Rupee weakens by 17 paise against US dollarThis evening, the rupee closed at a level of 82.38 against the dollar with a weakness of 17 paise.Sensex dropped 372 pointsToday the stock market closed with a fall.Today, where the Sensex closed at a level of 61560.64 points with a fall of 371.83 points.On the other hand, the Nifty closed at a level of 18181.80 points with a fall of 104.70 points.
Punjab state government has extended the deadline of 33% subsidy on cotton seeds till MayPunjab state government has extended the deadline of 33% subsidy on cotton seeds till May 31, more than 50,000 farmers have already registered for the subsidy. Delayed harvesting of wheat has affected sowing of kharif crop, with only 44 per cent of the target being met so far. The high number of subsidy registrations has been taken as a positive sign that farmers are looking to grow cotton instead of crops that have failed in the past two years.The state government has extended the date to apply for 33 per cent subsidy on cotton seeds till May 31. Delay in harvesting of wheat has also affected the sowing of major kharif crop. Sowing has been done so far 44% of the target of 3 lakh hectares for Kharif season 2023-24 has been completed on 1.30 lakh hectares More than 50,000 farmers have registered themselves for subsidy on cotton seeds so far.Last year the area under cotton crop was 2.47 lakh hectares“With average rates of raw cotton being much higher than the MSP in the last two seasons, farmers are reposing faith in the state government's preparedness for the cash crop. Initially, it was feared that many cotton growers may shift to paddy wherever irrigation facilities are available, but trends in subsidy registration and sowing area reflect farmers' interest in the cotton crop," the state said. said an official of the agriculture department.According to official information, maximum 19,109 applications have come for Fazilka subsidy till May 15. The district is also a leader in cotton sowing with about 74,000 hectares covered under the crop. Against 96,000 hectares under cotton in 2022-23, officials had set a target to sow cotton on 1.05 lakh hectares this year, Fazilka chief agriculture officer Jangid Singh said, adding that the district has already achieved 70% of the target. “Canal based irrigation support has been audited at a satisfactory level and the target will be achieved in seven to 10 days.In Bathinda, the second largest cotton producing district, around 13,000 farmers have applied for the subsidy. This year, against the target of 80 thousand hectares, sowing has been done in 20 thousand hectares. And officials said it would pick up the pace in the next few days.Muktsar chief agriculture officer Gurpreet Singh said the subsidy introduced in the first instance would motivate Punjab farmers to use only approved varieties of cotton. “In the last two kharif seasons, Punjab saw a sharp decline in cotton production Went. Pest attacks observed in districts of cotton growing state and use of rejected varieties reportedmajor reason behind failed crop,” he said.Mansa, another major cotton-growing district, has received 10,000 applications for the subsidy till date. Cotton has been sown in 19,000 hectares. Satpal Singh, chief agricultural officer of Mansa, said the recommended time for sowing cotton is between On 15th April and 15th May, the crop gets attacked by pests. But farmers had to delay sowing due to inclement conditions on several days in the last month.”After an intensive campaign by extension teams of the state agriculture department, farmers have reposed confidence in traditional cash crop cultivation. We have seen an impressive registration to avail the subsidy and a sharp jump in sowing is expected in the coming days.”
