Cotton Corporation of India (CCI) at a minimum support price (MSP) has reached 1 crore lumps (every 170 kg) for 2024-25 marketing season. Telangana tops the list of states where the maximum amount of money is purchased, followed by Maharashtra and Gujarat government procurement.
CCI Chairman Lalit Kumar, who provided information on procurement, said that the purchase of 1 crore bales so far is over and the purchase work is still underway. As of March 26, 40.38 lakh knots in Telangana, 29.34 lakh knots in Maharashtra, 14.1 lakh knots in Gujarat and 5.22 lakh bales in Karnataka. 3.95 lakh knots have been purchased in Madhya Pradesh and 3.83 lakh bales have been purchased in Andhra Pradesh.
CCI bought fast
After 2019-20, the CCI has purchased more cotton for the second time. 1.05 crore lumps were purchased that year. With this, CCI has purchased one -third of the total cotton production born in the country. At this time there is a possibility of a decline in cotton production. Earlier, about 3 crore lumps were estimated, which had been reduced to 294 lakh knots.
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On Tuesday, on Tuesday, it was reported in Parliament that the central government had purchased 99.41 lakh lumps from the farmers at a minimum support price (MSP) until March 25 this year, while a total of 260.11 lakh lumps came to the market. Similarly, the government spent Rs 11,712 crore under the MSP scheme to buy cotton from farmers during 2023-24.
The government also gave information
Textile Minister Pabitra Margareita said that the Cotton Corporation (CCI) helped farmers and bought 32.84 lakh knots under the MSP scheme, which benefited 7.25 lakh cotton farmers in all the cotton -producing states. MSP to provide prices of beneficial prices to cotton farmers
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The Minister said that prices purchased by the government could prevent the fall of prices below the MSP level. In addition, the government said the government has registered the Mask Kaira as India’s brand trademark for the global branding of Indian garments, to provide a special identity for Indian cotton with premium quality. Support for cotton farmers plays an important role in improving India’s textile exports growth.
(Tagstotranslate) CCI (T) Cotton Bales (T) Cotton Crop (T) Cotton Crop (T) Cotton MSP (T) Telangana (T) Cotton Procurement
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