This evening, the rupee fell 12 paise to settle at 84.85 vs the US dollarAt the close, the Sensex was up 1.59 points or 0.00 per cent at 81,510.05, and the Nifty was down 8.95 points or 0.04 per cent at 24,610.05. About 1970 stocks advanced, 1828 declined and 122 stocks remained unchanged.Read More :- Cotton purchases surge as soybean sales slow, with just three weeks remaining until the end of the buying season.
Cotton purchase increased, soybean slowdown, only 3 weeks left for purchase to endThe purchase of cotton at the support price in the district has increased, but the pace of soybean purchase is slow. While it has been seven weeks since the purchase started. So far only 6 thousand quintals of soybean have been purchased in the district. Here, CCI's cotton purchase has picked up pace. So far, CCI has purchased 30 thousand quintals of cotton in Khandwa and Mundi Mandi.Purchase of soybean and cotton continues in the district at the support price. Soybean is being purchased at 8 centers in the district from October 25, while cotton is being purchased by the Cotton Corporation of India in the Upaj Mandi and Mundi Upaj Mandi located in Khandwa. But farmers are giving more importance to the purchase of cotton when they get higher prices than the market, whereas in the case of soybean's government price being lower than the market and not getting cash payment, farmers are keeping distance from the purchase centers.This situation has arisen because the situation of soybean purchase in the district is bad because the farmers are not ready to sell the produce on the strict rules made by the government for purchase. They are not even getting cash payment for selling the produce. The situation is such that till now 393 farmers have sold only 6 thousand 755 quintals of cotton to the government at the government price.The purchasing situation at eight centers in the last seven weeks is not good. Farmers have sold only 6 thousand 755 quintals of soybean at these centers till now. According to the District Marketing Association, till 9th December, 338 quintals of produce have been purchased at the Central Warehouse of Tehsil Cooperative Agricultural Marketing Association Marketing Khandwa, 122.50 quintals at the center Jai Bhole Warehouse Gudi Kheda of Tehsil Cooperative Agricultural Marketing Association Marketing Khandwa, 2724 quintals at Krishna Warehouse of Seva Sahakari Samiti Pandhana, 992 quintals at Mantri Warehouse in Harsud Co-operative Marketing Society, New Harsud, 1631 quintals at Shri Balaji Warehouse Kehlari of Seva Sahakari Samiti Mundi, 265 quintals at Siddhi Warehouse of Seva Sahakari Samiti Gambhir, 117 quintals at Dheer Warehouse of Krishak Cooperative Marketing & Processing Committee Khalwa and 608 quintals of produce have been purchased at Akshita Agro Warehouse Punasa located at Seva Sahakari Samiti Richfal.Read more : Rupee Falls 7 Paise to 84.73 vs US Dollar
Rupee drops 7 paise against the US dollar to 84.73.Mumbai, Dec 9 (PTI) The rupee fell 7 paise to trade at 84.73 against the US dollar in early trade on Monday dragged down by foreign fund outflows and a muted trend in domestic equities.Read More :> Telangana's first cotton research centre to come up in Adilabad
The rupee declined by 4 paise to close at 84.73 against the dollar this evening.At the close, the Sensex was down 200.66 points or 0.25 per cent at 81,508.46, and the Nifty was down 58.80 points or 0.24 per cent at 24,619.00. About 2222 stocks advanced, 1692 declined, and 151 stocks remained unchanged.Read more:- Climate, pests and alternatives are ruining cotton farming
In early trading, the rupee drops 5 paise to 84.71 against the US dollar.Sensex falls 250 pts to 81,450Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading lower on Monday.At 10 AM, the BSE Sensex was 170 points, or 0.21 per cent lower, at 81,538, while the Nifty 50 was at 24,623, down 53.90 points, or 0.22 per centRead More :>Climate, pests and alternatives are ruining cotton farming
