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 Rupee gains for second day, up 25 paise against dollar at 87.82The rupee opened at 87.82 against the dollar after ending the previous session at 88.07. Easing dollar index and strong Asian currencies also gave support to the rupee, currency experts said.read more :- Indian Rupee higher 20 Paisa, Ends at 88.07 per Dollar

The Indian rupee on wednesday higher 20 paise to close at 88.07 per dollar, while it opened at 88.27 in the morning.At close, the Sensex was up 575.45 points or 0.70 percent at 82,605.43, and the Nifty was up 178.05 points or 0.71 percent at 25,323.55. About 2393 shares advanced, 1587 shares declined, and 152 shares unchanged.read more :- Decline in textile-leather-kitchenware exports to America

Exports of textiles, leather, and kitchenware to the US declined.New Delhi: In August, after Washington imposed tariffs on New Delhi, India's exports of labor-intensive goods such as textiles, leather, gems and jewelry, and marine products declined.According to separate data released by the Ministry of Commerce and Industry, leather goods exports in August were down 11.9% compared to the previous year, while exports of pearls, precious and semi-precious stones fell 54.2%, and handmade carpets fell 13.85%.The US imposed a 25% tariff on all Indian-origin goods from August 7th, doubling it from August 25th.Growth in India's exports to the US fell to a nine-month low of 7.15% in August. Exports grew 18.06% in the first five months of this fiscal year.According to the data, exports of marine products to the US declined by 32.99%. Among other exports, tyres declined by 35%, gold and other precious metal jewellery by 18.6%, cotton readymade garments by 13.2%, and pharmaceutical formulations by 7.01%.Exports of key kitchen staples such as tea, spices, and basmati rice also declined by 27.43%, 9.79%, and 2.33%, respectively.read more :- CCI begins cotton procurement in Rajasthan, MSP ₹7860 per quintal

Rajasthan: Cotton procurement begins at MSP; CCI purchases at Rs. 7,860 per quintal. 8% moisture content is acceptable; registration on the app is mandatory .Hanumangarh. Agricultural Produce Market Committee Secretary Pandit Vishnudutt Sharma begins procurement at the MSP by applying tilak to farmers. Bhaskar Correspondent | Cotton procurement at the MSP began on Tuesday at the Junction Paddy Market in Hanumangarh district. The CCI has formally initiated the procurement by applying tilak to farmer Balveer Singh and miller Mahendra Mittal. The CCI will purchase cotton with moisture content up to 8% at a rate of Rs. 7,860 per quintal. Any moisture content between 8 and 12 percent will be deducted as per regulations. The CCI will not purchase cotton with moisture content above 12 percent. However, only one trolley was purchased on the first day. The moisture content was within CCI guidelines. According to CCI Senior Commercial Officer Kewalkrishna Sharma, the contract process with millers is almost complete. The procurement process will accelerate further in the next day or two. Most importantly, this time, CCI has initiated online registration for cotton procurement at MSP. The "Kisan Kapas" app has been launched for this purpose. Only farmers who register on the app will be able to sell their produce to CCI at MSP.Regional Deputy Director Devi Lal Kalwa, Trade Board President Kulveer Singh, trader Nitin Goyal, Accountant Mangilal Sharma, and supervisor Asaram were present at the procurement launch. The central government has set the support price for medium-staple cotton at ₹7,710 per quintal for 2025-26, and the MSP for long-staple cotton at ₹8,110 per quintal. In Hanumangarh district, cotton fiber is longer than medium-staple cotton and shorter than long-staple cotton. Therefore, CCI has set the price at ₹7,810. Last year, the price of medium-staple cotton was fixed at ₹7,121 per quintal and that of long-staple cotton at ₹7,521 per quintal. Due to low production last year, procurement at the support price was not possible. Traders purchased the produce through open auction. Last season, the average market price was ₹6,500 to ₹7,000 per quintal. This time, market prices are significantly lower than the support price, ranging from ₹6,800 to ₹7,300 per quintal.Due to the market price being approximately ₹1,000 per quintal lower than the MSP, farmers were suffering significant financial losses. Consequently, farmer organizations demanded an early resumption of procurement. Cotton procurement at MSP has begun, and farmers are being encouraged to register. For the first time, the CCI has initiated an online registration process for farmers selling cotton at MSP. To achieve this, the Cotton Corporation of India Limited (CCI) has launched the "Kapas Kisan" mobile app. Farmers can install the app from the Google Play Store. Farmers can self-register through the app, based on their Aadhaar. The registration process began on September 1st. The deadline is October 31st, which is likely to be extended to December 31st. According to CCI officials, CCI has launched the app for registration for farmers' convenience.Registration can be done by uploading valid land records, including details of the cotton sown area, duly certified by the relevant revenue authority/agriculture department/agricultural extension authority. After self-registration, the farmers' data uploaded to the mobile app must be approved by the relevant state government authority through the mobile app. For this purpose, a separate login ID will be provided to the state authority. To avoid overcrowding at procurement centers, CCI will launch a slot booking facility for registered farmers through the "Cotton Farmer" mobile app. Farmers can book slots on a 7-day rolling basis.Farmers will be able to select a date as per their convenience, depending on the availability of slots. ^Government procurement of cotton at the support price has begun at the Hanumangarh Junction Paddy Market. Registration is ongoing on the Kisan Kapas App. CCI will purchase from the farmer only after registration. Farmers are being made more aware of the need for registration. Kewalkrishna Sharma, Senior Commercial Officer, CCI

