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The Indian rupee weakened by 15 paise against the US dollar on Wednesday, closing at ₹95.15 per dollar.The domestic currency opened at ₹95.00 against the US dollar and fluctuated throughout the trading session. It eventually closed at ₹95.15, down 15 paise from the opening level.At close, the Sensex was down 251.89 points or 0.34 percent at 72,781.89, and the Nifty was down 99.25 points or 0.44 percent at 22,622.70. About 2351 shares advanced, 1694 shares declined, and 129 shares unchanged.read more :- US Cotton Harvest Reaches 31%; Boll Opening at 82% 

US Cotton Harvesting Accelerates; 31% Complete; 82% of Crop Bolls OpenAccording to the USDA's Crop Progress Report for the week ending October 11, 2026, cotton harvesting in the US has picked up pace. Harvesting is 31% complete across the country's 15 major cotton-producing states, up from 23% the previous week. However, the harvest progress is only 2 percentage points ahead of the five-year average of 29%.*Cotton Boll Opening Status*The report indicates that 82% of cotton bolls in the US have opened, compared to 74% the previous week. The five-year average stands at 83%. This means boll opening is close to normal levels but remains 1 percentage point behind the average.*Harvesting in Major States*As of October 11, cotton harvesting completion rates were: Louisiana 64%, Mississippi 57%, Arkansas 45%, Arizona 43%, Texas 38%, and Tennessee 35%. Louisiana leads among these states.In contrast, harvesting completion stood at 20% in California, 20% in Missouri, 18% in Virginia, 16% in Georgia, 13% in North Carolina, and 12% in South Carolina. Harvesting progress was recorded at 9% in Kansas and 1% in Oklahoma. *Crop Quality and Condition*According to the USDA, as of October 11, the condition of the US cotton crop is rated as follows: 12% very poor, 24% poor, 30% fair, 28% good, and 6% excellent. Thus, 34% of the crop falls into the good or excellent categories, while 36% is in poor or very poor condition.Compared to the previous week, the share of the crop rated 'good' rose from 27% to 28%, while the 'poor' category declined from 25% to 24%. The 'very poor' category remained steady at 12%.*Conclusion:* Cotton harvesting in the US is progressing rapidly, and the rate of boll opening is close to the five-year average. However, crop quality remains mixed, as 36% of the crop is still in the poor or very poor categories. The market will be closely monitoring the pace of harvesting and actual crop yields in the coming period.read more :- Bhilosa Plans ₹7,500 Crore Textile Investment

Bhilosa Industries Proposes ₹7,500 Crore Investment in Madhya Pradesh; Expected to Create 3,750 JobsMadhya Pradesh: Bhilosa Industries has proposed an investment of up to ₹7,500 crore in the state. This project is expected to generate direct employment for approximately 3,750 people. The company plans to set up a modern textile manufacturing unit at the PM MITRA Park in Dhar district. This initiative is expected to boost the state's textile industry.**Discussion on Investment Between Chief Minister and Company Management**The proposed project was discussed during an investment meeting held at the St. Regis Hotel in Mumbai, attended by Madhya Pradesh Chief Minister Dr. Mohan Yadav and Bhilosa Industries Managing Director Sandeep Jain. Deliberations during the meeting covered investment prospects and various aspects related to industrial development.**Plan to Develop Project on 300 Acres of Land**According to the proposal, the company is in the process of securing approximately 300 acres of land. Of this, 200 acres are earmarked for textile production, while the remaining 100 acres are proposed for the development of ancillary industrial units.The company plans to invest ₹2,500 crore in the first phase. Subsequently, the aim is to increase the total investment to ₹7,500 crore in a phased manner. Production at the facility is expected to commence in 2028.**Boost to Polyester Production and Employment**The project entails developing an integrated polyester production ecosystem in the Dhar-Indore region. It proposes the manufacturing of polyester yarn, fiber, knitted fabrics, and other textile products. This could also create new opportunities for small-scale and ancillary industries.The Central Government has approved seven PM MITRA Parks across the country, including the one in Dhar. These parks aim to foster the textile industry through modern infrastructure and superior logistics facilities. Chief Minister Mohan Yadav assured investors of policy support. The realization of the project is expected to boost the state's textile production capacity, export potential, and local employment opportunities.read more :- The rupee opened at 95.00 against the dollar, strengthening by 28 paise.

The rupee had closed at 95.28 on Tuesday, whereas today it opened at 95.00 per dollar, marking a gain of 28 paise.Indian benchmark indices were trading lower in early trade; the Sensex fell 118.17 points or 0.16 percent to 72,915.61, and the Nifty dropped 53.55 points or 0.24 percent to 22,668.40.Read More :- CCI Cotton Sales Cross 97.16 Lakh Bales

State-wise CCI Cotton Sales Details – 2025-26 SeasonThe Cotton Corporation of India (CCI) increased its cotton candy prices by upto ₹300 per candy during this week . CCI has sold approximately 97,16,500 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.

