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Indian Rupee higher 04 Paise to Close at 95.12  Against US Dollar.The Indian rupee higher by 04 paise against the US dollar on Tuesday, closing at ₹95.12 per dollar.The domestic currency opened at ₹95.16 against the US dollar and fluctuated throughout the trading session. It eventually closed at ₹95.12, up 04 paise from the opening level.At close, the Sensex was down 8.08 points or 0.01 percent at 73,598.67, and the Nifty was down 3.45 points or 0.02 percent at 22,749.75. About 2807 shares advanced, 1334 shares declined, and 179 shares unchanged.read more :- India Targets $350 Billion Textile Industry by 2030

Indian Textile Industry Targets $350 Billion by 2030; Rising Costs Pose a ChallengeIndia’s textile industry reached a valuation of approximately $190 billion in the 2025-26 fiscal year. According to an October 2026 report by Rubix Data Sciences, the industry aims to reach $350 billion by 2030. This target refers to the total size of the industry, not just exports.Improvement in ExportsIn the 2025-26 fiscal year, India’s textile and apparel exports declined by 2.7% to $35.8 billion, while imports rose by 17.1% to $9.6 billion. Subsequently, during the April–August 2026 period, textile exports—including handicrafts—grew by 10.3% compared to the same period in the previous year. This growth was recorded in rupee terms.In the 2025-26 fiscal year, ready-made garments accounted for 44% of textile exports, while man-made fiber (MMF) textiles reached a 15% share. The United States remained India’s largest export market, with a 31% share, followed by the European Union with approximately 16%.Pressure from Cotton Yarn PricesAccording to the report, the price of cotton yarn reached approximately ₹400 per kilogram in September 2026, up from about ₹250 per kilogram at the beginning of the year. This represents an increase of nearly 60%, which has driven up production costs for textile manufacturers.India’s cotton production declined from 352.48 lakh bales in 2020-21 to 290.91 lakh bales in 2025-26. The figures for 2025-26 are provisional. The standard weight for each bale is 170 kilograms.The central government had granted an exemption from the 11% customs duty on raw cotton imports for the period from June 1 to October 31, 2026. There were reports suggesting that this exemption might be extended until December; however, in the absence of an official order, this should not be considered a final decision.Investment and ModernizationThe government is considering a five-year 'Textile Expansion and Employment' (TEEM) scheme, with an outlay of ₹40,000 crore. Its objective is to modernize machinery and enhance technology and productivity within traditional textile clusters.Investment proposals for PM MITRA parks had reached ₹68,590 crore by August 2026.Conclusion: While the Indian textile industry holds growth potential, it continues to face significant challenges, including high raw material costs, global trade uncertainties, and issues related to cost competitiveness. Diversifying export markets and pursuing technological modernization will be crucial for future growth.read more :- Pink Bollworm Threatens Haryana Cotton Crop; 40–50% Green Bolls Reportedly Affected in Sirsa

Threat of Pink Bollworm to Cotton in Hisar and Sirsa, Haryana; 40–50% of Green Bolls Reported Affected in SirsaSirsa, Haryana, October 27, 2026: Concerns have been raised regarding the infestation of pink bollworm and other pests in cotton crops across the Hisar and Sirsa districts of Haryana. According to a report published on October 27, the weekly advisory (covering the period from October 15 to 21) issued by the Central Institute for Cotton Research (CICR), Nagpur, indicates that approximately 40–50% of green cotton bolls in Sirsa have been affected. However, this figure could not be independently verified against the original official advisory.The pink bollworm penetrates the cotton bolls, damaging the seeds and fibers, which can negatively impact both crop yield and quality. As per the guidelines provided by ICAR-CICR, farmers should conduct regular inspections by collecting 20 green bolls from various plants during the boll-formation stage. Decisions regarding pest control measures should be based on official advisories, the specific growth stage of the crop, and the level of infestation observed in the field.*Monitoring in Rajasthan and Madhya Pradesh*The report also mentions pest monitoring in the Sri Ganganagar-Hanumangarh and Banswara regions of Rajasthan. In Banswara, issues with sap-sucking pests—such as whiteflies, jassids, and thrips—have been noted. Conversely, the report states that no pink bollworm infestation was detected during monitoring in the Khandwa region of Madhya Pradesh. These regional details should be cross-verified with the original advisory.*Essential Precautions for Farmers*Farmers are advised to conduct regular field inspections and utilize pheromone traps to monitor for the presence of the pink bollworm. Examining green bolls can facilitate the timely detection of an infestation. It is crucial to consult with a local agricultural expert before implementing any pest control measures. Use pesticides only in accordance with the label instructions for products approved for cotton and the specific pest in question. Do not apply chemical treatments without first verifying the correct dosage, the required interval between repeat applications, and the mandatory waiting period before harvest. Removing old cotton stalks and fallen, infested bolls—along with seeking guidance from the local Department of Agriculture or a Krishi Vigyan Kendra (Agricultural Science Centre)—can also be beneficial.Timely monitoring and scientific management can help limit crop damage.read more:- India Faces Cotton Shortage Risk as FTA Deals Boost Export Demand

