Prices for cotton surged, rising 3% over MSP; less sowing will cause prices to rise even more.Due to the shortage of cotton, prices are continuously rising in the market. In the current season, cotton prices have gone up by 3% above the Minimum Support Price (MSP), and experts believe that there may be further jump in them in the future.There are many reasons for this increase in cotton prices. In this Kharif season, farmers have sown cotton in 11 lakh hectares less area. Apart from this, heavy rains in major cotton producing states like Maharashtra, Telangana and Andhra Pradesh have caused great damage to the crop. In Punjab too, cotton sowing has decreased compared to last year.Last year, the outbreak of caterpillar pest in the cotton crop had badly affected the yield, due to which the farmers suffered a lot and they could not even recover the cost. This year also, farmers are showing less interest in cotton cultivation, the effect of which is visible in sowing.Signs of reductionAccording to the Union Ministry of Agriculture and Farmers Welfare, till September 2, 2024, cotton has been cultivated in 111.74 lakh hectares across the country, which is about 11 lakh hectares less than 123.11 lakh hectares last year.Cotton prices in wholesale marketsThe average price of cotton in the wholesale markets of Surat and Rajkot has reached Rs 7525 to Rs 7715 per quintal, while in Amreli it is Rs 7450 per quintal. The maximum price of cotton has been recorded up to Rs 12,222 per quintal in Chitradurga Mandi.Difference between MSP and pricesThe central government has increased the MSP of cotton by Rs 501 for the 2024-25 season. Now the MSP for the medium staple category is Rs 7121 per quintal and for the long staple category it is Rs 7521 per quintal. The difference between the average price of cotton in the market and the MSP has increased to Rs 300-400 per quintal, indicating a further increase in prices in the coming days.The ever-increasing prices of cotton are posing a new challenge for both farmers and the market.Read More :> Cotton Farmers in Telangana Face Uncertain Future Amid Weather Woes
Telangana's Cotton Growers Face An Uncertain Future Due To Weather ProblemsThe hopes of cotton farmers in Telangana have been shattered as adverse weather conditions continue to impact their livelihoods. The initial sowing of cotton, which began in late May after pre-monsoon showers, faced severe setbacks due to prolonged dry spells.Cotton farmers in Telangana are grappling with a severe crisis as recent heavy rains and subsequent flooding have caused extensive damage to their crops. Despite expectations of stable prices this year, preliminary estimates indicate that over seven lakh acres of cotton have been affected by the floods.This year, Telangana anticipated a significant increase in cotton cultivation, with many farmers shifting away from paddy due to irrigation shortages and crop failures from the previous season. However, their hopes were dashed as adverse weather conditions took a toll. While sowing began optimistically in late May, the crops were soon impacted by dry spells, and now floods have compounded their difficulties.Despite these setbacks, farmers remained hopeful, driven by price forecasts suggesting stable rates of Rs. 6,600 to Rs. 7,200 per quintal for the upcoming harvest season, which spans from November 2024 to February 2025. Market intelligence reports from institutions such as the Agriculture and Market Intelligence Centre of Prof. Jayashankar Telangana State Agricultural University further boosted their optimism.Last year, cotton prices mostly stayed below Rs. 7,000 per quintal, with only a few varieties fetching profitable rates. This year, however, the cost of cotton production has increased significantly due to labor shortages and the rising costs of inputs like seeds, fertilizers, and pesticides.Cotton was cultivated on nearly 43 lakh acres across Telangana this year. Yet, early reports suggest that cotton crops in over one-sixth of this area were damaged by the August rains that triggered widespread flooding. Although the full extent of the losses has yet to be determined, preliminary estimates paint a grim picture.Government agencies have assessed the initial damages from the recent rains at Rs. 5,438 crore, with cotton losses accounting for a large share of this figure. While the Centre’s price forecast mechanism, supported by the Department of Agricultural Economics, predicts stable prices for most crops compared to last year’s Vanakalam marketing season, persistent rains remain a significant threat to cotton farming. Mahabubabad and Khammam districts have been the worst hit by crop losses, and farmers fear the worst may not be over yet.Cotton farming is critical to Telangana’s agricultural economy, and these adverse weather conditions have undermined farmers’ efforts to boost productivity and lower production costs. Farmers are now demanding compensation of Rs. 35,000 per acre, given their high investments in this year’s crop. Timely support, they argue, is essential for them to recover and shift to alternative crops. They are calling on the State government and agricultural institutions to step in and provide much-needed relief.Read More :>Cotton production expected to fall by 10 to 15 per cent due to heavy rains in Gujarat
