Q. Recently, Cotton Corporation of India (CCI) was making news for undertaking minimum support price operations for cotton in India. Where are headquarters of Cotton Corporation of India (CCI)?
Answer:
Mumbai
Notes: Mumbai based Cotton Corporation of India (CCI) is the state-owned organization that conducts minimum support price (MSP) procurement operations for cotton. When market prices for fair average quality cotton dip below MSP, CCI steps in to undertake procurement at the MSP rate to safeguard farmer interests. However, CCI cotton purchases have been minimal this year as most market rates exceeded MSP, barring some remote regions. Its role holds significance though, given the plunging cotton prices resulting from infestations like pink bollworm attacks in key producing states.