Concerns Grow Over Potential Cotton Shortage in India; FTAs Signal Surge in Export DemandPune: There are growing concerns that the cotton shortage in India could intensify. The expansion of textile and apparel exports, facilitated by new Free Trade Agreements (FTAs), is expected to drive up demand for cotton in the domestic market. Simultaneously, the potential impact of El Niño and drought conditions threatens to reduce production, which could widen the gap between supply and demand in the upcoming season.Industry estimates suggest that India’s cotton production for the 2026-27 cotton year—ending in September 2027—could decline by 3.4% compared to the previous year. Due to adverse weather conditions, there are projections that production might fall below 28 million bales.In 2025-26, India’s cotton imports reached a record high of an estimated 7.1 million bales, up from 5.74 million bales the previous year. Given that one bale weighs 170 kilograms, this volume of imports is equivalent to approximately 1.207 million tonnes. Meanwhile, domestic cotton prices have reportedly risen by more than 7% over the past month.The current exemption from the 11% import duty on cotton is set to expire on October 31, 2026. The government had granted this relief on raw cotton imports for the period from June 1 to October 31, 2026. A similar exemption had previously been provided between August 19 and December 31, 2025. Uncertainty regarding a potential extension of this exemption has placed upward pressure on prices in the domestic market.According to spot market data, in the new cotton year that began on October 1, 2026, the price of 29-millimeter cotton from Gujarat has increased by ₹4,500 per candy, reaching ₹68,500 per candy. In a letter to Finance Minister Nirmala Sitharaman, The Southern India Mills' Association (SIMA) stated that the country’s cotton consumption in 2025-26 stood at approximately 34 million bales, with imports reaching around 7 million bales. According to the association, price volatility persists due to uncertainty regarding the availability of raw materials.K. Selvaraju, Secretary General of SIMA, noted that there are signs of growing export demand from new markets, including the United Kingdom (UK). Cotton demand in the upcoming season could exceed 36 million bales. He expressed concern that production might fall below 28 million bales due to the impact of El Niño and drought conditions. Furthermore, the implementation of a Free Trade Agreement (FTA) with the European Union (EU)—potentially by 2027—could open up additional opportunities for Indian textile and apparel exports.Pradeep Jain, President of the Khandesh Ginners Association, pointed out that yarn prices have not risen in proportion to the increase in cotton prices, which is negatively affecting the profitability of the ginning industry. Meanwhile, some farmers are holding back their produce in anticipation of higher prices.Additionally, due to a lack of moisture, many farmers harvested their cotton only once this year before clearing their fields for other crops. This is expected to impact both total cotton yield and the availability of high-quality raw material. If a decline in production coincides with an increase in export demand, ensuring an adequate supply of cotton for the Indian textile industry in the coming season could prove challenging.read more:- 

The rupee opened at 95.16 against the dollar, strengthening by 3 paise.The rupee had closed at 95.19 on Monday; today, it opened at 95.16 per dollar, marking a gain of 3 paise.Indian equity benchmarks opened lower on Tuesday. In early trade, the Sensex fell by more than 200 points, while the Nifty declined by 70 points.read more:-  Yavatmal Cotton Prices Reach ₹9,500 per Quintal as Private Traders Increase Procurement

