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The Indian rupee on friday higher 10 paise to close at 88.69 per dollar, while it opened at 88.79 in the morning.At close, the Sensex was up 328.72 points or 0.40 percent at 82,500.82, and the Nifty was up 103.55 points or 0.41 percent at 25,285.35. About 2334 shares advanced, 1657 shares declined, and 154 shares unchanged.read more :- India-Russia textile cooperation strengthens

Russia, India agree to further strengthen cooperation in the textile sectorIndia and Russia recently agreed to further strengthen their cooperation in the textile sector, expanding production and promoting trade in finished garments, raw materials, and equipment.According to a release from the Russian Ministry of Industry and Trade, discussions took place in Moscow earlier this month between Russian Deputy Ministers of Industry and Trade Alexei Gruzdev and Ivan Kulikov and Indian Minister of State for Textiles Pabitra Margherita.Margarita also inaugurated the 'Best of India - Indian Apparel and Textiles Fair' held in Moscow from October 1 to 3. The fair was organized by India's Handloom Export Promotion Council (HEPC).The discussions focused on the comprehensive development of the light industry sector. Both sides agreed to encourage cooperation between Indian manufacturers and leading Russian brands, retail chains, and e-commerce platforms. Both countries will also support textile-focused trade fairs and exhibitions.In particular, Indian partners were invited to participate in the International Exhibition and Forum for Commercial and Investment Real Estate, Logistics, Retail and E-Commerce MALLPIC in Sochi from 19 to 21 November, as well as the International Technical Textiles Forum in Moscow on 18 December.read more :- Haryana: Rain destroys 3.4 lakh acres of crops

Haryana: Rains Destroy Paddy and Cotton, Affecting 3.4 Lakh Acres of Crops in HisarHeavy rains accompanied by strong winds between October 5th and 8th have wreaked havoc on Kharif crops in Hisar district, causing significant damage to paddy and cotton fields.The situation is equally dire for cotton growers. The cotton crop, already severely affected by heavy rains in early September, has suffered further damage. According to reports, the recent rains have affected 185,705 acres of cotton fields, with losses ranging from 26 to 100 percent.According to reports, in total, approximately 342,722 acres of crops in the district have suffered damage ranging from 26 to 100 percent.Officials stated that losses caused by flooding of paddy fields are not covered under the Pradhan Mantri Fasal Bima Yojana (PMFBY), meaning farmers will not receive insurance claims for such losses.Officials said, "Affected farmers can upload details of their paddy losses on the state government's e-compensation portal to receive compensation."Cotton damage details indicate that 46,650 acres suffered 76-100 percent damage, 78,440 acres 51-75 percent damage, and 60,615 acres 26-50 percent damage. Another 17,948 acres suffered less than 25 percent damage.Officials said there is no provision for compensation for crop losses less than 25 percent. Damage to mung beans and millet is yet to be assessed.Deputy Director of Agriculture, Dr. Rajbir Singh, said, "These are provisional estimates of the impact of the rains." He added, "The Revenue Department will conduct a survey to assess the exact damage."read more :- Rupee opens steady at 88.79 /USD

 Rupee opens flat at 88.79 against dollar Indian rupee opened flat at 88.79 per dollar on Friday against Thursday's close of 88.79.read more :- Delay in cotton harvesting shuts down ginning mills in North Maharashtra

Delayed cotton harvest defers operations of ginning mills in North MaharashtraNASHIK: The cotton season in North Maharashtra has seen a significant setback, with ginning mills deferring their operations by around three weeks. The usual start date of Oct 1 was missed after heavy rainfall last month delayed the cotton harvest and its arrival at the mills.Current, daily arrivals are minimal, totaling only about 5,000 quintals per day. However, this is expected to change dramatically. As the harvest is anticipated to gain momentum after Diwali, daily arrivals are projected to jump to over 1 lakh quintals. In order to meet this expected surge, the region's 150 ginning mills are making preparations to begin operations  by the end of Oct or in the first week of Nov.According to the Khandesh Ginning and Pressing Factory Owners' Association (KGPFOA), mills are expected to process raw cotton and produce 10 lakh bales (178 kg per bale)this year, compared to 13 lakh bales last season."Usually, the ginning mills start their operations from Oct 1, but majority of the ginning units in North Maharashtra are yet to start operations due to lesser arrival of cotton with higher moisture levels up to 35-40%," Pradeep Jain, president of KGPFOA, said."The harvest was delayed due to the rain. Moreover, the moisture level in the raw cotton should be below 8% to process thme for making bales. But higher moisture and lesser arrivals have delayed the operations," he added.Jivan Bayas, vice-president of the association, said they are expecting the arrivals to increase after Diwali. "Hence, all the ginning mills in North Maharashtra will get operational after the Diwali festival is over," he said."Currently, arrivals of cotton are estimated at around 10,000 quintals per day in North Maharashtra and are fetching rates of around Rs 6,310 per quintal," he said.Last kharif season, the area under cotton in four districts   of North Maharashtra — Jalgaon, Dhule, Nandurbar and Nashik — was recorded at 8.86 lakh hectares. This season,  this has reduced to 7.54 lakh hectares. read more :- 

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 up 398.44 points or 0.49 percent at 82,172.10, and the Nifty was up 135.65 points or 0.54 percent at 25,181.80. About 2015 shares advanced, 1978 shares declined, and 159 shares unchanged.read more :- INR Opens Stronger by 05 Paise at 88.74

 Rupee opens 05 paise up at 88.74 as dollar index eases Indian rupee opened higher at 88.74 per dollar on Thursday versus Wednesday's close of 88.79.

