*Cotton slides on heavy arrivals, stock limit fears**Prices might drop further over the next few weeks on a spurt in arrivals, say Telangana traders**Cotton prices have dropped by 8-10 per cent in Telangana from the maximum levels seen 10 days ago. Prices have dropped to ₹7,830 a quintal from the a high of ₹8,710 in a few mandis.**Prices in other parts of the country have also dropped by some three per cent, while on the Multi Commodity Exchange (MCX), cotton futures fell five per cent on Monday.**The fall in prices is mainly attributed to arrivals gathering pace but a Rajkot-based trader in Gujarat blamed the fall on speculators on MCX and European markets.**Ajay Shah, General Secretary, Gujarat Cotton Trade Association, said prices had dropped since the government had taken a serious view of the sharp rise in prices.**Sharp hike worries govt “We, in our association, have asked buyers not to resort to any panic purchases.The threat of stock limits looms and hence prices are softening. But there won’t be any sharp fall,” he said.**Prices might drop further over the next few weeks on a spurt in arrivals, say traders in Telangana. The Rajkot trader said arrivals are unlikely to witness any huge spurt and prices might drop another ₹500-1,000 quintal. They will still rule higher than the minimum support price of ₹5,726 for this season (October 2020-September 2021).**“No one was selling since prices were high, while buyers too were reluctant earlier,” the trader said. Prices of Shankar-6, the benchmark for exports, have dropped from ₹70,000 a candy (356 kg) to ₹66,500 on Monday.**A cotton trader in Warangal said: “At Warangal, they quoted a price of ₹8,500 on November 1. It fell to ₹8,290 on November 8 and to ₹7,830 on November 15.” Arrivals continue to hover around about 10,000-12,000 a day at Warangal. The situation at Adilabad and Mahboobnagar market yards is no different. “The farmers should get at least over ₹7,000 a quintal to recover their investments,” T Sagar, Secretary of Telangana Rythu Sangham, said.**All-India Kisan Sabha leader S Malla Reddy said there is a good demand for the fibre crop globally. He hoped that the farmers would continue to get a better price this season.**Hostile weather, untimely rains and outbreak of pink bollworm in some areas resulted in poor output this season. Owing to strong demand and poor output, prices are expected to be higher this season.**“The prices might come down a bit further as the market yards are expected to see increased volumes in the next few weeks,” Malla Reddy said.* *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*
*PAKISTAN COTTON MARKET UPDATE**Prices inert on cotton market**Spot rate of cotton remained unchanged on Monday at Rs 16,300 per maund as announced by the Karachi Cotton Association while the market remained steady.* *The Spot Rate Committee of the Karachi Cotton Association (KCA) maintained the spot rate unchanged at Rs 16300 per maund.**However, trading volume remained low while prices of cotton also remained unchanged. Chairman Karachi Cotton Brokers Forum and analyst Naseem Usman commenting on the situation said that trading remained slow but prices of Polyester fiber added Rs 3 to its per kilogram price taking it to Rs 250 per kilogram from Rs earlier 247 per kilograms.**He said rate of cotton in Sindh remained between Rs 13000 to Rs 16,800 per maund and the rate of cotton in Punjab was registered at Rs 14,300 to Rs 16,700 per maund. The rate of the new crop of Phutti in Sindh was remained between Rs 4,500 to Rs 7,200 per 40 kg. While Phutti prices in Punjab were between Rs 5,800 to Rs 8,000 per 40 kg.**Similarly, prices of cotton in Balochistan were remained at Rs 13,800 to 16,400 per maund while Phutti prices were high as compared to other two provinces which were Rs 6,200 to 8,000 per maund, said Naseem Usman.