Cotton prices may stay way above minimum support levels in 2021-22 cotton year

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Along with cutting India’s cotton exports, high cotton prices will reduce the central government’s procurement budget for cotton to a miniscule amount from the Rs 55,000 crore spent collectively on cotton procurement during the previous two cotton seasons, said trade and industry veterans at a webinar organized by Cotton Association of India (CAI), the apex trade body of cotton.

from Agriculture-Economy-News-Economic Times https://ift.tt/2YtIo7A

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