The Indian rupee weakened by 12 paise against the US dollar on Tuesday, closing at ₹95.28 per dollar.The domestic currency opened at ₹95.16 against the US dollar and fluctuated throughout the trading session. It eventually closed at ₹95.28, down 12 paise from the opening level.At close, the Sensex was up 1,109.10 points or 1.54 percent at 73,033.78, and the Nifty was up 358.60 points or 1.60 percent at 22,721.95. About 2303 shares advanced, 1711 shares declined, and 162 shares unchanged.read more :-  Wet Cotton Raises CCI Procurement Concerns

Excess Moisture in Cotton Adds to Farmers' Woes: Fear of Rejection by CCI and Low Market PricesAnjad, Barwani (Madhya Pradesh). Cotton-growing farmers are facing two major challenges regarding the sale of their produce. On one hand, there is an apprehension that the Cotton Corporation of India (CCI) might reject the produce during procurement at the Minimum Support Price (MSP) due to high moisture content; on the other, there are complaints about receiving low prices from private traders.On Monday, cotton prices at the Anjad Agricultural Produce Market ranged from ₹7,900 to ₹9,510 per quintal. The Rashtriya Kisan Mazdoor Mahasangh has demanded a price of at least ₹11,000 per quintal for farmers. Office-bearers, led by the organization's District President Anil Iske, submitted a memorandum to the market secretary.The organization demanded open bidding among all eligible traders, timely payment to farmers, and the conduct of cotton auctions in the presence of officials at the village Bhagsur.**Apprehension of Government Procurement Being Affected by Moisture**According to reports, moisture content is a crucial factor in CCI procurement. A price range of ₹8,567 to ₹8,569 per quintal is indicated for cotton with approximately 8% moisture. However, if the moisture content reaches 12%, the price could drop to around ₹8,000 per quintal. Government procurement could be adversely affected if moisture levels exceed the prescribed limits.**Procurement at Minimum Support Price Scheduled to Begin on October 15**Reports indicate that cotton procurement at the Minimum Support Price under the CCI's Indore branch is scheduled to commence on October 15. Information has been provided that slot booking for this process will begin at 9:00 AM on October 13. Farmers will be able to book slots via the market, Common Service Centers, or the relevant mobile app.According to District President Anil Iske, many farmers lack adequate space for drying and safely storing their cotton. Due to the risk of fire and pressing financial needs, farmers are unable to hold back their produce. The organization alleges that some traders quote prices ranging from ₹7,000 to ₹8,000 per quintal, citing moisture content.read more :- Cotton Prices Surge on Supply Concerns

Cotton prices surge due to fears of low production and strong demand; Shankar-6 rate hits ₹68,000 per candyThe domestic cotton market has witnessed a surge driven by slow arrivals of the new crop, concerns over reduced production due to scanty rainfall, and robust demand from spinning mills. According to trade sources, cotton prices rose by approximately ₹3,000 to ₹4,000 per candy last week. In Gujarat, the price of Shankar-6 cotton reached around ₹68,000 per candy. The market has also found support as farmers are holding back sales in anticipation of better prices.Domestic market sentiment has strengthened following a rally in December and March cotton futures contracts on the Intercontinental Exchange (ICE) in the international market. Meanwhile, the Cotton Corporation of India (CCI) has raised the auction prices for its cotton stock by ₹500 per candy (356 kg) for the 2025-26 season.**New crop arrivals and price situation**Approximately 5 lakh bales of the new cotton crop arrived across the country during the first nine days of the 2026-27 season. Reports indicate that daily arrivals totaled around 78,000 bales. This included 17,000 bales from North India, 16,000 from Madhya Pradesh, 15,000 from Gujarat, 9,000 from Karnataka, 8,000 from Andhra Pradesh, 7,000 from Maharashtra, and 6,000 from Telangana.According to Atul S. Ganatra, CMD of Radhalakshmi Group, farmers are in no rush to sell, hoping for better prices. In Gujarat, the price of Shankar-6 cotton rose from ₹64,000 on September 30 to ₹68,000 per candy. Market supported by mill demandAccording to Anand Popat of CotYarn Trade Link, prices are being supported by limited supplies and improved demand from spinning mills. However, market volatility may persist due to rising arrivals of the new crop and fluctuations in international prices.According to Ramanuj Das Boob, a cotton sourcing agent in Raichur, demand in the local market remains strong. Cotton prices have reached ₹9,700 per quintal in Raichur and approximately ₹9,200 per quintal in Telangana.read more :- Punjab Rains Damage Paddy, Cotton Crops

