This evening, the rupee gained 7 paise versus the dollar to settle at Rs 83.86At the close of trade, the Sensex closed up 236.57 points or 0.29 per cent at 83,184.80 and the Nifty closed up 38.25 points or 0.15 per cent at 25,415.80.Read More :- Cotton Picking Begins, Yield Expected to Double This Season
Rising Cotton Prices in Gujarat Due to Sowing Area Decline and Rain WorriesCotton prices in Gujarat have surged past ₹8,500 per quintal, the highest in three years, driven by reduced sowing areas and fears of lower yields due to heavy rainfall. Prices have been rising since late August, offering hope to farmers for better returns on their harvests.In Rajkot APMC, cotton prices now range from ₹7,500 to ₹8,525 per quintal, compared to last month’s rates of ₹7,400 to ₹7,935. Traders report that the recent rains have delayed the crop by three to four weeks and affected yields, prompting farmers to hold off selling their harvests. This has led to an average price increase of ₹500 per quintal.Additional factors contributing to the price rise include higher costs of cottonseed oil and de-oiled cake (DOC), premium cattle feed. Cottonseed prices have also climbed to around ₹4,000 per quintal, further supporting the upward trend.Cotton acreage in Gujarat has dropped to 23.65 lakh hectares (lh), down from 26.82 lh in the 2023 season and lower than the three-year average of 24.95 lh. In contrast, groundnut sowing has increased to 19.10 lh from 16.35 lh last year, reflecting a shift among farmers.The recent price uptick has provided some relief to farmers facing potential yield losses due to the rains. Many, like Jeram Mithapara from Surendranagar, are concerned about pest attacks and crop damage, hoping for cotton prices to reach ₹10,000 per quintal to offset rising cultivation costs.While cotton remains a key kharif crop in Gujarat, many farmers have expanded groundnut cultivation due to its better returns and resilience against pests and wildlife. Despite the challenges, Gujarat continues to be the largest producer of cotton and groundnuts in India.read more :- Cotton Picking Begins, Yield Expected to Double This Season
Cotton Harvest Expected to Double This Season: Cotton Picking BeginsCotton picking has commenced in Punjab, with experts anticipating a yield double that of last year, offering relief to farmers as pest impact remains minimal.Harvesting of cotton bolls has started in Punjab’s semi-arid districts, with field reports indicating insignificant pest damage, bringing much-needed reassurance to farmers. Experts from Punjab Agricultural University (PAU) and state agriculture officials project that this year’s cotton production will be twice that of last year, encouraging farmers to return to cotton cultivation.In the 2023-24 season, Punjab produced 17.54 lakh quintals of cotton. However, this year saw a historic low in cotton acreage, with only 96,000 hectares sown. Pest attacks in previous seasons and the shift towards rice cultivation contributed to this decline. Despite an agriculture department target of two lakh hectares, only 1.79 lakh hectares were planted with cotton, marking a 46% decrease from last year.According to Punjab Mandi Board data, small quantities of cotton have begun arriving in various mandis, with private buyers offering up to ₹7,501 per quintal, above the MSP of ₹7,281. Over 160 quintals of raw cotton have already been purchased, with Muktsar recording the highest arrival of 82 quintals so far.State cotton coordinator Manish Kumar expects arrivals to increase by month-end, noting that the early-sown crop is now reaching markets. Agriculture authorities also report no significant impact from pests like the whitefly or pink bollworm this season. PAU's principal entomologist, Vijay Kumar, highlighted that effective pest management has helped protect crops.Farmers anticipate yields of eight quintals per acre, a sharp improvement from last year’s average of four quintals, thanks to favorable weather and coordinated pest control efforts. The next few weeks will be critical as the second round of cotton picking begins, potentially boosting production further.Read More :- Cotton prices skyrocketed, 3% higher than MSP, prices will increase further due to less sowing
In early trade, the rupee climbs 7 paise to 83.69 against the US dollar.Sensex up 600pts at record 83,600, Nifty above 25,500 on 50bps cutAt 10 AM, the BSE Sensex was at 83,538, up 590 points, or 0.71 per cent, while the Nifty 50 was at 25,531, up 154 points, or 0.61 per cent higher.Read More :> 11 new CCI centres for cotton procurement in Jalgaon: To be started soon
The rupee closed at 83.75 against the dollar this evening with no changeAt the end of the trading, the BSE Sensex closed at 82,948.23 with a decline of 131.43 points or 0.16 per cent. At the same time, NSE's 50 -share index, Nifty fell 41 points or 0.16 per cent to close at 25,377.55.Read More :- Cotton Arrivals Begin in Punjab Mandis
