Monday, June 24, 2024
spot_imgspot_img
spot_imgspot_img
HomeTechnologyTextile Raw MaterialPositive Business in August leads the Cotton Corporation of India (CCI) to boost prices

Positive Business in August leads the Cotton Corporation of India (CCI) to boost prices

2-50After the Successful Transaction in August, the Cotton Corporation of India (CCI) continued to boost prices in the floor, thus reducing discounts and limiting volume trading. This move decreases CCI ‘s advantage in cotton prices and weakens sales in September. According to the CCI announcement, on September 7, the CCI average stock floor prices for the cotton stocks were Rs 35,340 per candy for 2018/19, and Rs 36,600 per candy for 2019/20.

The overall quantitative limit is 2 lakh bales a day and 10 lakh bales are sold to a single buyer in a cotton season for the sale of bales in total. The MSME spinning mills, KVIC units and Co-operative Spinning Mills will earn a reduction of Rs 300/- per candy at a sales rate. For that segment (except KVIC / Government Mills) a cap will be set for the quantity of 15,000 bales in the cotton season.

Weekly Newsletter

Get hand picked industry updates delivered straight to your inbox
SUBSCRIBE

YOU MAY ALSO LIKE

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement - spot_img

Join Our Weekly Newsletter

Get hand picked industry updates delivered straight to your inbox
Sign Me Up
- Industry Associate - spot_img

Upcoming Events

Simillar News

Recent Random

Texworld Apparel Sourcing Paris: nearly 1,200 exhibitors from 26 countries for an edition full of new features

Nearly 1,200 exhibitors from 26 countries will gather in Hall 7 of Paris Expo, Porte de Versailles, from July 1 to 3, 2024. It...

Fashion for Good Museum Shares its Legacy and Embarks on a New Phase

The Fashion for Good Museum publishes its legacy document. A testament to its transformative journey, the report was prompted by the museum’s closure on...

This Eco-hero gave a second life to plastic bottles

Sarmin Sultana LimaApproximately 480 billion plastic water bottles are produced annually. But most of them are disposed in landfills. This affects our environment. So...
Get hand picked industry updates delivered straight to your inbox
Sign Me Up

Weekly Newsletter

Get hand picked industry updates delivered straight to your inbox
SUBSCRIBE