 Rupee opens 52 paise up as dollar eases on renewed hopes of US Fed rate cutsThe rupee opened at 88.27 against the dollar after ending the previous session at 88.79.read more :- INR Drops 05 Paise, Closes at 88.79 per Dollar

The Indian rupee on tuesday lower 05 paise to close at 88.79 per dollar, while it opened at 88.74 in the morning.At close, the Sensex was down 297.07 points or 0.36 percent at 82,029.98, and the Nifty was down 81.85 points or 0.32 percent at 25,145.50. About 1140 shares advanced, 2692 shares declined, and 97 shares unchanged.read more :- "Indian exports to Europe, breaking US tariffs"

Indian textile exporters are turning to Europe, offering discounts to offset US tariffs.Industry officials said Indian textile exporters are seeking new buyers in Europe and offering discounts to existing US customers to protect them from the impact of steep US tariffs of up to 50%.President Donald Trump doubled tariffs on Indian imports in August, making them among the highest for any trading partner, affecting goods and products ranging from clothing and jewelry to shrimp.A Mumbai-based textile exporter, speaking on condition of anonymity before signing export contracts, said his company is prioritizing diversification into EU markets and that an imminent trade agreement with the bloc would help boost shipments from India.Trade negotiations between India and the European Union have entered a decisive phase, as their teams work intensively to meet the year-end target of signing a free trade agreement.The European Union is India's largest trading partner, with bilateral trade expected to reach $137.5 billion in the fiscal year ending March 2024, a nearly 90% increase over the past decade.Textile exporters said Indian exporters are accelerating efforts to meet the EU's stringent standards on chemicals, product labeling, and ethical sourcing.Rahul Mehta, whose website describes him as the chief patron of the Indian Textile Manufacturers Association, said exporters are upgrading production facilities to meet these standards.Mehta further said that exporters are also keen to reduce their dependence on the United States.In the fiscal year ending March 2025, the United States was India's largest textile and apparel market, accounting for about 29% of total exports of approximately $38 billion.Vijay Kumar Agarwal, president of Mumbai-based Creative Group, whose US exports account for 89% of its total exports, said some exporters have started offering discounts to retain US customers.Aggarwal said that if US tariffs continue to rise, the company could lose 6,000 to 7,000 of its 15,000 employees and consider shifting production to Oman or neighboring Bangladesh after six months.read more :- Andhra Pradesh: Delay in CCI procurement affects cotton farmers in Andhra Pradesh

Andhra pradesh : Cotton farmers in AP hit by CCI procurement delaysGuntur: Cotton farmers across Andhra Pradesh are facing deep uncertainty as the Cotton Corporation of India (CCI) continues to delay procurement operations for the current season. Despite repeated assurances, procurement centres remain non-functional, leaving thousands of growers vulnerable to exploitation by private traders offering rates far below the official Minimum Support Price (MSP).The Centre's announcement of an MSP of ₹8,110 per quintal had initially raised hopes of financial relief. But in the absence of timely procurement, farmers in key cotton-producing districts—Guntur, Kurnool, Anantapur, and Prakasam—say they are being forced to sell at throwaway prices ranging from ₹5,000 to ₹6,000 per quintal.Many farmers have accused the CCI of "bureaucratic negligence" for not opening centres despite favourable harvest conditions. "Every year, they make big promises, but when the crop arrives, we're left waiting. By the time centres open, most of us have already sold to repay loans," said a farmer from Guntur.The much-publicised Kapas Kisan App, launched to simplify registration and provide market updates, has also failed to deliver. Farmers report technical glitches, lack of guidance, and no real-time support. "It's just another app with no accountability," said a cotton grower from Kurnool.Agriculture experts warn that the delay could trigger a financial crisis for cotton farmers, many of whom rely solely on the crop for annual income. "CCI's slow response has created panic in rural markets. Without swift intervention, small and marginal farmers will suffer heavy losses," said an agricultural economist.Despite mounting criticism, officials insist procurement will begin soon, citing administrative delays. But with prices already collapsing, farmers fear irreversible damage. Unless CCI acts quickly and opens all centres, the festive season may turn bleak for Andhra Pradesh's cotton growers.read more :- Cotton in Kukshi Mandi is ₹1100 less than the MSP, farmers demand purchase from CCI