Punjab receives 477% more rainfall than normal in 24 hours, damaging paddy and cotton cropsBathinda: Unseasonal rains during the harvest season in Punjab have damaged paddy and cotton crops. The rains flooded several grain markets, soaking paddy heaps, and disrupting the government procurement process. Farmer organizations have demanded an assessment of crop losses and compensation.According to Meteorological Department data, Punjab recorded 2.3 mm of rain in the last 24 hours until 8:30 am on Saturday, compared to the normal rainfall of 0.4 mm. This is 477% more than normal. Fazilka received the highest rainfall of 28 mm. Additionally, Faridkot recorded 9 mm, Muktsar 7.7 mm, and Bathinda 1.3 mm.Waterlogging in markets, affecting paddy procurementFollowing a three-hour storm in Fazilka on Sunday morning, the main grain market was flooded with nearly three feet of water. This caused the paddy stacks to be washed away. Goldy Sachdeva, president of the Fazilka Arhtiya Association, estimated the losses at around ₹15 crore.Arhtiyas and farmers alleged that the lack of adequate drainage and storage facilities contributed to the increased losses. In protest, the Arhtiya Association blocked the Fazilka-Ferozepur National Highway. Rain also caused disruptions in markets in Malout, Mansa, Barnala, and Bathinda.Balkar Singh, a farmer from Rattakheda village in Muktsar, said he had been waiting to sell his crop for the past eight days. The rain has increased moisture in the crop, which is likely to further delay the sale.Heavy rain and storm alert in several districtsPunjab received 40% less rainfall than normal during the southwest monsoon. Despite this, the rain at harvest time has increased farmers' concerns. By October 10, only 12% of the paddy crop had been harvested.The State Disaster Management Authority had issued a warning of thunderstorms, lightning, strong winds of up to 50-60 kilometers per hour, hailstorms, and moderate to heavy rain in several districts over the next 24 hours.Demand for Damage Assessment and CompensationAccording to Gurjeet Singh Brar, Director of the Punjab Agriculture Department, the department is gathering information on crop damage. He warned that waterlogging in fields and further rainfall could affect cotton quality.Meanwhile, Harchand Singh Barsaat, Chairman of the Punjab State Agricultural Marketing Board, stated that adequate arrangements have been made for paddy procurement and that deficiencies in the arrangements will be addressed. He also clarified that there is no ban on storing crops in private yards.Farmer organizations have demanded the government immediately conduct a survey, assess crop losses, and provide compensation to affected farmers.read more :- HTBt Cotton Spreads Across India

Why is unapproved HTBt cotton spreading in India?Cultivation of unapproved herbicide-tolerant Bt (HTBt) cotton is increasing rapidly in India. According to a study by South Asia Biotechnology Center (SABC), it is estimated to be cultivated in 24-30% cotton area of the country, i.e. about 65-72 lakh acres in the Kharif season 2025-26. The main reasons for this are the increasing cost of weed control, shortage of labor and decreasing effectiveness of existing Bt cotton against pests.What is the difference between Bt cotton and HTBt cotton?Bt cotton was approved for commercial cultivation in India in 2002. It contains proteins obtained from bacteria called Bacillus thuringiensis, which protect the crop from certain pests like bollworms. Its use helped in increasing cotton production in the initial years and reducing the use of pesticides.HTBt cotton has the additional trait of insect resistance as well as herbicide tolerance. With this, farmers can use herbicides like glyphosate without harming the crop. However, HTBt cotton has not been approved for commercial cultivation in India.Why are farmers adopting it?According to the SABC study, hand weeding can cost up to ₹12,000-15,000 per acre, while glyphosate-based weed control has an estimated cost of ₹750-850. However, these figures may change according to the region and farming conditions.On the other hand, the development of resistance in pink bollworm against the Cry1Ac and Cry2Ab proteins used in the existing Bollgard-II Bt cotton is reducing its effectiveness. This has increased the demand for alternative technologies among farmers.Reason for decline in cotton productionIndia's cotton production peaked at about 39.8 million bales in 2013-14, while it declined to 29.1 million bales in 2025-26, preliminary government data showed. The main reasons for this include increasing resistance to pink bollworm, adverse weather conditions, crop diseases and reduction in cotton area.What are the concerns?The spread of unapproved HTBt seeds through the informal market raises questions about regulatory oversight and seed quality. There is also the risk of farmers not knowing the true genetic makeup of seeds and having limited options in case of crop failure.Thus, the increasing adoption of HTBt cotton highlights farmers' need for affordable weed control technology and the limitations of accepted agricultural techniques. The challenge is to provide effective and affordable options to farmers, while ensuring seed quality, environmental impact and bio-security.Research is going on to remove the resistance. In July 2026, the Sugarcane Breeding Institute of the Indian Council of Agricultural Research announced a partnership with Rasi Seeds to develop a cotton hybrid with a new toxin to combat pink bollworm resistance. The institute said commercial seeds may be available around 2030, depending on further development.read more :- The rupee opened at 95.16 against the dollar, strengthening by 62 paise.

The rupee had closed at 95.78 on Monday, whereas today it opened at 95.16 per dollar, marking a gain of 62 paise.As of 9:17 AM (IST), the Nifty 50 remained steady at 22,377.05, while the BSE Sensex rose by 0.05% to reach 71,957.64.Read More :- Indian Rupee Closes at 95.78 Against US Dollar, Sensex and Nifty Fall