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CCI to setup 11 purchase centres in Guntur district of AP

The Cotton Corporation of India (CCI) will set up 11 purchase centres in the Guntur district to purchase cotton from the farmers at the minimum support price (MSP), civil supplies minister P Pulla Rao said. To ensure farmers get the MSP according to the price set by the government for their crop, Rao said in […]

CCI to setup 11 purchase centres in Guntur district of AP
Quick Industry Summary
AI
โ†‘OpportunityGovernment intervention ensures stable cotton supply and fair pricing, curbing middlemen.

CCI MSP centers stabilize cotton prices, boost direct sourcing in Guntur.

  • WHAT: The Cotton Corporation of India (CCI) will establish 11 purchase centers in Guntur district to procure an expected 4.66 lakh tonnes of cotton at Minimum Support Price (MSP).
  • WHO: Spinners, yarn producers, and fabric mills are most affected, benefiting from more stable raw material pricing and potentially direct sourcing channels.
  • IMPACT: This initiative aims to stabilize raw cotton prices, reduce price volatility, and enhance supply chain transparency by curbing the influence of middlemen.
  • CONTEXT: This government intervention aligns with ongoing efforts to support farmers and ensure a consistent, fairly priced domestic cotton supply amidst market fluctuations.
  • ACTION: Professionals should monitor CCI's procurement volumes and pricing in Guntur for potential stable sourcing opportunities and as a benchmark for raw cotton costs.
Affects:Spinners & Yarn ProducersWeavers & Fabric MillsGarment ManufacturersSourcing ManagersRaw Material SuppliersInvestors
Cotton MSPCCI ProcurementGuntur CottonRaw Material SourcingPrice StabilitySupply Chain Transparency
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The Cotton Corporation of India (CCI) will set up 11 purchase centres in the Guntur district to purchase cotton from the farmers at the minimum support price (MSP), civil supplies minister P Pulla Rao said. To ensure farmers get the MSP according to the price set by the government for their crop, Rao said in a review meeting recently held with officials.

The agriculture department officials of Andhra Pradesh are expecting 4.66 lakh tonnes of cotton out of 1.82 lakh hectares of farm land in Guntur district.

The marketing department commissioner, S Anand Kumar said, โ€œThe department will open 43 cotton purchase centres and install CCTV cameras to curb the menace of middlemen.โ€

–ย Apparel and Textile News, Apparel Talk, Indian Appare

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