Drought Declared in 4 Districts of Gujarat; Farmers to Receive Assistance of ₹8,500 per HectareThe Gujarat government has announced financial assistance for farmers affected by drought in the districts of Dwarka, Porbandar, Jamnagar, and Kutch. According to available information, eligible farmers will receive assistance at a rate of ₹8,500 per hectare, in accordance with the guidelines of the State Disaster Response Fund (SDRF). This benefit will be limited to a maximum of 2 hectares of cropped area. It has been stated that the distribution of relief will commence on November 1, 2026.Maximum Assistance of ₹17,000 for FarmersBased on the prescribed rate, eligible farmers can receive a total assistance of up to ₹17,000 for a maximum of 2 hectares of cropped area. Farmers owning more than 2 hectares of land will also be eligible for assistance, but only for a maximum of 2 hectares under this provision. The actual disbursement will be made in accordance with government guidelines and eligibility criteria.Provisions for relief have also been outlined for livestock owners in the drought-affected areas. It is reported that assistance of ₹80 per animal, per day, will be provided for a period of two months to facilitate the procurement of animal fodder. Furthermore, it is mentioned that payments at a rate of ₹150 will be made under the 'VB-G Ramji' scheme to provide employment in rural areas. Official confirmation of these provisions is required.305 Talukas in Maharashtra Declared Drought-AffectedIn Maharashtra, the agricultural sector is facing a deepening crisis due to deficient rainfall. According to available reports, the state government declared 265 talukas as drought-affected in September 2026. With the addition of 40 more talukas in October, this figure has risen to 305. This accounts for approximately 85.2% of the state's total 358 talukas.The affected regions encompass several agricultural areas, including Marathwada, Vidarbha, and Nashik. The situation in the Chhatrapati Sambhajinagar division is also reported to be critical due to a lack of rainfall.Relief Measures for Farmers in MaharashtraAccording to reports, the Maharashtra government had announced an advance payment of ₹5,000 to be credited to the bank accounts of drought-affected farmers before Diwali. Furthermore, several relief measures have been outlined, including waivers on land revenue, restructuring of crop loans, a moratorium on the recovery of agricultural loans, concessions on electricity bills for agricultural water pumps, waivers of examination fees for students, and the provision of water tankers and fodder for livestock.The final compensation to be received by farmers will be determined based on an assessment of the losses and established eligibility criteria. Details regarding relief amounts, the list of affected areas, and the status of payments in Gujarat and Maharashtra should be verified through official notifications issued by the respective state governments.read more :- India May Extend Duty-Free Cotton Imports

India May Extend Duty-Free Cotton Imports Until December 2026; Textile Mills Expect ReliefThe Indian government may extend the period for duty-free cotton imports by two months, until December 31, 2026. According to three government and industry sources, this move could help reduce production costs for textile mills, increase the availability of cotton in the domestic market, and keep prices under control. It is also expected to boost cotton imports from the United States, Brazil, and Australia.India—the world’s second-largest cotton producer after China—had previously waived the 11% import duty on cotton for the period from June 1 to October 31, 2026, to bolster domestic supply. However, domestic prices remain high due to an anticipated lower yield this year. Consequently, the textile industry has been advocating for an extension of this duty exemption.Sources familiar with the matter indicate that the government may soon issue an order regarding this, following discussions among various ministries. Under the proposal, the duty-free import facility could be extended at least until the end of December. However, there has been no official confirmation from the government yet. The Ministries of Finance, Commerce, and Textiles did not immediately respond to requests for comment.Typically, the arrival of the new harvest in October leads to a softening of domestic cotton prices. This year, however, prices remain elevated due to erratic monsoon rainfall and an expected decline in production. According to reports, the price of cotton in the domestic market is currently above ₹9,000 per 100 kilograms, while the Minimum Support Price (MSP) set by the government for the new season is ₹8,717. According to Deepanshi Agarwal, a lead analyst at S&P Global, factors such as a potential decline in domestic production, robust demand from the textile industry, and a falling stock-to-use ratio support extending the period of duty-free imports. This ratio is estimated to be around 31%—the lowest level seen in the past five years. However, increased imports could exert downward pressure on domestic cotton prices.Industry estimates suggest that India’s cotton production in 2026-27 could fall below 29 million bales, while demand is expected to exceed 34 million bales. Productivity may also be impacted by the continued use of older genetically modified (GM) seeds and the threat of pest infestations.Nevertheless, factors such as US cotton futures remaining above 83 cents per pound, rising freight costs, and a weaker rupee could limit large-scale imports.Data from the Ministry of Commerce indicates that India’s cotton imports surged by 63% year-on-year to $1.1 billion during the first six months of the current fiscal year. Chandrima Chatterjee, Secretary General of the Confederation of Indian Textile Industry, has called for the continued removal of import duties. According to her, this would reduce costs for manufacturers and help the Indian textile industry compete more effectively against rival nations like Vietnam and Bangladesh.read more :- Indian Rupee Falls 26 Paise to Close at 95.19 Against US Dollar.

