Rupee falls 17 paise to open at 83.21 against the US dollarThe Indian rupee opened 17 paise lower against the US dollar on Tuesday weighed down by a stronger greenback and spike in US treasury yields that rose to fresh multi-year highs after the US averted a partial government shutdown. The local currency opened at 83.21 a dollar as against previous close of 83.04.Stock market crashes, Sensex falls by 299 points Today started with a decline in the stock market. Today BSE Sensex opened with a fall of 298.58 points at the level of 65529.83 points. Whereas NSE's Nifty opened with a fall of 94.90 points at the level of 19543.40 points.
This evening, the rupee strengthened by 14 paise and closed at Rs 83.04 against the dollar.Stock market is booming, Sensex 320 points strongerToday the stock market closed with a rise. Today Sensex closed at 65828.41 points with a rise of 320.09 points. Whereas Nifty closed at the level of 19638.30 points with a gain of 114.80 points.
Pakistan: Cotton market remains stable.LAHORE: The local cotton market remained stable on Thursday with low trading volume.Cotton analyst Naseem Usman said that the cotton rate in Sindh is Rs 16,500 to Rs 18,500 per maund.The rate of footi in Sindh is between Rs 6,000 to Rs 7,800 per 40 kg. The rate of cotton in Punjab is between Rs 17,500 to Rs 18,500 per maund and the rate of cotton in Punjab is between Rs 7,000 to Rs 8,800 per 40 kg. The rate of cotton in Balochistan is between Rs 16,800 to Rs 17,000 per maund while the rate of cotton is between Rs 7,500 to Rs 9,000 per 40 kg.200 bales of Ghotki were sold at Rs 18,500 per maund (Primark), 800 bales of Tando Edam were sold at Rs 16,900 to Rs 17,200 per maund, 800 bales of Shahdad Pur were sold at Rs 16,700 to Rs 17,200 per maund. 1000 bales were sold in Rani Pur, 200 bales of Saleh Pat were sold at Rs 17,300 to Rs 17,700 per maund, 600 bales of Halani, 800 bales of Karaundi were sold at Rs 17,300 to Rs 17,500 per maund, 1000 bales of Mehraab Pur were sold at Rs 17,500 per maund. Yes. Rs 17,600 per maund, 400 bales of Lodharan were sold at Rs 17,650 per maund, 200 bales of Chishtian at Rs 18,300 per maund, 800 bales of Miyan Wali were sold at Rs 18,300 to Rs 18,500 per maund, 200 bales of Donga Bonga were sold at Rs. Rs 18,200 per maund, 600 bales of Laiya were sold at Rs 18,200 to Rs 18,300 per maund, 400 bales of Toba Tek Singh were sold at Rs 17,850 per maund, 500 bales of Burewala were sold at Rs 17,700 to Rs 17,800 per maund. 1000 bales of Maund, Rahim Yar Khan were sold at Rs 18,000 to Rs 18,200 per maund, 800 bales of Harunabad were sold at Rs 18,200 to Rs 18,300 per maund, 400 bales of Fort Abbas, 200 bales of Marot were sold at Rs 18,200. Sold at the rate of per maund. 1000 bales of maund, Chichawatni were sold at the rate of Rs 18,000 per maund.Spot rate remained unchanged at Rs 17,700 per maund. Polyester fiber was available at Rs 378 per kg.