Cotton farming is being destroyed by the climate, pests, and substitutes.BATHINDA : The area under cotton cultivation in Punjab has declined sharply over the past decade, owing to erratic rainfall, extreme temperatures during the growing season, pest infestations and a shift towards more profitable crops. Union Minister of State for Textiles Pabitra Margherita highlighted these challenges in a written reply to Punjab MP Raghav Chadha in the Rajya Sabha on Friday.To address these issues, the Department of Agriculture and Farmers Welfare has been implementing the Cotton Development Programme under the National Food Security and Nutrition Mission (NFSNM) since financial year 2014-15. It aims to increase the production and productivity of cotton in its 15 major producing states, including Punjab.Increasing the minimum support price (MSP) is the first measure, followed by timely water supply from canals, financial assistance during pink bollworm outbreaks and subsidy on seeds. The Indian Council of Agricultural Research (ICAR) organised training, field visits and demonstrations to disseminate best practices for managing pests and diseases. Under the crop diversification programme for the year 2024-25, it conducted 6,000 demonstrations to promote sustainable farming practices.The Cotton Corporation of India (CCI) plays a key role in stabilising cotton prices by procuring the crop at MSP when market prices fall below the threshold. However, the procurement volume has declined significantly in recent years, from a procurement of 3.56 lakh bales in 2019-20 to only 38,000 bales in 2023-24.Chadha blamed climate challenges, pest infestation and soil degradation for the decade-long decline in Punjab's cotton crop. He asked the central government about its plans to address these challenges and provide targeted technical and financial support to promote sustainable cotton cultivation in the region. Minister Margherita acknowledged the decline and outlined initiatives, including higher MSP and financial relief, to aid farmers.Read More :> Telangana's first cotton research centre to come up in Adilabad
Adilabad will host Telangana's first cotton research centerAdilabad: The Indian Council of Agricultural Research (ICAR) has approved setting up of an All India Coordinated Research Project (AICRP) centre on cotton in Adilabad district. It is the first research centre in Telangana and will start operations in 2025 with dedicated budget allocation.Adilabad, the second largest producer of cotton in the state, will benefit immensely from this initiative. The centre aims to provide national-level information on improved cotton seed varieties, enhance research infrastructure and strengthen the scientific community. It will also maintain direct coordination with the central office in New Delhi.The centre will serve as an important resource for farmers, providing guidance on modern farming methods through field visits and training programmes. It will also raise awareness about advanced agricultural techniques and support the farming community in improving productivity and profitability.During the combined Andhra Pradesh era, despite Telangana having a larger area for cotton cultivation, research centres were set up mainly in Andhra regions like Guntur and Nandyal.Telangana currently has cotton cultivation on around 54 lakh acres, of which 8 lakh acres come from the erstwhile Adilabad district. Cotton from the district is exported to international markets. In contrast, Andhra Pradesh has cotton cultivation on around 10 lakh acres, yet more research centres were allotted here in the past.After the formation of Telangana, activists of Osmania University Joint Action Committee (OUJAC) led by Dr E Dattatri staged protests and submitted memos to state and central officials demanding a research centre in Adilabad. Following their efforts, the state government approved the proposal and forwarded it to the Centre, resulting in ICAR approval.Expressing gratitude, Dr Dattatri said the establishment of the research centre is a significant achievement for farmers, especially in Adilabad. “This centre will provide information on national-level cotton seed varieties, enhance infrastructure and strengthen the scientific community. Our team has worked tirelessly for over two years, submitting petitions and meeting leaders across party lines,” he said.This centre is set to transform cotton cultivation in Adilabad, making it a hub of innovation and growth for the cotton industry in Telangana.
The rupee closed 4 paise higher at 84.69 against the US dollar.The Sensex closed 56.74 points or 0.07 per cent lower at 81,709.12, and the Nifty closed 30.60 points or 0.12 per cent lower at 24,677.80. At the time of closing, 2298 stocks advanced, 1529 declined and 98 stocks remained unchanged.Read more:- ICAR : nod for 2 cotton reaserch centres in T, ops bings next FY .