Indian Rupee Falls 26 Paise to Close at 95.19 Against US Dollar.The Indian rupee weakened by 26 paise against the US dollar on Monday, closing at ₹95.19 per dollar.The domestic currency opened at ₹94.93 against the US dollar and fluctuated throughout the trading session. It eventually closed at ₹95.19, down 26 paise from the opening level.At close, the Sensex was up 482.92 points or 0.66 percent at 73,606.75, and the Nifty was up 153.20 points or 0.68 percent at 22,753.20. About 2262 shares advanced, 1895 shares declined, and 186 shares unchanged.read more :-CCI Cotton Sales Reach 99.29 Lakh Bales

State-wise CCI Cotton Sales Details – 2025-26 SeasonThe Cotton Corporation of India (CCI) increased its cotton candy prices by upto ₹600 per candy during this week . CCI has sold approximately 99,29,500 cotton bales for the 2025-26 season. Sales are highly concentrated in a few major cotton-producing states, Maharashtra, Telangana and Gujarat emerging as the leading contributors.

Cotton prices reach ₹9,500 per quintal in Yavatmal, Maharashtra; private trader procurement on the riseYavatmal, Maharashtra: Farmers in the Yavatmal district of Maharashtra are feeling optimistic following reports that cotton prices in the private market have reached ₹9,500 per quintal. Traders from Rajasthan and Madhya Pradesh are also showing interest in purchasing cotton. Attracted by better prices in the private market, farmers are increasingly turning toward private traders.Cotton procurement is currently underway in various parts of the district, including Ralegaon, Pandharkawada, Maregaon, and Ghatanji. The Ralegaon Agricultural Produce Market Committee (APMC) is one of the district’s primary cotton procurement hubs; last season, approximately 1 million (10 lakh) quintals of cotton were purchased there. Private traders remain highly active this year as well.19 CCI procurement centers proposed for Yavatmal districtThe Cotton Corporation of India (CCI) has planned to establish 19 centers in the district to procure cotton at the Minimum Support Price (MSP). The proposed locations include Arni, Darwha, Digras, Ghatanji, Pandharkawada, Kalamb, Mahagaon, Maregaon, Ner, Pusad, Ralegaon, Khairi, Babulgaon, and Wani.Due to the better prices available in the private market, farmer interest in registering at the CCI procurement centers is reportedly low. However, the actual volume of cotton procured at government centers will depend on how these centers operate and the prevailing market prices.Cotton prices to be determined by market arrivals and demandIn the coming days, cotton prices may be influenced by trader demand, the arrival of the new harvest, and overall production levels. The gap between private market prices and the government’s Minimum Support Price (MSP) will also play a key role in shaping farmers' decisions regarding where to sell their produce.For now, the prospect of receiving up to ₹9,500 per quintal in the private market has raised hopes among farmers for better earnings. However, the actual price may vary depending on the quality of the cotton, its moisture content, and local demand.read more:-  Maharashtra Cotton Crop Damage: Production May Fall by 50% Due to Drought and Heat

Cotton prices reach ₹9,500 per quintal in Yavatmal, Maharashtra; private trader procurement on the riseYavatmal, Maharashtra: Farmers in the Yavatmal district of Maharashtra are feeling optimistic following reports that cotton prices in the private market have reached ₹9,500 per quintal. Traders from Rajasthan and Madhya Pradesh are also showing interest in purchasing cotton. Attracted by better prices in the private market, farmers are increasingly turning toward private traders.Cotton procurement is currently underway in various parts of the district, including Ralegaon, Pandharkawada, Maregaon, and Ghatanji. The Ralegaon Agricultural Produce Market Committee (APMC) is one of the district’s primary cotton procurement hubs; last season, approximately 1 million (10 lakh) quintals of cotton were purchased there. Private traders remain highly active this year as well.19 CCI procurement centers proposed for Yavatmal districtThe Cotton Corporation of India (CCI) has planned to establish 19 centers in the district to procure cotton at the Minimum Support Price (MSP). The proposed locations include Arni, Darwha, Digras, Ghatanji, Pandharkawada, Kalamb, Mahagaon, Maregaon, Ner, Pusad, Ralegaon, Khairi, Babulgaon, and Wani.Due to the better prices available in the private market, farmer interest in registering at the CCI procurement centers is reportedly low. However, the actual volume of cotton procured at government centers will depend on how these centers operate and the prevailing market prices.Cotton prices to be determined by market arrivals and demandIn the coming days, cotton prices may be influenced by trader demand, the arrival of the new harvest, and overall production levels. The gap between private market prices and the government’s Minimum Support Price (MSP) will also play a key role in shaping farmers' decisions regarding where to sell their produce.For now, the prospect of receiving up to ₹9,500 per quintal in the private market has raised hopes among farmers for better earnings. However, the actual price may vary depending on the quality of the cotton, its moisture content, and local demand.read more:-  Rupee Opens 1 Paisa Higher at 94.93 Against US Dollar; Sensex, Nifty Fall