USDA: India’s cotton production in 2021/22 is expected to be 28 million balesThe US Department of Agriculture's Overseas Agricultural Service (FAS) in Mumbai issued a report on Wednesday that India’s cotton production in the 2021/2022 market year is expected to be 28 million bales (1 bale = 480 pounds), and the planting area is 12.4 million hectares.The rains in early October delayed the harvest, but the speed of the arrival of goods increased, which is expected to drag down prices.The report predicts that cotton consumption is expected to be 26 million bales due to strong export demand for cotton yarn and textiles.“Exports are still strong, but rising freight costs and delivery delays have become a major challenge. Due to rising domestic cotton prices and higher tariffs on imported cotton, textile mills are facing procurement problems.”
Duty-free access sought from UAE for eggs, textiles, spicesIndia has sought duty-free market access for its spices, eggs, cheese and textiles in the UAE as part of the free-trade agreement it is negotiating with the grouping.At present, the UAE has banned poultry imports from India due to concerns over bird flu while India's textile exports are levied a 5% duty.As per the official, the UAE is keen to get duty concessions for dates, confectionery and sugar-based products.India is keen to get duty-free access for its fresh and frozen bovine meat, cheese, spices, certain organic chemicals and paper products. It has identified 1,100-odd products including washing machines, ACs, refrigerators, spices, tobacco, cotton fabrics, textiles and leather whose exports it wants to increase through the pact."Politically, this agreement is important as Pakistan was insisting the UAE to not ink any pact with India but the UAE has ignored it," said a trade expert, adding that India stands to gain in services and could push for long-term business visas with the UAE.
Poor start in Sensex, falling 225 points to openToday the stock market opened with a fall. Today the BSE Sensex fell by about 225.24 points and opened at the level of 58581.89 points.
*USDA RAISES COTTON PRODUCTION OUTLOOK**The USDA has increased its 2021 production estimate for upland cotton.**The crop is now seen at 17.91 million bales, up 58,000 from November with a slightly higher average yield estimate, now at 877 pounds per acre, compared to 874 last month. That’s also nearly 4 million bales larger than the 2020 total due to bigger planted area along with a better average yield. 2020 production totaled 14.061 million bales with an average yield of 835 pounds per acre.**Cottonseed production is pegged at 5,576,000 tons, compared to 4,509,000 a year ago.**The USDA left domestic ending stocks for all types of cotton unchanged on the month with that higher production estimate canceled out by a rise in unaccounted for use, while world ending stocks were down just over a million tons. The average farm price for U.S. upland cotton held at $.90 per pound.**The USDA tightened the balance sheet for U.S. rice. The domestic rice carryout is estimated at 34.5 million hundredweight, down a half a million on the month due to reduced expectations for both imports and exports. The average farm price was steady at $14.80 per hundredweight. World rice stocks were down on the month.**The USDA’s next set of supply and demand estimates is out January 12th.* *SiS Commited to update you on all textile related news real time.**Regards**Team Sis**Any query plz call 9111977771*Smartinfoindia.com*https://wa.me/919111977775*
*All India Weather Forecast for December 10, 2021**Weather systems made across the country*The Western Disturbance can be seen as a cyclonic circulation over the eastern parts of Jammu and Kashmir and Ladakh.A Cyclonic Circulation is persisting over Central Uttar Pradesh.An outline is running through southwest Bay of Bengal up to west central Bay of Bengal at lower levels.*Weather movement across the country during the last 24 hours*Further drop in minimum temperatures was observed over parts of Punjab, Haryana, Uttar Pradesh, Delhi NCR, Rajasthan and Gujarat.During the last 24 hours, isolated light rain with one or two isolated spells of rain occurred over Andhra Pradesh and Coastal Tamil Nadu.Light rain occurred over Coastal Odisha, isolated parts of Rayalaseema, Interior Tamil Nadu, Manipur and Andaman and Nicobar Islands.Moderate fog was observed over parts of Assam, Tripura and Bihar.*Weather activity likely during next 24 hours**During the next 24 to 48 hours, the minimum temperatures are likely to drop further over the Northwest and Central parts of the country.During the next 24 hours, light to moderate rain is likely over Coastal Andhra Pradesh and parts of Tamil Nadu.Light rain is possible over Coastal Odisha, Rayalaseema, Kerala, South Interior Karnataka and Southeast Telangana and Lakshadweep.Moderate to dense fog is possible over some parts of East and Northeast India.*-For Regular Commodity Market Update:**Call:9111977771*https://wa.me/919111977775
In the evening, the rupee weakened by 7 paise to close at Rs 75.52 against the dollar.Sensex closed up 157 pointsToday, where the Sensex rose by about 157.45 points, closed at the level of 58807.13 points. On the other hand, Nifty closed at the level of 17516.80 points with a gain of 47.00 points.