**The rate of Banola in Sindh was in between Rs 1,350 to Rs 2,000 per maund. While in Punjab rates of Banola were in between Rs 1,650 to Rs 2,200 per maund. As many as 1,200 bales of Saleh Pat were sold on Monday at Rs 16,000 per maund, 200 bales of Rahim Yar Khan at Rs 16,500 per maund, 200 bales of Haroonabad at Rs 16,000 per maund, 200 bales of Mian Wali at Rs 16,700 per maund, 200 bales of Fort Abbas at Rs 16,000, 200 bales of Yazman Mandi at Rs 16,000, 12,00 bales of Faqeer Wali at Rs 16,000, 200 bales of Marrot at Rs 16,100 and 400 bales of Jahanian at Rs 14, 200 per maund.**Meanwhile, Naseem Usman said that local cotton market during the last week witnessed overall stable rate of cotton. Textile and spinning mills remained involved in buying of quality cotton while ginners were also involved in buying of Phutti due to its high prices.**Trading volume remained a little bit low.* *The mills were involved in buying cotton locally despite high rates because the rates of cotton in international market are also high and the rate of US dollar has again increased.*
*All India Weather Forecast for November 16, 2021**Weather systems made across the country*The Low Pressure Area is over North Andaman Sea and adjoining area. The associated cyclonic circulation extends up to 5.8 km above mean sea level. It may further intensify into a well-marked low and subsequently into a depression during the next 24 hours. It will move in west-northwest direction and may reach Andhra Pradesh coast by November 18.Another cyclonic circulation lies over South Interior Karnataka and adjoining North Interior Tamil Nadu.A cyclonic circulation is seen over Northeast Kerala coast off Karnataka and adjoining East Central Arabian Sea.A trough is extending from southeast Arabian Sea across Kerala, South Interior Karnataka, Telangana and Odisha up to Gangetic West Bengal at lower levels.A Low Pressure Area is very likely to form over East Central Arabian Sea off South Maharashtra and Goa coast around November 17.*Weather movement across the country during the last 24 hours*During the last 24 hours, light to moderate rain occurred over Kerala, Coastal Karnataka, parts of Coastal Odisha, Jharkhand, Andaman and Nicobar Islands and isolated parts of Telangana and Tamil Nadu.Light to moderate rain occurred over Gangetic West Bengal, Interior Odisha, Coastal Andhra Pradesh, Interior Karnataka, remaining parts of Andaman and Nicobar Islands, Goa and parts of Jharkhand.Light rain occurred at isolated places over South Madhya Maharashtra, South Konkan and Goa, Chhattisgarh and Lakshadweep.*Weather activity likely during next 24 hours*During the next 24 hours, light to moderate rain is very likely at isolated places over Andaman and Nicobar Islands, parts of Tamil Nadu, Karnataka, Kerala and Coastal Andhra Pradesh.Light to moderate rain is possible over Odisha parts of Chhattisgarh, Telangana, Lakshadweep, South Madhya Maharashtra and South Konkan and Goa.Light range is possible over Jharkhand, Gangetic West Bengal, Manipur, Vidarbha and isolated parts of Arunachal Pradesh.
Today evening, the rupee depreciated by 5 paise to close at Rs 74.48 against the dollar.Sensex rises further, closes up by 32 pointsToday the stock market closed sharply. Today, where the Sensex closed at the level of 60718.71 points with a gain of 32.02 points. On the other hand, Nifty closed at the level of 18109.50 with a gain of 6.70 points.
Rupee opens 4 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 4 paise at Rs 74.40 against the dollar. At the same time, on Friday, the rupee closed at Rs 74.44 with the strength of 8 paise against the dollar.Sharp opening in Sensex, opened up 230 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 230.41 points to open at the level of 60917.10 points. On the other hand, the Nifty of NSE opened with a gain of 88.40 points at the level of 18191.20 points.
