As international prices were ruling lower than Indian prices, CCI had to venture into minimum support price (MSP) operations; CCI procured around 87 lakh bales during 2014-15 season. Global area under cotton is expected to drop by 7 per cent to 31.3 million hectares in 2015-16 and the production by 9 per cent to 23.9 million tonnes.
Cotton| As international prices were ruling.
July 3, 2015 8:09 AM | Skymet Weather Team
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