In early trade, the rupee gains 2 paise to 83.84 against the US dollar.The rupee appreciated 2 paise to 83.84 against the US dollar in early trade on Tuesday, helped by a weak greenback against major crosses overseas and lower crude oil prices in international markets.Read More :>Cotton Arrivals Begin in Punjab Mandis
The rupee finished at 83.89 versus the dollar this evening, unchangedAt the end of trading, the Sensex closed at 82,988.78 with a gain of 97.84 points or 0.12 percent. At the same time, the Nifty closed at 25,383.75 with a gain of 27.25 points or 0.11 percent.Read More :- Cotton Arrivals Begin in Punjab Mandis
In early trade, the rupee climbs 5 paise to 83.87 against the US dollar.The rupee appreciated by 5 paise to 83.87 against the US dollar in early trade on Monday supported by weakening of the American currency in the overseas market and significant foreign fund inflows.Read More :> Cotton Arrivals Begin in Punjab Mandis
This evening, the rupee strengthened by 8 paise to close at 83.89 against the dollar.At the end of the trading session, the Sensex closed at 82,890.94, down 71.77 points or 0.09 per cent, and the Nifty closed at 25,356.50, down 32.40 points or 0.13 per cent. About 2363 stocks rose, 1431 stocks declined and 102 stocks remained unchanged.Read more:- 11 new CCI centres for cotton procurement in Jalgaon: To be started soon
Cotton Arrivals Begin in Punjab MandisBathinda: The arrival of raw cotton has commenced in Punjab’s mandis, with the first batch of 5 quintals being sold at ₹7,154 per quintal in the Malout grain market on Thursday. While the minimum support price (MSP) for the current season is set at ₹7,421 per quintal for 27.5-28.5mm long staple cotton, this MSP will only come into effect from October 1. Until then, the previous MSP of ₹6,920 per quintal for the same variety will remain applicable until September 30.This year marks a significant shift as cotton cultivation in Punjab has fallen below 1 lakh hectares for the first time in decades. Muktsar district mandi officer, Ajaypal Singh, noted that small quantities of cotton had started arriving in Muktsar earlier in the week, with the first arrival at Malout recorded on Thursday.Read More :- 11 new CCI centres for cotton procurement in Jalgaon: To be started soon
Rupee gains 3 paise vs the dollarAt the interbank foreign exchange market, the local unit opened at 83.97 and witnessed an intraday high of 83.95 and a low of 83.99 against the American currency.Read More :> 11 new CCI centres for cotton procurement in Jalgaon: To be started soon
This evening, the rupee strengthened by 1 paisa to close at Rs 83.97 against the dollar.At the end of trading, the BSE Sensex jumped 1,439.55 points or 1.77 per cent to close at 82,962.71. During the day's trading, it touched its new all-time high of 83,116.19 points. On the other hand, the NSE's 50-share index, Nifty, rose 470.45 points or 1.89 per cent to close at 25,388.90. It also made its new record high of 25,433.35 points today.Read more:- Ajit Pawar Said Centre Favourable to Raising MSP for Soybean, Cotton
11 brand-new CCI locations in Jalgaon for the purchase of cotton: to begin shortlyJalgaon: This year the Cotton Corporation of India (CCI) has approved 11 cotton procurement centres in the district, which will come into operation soon. For the last two years, many centres were closed due to lack of procurement under the Cotton Marketing Federation, causing huge financial losses to the farmers.Cotton is widely cultivated in Jalgaon district, especially in other talukas except Raver and Yaval. A large quantity of cotton was procured at the centres set up by CCI during the Covid pandemic. However, in the recent two years, most of the procurement centres were closed due to lack of personnel and other systemic challenges. Due to this, farmers were not able to get a fair price for their crop, which affected their economic condition.Keeping in mind the problems of the farmers, Union Minister of State Raksha Khadse had discussed with Union Textiles Minister Giriraj Singh. As a result, 11 new CCI cotton procurement centres will be opened in the district at Jamner, Bhusaval, Chopra, Bodwad, Pachora, Jalgaon, Chalisgaon, Erandol, Shendurni, and Dharangaon.Farmers will get benefits under MSPHigh quality cotton with 8 to 12 percent moisture will be procured from farmers at these centres. The cotton will be procured under the Minimum Support Price (MSP), and payments will be made directly into the farmers' bank accounts through DBT (Direct Benefit Transfer).This move by CCI will help farmers of Jalgaon district get the right price for their crop and overcome the financial crisis.