*Cotton output pegged at 362 lakh bales this year**Cotton production during the current season (October 2021 to September 2022) is projected to reach 362.18 lakh bales, according to the provisional estimates of the Committee on Cotton Production and Consumption.**The committee decided at its meeting on Saturday that with opening stock of 73.20 lakh bales and import of 10.50 lakh bales, the total availability this season was likely to be 445.88 lakh bales as against 485.66 bales the previous season.* *The demand from textile mills, including small-scale units, is estimated at 322 lakh bales, and exports pegged at 45 lakh bales. Exports in the 2020-2021 season were almost 73 lakh bales.**Industry sources said last season’s consumption by textile mills were likely to have been lower than the estimate due to the impact of COVID-19. Hence, the opening stock for the current season may be higher.**Observing that the cotton position was expected to be comfortable this season, Southern India Mills’ Association Chairman Ravi Sam suggested that textile mills should wait for bulk arrivals to pick up and not rush into purchases now.**On Saturday, a candy of the Shankar-6 variety of cotton was priced at ₹66,200.*
*All India Weather Forecast for November 15, 2021**Weather systems made across the country*An area of low pressure is formed over the central part of Andaman Sea. The associated cyclonic circulation extends up to 5.8 km above mean sea level. It is expected to move in a west-northwest direction and intensify into a depression over southeast Bay of Bengal by November 15.A Cyclonic Circulation is persisting over Interior Tamil Nadu.A trough from this cyclonic circulation is extending up to Gangetic West Bengal across Coastal Andhra Pradesh and Odisha.*Weather movement across the country during the last 24 hours*During the last 24 hours, Kerala received moderate to heavy rains. Light to moderate rain with isolated heavy falls occurred over South Interior Karnataka, Coastal Andhra Pradesh, parts of West Bengal and Jharkhand and Lakshadweep.Light to moderate rain occurred over Tamil Nadu, Rayalaseema, Telangana, Coastal and North Interior Karnataka, parts of Chhattisgarh and remaining parts of Gangetic West Bengal.Light rain occurred in isolated parts of Vidarbha and South Madhya Maharashtra.The air pollution in Delhi and NCR remains in the very poor to severe category.*Weather activity likely during next 24 hours*During the next 24 hours, moderate to heavy rains are likely to continue over Kerala. Light to moderate rain at a few places is very likely over Karnataka, Andaman and Nicobar Islands, isolated parts of Tamil Nadu and Coastal Andhra Pradesh.Light to moderate rain may occur over some parts of Chhattisgarh, Telangana, South Konkan & Goa, South Madhya Maharashtra, Gangetic West Bengal and Lakshadweep.Light rain is possible over Vidarbha, Marathwada and Jharkhand and isolated parts of Manipur, Mizoram and Tripura.
Rise in cotton yarn prices impacts apparel industryThe steep rise in cotton yarn and fabric prices has started impacting the apparel industry. Apparel Exports Promotion Council chairman A Sakthivel, who was in Jaipur, said that the recent growth in apparel exports would be impaired if the runaway rise in yarn and cotton prices are not curbed.Early this month, he has written a letter to textiles minister Piyush Goyal to intervene and take measures to rein in the rise in raw material prices without which there could be shortages as early as February and March next year.“Apparel exports during the April-October have grown by 44% to $8.6 billion. In fact, the shipments have grown by double digit in the past two months. With the peak season approaching, India has the opportunity to leverage good global demand and order position and meet the $20.03 billion export target for 2021-22,” said Sakthivel.However, the uncertainties in the cotton yarn price has created hurdles. The industry is also facing increasing input cost pressure on other fronts. In the letter to the textiles minister, Sakthivel said, “The rise in cotton yarn and fabrics prices have started impacting the entire value chain. Adding to this is the volatile crude oil price, logistics cost, coal addition to the yarn prices, the rising crude oil prices, logistics cost, coal prices, prices of dyeing and chemicals etc which has impacted costing of apparels considerably.Because of this, exporters are not being able to service existing orders and finding it difficult to take new orders.”He urged the minister to consider quantitative restrictions on export of cotton and cotton yarn to bring down galloping prices.“Cotton Corporation of India should be actively involved in managing cotton prices.CCI should also be advised not to increase prices at present as it will impact yarn prices and have a cascading effect across value chain. As a long-term measure, cotton price stabilization fund scheme should be announced,” he said .Sakthivel, which is also the chairman of Apparel Training and Design Centre, said they are in the throes of upgrading the training centers. “Jaipur is one of the main hubs for garment exports. Accordingly, we have started the process of upgrading the centres here,” he said. ATDC is also focusing on upskilling existing employees for enhancing their productivity.Sakthivel said, “The new working committees are putting their best efforts to improve drastically the quality and productivity of the training centres.”