The rupee appreciated by 2 paise to trade at 83.96 per US dollar.Mumbai, Sep 11 (PTI) The rupee traded in a narrow range on Wednesday and appreciated 2 paise to 83.96 against the American currency, on easing crude oil prices and tracking its Asian peers.Read More :> Gujarat: Cotton prices rise at Botad marketing yard and farmers' income rises
This evening, the rupee finished 2 paise down versus the US dollar at 83.98At the close of trading, the BSE Sensex rose 361.75 points or 0.44 per cent to close at 81,921.29. The NSE's 50-share index, the Nifty, rose 104.70 points or 0.42 per cent to close at 25,041.10.Read More :- Gujarat: Cotton prices rise at Botad marketing yard and farmers' income rises
Gujarat: Botad marketing yard sees an increase in cotton prices, and farmer income risesLong queues of vehicles were seen today at Botad marketing yard to sell farmers' crops. With cotton prices at this yard being the highest compared to other marketing yards in Saurashtra, it has become the first choice of farmers. Farmers are getting the best prices for their produce here, which has increased the popularity of Botad marketing yard.Botad: Saurashtra's largest cotton hubBotad marketing yard is considered to be the largest cotton hub in Saurashtra. Not only Botad, but farmers from remote villages of Amreli, Surendranagar and Ahmedabad districts also come here to sell their cotton crop. Long queues of vehicles are seen since morning, due to which the arrival of cotton has increased here. A huge increase in the arrival of cotton has been seen in the last three days.Cotton arrival and price rise in the last three daysRegular auction of cotton takes place daily at Botad yard. In the last three days, the arrival of cotton was 45 to 70 quintals, and the prices were recorded up to Rs 1600 per quintal. But today, 100 quintals of cotton were recorded, and the prices also rose. The minimum price of cotton per maund reached Rs 1160 and the maximum price reached Rs 1631. A total of more than 30 quintals of cotton yield was auctioned in the last three days.Auction of other crops along with cottonAlong with cotton, various crops like wheat, millet, sorghum, groundnut, sesame, black sesame, cumin, gram, coriander, moong, tuvar and castor are also auctioned in Botad marketing yard. Due to this diversity, this yard remains a major trading center for farmers.Read More :>Cotton Crops Affected by Parawilt Disease in Siddipet
Strong Rupee Against US DollarThe Indian rupee traded in a narrow range against the US dollar on Tuesday, supported by foreign institutional inflows and a muted trend in domestic equities.Read More :> Cotton production expected to fall by 10 to 15 per cent due to heavy rains in Gujarat
This evening, the rupee closed at Rs 83.96 against the dollar with a weakness of 1 paisa.At the end of trading, the Sensex closed at 81,559.54 with a gain of 375.61 points or 0.46 percent. At the same time, the Nifty closed at 24,936.40 with a gain of 84.25 points or 0.34 percent.Read more:- Cotton Crops Affected by Parawilt Disease in Siddipet
Gujarat Cotton Output Likely to Drop 10–15% Due to Heavy Rains, Crop Damage Worries FarmersContinuous heavy rainfall in Gujarat has raised serious concerns among cotton farmers, with estimates suggesting a 10% to 15% decline in cotton production this year. According to the Cotton Association of India (CAI) and agricultural experts, both reduced sowing and widespread crop damage due to excessive rain are responsible for the expected decline.Data from the Gujarat Agriculture Department shows that cotton cultivation has fallen by 12%, dropping to 23.62 lakh hectares from 26.79 lakh hectares last year. CAI estimates indicate that while Gujarat produced around 92 lakh bales in 2023–24, output is expected to decline further this season due to adverse weather conditions.Farmers report that heavy rains during June and July caused the most significant damage. Waterlogging in fields has led to crop deterioration, even though reservoir levels remain high. In several regions, yield losses are estimated between 15% and 25%.Despite lower arrivals, cotton prices in Gujarat have increased by nearly ₹200–₹2,000 in recent weeks. The price of cotton has risen from ₹57,500 to around ₹59,500 per candy (356 kg). However, traders note that overall arrivals remain low, with daily inflow in the state around 1,500–1,700 bales, compared to 5,000–6,000 bales nationwide.CAI officials stated that cotton sowing peaked at around 10 lakh hectares in June, but heavy rainfall after mid-August worsened crop conditions in key growing areas. July–August sowing has been less affected as crops were still at an early stage.Nationally, cotton acreage has also declined, falling to 111 lakh hectares from 123 lakh hectares last year across major producing states such as Punjab, Haryana, Gujarat, and Maharashtra.Experts warn that if heavy rains continue, crop damage and yield losses may increase further, putting additional pressure on both farmers and the cotton supply chain.Source: Bombay Samachar
