May 30, 2024


Passion For Business

CCI tweaks discount plan to price its cotton at market level

In a bid to trim its bulging stocks and to make certain availability of raw product to the spinning mills at aggressive price ranges, Cotton Company of India (CCI) modified its lower price scheme on Monday by rationalising the price ranges.

“To provide the twin objective of helping farmers and also the spinning mills, we have rationalised price ranges,” mentioned PK Agarwal, Chairman and Controlling Director, CCI. The rationalisation has brought CCI cotton price ranges nearer to the market amount.

“Our price ranges are now in parity with the market,” Agarwal explained to BusinessLine. The superior excellent cotton in the market is ranging concerning ₹35,000 and ₹36,000 for every sweet. “Our excellent 29 mm cotton is priced at ₹36,200-36,500,” Agarwal mentioned.

Underneath the new scheme, which will be in drive until June close, CCI has set the lessen base price ranging from ₹35,600 to ₹37,500 a sweet of 356 kg just about every. A lower price of ₹300 is being presented for bare minimum order of 500 bales for every working day. Larger lower price of ₹1,200 is being presented for order of about 2 lakh bales for every working day.

Costs underneath the new scheme are still on the better side by about ₹1,000 for every sweet, mentioned Ramanuj Das Boob, a sourcing agent for mills. “Demand for CCI cotton may select up after arrivals slow down in the days forward,” Boob mentioned.

Revealed on

June 15, 2020

A letter from the Editor

Dear Visitors,

The coronavirus disaster has transformed the planet wholly in the final handful of months. All of us have been locked into our residences, financial action has appear to a around standstill. Every person has been impacted.

Like your favorite small business and monetary newspaper. Our printing and distribution chains have been severely disrupted throughout the nation, leaving readers with no accessibility to newspapers. Newspaper shipping and delivery agents have also been not able to service their shoppers simply because of several limitations.

In these challenging situations, we, at BusinessLine have been operating continually just about every working day so that you are knowledgeable about all the developments – irrespective of whether on the pandemic, on plan responses, or the effect on the planet of small business and finance. Our crew has been operating spherical the clock to maintain keep track of of developments so that you – the reader – gets precise facts and actionable insights so that you can secure your jobs, enterprises, funds and investments.

We are trying our finest to make certain the newspaper reaches your hands just about every working day. We have also ensured that even if your paper is not delivered, you can accessibility BusinessLine in the e-paper structure – just as it seems in print. Our web page and applications way too, are current just about every moment, so that you can accessibility the facts you want anyplace, at any time.

But all this arrives at a heavy price. As you are knowledgeable, the lockdowns have wiped out nearly all our full income stream. Sustaining our excellent journalism has turn out to be exceptionally tough. That we have managed so considerably is many thanks to your support. I thank all our subscribers – print and digital – for your support.

I enchantment to all or readers to enable us navigate these tough situations and enable sustain one of the certainly impartial and credible voices in the planet of Indian journalism. Doing so is quick. You can enable us enormously simply just by subscribing to our digital or e-paper editions. We supply numerous cost-effective membership ideas for our web page, which features Portfolio, our investment decision advisory area that gives rich investment decision guidance from our highly competent, in-dwelling Investigation Bureau, the only these crew in the Indian newspaper industry.

A minor enable from you can make a huge change to the lead to of excellent journalism!

Support High-quality Journalism