Recent News

Indian Rupee Falls 15 Paise to Close at 94.94 Against US Dollar.The Indian rupee weakened by 15 paise against the US dollar on Friday, closing at ₹94.94 per dollar.The domestic currency opened at ₹94.79 against the US dollar and fluctuated throughout the trading session. It eventually closed at ₹94.94, down 15 paise from the opening level.At close, the Sensex was down 125.56 points or 0.17 percent at 73,123.83, and the Nifty was down 87.65 points or 0.39 percent at 22,600.00. About 797 shares advanced, 3275 shares declined, and 114 shares unchanged.read more :- Ex-Gin Cotton Prices Jump ₹4,000 per Candy, Worry Tamil Nadu Mills

*Ex-gin cotton prices surge by ₹4,000 per candy; concerns rise among over 1,500 textile mills in Tamil Nadu*Tamil Nadu:Cotton prices have seen a sharp rise following the commencement of the 2026-27 cotton marketing season in the country. Over the last 10 days, ex-gin cotton prices have climbed from ₹64,000 to ₹68,000 per candy. This increase of approximately 6.25 percent has sparked concerns regarding rising production costs for more than 1,500 textile mills in Tamil Nadu.Market surge driven by limited cotton arrivalsAccording to Nishant Asher, Secretary of the Indian Cotton Federation, the arrival of new-season cotton in the market has fallen short of expectations. Such a steep rise in prices during October is considered unusual.He noted that several factors are likely contributing to this price surge, including a potential decline in production, some farmers withholding their stock in anticipation of better prices, and the expected reinstatement of import duties effective November 1.Production projected to fall short of demandDurai Palaniswami, Chairman of the Southern India Mills' Association (SIMA), stated that domestic cotton consumption for the 2025-26 season—which ended on September 30, 2026—stood at 33.6 million (336 lakh) bales. During that period, 6.7 million (67 lakh) bales were imported, with a closing stock of approximately 4 million (40 lakh) bales remaining at the end of the season.He projected that for the current season, cotton demand is expected to reach 36 million (360 lakh) bales, while production is estimated at around 26 million (260 lakh) bales. This gap between demand and production is likely to provide support to prices.Concerns over rising costs for the textile industry due to import dutiesAccording to Palaniswami, while higher cotton prices may offer better returns to farmers, they also raise concerns regarding increased costs for the textile industry. However, the reintroduction of import duties could increase raw material costs for textile mills. This raises concerns that the competitiveness of the Indian textile industry in the international market might be affected.They emphasized the need for the government to adopt a balanced policy that takes into account the interests of both farmers and the textile industry.read more :-   ndhra Cotton Prices May Reach ₹10,000A

Anticipated Decline in Cotton Production in Andhra Pradesh; Farmers Expect Prices to Reach Up to ₹10,000 per QuintalVijayawada, Andhra Pradesh: Adverse weather conditions in Andhra Pradesh are expected to impact cotton yields. Anticipating a potential shortfall in production, private traders have begun reaching out to farmers in cotton-growing villages. Consequently, farmers are hopeful that cotton prices could reach between ₹9,000 and ₹10,000 per quintal during the current season.Expectations of Better Prices Amidst Anticipated Low YieldCotton yields are expected to decline due to weather-related risks. Farmers believe that if market arrivals remain low and competition among traders to procure the produce intensifies, prices could see a significant surge.According to a female farmer from the Karampudi area in Palnadu district, many farmers suffered financial losses last season due to low prices. This year, they are hopeful for better returns—enough to cover cultivation costs and generate some profit.Last Season, Cotton Had to Be Sold Below MSPFarmers reported that during the previous season, some were forced to sell their cotton at prices ranging from ₹4,000 to ₹5,000 per quintal. Technical issues—such as difficulties with registration, slot booking, and online record-keeping within the Cotton Corporation of India (CCI) procurement process—prevented some farmers from selling their produce at the Minimum Support Price (MSP).Driven by urgent financial needs, many farmers were compelled to sell their cotton to private traders at lower prices.MSP for Cotton for the 2026-27 SeasonAccording to available reports, the central government has set the MSP for medium-staple cotton at ₹8,267 per quintal and for long-staple cotton at ₹8,667 per quintal for the 2026-27 season.Meanwhile, the CCI is currently preparing for the procurement process. Farmers want the technical issues from the previous season to be resolved so that there are no hurdles in the registration and procurement process this time around.In the coming months, weather conditions, cotton yields, and the trend of market arrivals could influence prices.read more :- The rupee opened 3 paise stronger against the dollar at 94.79.