Estimates of 10 to 50% loss in cotton fields from Rajasthan to Haryana.The damage caused by pink bollworm is more widespread and severe than ever beforeIn Hanumangarh, Rajasthan, Sukhdev Singh has been growing cotton on six acres for decades, even before the advent of genetically modified Bt hybrids.Pink bollworm (PBW) can be blamed for Leo's troubles. Outbreaks of this pest are common in the cotton belt of northern Rajasthan, Haryana and south-western Punjab since 2021. But this time the damage reported is much more extensive and serious. Even on Thursday, the Rajasthan government announced that farmers in Hanumangarh and Ganganagar districts whose crops have been affected will get relief within 10 days.PBW larvae penetrate the developing fruits (bolls) of cotton plants, and damage affects both the weight and quality of harvested bolls containing lint fiber and seeds.From Hanumangarh and Ganganagar in Rajasthan to Sirsa districts of Haryana, The Indian Express found varying degrees of pest infestation on cotton (raw unginned cotton) plants. In many farms, the damage was almost complete, rendering all efforts made to no avail.“The Bt seeds we sow now are not working against PBW. Yet there is no one to monitor or assess the damage. We noticed the damage in July and informed the pesticide dealers. They simply prescribed more pesticides, but they were not effective,” said Gursewak Singh, a farmer. He said agriculture department officials asked him to sow seeds in more widely spaced rows, but that too did not work.Sukhpal Singh, who farms on 2.5 acres in Bangu village of Sirsa, expects a yield of 2.5 quintals of cotton per acre this year. In 2020, before PBW was first observed, it was 10 quintals per acre. Singh has to pay Rs 9-10 per kg to laborers who pick his cotton. Earlier, due to ease of picking, they used to charge Rs 7 per kg. Now, as the granaries have either shrunk or closed completely, workers are unwilling to accept lower wages.Including the amount invested by Singh for seeds, fertilizers and pesticides, diesel and labour, the cost of cotton cultivation comes to around Rs 15,000 per acre. A yield of 2.5 quintals would fetch him Rs 17,250 (at Rs 7,000 per quintal, but varying according to quality), he would hardly be able to make any money. “Sometimes, I feel it would be better to leave the field fallow rather than growing this crop. Next year I will cultivate guar. It may not even give any returns, but it would be better if I wait until a better variety of cotton comes in the market,'' he said.Singh estimates he will get around Rs 8,000 per acre from guar: “We are back to where we were 20 years ago, before the advent of Bt seeds.”Dr CD Mayi, chairman of the South Asia Biotechnology Centre, a Jodhpur-based agricultural science organisation, said Bt cotton – which contains genes from soil bacteria that code for proteins toxic to the American bollworm – has demonstrated its efficacy against PBW. Have lost.“Farmers had to plant non-Bt cotton along with BT on the edges of the field. Growing non-Bt as a cover crop would have delayed the evolution of resistance to PBW and prolonged the life of Bt. The apathy and absence of monitoring from the state agriculture department also did not help,” Mayi said.Both the state governments are fully aware of this crisis. Haryana Agriculture Director Dr. Narhari Bangar said that according to his estimates for this season, there has been 50 percent loss in the 25 percent areas where cotton is cultivated. “The Haryana government gives compensation in two ways – insurance and disaster relief fund. If the loss is more than 25 percent, the disaster relief fund will come. We are monitoring the situation and issue an advisory every 15 days. We also visited the area on September 1 to assess the damage caused this season,” he said.Rajasthan Agriculture Commissioner Gaurav Aggarwal said that according to his estimate there has been a loss of 10-50 percent. “We will find out the actual loss after this year's harvest experiment... Pink bollworm infestation is higher this year because of the early rains which make it favorable for the insects to grow and flourish.”Source: The Indian Express
Indian rupee strengthened against US dollarAfter closing at Rs 83.24 on Wednesday, the rupee opened 2 paise higher at Rs 83.22 against the dollar.Share market rose today, Sensex opened 129 points higher.Today the stock market started with a rise. Today BSE Sensex opened at 66248.15 points with a rise of 129.46 points. Whereas NSE's Nifty opened at the level of 19746.80 points with a gain of 30.30 points.
In the evening, the rupee strengthened by 1 paise and closed at Rs 83.22 against the dollar.Share market rises, Sensex closes 173 points higherToday the stock market closed with a rise. Today Sensex closed at 66118.69 points with a gain of 173.22 points. Whereas Nifty closed at the level of 19716.50 points with a gain of 51.80 points.
