According to Cotlook, good sale of reserved cotton, and continual upswing of base selling price have raised the sale of cotton stocks by CCI. By August 25, the corporation sold about 1.04 million tonne of its reserved tonne The corporation alongwith the Maharashtra Cotton Federation currently have 1.22 million tone of reserve cotton stocks. CCI raised the base selling price of reserved cotton on August 11 and 14. From August 11, the prices of 2018/19 cotton have increased on an average of Rs 100 candy from the beginning of August, and the 2019/20 cotton price increased on an average Rs 300/candy.
On August 14, CCI announced the latest discounts and prices of cotton stocks during August 16 and August 31. It raised the 2018/19 cotton prices by an average of Rs 100/candy, and 2019/20 cotton prices increased by Rs 100-200/candy. The corporation also began to suspend daily sales from August 25 to deal with outstanding sales.
With the good sale of CCI's cotton and continual upswing of prices, sale of Indian cotton turn to be a support to the global market. Moreover, these sales also support the CCI's new cotton procurement in new season.












