCI's purchases were good due to low prices in the open market. CCI has so far purchased 1 crore bales (10 million bales) of cotton. CCI purchased 44 percent of the total cotton that came to the market. Due to CCI's support, the market did not fall much despite the bearish pressure in the international market. The price level in the country was seen between 6,700 and 7,000.
State-wise purchase
Out of the one crore bales purchased by CCI across the country, 40 lakh bales of cotton were purchased in Telangana. This means that 40 percent of the cotton was purchased in Telangana alone. 29 lakh bales of cotton were purchased in Maharashtra. 13 lakh bales of cotton were purchased in Gujarat, 6 lakh bales in Karnataka and 4 lakh bales in Madhya Pradesh. CCI was successful in making purchases in the remaining states this year as well.
CCI is being sold at a higher price.
CCI is currently the largest cotton stockist in the country. CCI is selling cotton in the market. However, CCI's selling price is higher than the market price. The price of cotton khadi in the open market is between Rs 52,000 and Rs 54,000 depending on the quality. However, in the CCI auction on March 17, cotton was sold between Rs 54,000 and Rs 55,500.
CCI sold 2 lakh 8 thousand cotton bales. Out of this, mills bought 94,500 bales and traders bought 113,000 bales of cotton. CCI's cotton traders and mills are buying at higher prices. Therefore, cotton prices are getting support in the open market as well.
CCI bought 1 crore bales of cotton in the country. Registration for selling cotton to CCI closed on March 15. However, cotton will be purchased from registered farmers. Therefore, registered farmers can offer cotton to CCI.