Rupee opens 13 paise stronger against dollarRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a strength of 13 paise at Rs 74.38 against the dollar. At the same time, on Thursday, the rupee closed at Rs 74.51 with a weakness of 13 paise against the dollar.Strong opening in Sensex, opened up by 272 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 272.08 points to open at the level of 60191.77 points.
*PAKISTAN COTTON MARKET UPDATE**Rising trend persists on cotton market**The Spot Rate Committee of the Karachi Cotton Association (KCA) on Thursday increased the spot rate by Rs 100 per maund and closed it at Rs 16100 per maund. The Spot Rate Committee of the Karachi Cotton Association on Thursday increased the spot rate by Rs 100 per maund and closed it at Rs 16100 per maund. The polyester fiber was available at Rs 247 per kg.**The local cotton market remained stable but trading volume failed to pick up owing to high rates. Cotton Analyst Naseem Usman told that the rate of cotton in Sindh remained between Rs 13000 to Rs 16,800 per maund and the rate of cotton in Punjab was registered at Rs 14,300 to Rs 16,700 per maund.**The rate of the new crop of Phutti in Sindh was remained between Rs 4500 to Rs 7,200 per 40 kg. While Phutti prices in Punjab were between Rs 5,800 to Rs 8,000 per 40 kg.**Similarly, prices of cotton in Balochistan were remained at Rs 13,800 to 16,400 per maund while Phutti prices were high as compared to other two provinces which were Rs 6,200 to 8,000 per maund, said Naseem Usman.**The rate of Banola in Sindh was in between Rs 1350 to Rs 2,000 per maund. While in Punjab rates of Banola were in between Rs 1650 to Rs 2,200 per maund.**800 bales of Rahim Yar Khan, 400 bales of Rajan Pur were sold at Rs 16700 per maund, 200 bales of Fort Abbas were sold at Rs 16000 per maund, 200 bales of Marrot were sold at Rs 15900 per maund, 600 bales of Haroonabad were sold in between Rs 15700 to Rs 16000 per maund and 200 bales of Bahwalpur were sold at Rs 15500 per maund.* *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 November 12, 2021Weather systems made across the countryThe pressure over South-West Bay of Bengal is moving in a west-northwest direction with a speed of 21 kmph. Today on 11th November at 5:30, it was about 12 degree north and longitude 81.4 East, 170 km east south east of Chennai and 170 km east of Puducherry. It may cross North Tamil Nadu coast near Chennai by 11th November evening.Another low pressure area is expected to develop over South Andaman Sea around November 13. In the subsequent 48 hours, it will move west-northwestwards towards Andhra Pradesh and Tamil Nadu.Weather movement across the country during the last 24 hoursDuring the last 24 hours, moderate to heavy rains occurred over North Coastal areas of Tamil Nadu and adjoining parts of South Coastal Andhra Pradesh.Light to moderate rain with isolated heavy rains occurred over Andaman and Nicobar Islands and parts of Kerala.Light to moderate rain occurred at isolated places over Coastal Andhra Pradesh, remaining parts of South Interior Karnataka and Coastal Odisha.Light rain occurred in Rayalaseema and Lakshadweep.Weather activity likely during next 24 hoursDuring the next 24 hours, moderate to heavy rains are likely over North Coastal Tamil Nadu and adjoining parts of Coastal Andhra Pradesh.Light to moderate rain may occur at one or two places over Interior Tamil Nadu, Rayalaseema, South Interior Karnataka, parts of Kerala and Andaman and Nicobar Islands.Light rain with one or two moderate rains may occur over Coastal Odisha, South Telangana, Lakshadweep and Coastal Karnataka.During the next 48 hours, moderate to strong winds are very likely to occur over Andhra and Tamil Nadu coast. The wind speed can range from 45 to 55 kmph to 65 kmph. The sea condition may also remain rough.
Rupee depreciates against dollar, loses 13 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 13 paise at Rs 74.51 against the dollar. At the same time, on Wednesday, the rupee closed at Rs 74.38 with a loss of 35 paise against the dollar.