Rupee once again opens flat against dollar, Asian currencies fallThe domestic currency was trading at 83.24 against a dollar, up 0.01 per cent from its previous close of 83.23. Rupee opened at 83.22.Today started with a decline in the stock market.Today BSE Sensex opened at 65777.04 points with a gain of 168.43 points.Whereas NSE's Nifty opened at the level of 19618.80 points with a gain of 45.90 points.
This evening, the rupee closed at Rs 83.23 against the dollar with a weakness of 9 paise.Further decline in stock market, Sensex closed down by 78 pointsToday the stock market closed with a decline. Today the Sensex fell by about 78.22 points and closed at the level of 65945.47 points. Whereas Nifty fell by 9.80 points and closed at the level of 19664.70 points.
Fall in processing charges good news for textile unitsAhmedabad: Textile processing units, which are undergoing a rough patch, have seen job work processing charges come down. Prices of coal and colour chemicals have significantly decreased despite fluctuations, also bringing down the average charges for the units by around 15%.For most Ahmedabad-based units, which are running at around 60% capacity due to low demand and high competition, this reduction brings good news.Gaurang Bhagat, president of Maskati Kapad Market Mahajan said, “Input costs have decreased so traders are now getting their job work done at lower prices. This is good for Ahmedabad’s processing sector because many traders place job work orders for rayon and polyester in Surat due to cost advantage.”Director of a leading textile processing house said, “Competition is high in this sector. Although there have been some fluctuations, overall, the prices of coal, lignite and colour chemicals have come down in the last six months.Around three months ago, coal accounted for 27% of our total cost, which has now come to around 23%.Similarly, colour chemicals prices are significantly down from their high three to four months ago.”Naresh Sharma, former vice president of Ahmedabad Textile Processors’ Association (ATPA) said, “Various units have made changes in processing based on their order flow. While input costs have come down, overall orders are low. So, to utilise capacities, some units have reduced their processing charges.”A senior official of the Gujarat Mineral Development Corporation (GMDC) said, “Domestic lignite prices have seen a decline in the past few months. In the last six months, prices are down to the range of Rs 800-Rs 1,300 per tonne for various mines. Currently, lignite from Mata no Madh and Umarsar costs Rs 2,770 per tonne and Rs 2,360 per tonne from Bhavnagar, excluding transportation cost.”
Rupee fell 4 paise to 83.19 against US dollarSensex and Nifty opened with nominal gainsToday the stock market started with a rise. Today BSE Sensex opened at 66024.41 points with a rise of about 0.72 points. Whereas NSE's Nifty opened with a gain of 10.00 points at the level of 19684.50 points.The Indian rupee opened 5 paise lower against the US dollar on Tuesday amid a strong US currency and rise in treasury yields overseas. The local currency opened at 83.19 per dollar compared to the previous close of 83.1
India's monsoon starts delayed retreatIndia's monsoon rains started withdrawing from the northwest of the country on Monday, more than a week later than normal, the state- run India Meteorological Department (IMD) said in a statement.The monsoon, the lifeblood of India's $3 trillion economy, delivers nearly 70% of the rain needed to water its farms and recharge reservoirs and aquifers.The monsoon generally begins in June and starts to retreat by Sept. 17 but rains continued this year, helping to reduce a precipitation deficit after the driest August in more than a century hit some summer crops.Monsoon rains were 9% below average in June before rebounding to 13% above average in July. The weather office then registered 36% below average rains last month.Monsoon rains so far in September are 17% above average, according to IMD."The southwest monsoon has withdrawn from some parts of Rajasthan. Conditions are favourable for the withdrawal of the monsoon from more northern states in the next one week," a senior IMD official said.
In the evening, the rupee closed at Rs 83.15 with a weakness of 22 paise against the dollar.Stock market saved from declineThere was stability in the stock market today. Today Sensex closed at 66023.69 points with a gain of 14.54 points. Whereas Nifty closed at the level of 19674.50 points with a gain of 0.20 points.