On October 23, the Indian rupee opened with a marginal gain against the US dollar. After closing at 94.82 on Wednesday, the rupee opened at 94.79 per dollar today.The BSE Sensex opened at 73,665.64, compared to its previous close of 73,249.39, while the NSE Nifty 50 began the session at 22,742.20, against its previous close of 22,687.65.Read More :-  Indian Rupee Falls 36 Paise to Close at 94.82 Against US Dollar.

The Indian rupee weakened by 36 paise against the US dollar on Thursdsay, closing at ₹94.82 per dollar.The domestic currency opened at ₹94.46 against the US dollar and fluctuated throughout the trading session. It eventually closed at ₹94.82, down 36 paise from the opening level.At close, the Sensex was down 460.30 points or 0.62 percent at 73,249.39, and the Nifty was down 123.70 points or 0.54 percent at 22,687.65. About 1323 shares advanced, 2670 shares declined, and 155 shares unchanged.read more :- Drought Threatens Adilabad Cotton Yields

Drought Threatens Cotton Crop in Adilabad, Telangana; Farmers Fear Losses Due to Declining YieldsAdilabad, Telangana: The cotton crop in the Adilabad district of Telangana is being adversely affected by a lack of rainfall and high temperatures. Due to insufficient soil moisture, cotton plants have begun to wither in many areas. Farmers fear that the lack of adequate rain could lead to a significant drop in production this season.Cotton has been cultivated across approximately 4.30 lakh acres in the district. A prolonged dry spell has caused the condition of the crop to deteriorate in several villages. However, the extent of the damage varies depending on soil type, rainfall levels, and the availability of irrigation facilities.Fears of a Decline in Cotton YieldsKareniwal Gopal, a farmer from Tantholi village in the Adilabad rural mandal, stated that he has cultivated cotton on six acres. Despite having access to irrigation, he anticipates a lower yield. According to Gopal, for farmers who lack irrigation facilities, the yield could drop to as low as two quintals per acre.Farmers note that black soil retains moisture for longer periods, which has kept the cotton crop in better condition compared to crops grown in red soil.Expectations of a Rise in Cotton PricesFarmers are hopeful that cotton prices could rise from the Minimum Support Price (MSP) of ₹8,667 per quintal—as mentioned in the initial report—to as much as ₹10,000 per quintal. Whether such an increase will actually occur, however, will depend on market conditions.Meanwhile, the Agriculture Department has prepared a preliminary report on the drought situation and submitted it to the state government.According to the initial report, there is growing concern regarding water availability in the region's irrigation projects. Emphasis is being placed on reserving existing water stocks to meet drinking water requirements.read more :- HTBt Cotton Used by 66% of Surveyed Telangana Farmers

66% of Surveyed Farmers in Telangana Use HTBt Cotton Seeds, Study RevealsHyderabad, Telangana: Herbicide-Tolerant Bt (HTBt) cotton seeds are being used on a large scale in Telangana. According to a study, approximately 66 percent of the farmers surveyed in the state are using these seeds. However, the commercial cultivation of HTBt cotton has not yet received official approval in India.The study was conducted by the South Asia Biotechnology Centre (SABC) in collaboration with the Federation of Seed Industry of India (FSII) and the National Seed Association of India (NSAI). It analyzes the unauthorized cultivation of HTBt cotton, its spread, and its potential impacts.Growing Acreage of HTBt Cotton in the CountryAccording to the study, it is estimated that HTBt cotton is being cultivated on approximately 24 to 30 percent of the total cotton-growing area in the country. The market for these unauthorized seeds is valued at an estimated ₹820 to ₹880 crore.Among the samples examined in the study, 98.2 percent were found to contain at least one genetically modified (GM) trait. Specifically, 72.7 percent of the samples contained the CP4EPSPS protein—associated with glyphosate tolerance—while 53.7 percent contained the Vip3A protein, which is linked to pest resistance.Savings on Weed Control CostsFarmers are increasingly turning to HTBt cotton due to labor shortages and rising costs associated with weed control. Many of the farmers surveyed reported savings of 60 to 80 percent on weed control expenses.However, according to agricultural scientist G.V. Ramanjaneyulu, herbicide tolerance is not a trait that directly increases crop yield. Experts have raised concerns regarding the potential health and environmental risks of glyphosate. They have emphasized the need for independent scientific assessment, monitoring of seed supply, and the provision of safe alternatives for farmers before granting approval for HTBt cotton.read more :- The rupee opened steady at 94.46 against the US dollar.

