The Cotton Corporation of India will start selling cotton from January 15, 2015.CCI is mandated to procure cotton at the minimum support price. It has so far purchased 40 lakh bales and plans to offload 10,000 bales every day and measures would be taken to ensure there is no fluctuation in prices.

The corporation has so far purchased 70 to 80 per cent of the arrivals in southern states and 10 to 15 per cent in Gujarat and Maharashtra. Traders are active in these two states, and are purchasing cotton at more than the minimum support price. Total purchases by the corporation in the season October 2014 to September 2015 at minimum support price are expected to go up to 100 lakh bales.

Arrivals have picked up, and over two lakh bales of cotton are arriving in the market every day. Though there are no quality issues, export demand is almost nil and domestic mills are buying only limited stocks. CCI extends marketing support to cotton growers in selling their produce at competitive prices in various market yards in all cotton growing states through intervention – beginning from day one of the arrivals till the end of season. Procurement operations are spread over more than 225 market yards in the country.

cotcorp.gov.in/