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The Cotton Corporation of India as on 15th December, purchased 28.25 lakh quintal cotton at the minimum support price.
The Cotton Corporation of India is the nodal agency to enter the market to buy cotton at the minimum support price fixed by the Government of India. In view of the fall in kapas price below the MSP level, the Corporation has commenced its operation in all the major cotton growing states (except Maharashtra) namely, Punjab, Haryana, Rajasthan, Madhya Pradesh, Gujarat, Andhra Pradesh and Karnataka.
In Maharastra, the State Cooperative Cotton Growers Marketing Federation has commenced its procurement operations under monopoly procurement scheme at guaranteed prices.
As per the first advance estimates for the year 2004-05, the total production of cotton is estimated at 13.85 million bales of 170 kg each.
Shri Kanti Lal Bhuria, Minister of State for Agriculture gave this information in reply to a question in Lok Sabha today.
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