China has ordered 5 thousand tonnes of cotton yarnAHMEDABAD: Lower production of cotton crops in China's Xinjiang province this year has resulted in the country ordering nearly 5,000 tonnes of cotton yarn from India in the last fortnight. The province produces more than 70% of China's total cotton production.The latest orders are going to help the Gujarat based. The spinning mills undergoing idling are on a large scale as most of the orders will be fulfilled by the state's spinning mills in the next two months.Indian cotton prices have remained higher than international prices for almost a year, and hence, exports of cotton yarn have dropped. China's Xinjiang state is estimated to produce about 10-15% less this year at 27.5 million bales.Spinners' Association Gujarat (SAG) vice-president Jayesh Patel said, "Xinjiang cotton production is estimated to be much lower this year. As per our estimate, China has placed orders for around 250 containers of 20 tonnes each. Most orders are 20-count." And for 32- count cotton yarn. A major part of this will be supplied to Gujarat-based spinning mills." He said cotton prices have come down to Rs 59,000 per candy (356 kg) in Gujarat and Rs 58,000 in Maharashtra. Rupees.According to industry estimates, India's cotton production this year will be around 34 million bales (170 kg each). "As arrivals are slow and farmers' holding capacity is better, arrivals of stocks will continue till the end of the season in September," said Patel. Cotton prices are expected to reach Rs 55,000 per candy level, and yarn prices once 245 per kg from the current level of Rs 255 per kg, we will see more export demand as our prices will be in line with international prices,” said Patel.Rahul Shah, Co-Chairman, GCCI Textile Taskforce.“With the forecast of lower cotton crop, cotton yarn demand from China has increased in the last two weeks. For India, getting significant orders from China is a good sign. Till two years ago, the demand from China was around 40% of our total exports, which has now come down to around 15%.
Rupee depreciates 10 paise to open at 82.30 against US dollarThe Indian rupee opened 10 paise lower against the US dollar on Wednesday as the dollar index remained at a five-week high. The local currency opened at 82.30 as compared to its previous close of 82.20 per dollar.Sensex down 61,832 points, Nifty in red at 18,257Indian shares fell on Wednesday as investors booked profits after a 5% gain in the benchmark Nifty 50 so far in fiscal 2024, while the U.S....
Sluggish trading activity in the cotton marketLAHORE: The local cotton market remained stable on Tuesday with a slight improvement in trading volume.Cotton analyst Naseem Usman told that the price of cotton in Sindh is between Rs 17,000 to Rs 20,000 per head. The cost of cotton in Punjab ranges from Rs 18,000 to Rs 21,000 per head.The rate of footi in Sindh ranges from Rs 5,500 to Rs 8,300 per 40 kg. The rate of footi in Punjab ranges from Rs 6,000 to Rs 8,500 per 40 kg.About 150 bales of Lodharan were sold at Rs 20,000 per head.The spot rate remained unchanged at Rs 20,000 per head. Polyester fiber was available at Rs 375 per kg.
Cotton candy prices on MCX have declined by around 2.05 per cent in a weekMCX Cotton Candy prices declined by about 2.05% in one week, indicating sluggish demand amid fears of recession. The cotton market is currently experiencing mixed dynamics across various regions in India. Pressure is also being seen as cotton sowing is progressing well with an expected increase in sowing area in North India, while the cotton yarn market in South India, on the other hand, is facing weak demand from the weaving industry, leading to Cotton yarn prices have come down.On the supply side, the Cotton Association of India (CAI) has lowered its cotton crop forecast for 2022-23 season, citing decline in production in Maharashtra, Telangana, Tamil Nadu (NS:TNNP) and Odisha. This shortfall in local production is expected to reduce cotton stocks to their lowest level in more than three decades. In terms of the global outlook, supplies for 2023/24 are forecast to be higher than last year, despite a slight reduction in production. Consumption is expected to rebound, and ending stocks are expected to decline slightly. However, lower harvesting areas are expected in China, India, Turkey and Australia, partially offset by increases in franc zones in the United States and West Africa.Lastly, the cotton market is currently facing sluggish demand domestically, while supplies are expected to be high with recovery in consumption globally. A decline in local production and dwindling stocks of cotton in some regions of India indicate a tightening supply position. The future direction of the market will depend on factors such as improving demand, global production trends and economic conditions. From a technical perspective, cotton prices is consolidating with support near 60800 levels and chances of testing 60280 levels. Resistance is expected near 61820 levels and on an upside the price can trade towards 62600 levels.