ICAR: approves two cotton research centers in T, operations bings for the upcoming fiscal year.Hyderabad : The Indian Council of Agricultural Research (ICAR) has sanctioned creation of two All India Coordinated Research Project Centres on cotton (AICRP) in Telangana.The decision comes following a recent meeting of Professor Jayashankar Telangana Agricultural University (PJTAU) vice chancellor professor Aldas Janaiah with ICAR director general Himanshu Pathak and deputy DG TP Sharma in New Delhi where he highlighted the critical role of cotton research in Telangana.He advocated PJTAU's inclusion in the national cotton research coordination initiative and proposed the establishment of two centres in the state: a primary centre in Warangal and a secondary centre in Adilabad.After the formation of a separate Telagnana in 2014, the state had witnessed a reduced representation within the national cotton research coordination centres. Consequently, PJTAU was unable to engage in national cotton research framework for the past 10 years, said officials.ICAR consented to the establishment of these two centres and will allocate staff and funding to bolster cotton research at PJTAU. Research at the centres will begin in the next financial year, officials said.ICAR gave nod to 2 centres: Primary centre in Warangal & a secondary centre in Adilabad. ICAR will also allocate staff & funding to bolster cotton research at PJTAURead more :>Farmers of Asifabad are facing various difficulties while preparing and picking the ripened cotton crop
Early trading sees the rupee rise to 84.66 versus the US dollar.Sensex falls! But these stocks are up over 5% on BSEA number of stocks surged as much as 5% or more in Friday's trade on Dalal Street as benchmark Sensex traded 151.24 points down at 81614.62 level on account of selling in frontline bluechip counters.Read More :> Decline in cultivated acreage: Cotton arrivals in Punjab drop fivefold compared to last year
This evening, the rupee closed at 84.73 against the dollar, unchangedAt the close, the Sensex was up 809.53 points or 1.00 per cent at 81,765.86, and the Nifty was up 240.95 points or 0.98 per cent at 24,708.40. Around 2050 stocks advanced, 1758 declined and 113 stocks remained unchanged.Read More :- Decline in cultivated acreage: Cotton arrivals in Punjab drop fivefold compared to last year
Rupee rises to 84.71 against US dollar in early tradeSensex climbs to 81,198.87; Nifty rises to 24,539.95 in early tradeBenchmark Sensex advanced 110 points in a choppy trade on Wednesday, extending its gains to the fourth day in a row helped by buying in HDFC Bank, ICICI Bank and fresh foreign fund inflowsRead More :> Decline in cultivated acreage: Cotton arrivals in Punjab drop fivefold compared to last year
This evening, the rupee closed at Rs 84.74 against the dollar with a weakness of 5 paise.The BSE Sensex closed at 80,956.33 today with a gain of 110.58 points or 0.14 percent. Apart from this, the NSE Nifty closed at 24,467.45 with a gain of 10.30 points. Today, a good rise was registered in the Bank Nifty and it closed at the level of 53,266, jumping 571.15 points or 1.08 percent. This sector has supported the market.Read more:- Decline in cultivated acreage: Cotton arrivals in Punjab drop fivefold compared to last year
Reduced cultivated acreage: Punjab's cotton imports are five times lower than they were the previous year.Punjab : This decline comes after a significant decline in cotton cultivation acreage during the kharif season, which has fallen to an all-time low of around 95,000 hectares due to persistent pest attacks since 2021.Cotton arrivals in Punjab have fallen sharply this season, with arrivals in the market till November 30 falling to less than a fifth of the 2023 figure, when over 5 lakh quintals of cotton had arrived in the market.This decline comes after a significant decline in cotton cultivation acreage during the kharif season, which has fallen to an all-time low of around 95,000 hectares due to persistent pest attacks since 2021.Data from the Punjab Mandi Board shows that the key kharif crop has recorded the lowest arrivals in seven years (since 2018), with only 1.23 lakh quintals of cotton reaching the markets till November 30, even as experts were expecting a revival in production.Cotton, popularly known as 'white gold', remains the economic backbone of the semi-arid regions of Punjab. Officials claim that private buyers are buying cotton at prices higher than the minimum support price (MSP), with long-staple cotton reaching ₹7,020 per quintal and medium-staple cotton reaching ₹7,271 per quintal.The Cotton Corporation of India (CCI), a central agency that buys cotton at rates below the MSP, has not entered the market, indicating that the buying trend is in favour of farmers.Industry experts say farmers may hold back their cotton crop in anticipation of higher rates due to lower production.Last year, 15.73 lakh quintal of cotton was procured in the mandis of