Siddipet Cotton Crops Affected by Parawilt DiseaseFarmers are deeply concerned as cotton plants have started shedding leaves and bolls prematurely due to continuous rainfall.In Siddipet Persistent rains over the last few weeks have severely affected cotton crops in the erstwhile Medak district, leading to an outbreak of para wilt, also known as sudden wilt disease.This disease causes cotton plants to wilt suddenly, leaving farmers anxious as they notice leaves and bolls dropping early. Cotton is the primary crop in Sangareddy district and the second most important crop after paddy in Siddipet and Medak districts. With heavy rains battering the region for over two weeks, agriculture officials have reported widespread occurrences of sudden wilt in several areas.Markook mandal Agriculture Officer T Nagendar Reddy explained that plants with a higher number of cotton bolls are the most vulnerable to the disease. He advised farmers to regularly drain excess water from the fields and closely monitor the crops to prevent further damage. While some plants may survive the wilt, Reddy warned that cotton productivity is expected to decline significantly.Urging farmers to be cautious, Reddy emphasized avoiding excess water supply to the crops, especially in areas where plants are growing rapidly and bearing more bolls, as they are more prone to sudden wilt disease.Read More :> India to Produce Carbon Fibre by 2025-26: Textile Minister Giriraj Singh
In early trade, the rupee starts on a flat note against the US dollar at 83.95.Sensex down for 5th day, Nifty below 24,800The BSE Sensex fell 169.57 points or 0.21 per cent to 81,014.36. This was the fifth day of fall for the BSE barometer. The NSE Nifty fell 54 points or 0.22 per cent to 24,798.15. This index was down for the fourth straight session.Read More :> Container Shortage and Rising Shipping Costs Severely Impact Tirupur's Textile Industry
The textile industry in Tirupur is severely impacted by a shortage of containers and rising shipping costsThe textile export industry in Tirupur has been significantly impacted by a severe container shortage and a sharp increase in shipping costs over the past three months.Shipping plays a vital role in garment exports, especially from Tirupur to key markets such as Europe, the UK, the USA, and Arab countries. Goods are primarily shipped through the ports of Tuticorin, Chennai, and Kochi, with Tuticorin handling about 80% of Tirupur's exports.M P Muthurathinam, president of the Tirupur Exporters and Manufacturers Association, emphasized the importance of timely delivery in the export business. "Garments from Tirupur are transported by container trucks to Tuticorin, then shipped to Colombo, where they are transferred to larger vessels. However, the container shortage has severely disrupted this process, affecting the garment export business for the last three months. Three months ago, the cost of a 40-foot container was $1,700; it has now surged to $7,000 due to the shortage."India relies heavily on China for containers, where production delays have further exacerbated the issue. Previously, containers returning from China with imported goods were refilled with exports. However, they are now frequently sent back empty, as shipping companies prioritize routes to Europe and the USA, where they earn higher profits.An exporter noted that air freight costs are four times higher than sea freight, making shipping the preferred mode of transport. He stressed the need for India to start producing containers domestically. "The Union government should consider establishing public sector shipping firms to tackle the issue. Unfortunately, the Centre has not yet taken any significant steps in this direction. Export disruptions are treated as temporary, but they have long-term consequences on employment, trade, and foreign exchange earnings."K M Subramanian, president of the Tirupur Exporters Association, pointed out that the rising shipping costs have forced businesses to increase the prices of their products, making it difficult to compete with countries like Bangladesh and Vietnam. "In Tirupur, 90% of textile players are micro, small, and medium enterprises (MSMEs), with only 10% being large companies. The burden of increased shipping costs is especially hard on these smaller enterprises."
