The Cotton Corporation of India (CCI) , the government owned nodal agency for cotton trading in India has reduced the sale price of the Gujarat grown variety of cotton; Shankar-6. CCI has brought down the price of cotton by around Rs 400 per candy.
CCI is currently selling Shankar – 6 variety of cotton at Rs 23,100 per candy against Rs 23,500 per candy prevailing one week back. CCI in the current cotton season has purchased cotton totaling to 10 million bales across all varities.
Fibre2fashion spoke to Mr Subhash Grover, Managing Director of Cotton Corporation of India, who replied by saying that, “Since February and till the second week of April, prices of cotton were going high”.
He added by saying, “Due to reduced demand by mills and no feasibility of export of cotton, since third week of April prices have started going down by 300 to 400 Rs per candy”.
Source: http://www.fibre2fashion.com/
CCI is currently selling Shankar – 6 variety of cotton at Rs 23,100 per candy against Rs 23,500 per candy prevailing one week back. CCI in the current cotton season has purchased cotton totaling to 10 million bales across all varities.
Fibre2fashion spoke to Mr Subhash Grover, Managing Director of Cotton Corporation of India, who replied by saying that, “Since February and till the second week of April, prices of cotton were going high”.
He added by saying, “Due to reduced demand by mills and no feasibility of export of cotton, since third week of April prices have started going down by 300 to 400 Rs per candy”.
Source: http://www.fibre2fashion.com/
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