Cotton sowing time is running out in PunjabBathinda: The mercury has started rising with the mercury rising above 40 degree Celsius making the weather hot and humid. The ideal time for cotton sowing is fast approaching but less than half of the target area has been recorded in Punjab. According to the State Agriculture Department, cotton has been sown in 1.21 lakh hectares till May 15 against the target of three lakh hectares.The crop was grown on 2.48 lakh hectares in the previous year and the state government had set a target of a 20% increase in the current season. To attract farmers to cotton by pulling them from the watershed to paddy, the state government also offered 33 per cent subsidy on Bollgard-II (BG-II) seeds. However, according to the sowing trend.The optimum time for cotton sowing is considered when the temperature hovers between 30°-35°C, which normally lasts till May 15. Under such temperature, germination and growth of plants is expected in line and it gets first irrigation after about one month. But with the rise in temperature and the conditions getting hotter and moist, the chances of germination becoming erratic or the plant getting burnt in the scorching heat are high. The number of plants, which is usually 1,80,000-2,00,000 inches at sowing stage, decreases under normal conditions and as the insects grow, the crop becomes more vulnerable to insect attack under moist conditions. Pests Due to two consecutive crop losses (if not failures). The attack and excessive rains have eroded the confidence of the farmers and they are turning to paddy for assured returns. The cotton crop in 2021 was damaged due to pink bollworm and in 2022 it was white fly and pink bollworm to some extent apart from excessive rains at the most inopportune times. The cotton crop had actually started going down after 2015 when the whitefly attack took placeFor the first time about 60% crop damage was reported. Thereafter it moved downwards and reached the lowest level of 2.48 lakh hectares in 2022 sowing season. Even though cotton touched Rs 10,000 per quintal and is stable at Rs 8,000 per quintal, which is much higher than the MSP, for much of 2020 and 2021, and yet in 2022, the damage done by the pest The producer failed to revive the trust.
Rupee strengthens 8 paise against US dollarThe rupee strengthened by 8 paise to close at Rs 82.21 against the dollar this evening.Sensex breaks 413 pointsToday the stock market closed with a fall.Today, where the Sensex closed at a level of 61932.47 points with a fall of 413.24 points.On the other hand, the Nifty closed at a level of 18286.50 points with a decline of 112.30 points.
Why is El Nino a concern for Indian monsoon rainfall?The India Meteorological Office has predicted normal monsoon rainfall in 2023. However, there is a 90% chance of an El Niño weather pattern developing during the June-September monsoon season, increasing the likelihood of below-normal rainfall.In the past, India has experienced below-average rainfall during most El Niño years, sometimes causing severe droughts that destroy crops and force authorities to limit exports of certain food grains.What is El Nino? How does it affect the monsoon of India?El Niño is a meteorological phenomenon that occurs when ocean temperatures in the central and eastern Pacific Ocean exceed normal. The warming causes changes in atmospheric patterns, leading to a weakening of the monsoon circulation over the Indian subcontinent. As a result, the Indian monsoon becomes weaker and less reliable during El Nino years.How close is the relationship between El Nino and monsoon rains?The relationship between El Niño and Indian monsoon rainfall is significant, despite occasional instances when India receives normal or above-normal rainfall during El Niño years. In the past seven decades, El Nino weather patterns occurred 15 times, with India receiving normal or above-normal rainfall six times. However, an opposite trend has emerged in the last four El Nino years, with India experiencing persistent drought conditions and rainfall falling below 90% of the long-term average.El Niño events are classified as weak, moderate, or strong according to the magnitude of the temperature increase above normal.In 2009, a weak El Niño led to a significant deficit in India's rainfall, which fell 78.2% below normal, the lowest recorded in 37 years. In contrast, in 1997, a strong El Niño occurred, yet India received 102% of its normal rainfall. Weather models are suggesting that the 2023 El Niño could be stronger.Why is monsoon important?The monsoon is crucial to India, providing about 70% of the annual rainfall and affecting major crops such as rice, wheat, sugarcane, soybeans and groundnuts. Agriculture accounts for about 19% of India's $3 trillion economy and employs more than half of its 1.4 billion population.The impact of the monsoon extends beyond agriculture, affecting the wider economy. Adequate rainfall boosts overall economic growth, helping to control food price inflation, which has risen recently, and increased lending rates.An increase in agricultural production could also ease export restrictions on sugar, wheat and rice. In contrast, a drought requires importing food and maintaining export restrictions. In 2009, bad rains forced India to import sugar, pushing global prices to record highs.How does monsoon affect inflation and central bank policy?Food accounts for nearly half of India's consumer price index, which the central bank closely monitors when deciding on monetary policy. India received normal or above-normal rainfall for four straight years, yet prices of cereals, dairy products and pulses have jumped in recent months and forced the Reserve Bank of India to sharply hike lending rates .