India Will Produce Carbon Fiber by 2025–2026: Giriraj Singh, the Textile MinisterUnion Textiles Minister Giriraj Singh announced on Friday that India is expected to start producing carbon fibre by 2025-26. Carbon fibre, a key material used in aerospace, civil engineering, and defence, is currently imported from countries like the US, France, Japan, and Germany. Singh expressed confidence that this niche product would soon be domestically produced.Addressing the media, Singh highlighted the growing importance of technical textiles across various sectors, stating, "The future belongs to technical textiles, and I am confident that India will produce carbon fibre by 2025-26."He also mentioned the European Union’s upcoming Carbon Border Adjustment Mechanism, a tax on embedded carbon imports, which is set to take effect in 2026, underscoring the urgency of local production.The minister praised the Narendra Modi-led government for initiatives that have reduced imports in sectors like hygiene. He credited the Production-Linked Incentive (PLI) scheme with boosting domestic production, noting, "We used to import diapers, but thanks to PM Modi’s PLI scheme, the industry has been revitalized."At a technical textiles event organized by Ficci, Singh reiterated the government’s commitment to developing the industry. Initiatives like the National Technical Textiles Mission (NTTM) and the PLI scheme for man-made fibre (MMF) fabrics and technical textiles were cited as key efforts.Singh highlighted 156 research projects under NTTM, including carbon fibre development and support for startups. He also pointed to innovations such as the North India Textile Research Association's (NITRA) work on Milkweed fibres, which are useful for cold-weather applications.Discussing export targets, Singh expressed confidence that India would surpass the $10 billion goal for technical textiles exports by 2030. He emphasized the potential of the Meditech sector, particularly hygiene products, and also identified Agrotech as a promising area for employment and daily use products.Singh concluded by expressing optimism about India’s ability to develop high-performance fibres with applications in aerospace, automotive, construction, and other fields.Read More :>PLI Benefits Likely to Expand to More Textile Items
PLI Advantages Are Probably Going to Spread to More Textile ProductsThe government is planning to extend the Production Linked Incentive (PLI) scheme to additional items in the textiles, pharmaceuticals, and solar photovoltaics (PV) sectors, while also considering increasing its duration from five to six years. This move is aimed at boosting domestic manufacturing, driving investments, and increasing production and exports. Launched in 2021 with a budget of ₹1.97 lakh crore, the PLI scheme offers subsidies to manufacturers based on their production output and capital spending in key sectors like semiconductors, among others. Although the scheme has seen considerable success in mobile manufacturing and holds potential for electronics, telecom, and food processing industries, its progress has been slower in areas like textiles and solar PV. In response, the government is now considering expanding PLI benefits to cotton garments, in addition to its current focus on man-made fiber (MMF) apparel, MMF fabrics, and technical textiles. Cotton garments represent a significant portion of India’s textile exports, which largely come from small mechanized looms.The expansion is intended to support large-scale industrial parks linked to global value chains, with a specific focus on man-made fibers and technical textiles, which have struggled due to lower investment levels. According to officials, cabinet notes on the proposed expansion have been submitted to the Prime Minister’s Office and are awaiting final approval.Since its launch, the PLI scheme has attracted ₹1.5 lakh crore in investments, generated production worth ₹10 lakh crore, and facilitated the disbursement of ₹10,000 crore in incentives. Despite these successes, the textile and apparel sector has seen a decline in exports, dropping to $35.94 billion in 2023-24 from a record high of $44.51 billion in 2021-22, according to the commerce ministry.In the pharmaceutical and solar PV sectors, additional items are also being considered for inclusion in the PLI scheme to improve its overall impact and utilization.PLI Benefits Likely to Expand to More Textile ItemsThe government is planning to extend the Production Linked Incentive (PLI) scheme to additional items in the textiles, pharmaceuticals, and solar photovoltaics (PV) sectors, while also considering increasing its duration from five to six years. This move is aimed at boosting domestic manufacturing, driving investments, and increasing production and exports. Launched in 2021 with a budget of ₹1.97 lakh crore, the PLI scheme offers subsidies to manufacturers based on their production output and capital spending in key sectors like semiconductors, among others. Although the scheme has seen considerable success in mobile manufacturing and holds potential for electronics, telecom, and food processing industries, its progress has been slower in areas like textiles and solar PV. In response, the government is now considering expanding PLI benefits to cotton