Trade Hits: 2134

The Cotton Corporation of India (CCI) is operating 71 Procurement centres in Andhra Pradesh (AP) to aid cotton

Trade Hits: 2134
The Cotton Corporation of India (CCI) is operating 71 Procurement centres in Andhra Pradesh (AP) to aid cotton
Trade Hits: 2134

07 December 2021, Mumbai:

The Cotton Corporation of India (CCI) is operating 71 procurement centres in the state to assist the cotton growers.

The CCI said that for the 2021-22 season, they have opened 30 procurement centres besides 41 procurement points at notified ginning and pressing factories, said CCI Guntur branch manager G Sai Aditya.

He added the Centre has announced a minimum support price (MSP) of Rs 6,025 per quintal for the current season. This is the rate at which cotton is being purchased at the Adoni market at Rs 7,689 per quintal and this year, the highest amount paid to the farmers has been Rs 8,219 per quintal, Sai Aditya said.

"The CCI does not procure cotton that does not belong to the Fair Average Quality (FAQ) grade," he said. The CCI is particular about the procurement of FAQ grade cotton, which is determined by the moisture level, which should range between 8 percent and 12 percent.

"If the moisture is above 12 percent, the CCI will not procure it," Sai Aditya asserted.

Further, the CCI does not procure immature cotton or those with red, yellow, or black marks as such cotton is below the FAQ grade, he added. The rains have damaged the cotton crop this season, leaving the CCI unable to procure cotton in these places.

TOI (The news article has not been edited by DFU Publications staff)

Reorganisation of districts in AP turning out to be a ticklish job

 

Dear Reader, we at DFU Publications are committed to providing the latest news updates on trade development and insights, to keep our readers informed. Stay tuned. Subscribe to our newsletter.

 

DAILY NEWS:

  1. Flipkart, an Indian e-commerce company, collaborates with PUMA on the ‘1DER' line, which features batsman KL Rahul
  2. Consumers will determine growth of sustainable fashion e-comm in India
  3. Myntra to offer 1 mn styles from about 7,000 brands at the 'Big Fashion Festival'
  4. Maharashtra government honors VIP as 'Best Innerwear Brand' for 2021-22
  5. Nike strengthens retail presences with new store at DLF Mall of India,Noida

 

Return to homepage

Author’s Posts