Rupee opens 17 paise stronger against dollarRupee opened with strength today against the dollar in the domestic currency market. Today the rupee opened with a gain of 17 paise at Rs 76.33 against the dollar. At the same time, on Tuesday, the rupee closed at Rs 76.50 with a weakness of 25 paise against the dollar.Sensex rises, opens up 125 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 125.03 points to open at the level of 56588.18 points. On the other hand, the Nifty of NSE opened with a gain of 41.00 points at the level of 16999.70 points.
All India Weather Forecast for April 20, 2022Weather systems made across the country A Western Disturbance is over North Pakistan and adjoining parts of Jammu and Kashmir.A Cyclonic Circulation is persisting over Northwest Rajasthan and adjoining areas.Another circulation is seen over West Central Bay of Bengal off North Tamil Nadu and South Andhra Pradesh coast.A trough is extending from Chhattisgarh to South Interior Karnataka across Telangana and Marathwada.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain with isolated heavy falls occurred over parts of Karnataka and KeralaLight to moderate rain occurred over Interior Tamil Nadu, Coastal Karnataka, Sikkim, Assam, Meghalaya, Arunachal Pradesh and rest of Northeast India, Lakshadweep and South Chhattisgarh.Heat wave conditions prevail in isolated parts of Northwest Rajasthan and Himachal PradeshHeat wave conditions were observed over parts of Haryana, Delhi, Uttar Pradesh, Rajasthan, Madhya Pradesh and Jharkhand.Probable weather activity during next 24 hoursDuring the next 24 hours, light to moderate rain is very likely at isolated places over Northeast India, interior parts of Tamil Nadu and Kerala. Light to moderate rain is possible over Western Himalayas.On April 21 and 22, there is a possibility of thunderstorm and light rain with isolated thunderstorms over parts of Punjab, Haryana, Delhi, Rajasthan, Uttar Pradesh, eastern parts of Jharkhand and Bihar as well as parts of West Bengal.Pre-Monsoon thunderstorms are also very likely to occur over Gujarat, Madhya Pradesh, Maharashtra, Telangana, Interior Karnataka, Chhattisgarh and southern parts of Andhra Pradesh.In view of the pre-monsoon activities in many parts of the country, the temperature may moderate to some extentDuring the next 24 hours, heatwave conditions are possible at isolated places over Punjab, Haryana, Delhi, North Rajasthan, parts of Madhya Pradesh, Vidarbha and Jharkhand and it may decrease thereafter.
Know why cotton production is decreasing in IndiaAccording to the USDA report, cotton production in India decreased by 7 to 8 percent in the last three years, while domestic use increased.India is said to be the leading country of cotton production. Cotton is sown on most of the land in India, despite this, if we look at the recent report of USDA, there has been a decrease of 7 percent cotton production in India in three years. This reduction in bales is more than 20 million bales per bale of 480 pounds. According to the report, the cotton production in India in the year 2019-20 was 28.5 million cotton bales which decreased to 27.6 million bales in 2020-21 and in 2021-22 this figure decreased to just 26. million cotton bales. According to experts, the reason for the reduction in production in such a large quantity is due to the weather and failure to protect the cotton crop from diseases and farmers are not able to make them aware.Increase in domestic consumptionAccording to the report, there has been a decrease in production, but in these three years, there has been a steady increase in domestic use i.e. domestic consumption. The consumption which was 20.5 million in 2019-20 has reached 26 million bales in 2021-22 and 2022-23. While the increase in consumption is a positive sign for the industry, the decline in production to such an extent is a matter of concern for the government and top officials. Due to low production, India's closing stock has also decreased significantly in these three years. The closing stock in 2019-20 was 15.68 million cotton bales while in 2020-21 it decreased to 11.94 million cotton bales and in 2021-22 it has been recorded only 8.34 million cotton bales.The good thing is that there has been a tremendous jump in export figures in these three years. India's cotton exports stood at 3.2 million bales in 2019-20, which increased sharply to 6.19 million bales in 2020-21 and is at 5.2 million bales in 2021-22.
On the second day of the trading week, the stock market continued to decline, the Sensex fell 703.59 points to reach the level of 56,463.15. Rupee weakens against the dollar, the price fell by 25 paise to 76.50. Gold shines in the matrimonial season, till the writing of the news on Tuesday evening, the price rose by Rs 53 to Rs 53,225. There was stability in the cotton physical market on Tuesday, the market remained stable on Monday's price. With no change in the prices of raw cotton, the market of cotton yarn also remained stable on Tuesday.