garments, in addition to its current focus on man-made fiber (MMF) apparel, MMF fabrics, and technical textiles. Cotton garments represent a significant portion of India’s textile exports, which largely come from small mechanized looms.The expansion is intended to support large-scale industrial parks linked to global value chains, with a specific focus on man-made fibers and technical textiles, which have struggled due to lower investment levels. According to officials, cabinet notes on the proposed expansion have been submitted to the Prime Minister’s Office and are awaiting final approval.Since its launch, the PLI scheme has attracted ₹1.5 lakh crore in investments, generated production worth ₹10 lakh crore, and facilitated the disbursement of ₹10,000 crore in incentives. Despite these successes, the textile and apparel sector has seen a decline in exports, dropping to $35.94 billion in 2023-24 from a record high of $44.51 billion in 2021-22, according to the commerce ministry.In the pharmaceutical and solar PV sectors, additional items are also being considered for inclusion in the PLI scheme to improve its overall impact and utilization.Read More :> Farmers of North Gujarat worried about monsoon devastation
Farmers in North Gujarat fear the destruction caused by the monsoonMehsana: This year monsoon is proving to be a curse for the farmers of North Gujarat. Continuous rains have ruined major crops like cotton and castor. Crops are rotting due to waterlogging in the fields, which has wasted the hard work of the farmers and increased their concern.Due to heavy rains last week, most of the fields were submerged in water, and the water had not yet receded when the rain started again. Due to this, the cotton crop standing in the fields is on the verge of drying up. Farmers are losing sleep in the struggle to save their crops.The situation is especially serious in Kansa village of Visnagar taluka of Mehsana district, where the problem of waterlogging has increased due to sticky soil. About 15 to 17 thousand population of this village is dependent on agriculture, where cotton, castor and oilseeds are the main crops. This year continuous rains have caused heavy damage to these crops, and the concern of the farmers is increasing.Mukeshbhai Patel, a farmer of Kansa village, says that he has five bighas of land on which he had cultivated cotton, castor and oilseeds. But due to heavy rains, the castor and sesame crops have been completely ruined, while the production of cotton has also decreased drastically. Where usually 35 to 40 maunds of cotton were produced in one bigha, this time due to waterlogging, the production will hardly be even 20 maunds.This condition of the farmers has happened due to the uncertainty of monsoon and excessive rain, due to which their season has been completely affected.Read More :- Farmers of North Gujarat worried about monsoon devastation
This evening, the rupee strengthened by 3 paise to close at 83.95 against the dollar.At the end of trading, the Sensex closed at 81,183.93, down 1017.23 points or 1.24%. The Nifty closed at 24,852.15, down 292.98 points or 1.17%.Readmore:- Indian Textile Industry Poised to Reach $300 Billion by 2030, Aims for $100 Billion in Exports: Government
In early trade, the rupee gained 2 paise to 83.95 against the US dollar.Mumbai, Sep 6 (PTI) Rupee rose by 2 paise to 83.95 against the US dollar in early trade on Friday amid a weaker dollar against major currencies overseas.Read More :> Indian Textile Industry Poised to Reach $300 Billion by 2030, Aims for $100 Billion in Exports: Government
| title | Created At | Action |
|---|---|---|
| Cotton prices skyrocketed, 3% higher than MSP, prices will increase further due to less sowing | 11-09-2024 19:21:58 | view |
| Cotton Farmers in Telangana Face Uncertain Future Amid Weather Woes | 11-09-2024 18:33:28 | view |
| The rupee strengthened by 2 paise to 83.96 per dollar against the US currency. | 11-09-2024 17:30:33 | view |
| The rupee closed 2 paise lower at 83.98 against the US dollar this evening | 10-09-2024 23:18:33 | view |
| Gujarat: Cotton prices rise at Botad marketing yard and farmers' income rises | 10-09-2024 17:55:17 | view |
| Rupee Holds Steady Against US Dollar | 10-09-2024 17:24:08 | view |
| This evening, the rupee ended at Rs 83.96 per dollar, marking a decline of 1 paisa. | 09-09-2024 23:37:13 | view |
| Heavy Rainfall Hits Gujarat Cotton Crop, Production Expected to Fall Up to 15% | 09-09-2024 20:31:36 | view |
| Cotton Crops Affected by Parawilt Disease in Siddipet | 09-09-2024 18:06:27 | view |
| Rupee opens on flat note at 83.95 against US dollar in early trade | 09-09-2024 17:25:20 | view |
| Container Shortage and Rising Shipping Costs Severely Impact Tirupur's Textile Industry | 07-09-2024 18:35:55 | view |
| India to Produce Carbon Fibre by 2025-26: Textile Minister Giriraj Singh | 07-09-2024 18:25:21 | view |
| PLI Benefits Likely to Expand to More Textile Items | 07-09-2024 17:57:16 | view |
| Farmers of North Gujarat worried about monsoon devastation | 07-09-2024 00:32:36 | view |
| This evening, the rupee gained 3 paise against the dollar, ending the day at Rs 83.95. | 06-09-2024 23:34:50 | view |
| Rupee rose by 2 paise to 83.95 against the US dollar in early trade | 06-09-2024 17:36:45 | view |
