SISPA urges CCI to sell cotton to MSME mills on priority
5 months, 4 weeks ago

SISPA urges CCI to sell cotton to MSME mills on priority

New Indian Express  

COIMBATORE: The South India Spinners Association has sought an immediate intervention of the Cotton Corporation of India to prioritise the sale of cotton to Micro, Small, and Medium Enterprise spinning mills from July 1. Recent increases in garment export orders have enabled many mills to resume operations, leading to a growing demand for cotton to meet production needs. "Cotton prices suddenly increased from Rs 58,000 to Rs 63,000 per candy four months ago, when c. At that time, we requested the Ministry of Textiles and CCI not to sell cotton to traders. Based on our request the Union Ministry of Textiles advised the CCI not to sell cotton to traders.

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History of this topic

Karaikal farmers heave a sigh of relief as cotton prices improve
6 months ago

Karaikal farmers heave a sigh of relief as cotton prices improve

The Hindu  

With cotton fetching more than the minimum support price on the first day of auction at the regulated market in Karaikal, farmers have something to cheer about as private traders were now forced to offer better rates in the open market. On Saturday, weekly cotton auction began at the Agriculture Department’s Regulated Market in the town and the price of …

Cotton position comfortable, says SIMA
9 months ago

Cotton position comfortable, says SIMA

The Hindu  

The Committee on Cotton Production and Consumption, at a recent meeting, estimated cotton production this season, ending September, at 323 lakh bales and exports 27 lakh bales. The Cotton Association of India, however, said production will be 309 lakh bales mainly because it expects production in Telangana to be 34 lakh bales against 48 lakh bales estimated by the COCPC. …

Cotton prices drop in several markets
1 year ago

Cotton prices drop in several markets

The Hindu  

With the cotton prices remaining subdued due to lack of demand, the Cotton Corporation of India has purchased nearly two lakh bales of cotton at Minimum Support Price since the beginning of the current cotton season. Lalit Kumar Gupta, Chairman and Managing Director of the CCI, said the organisation is buying cotton at MSP price in nine States. Since the …

Spinning mills in Tamil Nadu to go on strike from November 7
1 year, 1 month ago

Spinning mills in Tamil Nadu to go on strike from November 7

The Hindu  

Open-end spinning mills in Tamil Nadu that supply yarn to producers of mops, mats, kitchen towels, lungis, etc. G. Arulmozhi, president of the open-end spinning mills’ association, told presspersons in Coimbatore on Saturday November 4, 2023, that open-end spinning mills, numbering almost 600 in Tamil Nadu, produce yarn worth ₹60 crores a day. Open-end spinning mills in Panipat, Haryana, he …

Cotton production next season expected to be about 330 lakh bales, says cotton federation
1 year, 3 months ago

Cotton production next season expected to be about 330 lakh bales, says cotton federation

The Hindu  

India is expected to see production of 330 lakh to 340 lakh bales of cotton in 2023-2024 cotton season that begins on October 1, said J. Thulasidharan, president of the Indian Cotton Federation, in Coimbatore city on September 24. In the current season that would end this month, 335 lakh bales of cotton had arrived in the market and even …

Textile mills in MSME segment down shutters citing high production cost
1 year, 5 months ago

Textile mills in MSME segment down shutters citing high production cost

The Hindu  

A large number of textile mills in the micro, small and medium-scale segment downed shutters on Saturday citing high production cost that made operation of the units unviable. The State government should revise the power costs for textile units and the Central government should have a ‘one nation-one policy’ for the entire textile industry. Ravi Sam, chairman of Southern India …

Textile units urged to trade cotton on MCX
1 year, 9 months ago

Textile units urged to trade cotton on MCX

The Hindu  

More textile mills, garment units, and weavers should use the MCX platform to buy cotton, said T. Rajkumar, chairman of Confederation of Indian Textile Industry, and Ravi Sam, chairman of Southern India Mills’ Association. Mr. Rajkumar, who is also the head of the MCX Cotton Product Advisory Committee, and Mr. Ravi Sam told press persons here on Monday that following …

Farmers stock cotton in their homes, not selling, hoping for Rs 10,000 as price
1 year, 11 months ago

Farmers stock cotton in their homes, not selling, hoping for Rs 10,000 as price

Deccan Chronicle  

ADILABAD: Farmers stocked thousands of quintals of cotton in their homes across villages in the hope it would fetch higher prices in the near future. BRS leaders mobilized leaders of various Rythu Sanghams and of the Congress and Left parties under the banner of ‘JAC against the central government’ to fight for higher cotton prices. BRS leaders, in the name …

Union Cabinet approves price support of Rs 17,408.85 cr to Cotton Commission of India
3 years, 1 month ago

Union Cabinet approves price support of Rs 17,408.85 cr to Cotton Commission of India

Firstpost  

This came amid a slew of decisions including restoration of MPLADS taken at the Cabinet Committee on Economic Affairs headed by Prime Minister Narendra Modi The Centre on Wednesday approved a Rs 17,408.85 crore ‘committed price support’ to the Cotton Corporation of India for seven cotton seasons from 2014-15 to 2020-21. #Cabinet approves committed price support of Rs 17,408 crore …

Mills association seeks rollback of duty on cotton imports
3 years, 10 months ago

Mills association seeks rollback of duty on cotton imports

The Hindu  

The Southern India Mills’ Association has sought a rollback of the 10% customs duty on cotton imports announced in the Union Budget, as it would escalate the cost of garments and result in higher import of garments, especially from countries such as Bangladesh and Sri Lanka. Ashwin Chandran, chairman of Southern India Mills’ Association, said that India imports mainly extra-long …

India Expects to Sell 1.5 Million Bales of Cotton to Bangladesh to Cut Record Closing Stock: CCI CMD
4 years, 4 months ago

India Expects to Sell 1.5 Million Bales of Cotton to Bangladesh to Cut Record Closing Stock: CCI CMD

News 18  

State-owned Cotton Corporation of India expects to sell 1-1.5 million bales of cotton to Bangladesh to liquidate surplus stocks, a top company official said on Wednesday. He said India's closing stock of cotton is likely to touch 9 million bales by the end of the current marketing year 2019-20. Agarwal said he expects 1-1.5 million bales of cotton to be …

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