Cotton farmers in Maharashtra will take out a rally demanding a subsidy of Rs 5,000 per quintalIn a press release, agriculture activist Kishor Tiwari said cotton has been cultivated on a record 10.2 million hectares this year as the price of the key textile ingredient reached Rs 14,000 per quintal last year.Cotton farmers will take out a rally in Maharashtra's Yavatmal district on May 18 to demand a subsidy of Rs 5,000 per quintal and financial assistance for crop growers who have suffered losses due to "excessive" rains, an agriculture activist said on Monday.In a press release, agriculture activist Kishor Tiwari said cotton has been cultivated on a record 10.2 million hectares this year as the price of the key textile ingredient reached Rs 14,000 per quintal last year.However, prices have come down to Rs 7,500 per quintal, forcing many debt-ridden cotton farmers to end their lives. He said 40 per cent of the cotton crop was damaged this year due to "excessive" rains.Tiwari claimed that 3,300 cotton farmers have committed suicide in Maharashtra this season.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/newsdetails/2356
LAHORE: The local cotton market remained stable on Monday with low trading volume.Cotton analyst Naseem Usman said that the rate of cotton in Sindh is Rs 17,000 to Rs 20,000 per head.Cotton rates in Punjab range from Rs 18,000 to Rs 21,000 per head.The rate of footi in Sindh ranges from Rs 5,500 to Rs 8,300 per 40 kg. The rate of footi in Punjab ranges from Rs 6,000 to Rs 8,500 per 40 kg.About 400 bales of Sadiqabad were sold at Rs 21,500 per head.The spot rate remained unchanged at Rs 20,000 per head. Polyester fiber was available at Rs 375 per kg.
Rupee gains 7 paise at 82.23 against US dollarThe Indian rupee opened higher by 7 paise against the US dollar on Tuesday due to a fall in the dollar index and narrowing of India's trade deficit. The rupee opened at 82.23 against the US dollar as against its previous close of 82.30.Sensex breaks 131 points, Nifty below 18400Domestic stocks opened flat on Tuesday amid improving global cues and key fourth quarter earnings data were due today. The S&P BSE benchmark Sensex opened 4.65 points or 0.1 per cent lower at 62,341.06, while the broader NSE Nifty 50 advanced 5 points or 0.03 per cent to 18,403.90.
This evening, the rupee closed at a level of 82.30 rupees with a weakness of 13 paise against the dollar.Sensex rises again, rises 318 pointsToday, where the Sensex closed at a level of 62345.71 points with a gain of about 317.81 points. On the other hand, the Nifty closed at a level of 18398.80 points with a gain of 84.00 points.
