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CCI continues to increase prices after August transactions

  

Cotton Corporation of India (CCI) continued to increase cotton sales floor price after active transaction in August, while reducing discounts and restricting trading volumes. This move is reducing CCI's cotton price advantage, and weaking sales in September. According to CCI announcement, the average floor prices of CCI's cotton stocks on September 7 was Rs 35,340 per candy for 2018/19 cotton and Rs 36,600 per candy for 2019/20, which are all increased by Rs 100 compared to the price announced on September 1.

There will be maximum quantitative ceiling of 2 lakh bales per day and total sale of 10 lakh bales in a cotton season to any single buyer for sale of cotton bales. A discount of Rs 300/- per candy in sale rate will be given to MSME spinning mills, KVIC Units & Co-operative Spinning Mills. However, there will be a quantity limit of 15,000 bales in a cotton season for this segment (excluding KVIC/Government Mills).

 
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