The rupee opened steady at 94.46 against the US dollar.On October 22, the Indian rupee opened unchanged against the US dollar. It opened at 94.46 per dollar, the same level at which it had closed on Wednesday.The Sensex fell by 500.67 points, or 0.68 percent, to 73,209.02, while the Nifty dropped by 190.20 points, or 0.83 percent, to 22,621.15.

The Indian rupee higher by 32 paise against the US dollar on Wednesday, closing at ₹94.46 per dollar.The domestic currency opened at ₹94.78 against the US dollar and fluctuated throughout the trading session. It eventually closed at ₹94.46, down 32 paise from the opening level.At close, the Sensex was down 143.21 points or 0.19 percent at 73,709.69, and the Nifty was down 77.60 points or 0.34 percent at 22,811.35. About 884 shares advanced, 3361 shares declined, and 157 shares unchanged.read more :- The rupee opened at 94.78 against the dollar, strengthening by 14 paise.

The rupee had closed at 94.92 on Monday; today, it opened at 94.78 per dollar, marking a gain of 14 paise.Indian equity benchmarks opened in the green on Wednesday. In early trade, the Sensex was up by 400 points, while the Nifty showed a gain of 127 points.Read More :-  Kadi Cotton Auctions Open on Dussehra

Gujarat: Cotton Auction Begins at Kadi Cotton Market Yard on Dussehra; Over 800 Maunds Arrive on Day OneKadi (Gujarat): On the occasion of Dussehra, the new cotton season’s trading and auctioning commenced at the Sardar Patel Cotton Market Yard in Kadi, Gujarat. On the very first day of the season, an arrival of over 800 maunds of cotton was recorded at the market yard. During the auction, prices ranged from ₹700 to ₹1,933 per maund, depending on the quality of the cotton.Farmers Arrive with Cotton from Surrounding RegionsWith the start of the new season, farmers from Kadi and surrounding areas—including Viramgam, Detroj, Patdi, Sanand, Surendranagar, Patan, and Becharaji—arrived at the market yard with their cotton produce. The commencement of the auction generated significant enthusiasm among both farmers and traders.Prices varied based on the quality of the cotton. Higher-quality produce fetched better prices, fostering a positive atmosphere in the market.APMC Officials Present at the Auction LaunchThe inaugural event was attended by APMC Chairman Govind Patel, Vice-Chairman Himanshu Khamar, Secretary Kamlesh Trivedi, and several other directors. Local ginning mill operators and cotton traders also participated in the proceedings.Cotton Arrivals Expected to Increase by DiwaliThe start of cotton trading at the Kadi Market Yard is expected to boost business activity within local ginning and oil mill industries. It is anticipated that cotton arrivals will accelerate in the coming days, with operations at local mills expected to ramp up by Diwali.Kadi is one of the major cotton trading hubs in Gujarat. In addition to cotton from within Gujarat, the market also receives supplies from Maharashtra and Andhra Pradesh. During the peak season, it is reported that over 400 vehicles arrive at the yard daily. The start of the new season has brought enthusiasm among farmers, traders, and those associated with the ginning industry. However, cotton prices in the coming days will depend on market demand, quality, and the volume of arrivals.read more :- Maharashtra Cotton Crop Hit by Drought, Yields May Fall Sharply