Malwa region.However, the current arrival trend has raised concerns among experts as the kharif crop yield has declined for the fourth consecutive season this year.Muktsar chief agriculture officer and nodal officer for cotton producing districts Gurnam Singh on Tuesday said there was no pest infestation this year and initial assessment suggests that the overall production may be encouraging despite a significant reduction in acreage. "It has been a disappointing season due to inadequate rainfall and inadequate care of fields by cotton growers.The state authorities have not yet taken any steps to promote cultivation of this traditional crop in the arid areas of Punjab," Singh said. Vinay Pathania, assistant professor (plant protection) at Bathinda Krishi Vigyan Kendra (KVK), said whitefly was initially found in cotton fields. Later, pink bollworm was also detected. "But the pest attack did not pose any serious threat to the crop. Timely detection and use of pesticides saved the crop," he said. Jagseer Singh, chief agriculture officer, Bathinda, said against the average yield of 8 quintals an acre, it dropped to 4-5 quintals this year. "Farmers are disappointed with the poor yield trend from 2021, which has led to a significant reduction in the area devoted to cotton cultivation. Fearing another pest infestation, many farmers are hesitant to provide their crops with the required nutrients. Though pest management measures proved effective this time, the delayed attention to crop care came too late. Plant growth was low due to nutrient deficiencies and scanty rainfall, affecting the yield," he said.Read More :> Farmers of Asifabad are facing various difficulties while preparing and picking the ripened cotton crop
Against the US dollar, the rupee opens flat at 84.68. Sensex 350 pts higher at 81,200; Nifty at 24,550; IT, financials leadBenchmark Indian equity indices BSE Sensex and Nifty 50 were trading higher on Wednesday, tracking firm global cues.At 10 AM, the BSE Sensex was 343.82 points, or 0.43 per cent higher at 81,189.57, while the Nifty 50 was at 24,544, up 86.95 points, or 0.36 per cent. Read More :> Farmers of Asifabad are facing various difficulties while preparing and picking the ripened cotton crop
Asifabad farmers are having a lot of trouble getting ready and harvesting the mature cotton cropTelangana : While the cotton crop is ready for harvesting, going to the fields to cut the cotton ears has become a risky job as more than one tiger is lurkingKumram Bheem Asifabad: Cotton cultivating farmers in several villages of the district are in a do or die situation. While their cotton crop is ready for harvesting, going to the fields to cut the cotton ears has become a risky job as more than one tiger is lurking. A woman has already lost her life in a tiger attack while another farmer is still hospitalised as he had a narrow escape from the jaws of a big cat.In the winter season, cotton farmers hope to earn a lot of money by harvesting their grown commercial crop but they have to face several hurdles and take loans at exorbitant interest rates. They grow the crop by working day and night for four months. To grow and protect the crop, they have to face health problems due to spraying of toxic pesticides, heavy rains and cold weather.If the cotton crop, considered as 'white gold', is not harvested in the months of November and December, farmers cannot survive. They have to sell the produce to the trader and repay the loan. They have to invest the earnings and rent out the fields for another season. They have to keep money ready for many needs of themselves and their family members in a year.K Narayan, a farmer from Sirpur (T), said, "Farmers have a lot of expectations from the cotton crop. They use the profits from cotton cultivation for the education and marriage of their children, buying essential items, buying jewelry for their wives, medical services and other emergencies. For them, the barns are a part of their lives."However, harvesting cotton crop is now fraught with danger for farmers as tiger movement has increased and some of the big cats are attacking them. Still, they are forced to risk their lives to collect cotton balls even as forest officials advise them not to go to the fields to harvest cotton in view of the possibility of tiger attacks."Despite repeated warnings, cotton producing farmers are reaching the fields at 8 am. They are not showing interest in leaving the fields even though field staff is explaining to them the consequences of their work. We are in a helpless situation," said an official who flew a drone camera to monitor the movements of the tiger that killed Morale Laxmi (21) at Isgaon village in Kagaznagar mandal on Friday. According to officials, tigers are increasingly roaming the fields in search of mates and territory for breeding in winter. They consider cotton fields as their hideout. If a person bends down to pick up a ball, they pounce on him thinking he is prey.