Cotton production next season expected to be about 330 lakh bales, says cotton federationIndia is expected to see production of 330 lakh to 340 lakh bales (each 170 kg) of cotton in 2023-2024 cotton season that begins on October 1, said J. Thulasidharan, president of the Indian Cotton Federation, in Coimbatore city on September 24.He said at the annual general meeting of the federation that sowing had crossed 12.7 million hectares. In the current season that would end this month, 335 lakh bales of cotton had arrived in the market and even now, with just a few more days for the season to end, 15,000 to 20,000 bales were coming to the market. Some of it was new harvest from Karnataka and the northern cotton growing States.The trend may continue during the next cotton season. The Central government has increased the Minimum Support Price (MSP) for cotton by 10 % and at present the market prices are above the MSP. The demand for cotton from the textile industry was low this year and most of the textile units functioned at less than optimum capacity, he said.According to P. Nataraj, vice president of the federation, import of extra long staple cotton was affected this season due to 11% import duty, though there was partial relaxation for imports from Australia, South Africa etc. There is a need to increase the yield in the cotton farms in India by adopting best practices.Secretary of the federation Nishant Asher said export of yarn and finished textile goods though affected by recessionary trend had seen a revival recently.source : The Hindu Bureau
Rupee falls 11 paise to open at 83.04 against the US dollarThe Indian rupee opened 11 paise lower against the US dollar Monday weighed down by broader strength in the greenback and soaring US treasury yields. The local currency opened at 83.04 a dollar as against Friday’s close of 82.93.*The stock market opened with a rise and immediately fell.**Today started with a decline in the stock market. Today BSE Sensex opened with a fall of 75.01 points at the level of 65934.14 points. Whereas NSE's Nifty opened with a fall of 23.70 points at the level of 19650.60 points.*
SIMA's new president urges government to announce new technology mission for cottonSundararaman, managing director of Coimbatore-based Shiva Texyarn Ltd, has been elected as the president of the Southern India Mills Association for 2023-24.There is an urgent need for the Center to announce a new technology mission for cotton with large scale funding. This has become necessary as more than 7 million farmers and 35 million people in the textile value chain are directly dependent on the availability of quality cotton at internationally competitive rates, said KS Sundararaman, newly elected president of the Southern India Mills Association (SIMA). ,Sundararaman, managing director of Coimbatore-based Shiva Texyarn Ltd, was elected president for 2023-24 at the 64th annual general meeting of the association held on Thursday.Durai Palanisamy, executive director of Pallava Textiles P Ltd, Erode, was elected vice-chairman and S Krishnakumar, managing director of Sulochana Cotton Spinning Mills P Ltd, Tiruppur, was elected vice-chairman, according to a release.India's average cotton productivity is only around 430 kg per hectare, while more than 20 cotton-producing countries achieve an average above 1,500 kg per hectare. Lauding the pilot project launched by the Agriculture Ministry with a budget outlay of ₹44.2 crore on the intervention of the Textiles Ministry, Sundararaman said there is an urgent need to import modern seed technology and adopt global best practices in agronomy. This will increase the income of farmers three times and the country will become a major player in the cotton textile industry.The Indian textile and clothing industry has been facing challenges in recent times mainly due to structural issues on the raw material front, tariff and non-tariff barriers, high cost of production and scale of operations, high transportation and capital costs and other external factors. Have to face. ,Notably, it is the second largest employment provider after agriculture, generating employment for over 110 million people, generating over ₹30,000 crore GST revenue and $44 billion foreign exchange earnings, the release said .The industry focused on cotton and its textile products, taking advantage of the abundant availability of domestic cotton, which was available at 5 percent to 10 percent less than the international cotton price.However, this profit has declined in recent years due to the dominance of multinational cotton traders, imposition of 11 per cent import duty and speculative trading on the MCX cotton futures platform. Man-made fiber (MMF) and yarn producers were protected by heavy anti-dumping duty of up to 23 per cent.He appreciated the initiative of the Center in removing anti-dumping duty on all raw materials, especially polyester staple fiber and viscose staple fiber—major MMF raw materials. However, the smooth supply of MMF and filaments has been stopped due to the new quality control orders as BIS has not considered most of the raw material suppliers in India, he said.The ban on imports under the Advance Authorization Scheme has created a stir. He said that MMF Value Chain has established its eponymous business based on certain commitments. They also have large export obligations under EPCG as they have made huge investments in imported machinery by availing duty free concession, the release said.