Farmers travel to other states for indigenous cotton seedsCotton Market Update Supply of indigenously improved, indigenous hybrids in Khandesh is constrained every year. Due to this, the farmers have to go around Madhya Pradesh, Gujarat for this seed.The concerned companies send their seeds to Madhya Pradesh and Gujarat on time and in large quantities as they get good prices. This seed yields 8 to 10 quintals of cotton per acre. Farmers have experience that big harvest is also good.A company supplies its indigenous cotton seeds to Khandesh. But this supply ends at the end of June. Also, in Jalgaon district, at least one to one and a half lakh packets of this seed are needed, but only 25 to 30 thousand packets come in two phases.In that too these packets are first given to the preferred group. By then the right time for cotton cultivation is over. Due to this, the farmers of Madhya Pradesh and Gujarat are going to their familiar agricultural center managers, cotton growers, relatives to buy the seeds of this company by paying a fixed price and taking a receipt.A maximum of two to three packets are being given to a farmer in Madhya Pradesh, Gujarat. Because the seller and the administration fear that if a farmer is given as many packets as he needs, there will be shortage of the respective seeds. Due to this, the farmers of Khandesh are being given the necessary seeds for cultivation in two to three acres.Time and travel cost increasedFarmers of Muktainagar, Raver, Yawal, Chopra, Shirpur, Dhule, Taloda, Akkalkuwa, Shahada, Navapur of Nandurbar in Khandesh are buying more cotton seeds from abroad.There the respective seeds are available for 950 to 1000 rupees. In this, the farmers have to bear the trouble of commuting and visiting the agricultural centers. It costs more time and money.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/newsdetails/2343
Cotton Market: Cotton prices are at low levels in KhandeshJalgaon Cotton Market Update: Cotton prices in Khandesh have come down to the lowest level ie 7300 to 7400 rupees per quintal. The income has reached 80 thousand quintals per day. The rate level has fallen due to rising inflows.This month income increased more. In April, an average of 68 thousand quintals of cotton was imported in Khandesh per day. The inflow has increased in the last three to four days of this month. Because the rainy season has cleared. Laborers have also returned to work. Cotton processing factories are working fast.Demand for cotton has increased. This has increased shopping in villages. Income is also increasing. As a result, pressure on rates has increased. Currently 13 to 14 thousand bales (one bale is 170 kg cotton) are being produced in the factories of Khandesh. This process will be faster. Because the import of cotton is getting regular.Last month, the average rate for village purchases was Rs 7,500 to Rs 7,600. But this month the rate has fallen. The minimum rate is Rs 7300 per quintal. The loss of farmers has increased due to low prices.In Khandesh this year, the maximum purchase rate of Kheda was Rs 9200 to 9300 per quintal in early November. By February, rates continued to fall. But during this period the minimum rate was Rs 8100 to 8250 per quintal.1900 loss per quintal to the farmerIn March and April the rate remained below Rs 7800 and this month the rate has come down to Rs 7400 per quintal. At present the farmer is suffering a loss of Rs 1800 to 1900 per quintal.If cotton is kept in the house for a long time, it gets spoiled. Also, where there is cotton, there is now provision for keeping fodder. Due to this many farmers are selling cotton.32 to 35 percent farmers have cotton stocksToday, about 32 to 35 percent of farmers in Khandesh have cotton stock. This stock is more in Chopda, Yaval, Jalgaon areas of Jalgaon district. In Dhule and Nandurbar, only 20 to 25 percent of farmers have cotton stock.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/newsdetails/2340