This evening, the rupee gained 1 paisa against the dollar, closing at 84.69The BSE benchmark Sensex jumped 597.67 points or 0.74 per cent to close at 80,845.75. During the day's trade, it rose 701.02 points or 0.87 per cent to 80,949.10.The NSE Nifty rose 181.10 points or 0.75 per cent to 24,457.15.Read More :- Cotton Farmers Anticipate Better Prices with New Government in Place
In early trading, the rupee falls to a record low of 84.76 against the US dollar.BSE Sensex was up 231 points, or 0.29 per cent, at 80,479.05Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading higher on Tuesday, amid firm global cues.At 10 AM, the BSE Sensex was up 231 points, or 0.29 per cent, at 80,479.05, while the Nifty 50 was at 24,336, higher by 60 points, or 0.25 per centRead More :> Cotton Farmers Anticipate Better Prices with New Government in Place
The Indian rupee on Monday closed at a new record low of 84.70 per dollar, down 21 paise from Friday's close of 84.49.The BSE benchmark Sensex closed 445.29 points, or 0.56 per cent, higher at 80,248.08. The Nifty 50 opened flat and after initial volatility turned positive to close at 24,276.05, up 144.95 points, or 0.60 per cent.Read more:- Cotton Farmers Anticipate Better Prices with New Government in Place
Cotton Growers Hope for Higher Prices Under the New AdministrationNagpur While the recent crash in soybean prices did not significantly impact rural votes for the Mahayuti alliance, cotton farmers are now looking to the new government for relief. Many growers are holding back their cotton harvest, opting not to sell even at the government's Minimum Support Price (MSP) centers, in anticipation of a potential bonus announcement once the new cabinet assumes office. The BJP's election promise to raise soybean MSP from the current ₹4,892 to ₹6,000 has fueled hopes of similar measures for cotton, though no formal announcement has been made. Beyond political assurances, farmers are also banking on practical factors such as reduced national cotton yields and rising global prices. Currently, cotton has an MSP of ₹7,521 per quintal, while private market rates hover between ₹7,000 and ₹7,200. Farmers hope that government intervention, possibly through a bonus declaration during the winter session of the legislature, could push prices to at least ₹8,000 per quintal. MSP is designed to stabilize prices when market rates fall, often prompting private traders to align their offers with the government-set baseline. However, many farmers feel the current MSP does not ensure a reasonable profit margin. At Pandharkawda, cotton grower Gajanan Singedwar shared his perspective: "Yes, the hope for government aid is definitely a key reason why I’m not selling cotton, even at MSP centers." As the new government prepares to take charge, farmers await decisions that could significantly impact their earnings and livelihoods.Read More :> Dr.Chandrasekhar Pemmasani Calls on CCI to Ensure Cotton Procurement from Farmers
| title | Created At | Action |
|---|---|---|
| The rupee declined by 12 paise to close at 84.85 against the dollar this evening. | 10-12-2024 16:32:24 | view |
| Cotton purchases surge as soybean sales slow, with just three weeks remaining until the end of the buying season. | 10-12-2024 11:58:57 | view |
| Rupee Falls 7 Paise to 84.73 vs US Dollar | 10-12-2024 10:29:20 | view |
| This evening, the rupee closed at Rs 84.73 per dollar, down 4 paise. | 09-12-2024 16:42:22 | view |
| Rupee falls 5 paise to 84.71 against US dollar in early trade | 09-12-2024 10:22:19 | view |
| Climate, pests and alternatives are ruining cotton farming | 07-12-2024 11:15:04 | view |
| Telangana's first cotton research centre to come up in Adilabad | 07-12-2024 11:09:03 | view |
| The rupee ended 4 paise stronger at 84.69 against the US dollar. | 06-12-2024 16:22:30 | view |
| ICAR : nod for 2 cotton reaserch centres in T, ops bings next FY . | 06-12-2024 12:13:26 | view |
| Rupee rises to 84.66 against US dollar in early trade | 06-12-2024 10:23:11 | view |
| The rupee closed unchanged at 84.73 against the dollar this evening | 05-12-2024 16:16:34 | view |
| Rupee rises to 84.71 against US dollar in early trade | 05-12-2024 10:23:14 | view |
| This evening, the rupee ended at Rs 84.74 against the dollar, showing a decline of 5 paise. | 04-12-2024 16:54:28 | view |
| Decline in cultivated acreage: Cotton arrivals in Punjab drop fivefold compared to last year | 04-12-2024 12:25:30 | view |
| Rupee opens flat at 84.68 against US dollar | 04-12-2024 10:27:39 | view |
| Farmers of Asifabad are facing various difficulties while preparing and picking the ripened cotton crop | 03-12-2024 17:35:22 | view |
| The rupee strengthened by 1 paisa to close at 84.69 against the dollar this evening | 03-12-2024 16:20:06 | view |
| Rupee Hits Record Low Of 84.76 Against US Dollar In Early Trade | 03-12-2024 10:18:47 | view |
| On Monday, the Indian rupee ended at a record low of 84.70 against the dollar. | 02-12-2024 16:43:38 | view |
| Cotton Farmers Anticipate Better Prices with New Government in Place | 02-12-2024 10:39:58 | view |