Telangana: Change in trend of Khammam cropChanging Crop Trends: Farmers in Khammam district have been altering their crop choices due to irregular rainfall and the increased demand for chili.Cotton Area Decrease: The cotton cultivation area has decreased as the prices offered for cotton in the previous year did not meet the farmers' expectations. Additionally, cotton is highly dependent on rainfall, which was not as expected during the sowing season.Cotton vs. Chili: The normal area for cotton cultivation in the district was around 2,28,011 acres. However, in the current year, it has reduced to 1,83,266 acres, while chili cultivation has increased to about 80,000 acres compared to the normal 57,000 acres.Chili Prices: The Teja variety of chili, in particular, fetched high prices of over Rs 25,000 per quintal in the previous season, making it an attractive choice for farmers.Paddy Cultivation Decrease: The area under paddy cultivation has also decreased this year, with 2,63,820 acres sown by September 20, compared to 2,82,387 acres the previous year.Overall Agricultural Area: The total cultivated area in the district has reduced this year, with 4,66,323 acres under cultivation by September 20, accounting for 86.33 percent of the normal cultivated area, which is typically 5,65,824 acres.
Telangana: Change in trend of Khammam cropChanging Crop Trends: Farmers in Khammam district have been altering their crop choices due to irregular rainfall and the increased demand for chili.Cotton Area Decrease: The cotton cultivation area has decreased as the prices offered for cotton in the previous year did not meet the farmers' expectations. Additionally, cotton is highly dependent on rainfall, which was not as expected during the sowing season.Cotton vs. Chili: The normal area for cotton cultivation in the district was around 2,28,011 acres. However, in the current year, it has reduced to 1,83,266 acres, while chili cultivation has increased to about 80,000 acres compared to the normal 57,000 acres.Chili Prices: The Teja variety of chili, in particular, fetched high prices of over Rs 25,000 per quintal in the previous season, making it an attractive choice for farmers.Paddy Cultivation Decrease: The area under paddy cultivation has also decreased this year, with 2,63,820 acres sown by September 20, compared to 2,82,387 acres the previous year.Overall Agricultural Area: The total cultivated area in the district has reduced this year, with 4,66,323 acres under cultivation by September 20, accounting for 86.33 percent of the normal cultivated area, which is typically 5,65,824 acres.
This evening, the rupee strengthened by 16 paise and closed at Rs 82.93 against the dollar.Stock market falls for the fourth consecutive day, Sensex falls by 221 pointsToday the stock market closed with a decline. Today Sensex fell by 221.09 points and closed at the level of 66009.15 points. Whereas Nifty closed at the level of 19674.30 points with a fall of 68.00 points.
This evening the rupee closed at Rs 83.09 against the dollar with a weakness of 2 paise.Heavy fall in Sensex again, closed down by 571 pointsToday the stock market closed with a decline. Today Sensex fell by about 570.60 points and closed at the level of 66230.24 points. Nifty fell by 159.10 points and closed at the level of 19742.30 points.
