Cotton Corporation of India is fast unloading its stock of 25 lakh bales and expects to cut inventory to 5 lakh bales before September-end, the close of year 2014-15, even as it gears up for new season. They had bought 87 lakh bales of cotton worth about Rs 17,000 crore from farmers as part of the MSP assurance and has now been auctioning them on electronic platform.