Agriculture: Revival of cotton needed to surviveCotton is called "White Gold" because of its value and utility in human life. Pakistan is the world's fifth largest producer of cotton, and the cotton crop is indispensable to Pakistan's economy.Exports of cotton and textile products account for about 60 percent of the country's total exports. It contributes about 0.6pc to the GDP and 2.4pc to the value added segment of agriculture.Cotton was grown in 15 percent of Pakistan's total cultivated area, which has been reduced to 10 percent. About 62% of Pakistan's cotton is produced in Punjab, and the remainder is grown in Sindh, with negligible area under cotton in Khyber Pakhtunkhwa and Balochistan.Since the planting of the cotton crop, the highest area under cotton crop was 3.19 million hectares during 2004-05, an all-time high of 14.26m bales as compared to 2.06m hectares and 4.91m bales in 2022-23 was production. This means a 36 per cent area reduction and 66 per cent decline from its peak production. Furthermore, it has been 41% less productive than the previous year.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/newsdetails/2337
Sensex up 250 points, Nifty close to 18,400Equity benchmark indices gained in early trade on Monday after relief in CPI inflation, which fell to an 18-month low of 4.7 per cent in April. The BSE Sensex advanced 160 points to 62,200 and the NSE Nifty 50 advanced 45 points to 18,360.Rupee falls 6 paise to 82.24 against US dollarThe rupee depreciated 6 paise to 82.24 against the US dollar in early trade on Monday on the strength of the American currency overseas.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/newsdetails/2334
Weekly Cotton Review: Prices remain steady amid weak businessKARACHI: Cotton rate witnessed overall stability in the last week. trading volume; Although it was very less. The crisis in the textile sector is deepening. Positive measures needed to increase cotton cultivation; However, at present the condition of cotton sowing is satisfactory.In the domestic cotton market, the prices remained overall stable during the last week. The trading volume remained low due to low interest in cotton procurement by textile and spinning mills.Actually, there is an atmosphere of despair in the textile sector because the government is not paying attention to the problems of this sector. The government has already withdrawn incentives given to the textile sector due to pressure from the International Monetary Fund (IMF).It is feared that the country's exports will fall further as a result of uncompetitive energy and gas rates, which have already pushed the textile sector into dire straits, badly affecting the cotton business.However, effective steps are being taken by the government to increase cotton production. The government has timely fixed the intervention price of fruit at Rs 8500 per 40 kg. It has also announced several incentives for cotton farmers, while rice cultivation has been banned in most cotton-growing regions.According to the information received from the cotton producing areas, at present the sowing of cotton is said to be satisfactory. According to experts, if the weather is favourable, cotton production is expected to increase. This year the government has set a target of one crore twenty seven lakh seventy thousand bales of cotton production.The rate of cotton in Sindh ranged from Rs 18,000 to Rs 20,500 per head. The rate of footi which is available in small quantity is 7 thousand to 8500 rupees per 40 kg. Cotton rates in Punjab range from Rs 19,000 to Rs 21,000 per head, while footy rates range from Rs 7,500 to Rs 9,000 per 40 kg. Khal, cottonseed and oil remained unchanged. The Spot Rate Committee of the Karachi Cotton Association kept the rate unchanged at Rs 20,000 per head.According to Naseem, president of the Karachi Cotton Brokers Forum, there was volatility in the international cotton markets. New York cotton futures trading saw a lot of volatility in its rates. The rate first fell to a low of 76 US cents per pound before rising to a high of 85 US cents per pound and closing at a low of 80.53 US cents per pound.The overall bearish trend in cotton rates in India continues. According to the estimates of the Cotton Association of India, there will be a short production of 298.35 lakh bales in the 2022-23 season. The reason for the lower production is that Maharashtra, Telangana, Tamil Nadu and Orissa will produce less cotton.According to the USDA's weekly export and sales report for the year 2022-23, about two lakh forty six thousand eight hundred bales were sold, which was 7 percent more than the previous week.China topped by purchasing one lakh six thousand two lakh bales. Vietnam bought 77,800 bales and stood second. Bangladesh bought 36,000 bales and came in third. Turkey bought seventeen thousand six hundred bales and stood at the fourth position. Pakistan bought 9,200 bales and stood fifth. Twelve thousand eight hundred bales were sold in the year 2023-24.Nicaragua topped the list buying 