Pakistan: Strong stance on Cuban market.LAHORE: The local coin market remained stable and trading volume remained steady on Wednesday.Cotton valuable Naseem Usman said that the coin price in Sindh is Rs 17,500 to Rs 18,500 per maund. The rate of footy in Sindh is between Rs 7,800 to Rs 8,800 per Rs 40 lakh. The coin rate in Punjab is between Rs 19,000 to Rs 19,500 per maund and the footi rate in Punjab is between Rs 8,500 to Rs 9,000 per maund of Rs 40 lakh. The rate of Cuba in Balochistan ranges from Rs 18,500 to Rs 19,000 per maund while the rate of footi ranges between Rs 8,500 to Rs 9,500 per 40 maund.About 1800 intestines of Saleh Pat were released at the rate of Rs 18,600 per maund, 400 intestines of Ghotki were released at the rate of Rs 19,300 per maund, 2000 intestines of Hinad Pur were released at the rate of Rs 17,500 per maund and Rs 18,500 per maund. , Consortium of 1400 bowel studies. Rs 17,500 to Rs 18,200 per maund, Tando Adam was sold at Rs 1800 per maund, Rs 17,500 to Rs 18,500 per maund, Mirpur Khas was sold at Rs 800 per maund, Rs 18,200 per maund, Aronabad was sold at Rs 1200 per maund, Rs 19,300 per maund. Per maund, 2000 motorcycles of Sadiqabad, 600 motorcycles of Faqir Wali, 600 motorcycles of Chistan, 2000 motorcycles of Rahim Yar Khan, 800 motorcycles of Ahmedpur East at Rs 19,500 per maund, 800 motorcycles of Tonsa Sarfaraz at Rs 19,200 per maund. per maund, 600 maunds of Mian Wali at Rs 19,500 per maund, 1000 maunds of Lai at Rs 19,200 per maund, 200 maunds of Shujabad at Rs 19,600 per maund, 200 maunds of Gojra, 200 maunds per maund. 200 stories of Mongi Bungalow, 200 stories of Karo Lal, 200 stories of Bhakar at the rate of Rs 19,400 per maund, 400 intestines of per maund earned at the rate of Rs 19,200 per maund, 400 stories of Company Ghazi Khan at the rate of Rs 19,200 per maund. Graduated from.Hajj rate is at Rs 19,000 per head. The resort was available at Rs 383 per resort.
| title | Created At | Action |
|---|---|---|
| Rupee falls 17 paise to open at 83.21 against the US dollar | 03-10-2023 16:14:48 | view |
| This evening, the rupee strengthened by 14 paise and closed at Rs 83.04 against the dollar. | 29-09-2023 23:21:54 | view |
| Pakistan: Cotton market remains stable. | 29-09-2023 18:03:26 | view |
| Estimates of 10 to 50% loss in cotton fields from Rajasthan to Haryana. | 29-09-2023 16:03:27 | view |
| Indian rupee strengthened against US dollar | 28-09-2023 17:50:22 | view |
| In the evening, the rupee strengthened by 1 paise and closed at Rs 83.22 against the dollar. | 27-09-2023 23:46:48 | view |
| Rupee once again opens flat against dollar, Asian currencies fall | 27-09-2023 17:52:39 | view |
| This evening, the rupee closed at Rs 83.23 against the dollar with a weakness of 9 paise. | 27-09-2023 00:17:00 | view |
| Fall in processing charges good news for textile units | 26-09-2023 18:23:11 | view |
| Rupee fell 4 paise to 83.19 against US dollar | 26-09-2023 17:32:46 | view |
| India's monsoon starts delayed retreat | 26-09-2023 00:50:37 | view |
| In the evening, the rupee closed at Rs 83.15 with a weakness of 22 paise against the dollar. | 25-09-2023 23:47:59 | view |
| Cotton production next season expected to be about 330 lakh bales, says cotton federation | 25-09-2023 17:37:32 | view |
| Rupee falls 11 paise to open at 83.04 against the US dollar | 25-09-2023 16:15:46 | view |
| SIMA's new president urges government to announce new technology mission for cotton | 23-09-2023 21:31:13 | view |
| Telangana Change in trend of Khammam crop | 23-09-2023 17:42:47 | view |
| Telangana: Change in trend of Khammam crop | 23-09-2023 17:42:00 | view |
| This evening, the rupee strengthened by 16 paise and closed at Rs 82.93 against the dollar. | 22-09-2023 23:51:09 | view |
| This evening the rupee closed at Rs 83.09 against the dollar with a weakness of 2 paise. | 21-09-2023 23:25:35 | view |
| Pakistan: Strong stance on Cuban market. | 21-09-2023 18:02:35 | view |
