Cotton purchases made by CCI

17-Dec-2024 09:10 AM

Cotton purchases made by CCI
Here's a summarized version of the information about cotton purchases made by the Cotton Corporation of India (CCI):
Key Highlights:
Purchases Till 15 December 2024:
CCI procured 31 lakh bales of cotton.
Major purchases were made in Telangana (19.94 lakh bales) and Maharashtra (5.42 lakh bales), driven by prices below the Minimum Support Price (MSP) in mandis.
State-Wise Procurement (till 14 December 2024):
Telangana: 19.94 lakh bales
Maharashtra: 5.42 lakh bales
Andhra Pradesh: 1.80 lakh bales
Karnataka: 1.66 lakh bales
Gujarat: 0.88 lakh bales
Madhya Pradesh: 0.86 lakh bales
Orissa: 0.21 lakh bales
Rajasthan: 0.13 lakh bales
Haryana: 0.05 lakh bales
Comparison with Last Season (2023-24):
Total procurement in 2023-24 was 33 lakh bales.
For the current season, CCI expects procurement to reach 50-70 lakh bales.
Cotton Arrivals in Mandis:
Daily arrival: Over 2 lakh bales.
Total arrivals this season: 83.3 lakh bales.
Production Insights (2024-25):
Estimated production: 302.25 lakh bales, a 7% decrease compared to 2023-24.
Decline attributed to reduced cultivation area and adverse weather conditions.