4,400 bales. Peru was second with 3,200 bales. Mexico bought 3,100 bales and ranked third. Turkey bought 2,200 bales and ranked fourth.Cotton cultivation is booming in Punjab and 50% area under cotton has already been brought under cultivation, Agriculture Secretary, Punjab Iftikhar Ali Shahu at APTMA office, Lahore for development of cotton and improvement in textile industry said in a meeting heldSecretary Energy Naeem Rauf, Patron APTMA Gohar Ejaz, President APTMA Hamid Zaman, Director General Agriculture (Extension) Dr Anjum Ali and other stakeholders were present. Speaking on the occasion, Shahu said that the Punjab government is committed to the revival of cotton and all resources are being used to achieve the cotton production target. The government has fixed the pre-sowing support price of cotton at Rs 8500 per head, which will benefit cotton farming. Apart from this, farmers will get a subsidy of Rs 1,000 per bag on the seeds of selected approved varieties for 0.6 lakh acres. In addition, subsidies worth billions of rupees are being given on phosphorus and potash fertilizers to reduce the production cost of farmers.He further said that this year production competitions are being organized among cotton farmers at provincial and district level, in which cash prizes worth lakhs of rupees are being given. He further said that the Irrigation Department is taking special measures to supply canal water to the cotton areas. Field workers are available to support the farmers for technical guidance. Teams of the Agriculture Department are working from village to village to promote the cotton crop.On this occasion, APTMA Patron Gauhar Ejaz welcomed the seed supply and subsidy for farming. He stressed on the use of IT to increase the area under cotton cultivation.There are reports of import queries of apparel from the United States and the European Union but there are also some problems due to the delay in agreement with the International Monetary Fund (IMF).
Local BRS leader of Telangana involved in fake business of cotton seedAdilabad: Local BRS leaders and their associates are allegedly involved in the spurious cotton seed trade running on a large scale in Bellampalli, Sirpur (T) and Asifabad assembly constituencies.It is said, "It has become a lucrative business for many politicians, even though it is illegal and farmers suffer huge losses every season."Those selling spurious cotton seeds are considered habitual offenders and the local police invoked the PD Act against 18 such men in the year 2020 and 2021.According to sources, 132 cases were registered in Mancherial district during 2019-2022 regarding spurious cotton seed and 324 people were booked.Komaram Bheem Asifabad district collector Hemant Bhorkade said he has constituted a task force comprising agriculture, revenue and police to control spurious cotton seeds brought into the district from the Maharashtra border.He said that they would involve Sarpanchs, MPTC and ZPTC and raid suspected shops and godowns to control spurious cotton seed business in the villages.Bhimini, Nennela, Kannepalli, Vemanpalli and Tandoor in Bellampalli constituency have become hot spots for sale of spurious cotton seeds. Mandals of Bejur, Penchikalpet, Chintalmanpalli and Kautala in Sirpur (T) constituency and Rebena, Wankidi, Jainur, Kerameri, Tiryani and Narnur in Asifabad assembly constituency.Deccan Chronicle has highlighted the illegal trade of spurious cotton seeds in the past, how it affected cotton farmers, losses due to lack of germination and low yield in a recently published report.Collector Hemant Bhorkade constituted a task force to keep a check on spurious cotton seeds entering Komaram Bheem Asfibad district from various routes from Maharashtra.There are strong allegations that local BRS leaders are involved in spurious cotton seed business with the support of the constituency level elected representatives in Belampalli assembly constituency.There is news in police circles that a senior elected representative of BRS encouraged his colleague from Janakpur in Nenela mandal to do business of spurious cotton seeds and offered him 10 lakhs to start the business in Belampalli area.The local police had arrested Ranjith Kumar, a former director of the Belampalli Market Committee, a few months ago for his involvement in the spurious seed business.It is alleged that the market committee president of the BRS party in Bellampalli assembly constituency was a key player in the spurious cotton seed business in Bhimini Mandal.An Andhra trader from Repallevada in Tandoor mandal is said to be doing business of spurious cotton seed on a large scale and he was continuing it even after cases were registered against him.Local police say that some farmers migrated from Andhra region by taking agricultural land on lease from local farmers, cultivated them and sold these spurious cotton seeds to local farmers.The local farmers, who had taken the land on lease, are getting their land's fertility low after a few seasons due to the sowing of spurious cotton seeds and the use of excessive fertilizers and pesticides by Andhra farmers.