CCI hands over dividend of Rs 8.89 crore to Textile Minister

22-Jan-2026 03:42 PM

New Delhi. The Cotton Corporation of India (CCI) yesterday presented a dividend check of Rs 8.89 crore to the Union Textile Minister, representing a portion of its earnings from cotton trading.

It is noteworthy that CCI is an agency under the Union Ministry of Textiles that procures cotton from farmers at the Minimum Support Price (MSP) and then sells it to textile millers and traders.

Sometimes, cotton is also exported at the government level. This generates good revenue for the corporation, and it transfers a portion of its profits to the Ministry of Textiles.

A statement issued by the Ministry of Textiles informed that during the financial year 2024-25, the corporation's total turnover increased to over Rs 20,000 crore, one of the highest turnovers ever.

According to the statement, CCI contributes to approximately 97 percent of the certified cotton cultivation in the country.

In the 2024-25 marketing season, the corporation procured approximately 100 lakh bales (170 kg each) of cotton from Indian farmers at the Minimum Support Price and then made this stock available to the textile industry and trade sector during the off-season.

In the current 2025-26 marketing season, the corporation has already procured more than 80 lakh bales of cotton, and the procurement process is still underway. Moreover, the corporation has also started selling the procured stock.

Sales commenced on January 19, 2026, and on the very first day, the corporation successfully sold 1.14 lakh bales of cotton. The price of the corporation's cotton is slightly higher than the prevailing market rate.