gateway

Thursday, 05 November 2020 13:25

CCI assures Telangana of purchasing entire cotton crop at MSP

Rate this item
(0 votes)
 

Cotton Corporation of India (CCI) has assured the government it will purchase all the cotton produced in Telangana at the Minimum Support Price of Rs 5,825 per quintal. The CCI also assured of taking all issues raised by the state into consideration. It appreciated the government’s move of increasing the number of ginning and pressing mills.

The Telangana government had urged CCI to increase the permitted moisture content in cotton considering the recent heavy rains in the State. At present, the CCI allows only 12 per cent of humidity in cotton fiber. While the CCI has procured and stored 49.56 lakh bales of cotton from Telangana during 2019-20, it has only lifted 9.28 lakh bales so far.

The government impressed upon the CCI that Telangana was known for its high quality cotton and the software developed by the State for procurement of the fiber crop was one-of-its-kind in the country. It also requested CCI to cooperate with the government in setting up a Cotton Research Centre in Adilabad.