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Our Bureau

Coimbatore , June 15

COTTON Corporation of India (CCI) has launched its market intervention in Tamil Nadu by starting purchases at minimum support price (MSP) in two southern cotton centres of Paramakudi and Rajapalayam today.

According to CCI official circles here, on the first day of MSP operation at Paramakudi, 50 quintals of kapas were bought from the farmers and most of the cotton bought at this centre belonged to LRA 5116 variety.

The details of the transaction made at Rajapalayam centre is not available immediately.

CCI's entry into direct cotton purchases in the State, happening after more than 15 years or so, comes in the wake of depressed cotton prices scenario for the summer cotton forcing the State agriculture department to appeal to the CCI to enter the market.

The arrival of summer crop has just hit the State which is expected to peak out by this month-end/early next month.

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