Corona hit China cotton export, figure halved in last two yearsChina, known as the cotton textile king, is constantly lagging behind in terms of cotton exports. According to the USDA report, China's cotton exports have decreased continuously in the last three years. If we look at the figures, in 2019-20, where 0.16 million cotton bales were exported by China, in 2020-21 it came down to only 0.01 million. However, this figure has slightly improved in the current year 2021-22 and now it has reached 0.08 million bales. But, still cotton exports have come down to half as compared to 2019. One of the many reasons for the decrease in exports is also believed that after the Corona period, many countries had stopped doing business from China, especially imports, so there has been a decrease in China export figures.Increase in domestic use is also a reasonOne of the reasons for the decline in cotton exports in China is that the domestic consumption of cotton has increased here. The domestic use of cotton in China was 33 million bales in 2019-20, it increased to 40 million bales in 2020-21 and 39 million bales in 2021-22. On the other hand, if we talk about cotton production, the cotton production in China was 27.25 million bales in the year 2019-20, which increased to 29.5 million in 20-21 and again to 27 million in 2021-22.
Today evening, the rupee depreciated by 25 paise to close at Rs 76.50 against the dollar.Today the stock market closed with a fall.Today, where the Sensex fell by 703.59 points, closed at the level of 56463.15 points. On the other hand, Nifty closed at the level of 16958.70 points down by 215.00 points.
Sensex returns, opens up 89 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 89.40 points to open at the level of 57256.14 points. On the other hand, the Nifty of NSE opened with a gain of 46.60 points at the level of 17220.30 points.
Rupee depreciates against dollar, breaks 6 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 6 paise at Rs 76.32 against the dollar. At the same time, on Monday, the rupee closed at Rs 76.26 with a weakness of 8 paise against the dollar.
All India Weather Forecast for April 19, 2022Weather systems made across the countryA Western Disturbance is over North Pakistan and adjoining areas.A Cyclonic Circulation is persisting over Northwest Rajasthan.A trough is extending from Vidarbha to Interior Karnataka via Telangana.Another cyclonic circulation lies over the central part of South Arabian Sea.A Cyclonic Circulation is persisting over West Central Bay of Southwest Bay of Bengal off Andhra Pradesh and North Tamil Nadu Coast.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain with isolated heavy falls occurred over Assam, Meghalaya and Sikkim.Light to moderate rain with one or two heavy spells occurred over Tamil Nadu, Kerala and rest parts of Northeast India.One or two hailstorm activities were observed over Sikkim and southern parts of Chhattisgarh.Scattered light rain occurred over Interior Karnataka, North Coastal Odisha, Gangetic West Bengal and South Chhattisgarh.Yesterday, heat wave conditions were observed over one or two parts of West Rajasthan, West Jharkhand and Delhi.Weather activity likely during next 24 hoursDuring the next 24 hours, one or two heavy spells of rain with light to moderate rain may occur over Sikkim, Assam, Meghalaya, Arunachal Pradesh, Kerala, Interior Tamil Nadu and South Karnataka.Light to moderate rain is very likely over rest of Northeast India, parts of South Madhya Maharashtra, North Interior Karnataka and Telangana, Andhra Pradesh, South Chhattisgarh, Andaman and Nicobar Islands and isolated parts of West Himalayas.Thunderstorm or light dust storm is very likely over parts of Punjab and Northwest Rajasthan.Heat wave conditions are possible over isolated parts of Punjab, Haryana, Delhi, South Uttar Pradesh, Rajasthan, Bihar, Odisha, Jharkhand, West Madhya Pradesh and Vidarbha.
Cotton Dollar Oil Has Arrived Off Australia StockThis country is also beating China and India in cotton productionCotton production in this country has increased more than 8 times in three years, export is also increasing rapidlyIn the list of leading countries of cotton production, countries like America, India and China have held their position for a long time. But Australia is a country that has grown rapidly in the cotton industry in the last few years. Yes, it is true that Australia's name is still very low in the list of leading countries, but its growth is much higher than these countries. According to a recent report by the USDA (US Department of Agriculture), cotton production in Australia is more than 8 times larger in the 3 years from 2019 to 2022. While cotton production in Australia was 0.63 million bales in the first year 19-20, it increased to 2.8 million bales in 20-21 and has increased to 5.5 million bales in the year 21-22. Whereas cotton production in India has decreased in these three years and in USA and China also production has remained almost constant.boom in exportsAfter cotton production, Australia's cotton export figures are also shocking. If we look at the report of the last three years, cotton exports from Australia increased to 1.36 million bales in 19-20, while in 20-21 it increased to 1.56 million bales and in 21-22 this figure touched a charismatic level and reached 4.4 billion. Reached.Last stock also increasedAccording to the USDA report, Australia has increased its cotton production but its domestic use has not increased. This is the reason why Australia has increased its cotton exports significantly. Australia's closing stock figures have also risen over the past three years. While closing stock was 0.8 million bales in 19-20, it touched 2 million bales in 20-21 while Australia's closing stock increased to 3.07 million bales in 21-22
After a four-day holiday in the stock market, the market opened with a collapse, with a huge decline of 1172.19 points, it closed at the level of 57166.74. Rupee depreciates by 8 paise against dollar at Rs 76.26. Gold shines again, by the time of writing the news on Monday evening, the price has increased by Rs 448 to Rs 53,440. The bullish trend in the cotton physical market continued, on Monday, prices increased by Rs 1000 to 2000 in almost all the mandis. Malaysia Palm Oil price hiked by 178 Ringgint to reach 6860 Ringgint.