Sensex and Nifty both rumble, know today's fallToday the stock market opened with a fall. Today the BSE Sensex fell by about 211.02 points and opened at the level of 60141.80 points. On the other hand, the Nifty of NSE opened with a fall of 62.90 points at the level of 17954.30 points.
*Punjab Approves Policy For Giving Relief To Cotton Picking Farm Labourers**With this decision, 10 per cent of the total compensation would be provided to the farm labourers affected by the pest attack on cotton crop, according to a government statement**Chandigarh:* *The Punjab Cabinet on Wednesday approved a policy formulated for extending relief to cotton picking farm labourers affected by the damage caused to the crop by the pink bollworm pest attack.**With this decision, 10 per cent of the total compensation would be provided to the farm labourers affected by the pest attack on cotton crop, according to a government statement.**Pink bollworm attack had caused extensive damage to cotton crop in Mansa, Sangrur, Bathinda, Sri Muktsar Sahib and Barnala districts.**The Punjab government last month announced releasing a sum of over ₹ 416 crore to compensate cotton growers for their crop loss due to pink bollworm pest attack.**Of this amount, 10 per cent would be given to the cotton picking workers as relief.**On the issue of post-matric scholarship for scheduled caste students, the cabinet* *deliberated upon the hardships faced by the SC students who are beneficiaries of the scheme.**It was highlighted that the Centre had stopped giving its share of 60 per cent under this scheme from 2016, it said.**Resultantly, the Cabinet decided that the state government would bear its liability of 40 per cent amounting to ₹ 433.96 crore, which would be released in two installments during the financial years 2021-22 and 2022-23.**The cabinet meeting was chaired by Chief Minister Charanjit Singh Channi.*
*PAKISTAN COTTON MARKET UPDATE**High rates keep away buyers on cotton market**The local cotton market remained stable on Wednesday and trading volume remained low.**The Spot Rate remained unchanged at Rs 16000 per maund. The polyester fiber was available at Rs 247 per kg.**Cotton Analyst Naseem Usman told that the rate of cotton in Sindh remained between Rs 13000 to Rs 16,800 per maund and the rate of cotton in Punjab was registered at Rs 14,300 to Rs 16,700 per maund.**The rate of the new crop of Phutti in Sindh was remained between Rs 4500 to Rs 7,200 per 40 kg. While Phutti prices in Punjab were between Rs 5,800 to Rs 8,000 per 40 kg.**Similarly, prices of cotton in Balochistan were remained at Rs 13,800 to 16,400 per maund while Phutti prices were high as compared to other two provinces which were Rs 6,200 to 8,000 per maund, said Naseem Usman.**The rate of Banola in Sindh was in between Rs 1350 to Rs 2,000 per maund. While in Punjab rates of Banola were in between Rs 1650 to Rs 2,200 per maund.**200 bales of Chichawatni were sold at Rs 16500 per maund, 400 bales of Fort Abbas were sold at Rs 16200 per maund, 200 bales of Shujabad were sold at Rs 16000 per maund, 1800 bales of Mian Wali were sold at Rs 15800 to Rs 16500 per maund, 200 bales of Haroonabad were sold at Rs 15700 per maund and 200 bales of Hasil Pur were sold at Rs 15500 per maund.**According to reports, China will start a new round of sales from its cotton reserves on Wednesday, with a total 600,000 tonnes of imported and domestic cotton to be sold off in daily auctions, according to an official notice.**It is the second batch of cotton to be released from reserves this year and is designed to better meet demand for the fibre from spinning companies, said the China Cotton Reserves Management Company in a notice published late on Tuesday.*
*All India Weather Forecast for November 11, 2021**Weather systems made across the country*The Low Pressure Area is over Southeast and adjoining South West Bay of Bengal. The associated cyclonic circulation extends up to 5.8 km above mean sea level. It may concentrate into a depression by this evening and move towards North Tamil Nadu coast.The trough is extending from the Cyclonic Circulation to the Gulf of Mannar.A new Low Pressure Area will form over South Andaman Sea and adjoining region around November 13 and it will gradually intensify further in a West-Northwest direction.*Weather movement across the country during the last 24 hours*During the last 24 hours, the coastal areas of Tamil Nadu have received moderate to heavy rains.Light to moderate rain occurred over Interior Tamil Nadu, South Coastal Andhra Pradesh and Andaman and Nicobar Islands.Light rain occurred in parts of Kerala, South Interior Karnataka and Lakshadweep.Air pollution in the Gangetic plains of India along with Delhi-NCR remains in the very poor category.*Weather activity likely during next 24 hours*During the next 24 hours, heavy to very heavy rains are possible over Tamil Nadu Coast and adjoining South Coastal Andhra Pradesh.Light to moderate rain may occur at isolated places over Interior Tamil Nadu, South Interior Karnataka and Rayalaseema.Light to moderate rain is possible over Kerala, Coastal Karnataka and Andaman & Nicobar Islands.Light rain may occur over Telangana, North Interior Karnataka and Lakshadweep.