Rupee opens 1 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with the strength of 1 paise at Rs 75.44 against the dollar. At the same time, on Wednesday, the rupee closed at a level of Rs 75.45 with a weakness of 1 paise against the dollar.
Strong opening in Sensex, opened up 175 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 175.41 points to open at the level of 58825.09 points.
*All India Weather Forecast for December 09, 2021**Countrywide weather systems*A Western Disturbance is persisting over Jammu and Kashmir and adjoining areas.A Cyclonic Circulation lies over East Central Arabian Sea off Maharashtra Coast.Another Cyclonic Circulation is persisting over West Bengal and Bangladesh.*Weather movement across the country during the last 24 hours*The minimum temperature has further declined by 2-3 degrees over some parts of North West, Central and East India.During the last 24 hours, light to moderate rain occurred over Nagaland, parts of Arunachal Pradesh and Kerala.Rest of Northeast India, Interior Tamil Nadu and South Coast of Andhra Pradesh received light rain.Dense fog covered parts of Bihar and Northeast India. One or two parts of South Interior Karnataka also witnessed dense fog in the morning hours.*Weather activity likely during next 24 hours*During the next 24 hours, light rain is likely over Coastal Andhra Pradesh, parts of Tamil Nadu and Kerala.Scattered light rain and snow are possible over Western Himalayas.Moderate to dense fog is possible over the Gangetic plains of India.During the next two days, the minimum temperature over Northwest and Central India is likely to drop by another 2-3 degrees.
Today evening, the rupee closed at Rs 75.45 with a weakness of 1 paise against the dollar.Today the stock market closed sharply. Today, where the Sensex rose by about 1016.03 points, it closed at the level of 58649.68 points. On the other hand, Nifty closed at the level of 17469.80 points with a gain of 293.10 points.
Rupee opens 6 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 6 paise at Rs 75.38 against the dollar. At the same time, on Tuesday, the rupee closed at Rs 75.44 with a weakness of 2 paise against the dollar.
Sensex opens sharply, rises 663 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 662.69 points to open at the level of 58296.34 points.
*All India Weather Forecast for December 08, 2021**Countrywide weather systems*A Cyclonic Circulation is persisting over West Bengal and Bangladesh Coast.A fresh Western Disturbance will affect Western Himalayas from tomorrow onwards.In the lower levels, a Cyclonic Circulation is persisting over the Comorin region.Another cyclonic circulation lies over East-central Arabian Sea off Maharashtra coast.*Weather movement across the country during the last 24 hours*The minimum temperature has dropped by 3 to 4 degrees in the northwest and central parts of the country.During the last 24 hours, light to moderate rain occurred at isolated places over South Assam, Manipur, Mizoram and Tripura.Light to moderate rain and snow occurred in Himachal Pradesh and Uttarakhand.Light rain occurred at one or two places over Tamil Nadu, parts of Kerala, Northwest Uttar Pradesh, Gangetic West Bengal, parts of Odisha and Coastal Andhra Pradesh and Arunachal Pradesh.*Weather activity likely during next 24 hours*During the next 24 hours, light to moderate rain is likely over parts of Himachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, South Assam, Sikkim and Tamil Nadu.Light rain is possible over Coastal Andhra Pradesh, parts of Telangana, Kerala and Lakshadweep.Light rain and snow is possible over Gilgit-Baltistan, Muzaffarabad, Ladakh and parts of Jammu and Kashmir on December 8.The minimum temperatures are likely to drop further over Northwest India, parts of Central India and Gujarat.
Today evening, the rupee depreciated by 2 paise to close at Rs 75.44 against the dollar.Today the stock market closed sharply.Today, where the Sensex closed at a level of 57633.65 points with a gain of about 886.51 points. On the other hand, Nifty closed at the level of 17176.70 points with a gain of 264.40 points.
Rupee opens 11 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 11 paise at Rs 75.31 against the dollar. At the same time, on Monday, the rupee declined by 26 paise to close at Rs 75.42 against the dollar.
