The Cotton Corporation of India (CCI) has so far procured 98,900 bales (of 170 kg) of cotton in the current season till December 10 as compared to 3.9 lakh bales purchased in the previous season, according to the government data.
Much of this procurement made at minimum support price -- 86,000 bales – happened in Telangana, Agriculture ministry said. In the last cotton season too, Telangana accounted for 68 per cent of the cotton procured by the public sector firm.
As per the estimates made by the Cotton Advisory Board, cotton production this year is projected at 361 lakh bales, nearly 20 lakh bales more than that estimated by the Cotton Association of India (CAI). CAI revised its yield projections downwards last week as it feared that crop losses in major cotton production States such as Gujarat, Maharashtra, Telangana and Karnataka.