Madhya Pradesh: Cotton sold at ₹1,100 less than MSP in Kukshi Mandi: Farmers angry, demand CCI to purchase at the support priceCotton farmers in Kukshi Mandi are currently in distress. The Cotton Corporation of India (CCI) has not yet started purchasing cotton at the MSP, forcing farmers to sell their crop at throwaway prices.On Tuesday, 1,535 quintals of cotton arrived at Kukshi Mandi. The average market price (model price) was ₹6,595 per quintal. Farmers say this price is approximately ₹1,100 per quintal less than the support price.With Diwali approaching, small farmers are forced to reach the market to sell their cotton, resulting in significant losses.Farmer leader Rajendra Patidar stated that despite protests and submissions last month, CCI has not started purchasing. Farmers Kailash Manohar and Pradeep Patidar also expressed concern over the low prices. Farmers demand that procurement should have begun in early October.Why the delay in procurement?Market Secretary H.S. Jamra explained that the reason CCI procurement hasn't begun is that an agreement has not yet been reached with the ginning industry regarding cotton ginning. The issue is pending regarding ginning rates. He expressed hope that this impasse will soon be resolved and procurement will begin.CCI local official Uday Patil also confirmed that procurement will begin only after an agreement has been reached.read more :- Rupee open Falls 07 Paise to 88.74/USD

 Rupee opens  07 paise down at 88.74 against dollarIndian rupee opened marginally lower at 88.74 per dollar on Tuesday versus Monday's close of 88.67.read more :- Maharashtra: Quality Based Cotton Policy

Maharashtra is charting a quality-based future for cottonMumbai: Maharashtra is charting a quality-based future for cotton by aligning with global practices.Maharashtra's cotton sector took a decisive step towards strengthening its global competitiveness with a high-level workshop titled "Promoting Cotton Value Chain Development by Focusing on Quality, Productivity, Production, and Market Access" held at the Indian Institute of Management (IIM) Nagpur.Jointly organized by the Balasaheb Thackeray Agribusiness and Rural Transformation (SMART) Project, Maharashtra Transformation Institute (MITRA), Maharashtra Village Social Transformation Foundation (VSTF), Indo Cotton Development Association, Grant Thornton, and Palladium Consulting India Private Limited, this one-day state-level workshop brought together government leaders, industry leaders, farmer producer companies (FPCs), and textile stakeholders to develop an integrated roadmap for sustainable cotton value chain development in Maharashtra.Praveen Pardeshi, Chief Economic Advisor to the Chief Minister of Maharashtra and CEO of MITRA, said, "We need to align agricultural practices, contamination control, and market reforms with global standards, such as the Kasturi Cotton Bharat initiative—India's national cotton quality and traceability program."Dr. Rajaram Dighe, CEO of VSTF, emphasized the need to align India with global cotton textile standards, focusing not only on quality but also on achieving complete traceability across the cotton value chain.Dr. Hemat Wasekar, Project Director of SMART, emphasized the strategic need to shift from a quantity-based cotton production approach to a quality and value-based approach.Additional Chief Secretary (Agriculture) Vikas Chandra Rastogi highlighted the Maharashtra government's commitment to modernizing the sector through technology adoption, farmer training, and FPO linkages with premium buyers.As international brands increasingly prioritize sustainable and traceable cotton, Maharashtra's integrated value-chain approach—connecting FPOs, modern ginning units, and premium buyers—positions the state to capture new export opportunities.Speakers said that the synergy between improved cotton, Kasturi Bharat, and BIS certification frameworks is expected to increase market premiums and boost farmer incomes.read more:-  New date for cotton purchase registration announced