7.7 million bales of cotton will be produced in Gujarat,Cotton production is estimated at 2.376 million tons in the Kadi meeting.The Gujarat Cotton Seeds Crushers Association (GCA) meeting estimated that cotton crushing will continue in Gujarat. The organization met in Kadi on Sunday, where production estimates for cotton, cottonseed, and cottonseed were made. According to this, Gujarat may produce 7.7 million bales of cotton.According to the organization, cotton cultivation in Gujarat declined by 2.5 percent compared to last year, to 2.11 million hectares. Due to the erratic monsoon and subsequent rain damage, Gujarat is expected to press 6.5 million bales of cotton. However, cotton from Maharashtra, Madhya Pradesh, Telangana, Andhra Pradesh, and Karnataka also comes to Gujarat for pressing. Thus, combining Gujarat's production and external revenue, Gujarat will produce 7.7 million bales of cotton.Estimating production across India, the organization states that last year, cotton production was 32.5 million bales. This year, sowing has declined slightly to 31.5 million bales.Last year, production was 11.275 million bales, with cultivation spread over 11 million hectares. The crop is good in South India, while production has declined slightly in North India and Gujarat.At the Crushers Association meeting, cottonseed production in Gujarat was also estimated. According to this, 2.376 million tons of cottonseed will come from Gujarat, while 1 million tons of imported cottonseed will be purchased and brought to the market. Thus, Gujarat will receive a total of 2.476 million tons of cottonseed. Cottonseed cake production is estimated at 47 million bags.While cottonseed wash production is expected to be 2.63 million tons, or approximately 26,360 tankers (10 tons per tanker).New cotton revenue nears 1.5 lakh maundsWith the weakening of the cyclone's strength and the expected return of heat, cotton arrivals at market yards have increased significantly. Following Saturday's arrival of 1.10 lakh maunds, 1.40 lakh maunds arrived at the yards on Monday. Halvad received 24 thousand maunds, Rajkot-Amreli 13 thousand maunds, Botad 38 thousand maunds, and Savarkundla 9 thousand maunds. Cotton prices at the yards range from 850 to 1580 rupees. Of course, due to the extended monsoon, 90% of the cotton is currently wet. Good quality is scarce. If the heat persists for another ten days, good quality cotton will begin arriving.read more :- Gujarat Agriculture Minister demands CCI to buy more cotton

Gujarat Agriculture Minister Requests CCI to Procure Maximum CottonOn World Cotton Day, Agriculture Minister Raghav Patel held a meeting with officials from the Cotton Corporation of India (CCI) in Gandhinagar regarding the procurement of cotton at the support price. During the meeting, the Agriculture Minister reviewed CCI's plans for cotton procurement at the support price and made necessary suggestions.This year, due to good rainfall in the state, cotton sowing has been abundant, and the overall cotton situation is good.It has been observed that cotton production in the state is also expected to be abundant. The Government of India has announced a support price of ₹8,060 per quintal, or ₹1,612 per maund. In contrast, the current market price of cotton is ₹800 to ₹1,000 per quintal lower than the support price.The Agriculture Minister suggested setting up at least two procurement centers per taluka during the procurement of cotton at the support price. The process of registering farmers for cotton sales at the support price is currently underway and will continue until October 31st. The Minister also recommended CCI officials extend the registration deadline if necessary due to low market prices. Furthermore, the Agriculture Minister urged the government to purchase all cotton produced by farmers at the support price, based on their land records and taking into account the district's productivity.read more :- Rupee fell 03 paisa to close at 88.79 against dollar

The Indian rupee on wednesday lower 03 paise to close at 88.79 per dollar, while it opened at 88.76 in the morning.At close, the Sensex was down 153.09 points or 0.19 percent at 81,773.66, and the Nifty was down 62.15 points or 0.25 percent at 25,046.15. About 1697 shares advanced, 2297 shares declined, and 138 shares unchanged.read more :- "CCI's new rule: Cotton will now be sold only within the district"

New CCI Rule: Cotton will now be sold within the district: Farmers from outside districts barred, efforts underway to prevent fraudThe Cotton Corporation of India (CCI) has taken a major decision regarding cotton procurement. Farmers in Khandwa, Khargone, and Burhanpur districts will now be required to sell their cotton in the markets within their own districts. Farmers from neighboring districts will no longer be able to come and sell their cotton.CCI states that this rule aims to bring transparency to cotton procurement and prevent fraud by traders.Farmers will face difficultiesPreviously, farmers could sell their produce in the market of any district, saving them on transportation costs. Now, they will have to sell their produce only in the market within their own district, even if it is far away. This could cause problems for farmers.Attempt to prevent fraudCCI officials say that this rule will prevent fraud and allow only eligible farmers to sell their produce. Previously, traders used to fraudulently sell cotton in farmers' names, but this will no longer be possible.3,200 farmers have registeredSo far, 3,200 farmers have registered to sell cotton in Khandwa district. These include 2,000 from Khandwa and 1,200 from Mundi.25% of cotton came from outside districtsPreviously, CCI used to purchase 25% of its total cotton from outside districts. However, with the implementation of this rule, cotton from outside districts will no longer be procured.CCI's reasoning for the banCCI's procurement in-charge, Chandrakishore Sakome, says that with this rule, the district's produce will be purchased within the district itself. Some traders used to sell their cotton in markets across the state or districts. But now they will no longer be able to commit such fraud.read more :- Maize-cotton ahead in the district, soybean registration low