Today evening, the rupee depreciated by 8 paise to close at Rs 76.26 against the dollar.Sensex fell by 1172 pointsToday, where the Sensex fell by 1172.19 points, closed at the level of 57166.74 points. On the other hand, Nifty closed at the level of 17173.70 with a fall of 302.00 points.
All India Weather Forecast for April 18, 2022Weather systems made across the countryA Cyclonic Circulation is persisting over North Rajasthan and adjoining areas.at lower levels.A trough is extending from Vidarbha to Marathwada up to North Interior Karnataka.A Cyclonic Circulation is persisting over Southeast Arabian Sea and adjoining Lakshadweep region.A fresh Western Disturbance is expected to reach North India by April 19.Weather movement across the country during the last 24 hoursDuring the last 24 hours, heavy to very heavy rainfall occurred at one or two places over Assam, Meghalaya, Arunachal Pradesh, South Interior Karnataka and South Chhattisgarh.Light to moderate rain occurred over Tamil Nadu, Kerala, Interior Karnataka, South Madhya Maharashtra and rest of Northeast India.Light rain occurred in isolated parts of Lakshadweep, Andaman and Nicobar Islands and Himachal Pradesh.Heat wave conditions prevailed over isolated parts of Northwest Rajasthan and Delhi NCR.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain with isolated heavy falls at isolated places is possible over Assam, Meghalaya, Arunachal Pradesh, South Interior Karnataka, Tamil Nadu and Kerala.Light to moderate rain may occur at isolated places over rest of Northeast India, Sub-Himalayan West Bengal, Sikkim, Telangana, North Interior Karnataka and South Chhattisgarh.Light to moderate rain is possible over Western Himalayas during next 24 to 48 hours.Heat wave conditions are possible over Punjab, Haryana, Delhi, Rajasthan, parts of Jammu division, isolated parts of Himachal Pradesh and Vidarbha. From April 19, severe heat conditions are possible in different parts of these states.
Sensex collapses as soon as it opens, registers a decline of 1065 pointsToday the stock market opened with a heavy fall. Today the BSE Sensex fell by about 1064.80 points and opened at the level of 57274.13 points. On the other hand, the Nifty of NSE opened with a decline of 279.90 points at the level of 17195.80 points.
Rupee depreciates against dollar, opens 20 paise weakerRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 20 paise at Rs 76.37 against the dollar.
Physical cotton market remained stable in North Zone. Cotton prices continue to rise in the Central Zone, high prices in Gujarat and Madhya Pradesh, stability seen in Maharashtra. There was no movement in cotton prices in South Zone, market remained stable. The Malaysian government made it mandatory to sell 20 percent of the planned shipments in the domestic markets for export. Edible oil prices have increased in India. Malaysia Palm Oil rose 126 ringgit on Friday, the price reached 6690 ringgit.
Know how the removal of import duty will affect the textile worldGovernment delays removal of cotton import duty limit in textile segment Textile mill owners, troubled by the unbridled prices of cotton, have been demanding for a long time to free the import duty of cotton. On Wednesday this week, the government ended the wait of these industrialists and till September 2022, the import of cotton was completely duty free. As soon as this decision comes, there is an atmosphere of happiness in the entire textile world, especially among the industrialists. But according to experts, this step of the government is welcome, but the government has delayed it and the textile industry has suffered a lot by paying the duty.Millions of bales of cotton were imported in MarchIn fact, according to the recent report of SIS, in March 2022, total HSN code (52010020) 20941.313 metric tonnes of raw cotton i.e. about 1 lakh 23 thousand 185 bales has been imported all over India and a huge amount has also been paid in import duty on this. Is. According to experts, this much raw cotton will meet a lot of consumption of mills for the coming few months. In such a situation, if imports will be less in the months of April and May, then by removing the import duty limit, the benefit in these two months will be negligible. Yes, mills can get the benefit of this in the months of June, July and August.Decision taken after 4 months Actually, since the beginning of the year 2022, cotton prices have been on fire. In the month of January, where the rate of cotton was Rs 9,050, at present the price of cotton has reached 11 to 12 thousand. Buying cotton at such an expensive price and making yarn and cloth was no less than a challenge for the mills. This was the reason why many mills had decided to work only half days a week. To avoid this problem, the mill owners were continuously demanding the government to remove the import duty of cotton since January. But the government took a decision on this in the second week of April.
