Cotton Corporation of India (CCI) had procured over one third of total cotton bales arrivals in the market at minimum support price till mid-December 2024-25.
The Corporation’s total cotton bales arrivals amounted to 31 lakh bales during this period. The procurement operations were conducted across all major cotton-producing states, with Telangana and Maharashtra leading the way, notes Lalit Gupta, Chairman and Managing Director, CCI.
Raw cotton prices are currently trading below the MSP levels due to weak demand from yarn mills and declining cottonseed prices. The Centre has increased the MSP for medium staple cotton by 7 per cent to Rs 7,121 per quintal and to Rs 7,521 per quintal for longer varieties for the 2024-25 season.
According to the Cotton Association of India (CAI), daily market arrivals have already surpassed 2 lakh bales, with cumulative arrivals reaching over 83.30 lakh bales across the country. Despite the estimates for cotton production reducing by around 7 per cent to 302.25 lakh bales, adverse weather and reduced acreage continue to impact output in some regions during 2024-25.
