There is no scarcity of cotton in the
domestic market, said CCI in the response of demand proposed by the
textile industry to immediate release of the stocks procured by CCI.
Textile bodies like Texprocil and CITI believes that there has been a
supply deficit created due to the record procurement by CCI this season
which has lead the fiber price to shoot up and the scarcity of the
quality cotton in the market. Whereas CCI believe that due to the bumper
production and lesser export availability is still higher, despite the
record procurement and there is no supply deficit as such. CCI said it
has started selling of the fiber and releases 40,000-50,000 bales a day.
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