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/newsdetails/2328
Farmers urged to increase cotton productionLahore: District administration, agriculture department employees and farmers should work together to increase cotton production.These views were expressed by Captain Saqib Zafar (Retd), Additional Chief Secretary, South Punjab while presiding over the review meeting of the ongoing activities regarding Cotton Action Plan 2023-24.Secretary Agriculture, Punjab Iftikhar Ali Sahu, Secretary Agriculture South Punjab Saqib Ali Atil, Commissioner Bahawalpur Division. Dr. Ehtsham Anwar, RPO Bahawalpur Zone Rai Babar, Director and Deputy Director Bahawalpur, Bahawalnagar and Rahim Yar Khan, Deputy Commissioner, Chief Irrigation Engineer Khalid Bashir and other stakeholders participated.It was informed during the briefing that this year a target has been set for cotton cultivation in Bahawalpur division of 23.14 lakh acres, out of which 14.45 lakh acres have been cultivated so far, which is 62 percent of the total target.Agriculture Secretary, Punjab Iftikhar Ali Shahu said that cotton cultivation is going on and all the stakeholders should work hard to achieve cotton cultivation and per acre production. “We should work day and night for this cause. This will not only make our farmers prosperous but will also provide stability to the country's economy. The Punjab government is using all resources for technical guidance and support to the farmers.He further said that to make cotton farming profitable, its support price of Rs 8500 per head has been announced in a time bound manner and this compensation will be ensured. Apart from this, Rs 60 crore and Rs 500 crore are being given on certified seeds. 11 billion subsidy is being given on fertilizers. He directed the concerned officers to ensure strict monitoring of the quota of respective districts under track and trace system for distribution of fertilizers.
| title | Created At | Action |
|---|---|---|
| Rupee weakens by 17 paise against US dollar | 17-05-2023 16:50:17 | view |
| Punjab state government has extended the deadline of 33% subsidy on cotton seeds till May | 17-05-2023 16:20:27 | view |
| China has ordered 5 thousand tonnes of cotton yarn | 17-05-2023 15:59:02 | view |
| Rupee depreciates 10 paise to open at 82.30 against US dollar | 17-05-2023 15:35:51 | view |
| Sluggish trading activity in the cotton market | 17-05-2023 15:07:02 | view |
| Cotton candy prices on MCX have declined by around 2.05 per cent in a week | 16-05-2023 17:12:33 | view |
| Cotton sowing time is running out in Punjab | 16-05-2023 16:48:31 | view |
| Rupee strengthens 8 paise against US dollar | 16-05-2023 16:32:39 | view |
| Why is El Nino a concern for Indian monsoon rainfall? | 16-05-2023 16:02:38 | view |
| Cotton farmers in Maharashtra will take out a rally demanding a subsidy of Rs 5,000 per quintal | 16-05-2023 11:57:31 | view |
| LAHORE: The local cotton market remained stable on Monday with low trading volume. | 16-05-2023 11:28:57 | view |
| Rupee gains 7 paise at 82.23 against US dollar | 16-05-2023 11:09:45 | view |
| This evening, the rupee closed at a level of 82.30 rupees with a weakness of 13 paise against the dollar. | 15-05-2023 18:01:24 | view |
| Farmers travel to other states for indigenous cotton seeds | 15-05-2023 12:49:27 | view |
| Cotton Market: Cotton prices are at low levels in Khandesh | 15-05-2023 12:15:52 | view |
| Agriculture: Revival of cotton needed to survive | 15-05-2023 11:41:49 | view |
| Sensex up 250 points, Nifty close to 18,400 | 15-05-2023 11:22:09 | view |
| Weekly Cotton Review: Prices remain steady amid weak business | 15-05-2023 10:38:27 | view |
| Local BRS leader of Telangana involved in fake business of cotton seed | 13-05-2023 11:03:06 | view |
| Farmers urged to increase cotton production | 13-05-2023 10:44:35 | view |
