India: CCI ramps up MSP cotton purchases as arrivals surge; quality worries deepen
Cotton arrivals are rising sharply, keeping market prices below MSP and pushing CCI's daily procurement beyond 1 lakh bales. Total purchases have already crossed 8 lakh bales. But unseasonal rains have hit fibre quality across key states, widening grade-wise price gaps. Traders and ginners face rising rejection risks while spinning millers continue preferring imported high-grade cotton.