China start new round of cotton sales to boost supplyChina will start a new round of sales from its cotton reserves on Wednesday (Nov 10), with a total 600,000 tonnes of imported and domestic cotton to be sold off in daily auctions, according to an official notice.It is the second batch of cotton to be released from reserves this year and is designed to better meet demand for the fibre from spinning companies, said the China Cotton Reserves Management Company in a notice published late on Tuesday by industry website Cncotton.com.Cotton prices in China are at more than three-year highs, bolstered by strong demand from both the domestic textile sector and export markets over the last year, and high global prices.However, demand has recently weakened while prices sought by growers in the main producing region Xinjiang for the recently harvested crop were very high, and unacceptable to spinning firms, said analysts at Cofco Futures in a report last month."There will be strong bidding, especially for the import lots," a Beijing-based cotton dealer commented on the upcoming auctions.The imported cotton, mostly from the United States and Brazil, is better quality and newer than much of the domestic cotton on offer, he said.Cotton futures traded on the Zhengzhou Commodity Exchange moved little on Wednesday, hovering around 21,560 yuan (US$3,369.80) per tonne, their highest since May 2018.
Rupee depreciates against dollar, opens 4 paise weakerRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 4 paise at Rs 74.07 against the dollar. At the same time, on Tuesday, the rupee closed at a level of Rs 74.03 with a loss of 1 paise against the dollar.Bad start in Sensex, 138 points open lowerToday the stock market opened with a fall. Today the BSE Sensex fell by about 138.19 points and opened at the level of 60295.26 points.
*PAKISTAN COTTON MARKET UPDATE**Official spot rate hits all-time high**The rate of Prime Mark Cotton of Sindh reached at Rs 17000 per maund highest in the history of the country.* *The Spot Rate Committee of the Karachi Cotton Association on Tuesday increased the spot rate by Rs 100 per maund and closed it at Rs 16000 per maund.**The Spot Rate Committee of the Karachi Cotton Association increased the spot rate by Rs 100 per maund and closed it at Rs 16000 per maund. The polyester fiber was available at Rs 247 per kg.**Cotton Analyst Naseem Usman told that the local cotton market remained bullish and trading volume remained satisfactory.**The rate of cotton in Sindh remained between Rs 12500 to Rs 16,500 per maund and the rate of cotton in Punjab was registered at Rs 14,200 to Rs 16,500 per maund.* *The rate of the new crop of Phutti in Sindh was remained between Rs 5000 to Rs 7,000 per 40 kg. While Phutti prices in Punjab were between Rs 5,800 to Rs 7,300 per 40 kg.**Similarly, prices of cotton in Balochistan were remained at Rs 13,800 to 16,200 per maund while Phutti prices were high as compared to other two provinces which were Rs 6,200 to 79,00 per maund, said Naseem Usman.**The rate of Banola in Sindh was in between Rs 1350 to Rs 2,000 per maund. While in Punjab rates of Banola were in between Rs 1650 to Rs 2,100 per maund. 1800 bales of Khair Pur were sold at Rs 15200 to Rs 15500 per maund, 2000 bales of Khan Pur were sold at Rs 16100 to Rs 16500 per maund, 400 bales of Kot Sabzal, 400 bales of Lodhran, 1600 bales of Sadiqabad, 200 bales of Chichawatni were sold at Rs 16500 per maund, 400 bales of Gilawala were sold at Rs 16200 per maund, 800 bales of Faqeer Wali were sold at Rs 15500 to Rs 16000 per maund, 200 bales of Mian Wali were sold at Rs 15850 per maund, 1600 bales of Fort Abbas were sold at Rs 15600 to Rs 15700 per maund, 800 bales of Hasil Pur were sold at Rs 14700 to Rs 15500 per maund, 800 bales of Hasil Pur were sold at Rs 14700 to Rs 15500 per maund, 1400 bales of Haroonabad were sold at Rs 15000 to Rs 15200 per maund, 2200 bales of Rahim Yar Khan were sold at Rs 16000 to Rs 16500 per maund,*
