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The Southern India Mills’ Association

Committed to Foster the Growth of the Textile Industry

Cotton Players Expect Sharp Decline In Domestic Cotton Demand On MSP Hike

The Confederation of Indian Textile Industry (CITI) stated the cotton MSP hike would make domestic fibre relatively expensive compared with international prices. CITI has requested the Centre to establish a delivery mechanism for the industry to procure raw material at reasonable prices.
The officials stated that in the recent years, it has been seen that Indian cotton MSP acts as a price floor for the global fibre as well, given Indias status as the largest producer and the second largest consumer. Accordingly, higher prices are expected to support output, not just in India but also across the world.