Cotton imports noticed a 133 % leap final month in contrast with final May and a 131 % enhance in worth in April-May 2025 in contrast with the identical interval final 12 months. File
| Photo Credit: Reuters
The Cotton Corporation of India (CCI) has bought near 100 lakh bales at the Minimum Support Price (MSP) from farmers within the present cotton season and has offered 35 lakh bales out there.
Lalit Kumar Gupta, the CCI chairman and Managing Director, advised The Hindu on Tuesday (June 17, 2025) that the CCI opened greater than 500 centres within the cotton-growing areas because the starting of the season in October 2024.
“The demand for cotton is not much from the textile mills, and if the current market situation persists, the CCI may purchase more cotton at MSP next season,” he mentioned.
Official sources mentioned the outgo for CCI this 12 months for the MSP operations was ₹37,500 crores. With 8 % enhance within the MSP for the subsequent cotton season (October 2025-September 2026), the outgo shall be greater if the CCI buys extra cotton from the farmers at MSP.
Meanwhile, cotton imports noticed a 133 % leap final month in contrast with final May and a 131 % enhance in worth in April-May 2025 in contrast with the identical interval final 12 months.
Nishant Asher, secretary of the Indian Cotton Federation, mentioned International cotton is nearly 8 % cheaper than Indian cotton. With the 11% import obligation, Indian spinners are getting cotton from different nations at 1%-2% decrease costs. However, they’re unable to compete within the worldwide market. The import obligation is a serious deterrent for the competitiveness of the Indian textile trade, he mentioned.
Published – June 18, 2025 04:29 am IST