*China to implement second batch of state cotton reserves sales in 2021/22**The China National Cotton Reserve Company announced on Nov 9 that the first batch of state cotton reserves sales has ended, and to meet the cotton enterprises’ demand, it will organize the second batch of state reserves sales in 2021/22 season from Nov 10, 2021. The volumes offered for sales total 600kt this time, and the daily volumes will adjust according to market situation.**The base selling price of reserved upcountry cotton this week=the average price of prior week's international cotton price.**Other reserved cotton price calculation method remained unchanged.* *Formula:* *Base selling price (cotton type* *3128B)=average price of prior week's domestic cotton prices*50%+average price of prior week's international cotton price*50%*. 1. *Domestic cotton price=(China Cotton Index+CNcotton)/2;*2. *International cotton price=Cotlook A Index (converted to USD per ton)*exchange rate*(1+1%import duty)*(1+9%VAT)*3. *The exchange rate is the benchmark exchange rate of the foreign currency against the RMB announced by the People's Bank of China, based on the customs taxation method and the third Wednesday of the previous month (if it is on public holiday, the fourth Wednesday is postponed).*
| title | Created At | Action |
|---|---|---|
| Cotton slides on heavy arrivals, stock limit fears | 16-11-2021 08:52:57 | view |
| Prices inert on cotton market | 16-11-2021 08:52:05 | view |
| *All India Weather Forecast for November 16, 2021* | 16-11-2021 07:24:32 | view |
| Today evening, the rupee depreciated by 5 paise to close at Rs 74.48 against the dollar. | 15-11-2021 16:12:21 | view |
| Rupee opens 4 paise stronger against dollar | 15-11-2021 11:56:12 | view |
| Cotton output pegged at 362 lakh bales this year | 15-11-2021 08:20:35 | view |
| *All India Weather Forecast for November 15, 2021* | 15-11-2021 07:20:51 | view |
| Rise in cotton yarn prices impacts apparel industry | 13-11-2021 12:04:15 | view |
| Rupee opens 13 paise stronger against dollar | 12-11-2021 10:59:42 | view |
| *Rising trend persists on cotton market* | 12-11-2021 08:22:08 | view |
| All India Weather Forecast for November 12, 2021 | 12-11-2021 07:21:49 | view |
| Rupee depreciates against dollar, loses 13 paise | 11-11-2021 10:27:13 | view |
| Sensex and Nifty both rumble, know today's fall | 11-11-2021 10:26:55 | view |
| Punjab Approves Policy For Giving Relief To Cotton Picking Farm Labourers | 11-11-2021 07:31:14 | view |
| *High rates keep away buyers on cotton market* | 11-11-2021 07:29:30 | view |
| *All India Weather Forecast for November 11, 2021* | 11-11-2021 07:19:35 | view |
| China start new round of cotton sales to boost supply | 10-11-2021 10:50:01 | view |
| Rupee depreciates against dollar, opens 4 paise weaker | 10-11-2021 10:49:33 | view |
| Official spot rate hits all-time high | 10-11-2021 07:51:59 | view |
| China to implement second batch of state cotton reserves sales in 2021/22 | 10-11-2021 07:48:41 | view |