Strong opening in Sensex, opened up by 350 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 350.24 points to open at the level of 57097.38 points.
*Procurement centres set up to aid cotton growers**Vijayawada: The Cotton Corporation of India (CCI) is operating 71 procurement centres in the state to assist the cotton growers.**The CCI said that for the 2021-22 season, they have opened 30 procurement centres besides 41 procurement points at notified ginning and pressing factories, said CCI Guntur branch manager G Sai Aditya.**He added the Centre has announced a minimum support price (MSP) of Rs 6,025 per quintal for the current season. This is the rate at which cotton is being purchased at the Adoni market at Rs 7,689 per quintal and this year, the highest amount paid to the farmers has been Rs 8,219 per quintal, Sai Aditya said. “The CCI does not procure cotton that does not belong to the Fair Average Quality (FAQ) grade,” he sad. The CCI is particular about the procurement of FAQ grade cotton, which is determined by the moisture level, which should range between 8 per cent and 12 per cent. “If the moisture is above 12 per cent, the CCI will not procure it,” Sai Aditya asserted.**Further, the CCI does not procure immature cotton or those with red, yellow or black marks as such cotton is below the FAQ grade, he added. The rains have damaged the cotton crop this season, leaving the CCI unable to procure cotton in these places.* *SiS Commited to update you on all textile related news real time.**Regards**Team Sis**Any query plz call 9111977771*Smartinfoindia.com*https://wa.me/919111977775*
*All India Weather Forecast for December 07, 2021**Weather systems made across the country*The Deep Depression has weakened into a Depression and now lies as a Deep Sleep Pressure Area over Gangetic West Bengal and South Bangladesh. The associated cyclonic circulation extends up to 4.5 km above mean sea level.A trough is extending from a cyclonic circulation associated with a Deep Neck Depression over Gangetic West Bengal and South Bangladesh to Coastal Odisha to Coastal Andhra Pradesh.A cyclonic circulation is persisting over Northeast Arabian Sea off South Gujarat coast.The Western Disturbance is moving eastwards.Another fresh Western Disturbance has been observed over North Afghanistan and adjoining North Pakistan.*Weather movement across the country during the last 24 hours*During the last 24 hours, moderate to heavy rains occurred over Gangetic West Bengal and north coast of Odisha.Light to moderate rain accompanied by heavy rain occurred at one or two places over South Tamil Nadu.Rest of Odisha and parts of Kerala received light to moderate rains.Snowfall occurred at many places with light to moderate rain and heavy rain in Jammu and Kashmir, Gilgit Baltistan, Muzaffarabad, Ladakh and Himachal Pradesh.Light rain occurred at isolated places over North Coast of Odisha, Interior Tamil Nadu, South Interior Karnataka, parts of Punjab, Haryana, Delhi, Northwest Uttar Pradesh and East Rajasthan, Andaman and Nicobar Islands, Manipur, Mizoram and Tripura.*Weather activity likely during next 24 hours*During the next 24 hours, light to moderate rain is very likely at isolated places over Meghalaya, East Assam, Arunachal Pradesh, Nagaland and parts of Manipur, Mizoram and Tripura.Light to moderate rain may occur over Tamil Nadu, Kerala, Jammu and Kashmir, Himachal Pradesh and Uttarakhand.On December 6, scattered snowfall is also possible over Western Himalayas. Another spell of rain and snow is expected in the Western Himalayas between December 8 and 9, which will be comparatively mild.Light rain is possible at isolated places over Coastal Andhra Pradesh, South Interior Karnataka and Lakshadweep.
Today evening, the rupee depreciated by 26 paise to close at Rs 75.42 against the dollar.Today the stock market closed with a fall.Today, where the Sensex fell by about 949.32 points, closed at the level of 56747.14 points. On the other hand, Nifty closed at a level of 16912.30 points down by 284.40 points.
