CCI urged to release cotton lint stock at market price level

The Indian Cotton Federation has urged the Cotton Corporation of India to immediately release cotton lint stock held with it at the ruling market price level.

In a letter to CCI Chairman and Managing Director, Dr P Alli Rani, the Federation said member spinning mills were not getting quality cotton to meet their demand to cope up with the production of yarn and finished goods.

The trade circles have predicted lower cotton crop volume, though the Cotton Advisory Board has predicted production to be 337 lakh bales for the 2018-19 season with a reasonable carry over stock, ICF president J Thulasidhara said in the letter.

Multiple factors were affecting cotton movement and its availability to sustain the continuity of mill consumption with no layoff for labour, usually in the April-September season when supply of raw cotton is stagnant due to low arrivals in the market