According to an official source, CCI had purchased more than 13 lakh bales in 2008 as that year too, cotton prices had nosedived due to the global recession. “CCI is purchasing cotton from farmers at the MSP of Rs 5,500 per quintal decided by the central government,” the official said.
“CCI is purchasing cotton from farmers at the MSP of Rs 5,500 per quintal decided by the central government,” the official said.
With prices continuously going southward, the Cotton Corporation of India (CCI) is proving to be the saviour for Gujarat cotton-growers. CCI has already purchased over 7.5 lakh bales (170 kg per bale) in the current season – the highest procurement by any central government agency in the state in the past 12 years.
According to an official source, CCI had purchased more than 13 lakh bales in 2008 as that year too, cotton prices had nosedived due to the global recession. “CCI is purchasing cotton from farmers at the MSP of Rs 5,500 per quintal decided by the central government,” the official said.