Pandemic scare, poor quality lowers cotton rates by ₹1,500 per quintalThe sudden dip in the global demand due to the pandemic scare and poor quality of raw cotton in areas of Punjab has lowered rates of the kharif crop by up to ₹1,500 quintal in the last two weeks.But farmers continue to get much above the minimum support price (MSP) of ₹5,925 per quintal.Industry watchers say in the last one month, mode rate or the maximum average price of the kharif produce was about ₹9,500 per quintal. It means 70% of the crop was purchased at around ₹9,500 and nearly 10% of the best quality produce was sold even higher than ₹9,500. And nearly 20% was sold below the mode rate due to poor quality.However, the mode rate of cotton in the last 10 days remains static at about ₹8,000 per quintal.According to the Punjab Mandi Board data, 9.57 lakh quintal of cotton was purchased in the state till Saturday. Of that, only 5,545 quintal produce was bought by the private players below MSP.Chander Kant Garg, a Mansa-based cotton ginner said this time the leading cotton-growing districts of Bathinda and Mansa saw the worst-ever quality of cotton. Garg said he has a stock of ginned cotton worth ₹3 crore but no textile unit is ready to buy it due to the quality of the natural fibre.“Reflectance (Rd) value that determines bright or dull a cotton sample continues to much less than the acceptable value of 72-82. The produce lost its white colour due to widespread pink bollworm infestation in the twin districts. Traders bought cotton at competitive rates to meet demand but now there are no buyers in the market for the yellowish cotton,” said Garg.Industry sources say rates may pick up again after December 15 as the picture of the new Covid-19 variant Omicron may be clearer and demand regains the momentum.Mandi Board cotton state coordinator Rajnish Goel said this time the cotton arrival in the purchase centers across the rate was nearly 54% less in comparison with the last year.Last year till December 4, Punjab had recorded more than 21 lakh quintals of raw cotton whereas in the corresponding period this year is only 9.57 lakh. It is attributed to damage to the standing crop by the deadly pest, he added.“As per the traditional trend, cotton arrival picked up for the last week as farmers are done with wheat sowing. Now the daily arrival is about 15,000 quintals,” said the official.Director of Indian Cotton Association Limited, a body dealing in export, spinning, ginning of cotton, Rakesh Rathi said the textile sector in the USA has reduced importing cotton as per its economic decisions.“Cotton rates in Punjab were high since the beginning of the season as traders had to meet export demands. As cotton harvesting in the central and south Indian states was delayed due to rains, rates were record high than usual. As the new crop has started arriving from other states, prices in Punjab were expected to be corrected at this phase. But rates may not drop beyond ₹8,000 mark,” said Rathi.
| title | Created At | Action |
|---|---|---|
| USDA: India’s cotton production in 2021/22 is expected to be 28 million bales | 10-12-2021 14:28:17 | view |
| Duty-free access sought from UAE for eggs, textiles, spices | 10-12-2021 14:27:12 | view |
| Poor start in Sensex, falling 225 points to open | 10-12-2021 14:26:42 | view |
| *USDA RAISES COTTON PRODUCTION OUTLOOK* | 10-12-2021 07:44:42 | view |
| *All India Weather Forecast for December 10, 2021* | 10-12-2021 07:20:46 | view |
| In the evening, the rupee weakened by 7 paise to close at Rs 75.52 against the dollar | 09-12-2021 16:40:30 | view |
| Rupee opens 1 paise stronger against dollar | 09-12-2021 11:40:55 | view |
| Strong opening in Sensex, opened up 175 points | 09-12-2021 11:40:39 | view |
| *All India Weather Forecast for December 09, 2021* | 09-12-2021 07:19:31 | view |
| Today evening, the rupee closed at Rs 75.45 with a weakness of 1 paise against the dollar | 08-12-2021 17:00:46 | view |
| Rupee opens 6 paise stronger against dollar | 08-12-2021 10:47:58 | view |
| Sensex opens sharply, rises 663 points | 08-12-2021 10:47:38 | view |
| *All India Weather Forecast for December 08, 2021* | 08-12-2021 07:19:06 | view |
| Today evening, the rupee depreciated by 2 paise to close at Rs 75.44 against the dollar | 07-12-2021 16:26:49 | view |
| Rupee opens 11 paise stronger against dollar | 07-12-2021 10:26:56 | view |
| Strong opening in Sensex, opened up by 350 points | 07-12-2021 10:26:36 | view |
| *Procurement centres set up to aid cotton growers* | 07-12-2021 07:22:18 | view |
| All India Weather Forecast for December 07, 2021 | 07-12-2021 07:21:55 | view |
| Today evening, the rupee depreciated by 26 paise to close at Rs 75.42 against the dollar | 06-12-2021 16:31:38 | view |
| Pandemic scare, poor quality lowers cotton rates by ₹1,500 per quintal | 06-12-2021 10:53:32 | view |