Center Favorable to Increasing MSP for Cotton and Soybeans, According to Ajit PawarMaharashtra Deputy Chief Minister Ajit Pawar on Wednesday expressed optimism that the central government is inclined towards increasing the Minimum Support Price (MSP) for key agricultural crops such as soybean and cotton, as well as granting export permissions for these products. Pawar, who also oversees the finance and planning departments, made these remarks during a meeting with farmer representatives at the Mantralaya in Mumbai.Pawar reassured farmers that both the state and central governments are committed to ensuring they receive appropriate compensation for crop losses. He stated that discussions with Union Agriculture Minister Shivraj Singh Chouhan have been positive, especially on the issues of raising MSPs and preventing fraudulent practices by insurance companies. "The Centre is keen on addressing farmers' concerns regarding compensation from crop insurance companies, and the positive outcomes will soon be visible," he added.The Deputy CM also highlighted the state's ambitious plan to generate 11,500 megawatts of solar energy, which would ensure daytime electricity supply for agricultural pumps. Additionally, he mentioned that the government is working to clear all obstacles preventing eligible farmers from receiving debt waivers under the Mahatma Jyotirao Phule Scheme, with the goal of resolving these issues by the end of September.On the topic of crop insurance, Pawar emphasized that the government is taking a strong stance to protect farmers from fraudulent practices by insurance firms. He assured farmers that discussions are ongoing with insurance companies to develop a more farmer-friendly solution. Surveys are currently being conducted to assess the damage caused by heavy rains during the kharif season, and the government is making every effort to ensure that no affected farmer is left without assistance.Pawar also mentioned that the Centre has decided not to impose a ban on onion exports, which will provide some relief to farmers. He further added that the process of transferring funds under the Mahatma Jyotirao Phule Farmer Loan Waiver Scheme is nearing completion. Discrepancies in payments are being reviewed to ensure that all farmers receive the full benefits they are entitled to.In the coming days, a delegation of state ministers will meet with central leaders, including Union Cooperation Minister Amit Shah, to discuss pending issues such as agricultural subsidies, MSP for crops, and other support measures for farmers. Efforts are also underway to distribute subsidies for farm wells, drip and sprinkler irrigation, and fruit orchards.In conclusion, Pawar assured farmers that the state government, in coordination with the Centre, is fully committed to addressing their concerns and ensuring that their demands are met, particularly regarding MSP, crop insurance, and compensation for losses.Read More :> Cotton Farmers in Telangana Face Uncertain Future Amid Weather Woes
In early trade, the rupee climbs 2 paise to 83.97 against the US dollar.Sensex off day's high, trades 300 pts higher, Nifty above 25,050the BSE Sensex was up 198 points, or 0.24 per cent, at 81,721, while the Nifty 50 had gained 69 points, or 0.28 per cent, at 24,987Read More :> Cotton prices skyrocketed, 3% higher than MSP, prices will increase further due to less sowing
This evening, the rupee closed at 83.98 against the US dollar, unchangedAt the close of trading, the BSE Sensex fell 398.13 points or 0.49 per cent to close at 81,523.16. The NSE's 50-share index, Nifty, fell 122.65 points or 0.49 per cent to close at 24,918.45.Read More :- Cotton prices skyrocketed, 3% higher than MSP, prices will increase further due to less sowing
| title | Created At | Action |
|---|---|---|
| This evening, the rupee closed at Rs 83.68, up 7 paise against the dollar. | 19-09-2024 23:44:22 | view |
| Dip in Sowing Area and Rain Concerns Push Cotton Prices Up in Gujarat | 19-09-2024 19:56:33 | view |
| Cotton Picking Begins, Yield Expected to Double This Season | 19-09-2024 18:40:12 | view |
| Rupee rises 7 paise to 83.69 against US dollar in early trade | 19-09-2024 17:28:59 | view |
| This evening, the rupee closed 83.75 without any change against the dollar | 18-09-2024 23:26:14 | view |
| Rupee gains 2 paise to 83.84 against US dollar in early trade | 17-09-2024 17:19:37 | view |
| This evening, the rupee closed unchanged at 83.89 against the dollar | 16-09-2024 23:36:46 | view |
| Rupee rises 5 paise to 83.87 against US dollar during early trade | 16-09-2024 17:28:58 | view |
| The rupee appreciated 8 paise versus the US dollar this evening, closing at Rs 83.89 | 13-09-2024 23:26:20 | view |
| Cotton Arrivals Begin in Punjab Mandis | 13-09-2024 18:24:30 | view |
| Rupee rises by 3 paise vs dollar | 13-09-2024 17:19:41 | view |
| This evening, the rupee gained 1 paisa against the dollar, ending the day at Rs 83.97. | 12-09-2024 23:30:04 | view |
| 11 new CCI centres for cotton procurement in Jalgaon: To be started soon | 12-09-2024 23:25:08 | view |
| Ajit Pawar Said Centre Favourable to Raising MSP for Soybean, Cotton | 12-09-2024 17:56:50 | view |
| Rupee rises 2 paise to 83.97 against US dollar in early trade | 12-09-2024 17:22:57 | view |
| The rupee closed unchanged at 83.98 against the US dollar this evening | 11-09-2024 23:29:54 | view |
