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CCI to focus on commercial operations
The Cotton Corporation of India (CCI) has procured about 5 lakh bales this season of which 4 lakh bales have been procured at minimum support price (MSP) and the remaining 1 lakh bales as part of its commercial operations, senior officials at the CCI said.
RCM under GST worries cotton industry
The issue of Reverse Charge Mechanism (RCM) under GST is worrying the cotton industry, especially the ginners in India. Hence, the Cotton Association of India (CAI) convened a joint meeting of the Presidents and Secretaries of upcountry associations of all cotton growing States in Mumbai
B Kingdon is new MD of ICA
A selection committee formed of the International Cotton Association (ICA) officers have appointed Bill Kingdon as their Managing Director following a rigorous and robust recruitment process. The ICA Officers worked closely with a recruitment agency to guarantee a professional and independent process to select a new managing director over a period of three months.
Aim for 1000 kg/ha cotton productivity: CAI chief
The cotton sector in India has clocked an envious growth and it has carved a niche for itself in the international market. India has the largest acreage under cotton, which is about 1/3rd of the world’s total cotton acreage.
Cotton market to witness pressure
Cotton market will show signs of pressure, for at least a short timeframe. Looks like, there is going to be lot of cotton world over. Addressing the 95th Annual General Meeting of Mumbai-based Cotton Association of India, Nayan Mirani stated recently, “cotton prices are likely to witness a depressing trend.”
Telangana urges Centre to open 150 CCI centres
In view of the area under cotton increasing two-fold this year, the Telangana Government has urged the Centre to open 150 business centres of Cotton Corporation of India (CCI) to enable farmers sell their produce.
Kai Hughes named ICAC’s new ED
Kai Hughes has been selected by the Members of the International Cotton Advisory Committee (ICAC) to serve as its 7th Executive Director since 1949.
Small rise in Indian cotton intake likely
India is estimated to consume 29.5 million bales of cotton (170 kg each), this season ending this September. Within one month of its recent estimate, Mumbai-based Cotton Association of India (CAI) has revised the estimate of India’s cotton consumption and import numbers.
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