Live Spot Prices
RBD Palmolein ( MCX ) 580 | Menthol Oil ( MCX ) 1517 | Aluminium ( MCX ) 138 | Crude Oil ( MCX ) 3685 | Soya Bean ( NCDEX ) 3372 | Cotton Seed ( NCDEX ) 1902 | Maize ( NCDEX ) 1633
 
CCI set to start procurement at MSP in Telangana
Commodity Online | October 10 2018
UPDATED 13:12:58 IST

QRs on Pulses import put India under pressure at WTO meeting at Geneva

ITA inks pact with Chinese Tea body to boost shipments

India's food grain output target fixed at 290.25 MT for 2018-19

Half of India's surplus Sugar exported to Sri Lanka

India's Vegetable Oil imports decline 9% in November

The Cotton Corporation of India (CCI) is set to start purchases of the fibre crop for the 2018-19 season at minimum support price (MSP) from Telangana over the next few days.

Procurement is likely to begin in the next few days in Telangana since the moisture content is approaching 12 per cent there due to dry weather. Historically, the MSP procurement in Cotton generally starts in the third or fourth week of October.

About 270 ginning mills in Telangana are expected to start Cotton purchases. The Marketing Department will open 11 procurement centres. Some of the centres have already begun purchases.

CCI has geared up for large-scale MSP operations across the country as the Centre announced an MSP increase of 26-28 per cent for the fibre crop over last year. For the long staple variety, MSP has been increased by 26.16 per cent to Rs 5,450 per quintal, while for the medium staple, MSP hike has been 28 per cent to Rs 5,150 per quintal.

 

 

Commodity Arrivals Rate
Mustard Oil NR 9550.00
Coconut Oil 2 18000.00
Arecanut 3.5 2000.00
Sugar NR 3700.00

More

×