On Thursday, there was a slight increase in the physical market of North and Gujarat, while there was no movement in the market of other states. · Combar physical market rose by Rs. 1-2. Malaysian palm oil futures hit a one-month high on Thursday as Argentina strikes Government exempted customs duty on cotton imports till 30 September. · Today evening MCX Cotton opened with a gain of Rs 770 at 44380.
U.S. EXPORT SALES FOR WEEK ENDING 07/04/2022 Cotton: Net sales of 59,300 RB for 2021/2022--a marketing-year low--were down 6 percent from the previous week and 76 percent from the prior 4-week average. Increases primarily for Turkey (27,100 RB), India (24,400 RB, including decreases of 16,100 RB), Indonesia (6,700 RB, including 200 RB switched from Japan), Vietnam (6,200 RB, including 900 RB switched from South Korea), and Peru (6,200 RB), were offset by reductions for China (24,800 RB) and South Korea (1,700 RB). Net sales of 132,000 RB for 2022/2023 were primarily for Mexico (62,700 RB), Turkey (17,600 RB), Peru (13,200 RB), Guatemala (11,400 RB), and South Korea (7,900 RB). Exports of 333,800 RB were down 27 percent from the previous week and 14 percent from the prior 4-week average. The destinations were primarily to China (122,700 RB), Pakistan (43,800 RB), Turkey (37,400 RB), Vietnam (32,700 RB), and Mexico (20,700 RB). Net sales of Pima totaling 2,100 RB were down 68 percent from the previous week and 71 percent from the prior 4-week average. Increases were primarily for Pakistan (900 RB), Indonesia (900 RB), and Colombia (200 RB). Net sales of 4,100 RB for 2022/2023 were reported for India (4,000 RB) and Japan (100 RB). Exports of 18,100 RB were up 49 percent from the previous week and 92 percent from the prior 4-week average. The destinations were primarily to India (5,500 RB), Peru (4,400 RB), China (3,600 RB), Honduras (1,700 RB), and Vietnam (700 RB). Optional Origin Sales: For 2021/2022, the current outstanding balance of 57,200 RB is for Vietnam (52,800 RB) and Pakistan (4,400 RB). Exports for Own Account: For 2021/2022, the current exports for own account outstanding balance is 100 RB, all Vietnam.
Government exempts customs duty on cotton import till September 30In a relief to consumers and the textile industry, the Narendra Modi government on Wednesday has exempted customs duty on cotton till September 30.Currently, it attracts 5 percent basic customs duty and 5 percent agri infra development cess, totalling 11 percent on cotton imports. The industry has been demanding a waiver of duty to lower domestic prices.The Central Board of Indirect Taxes and Customs (CBIC) notified the exemption from customs duty and agriculture infrastructure development cess for the import of cotton."This notification shall come into effect on the 14th April 2022, and will remain in force up to and inclusive of the 30th September 2022," the CBIC said.This exemption shall benefit the textile chain -- yarn , fabric, garments and made ups and provide relief to consumers. Textile exports would also benefit, the ministry said.
| title | Created At | Action |
|---|---|---|
| Rupee opens 17 paise stronger against dollar | 20-04-2022 18:38:42 | view |
| All India Weather Forecast for April 20, 2022 | 20-04-2022 18:37:30 | view |
| Know why cotton production is decreasing in India | 20-04-2022 00:50:14 | view |
| On the second day of the trading week, the stock market | 20-04-2022 00:21:53 | view |
| Corona hit China cotton export, figure halved in last two years | 19-04-2022 23:37:06 | view |
| Today evening, the rupee depreciated by 25 paise to close at Rs 76.50 against the dollar. | 19-04-2022 23:12:14 | view |
| Sensex returns, opens up 89 points | 19-04-2022 19:25:44 | view |
| Rupee depreciates against dollar, breaks 6 paise | 19-04-2022 19:25:25 | view |
| All India Weather Forecast for April 19, 2022 | 19-04-2022 15:43:34 | view |
| This country is also beating China and India in cotton production | 19-04-2022 01:46:18 | view |
| After a four-day holiday in the stock market, the market opened with a collapse, with a huge decline of 1172.19 points, it closed at the level of 57166.74. | 19-04-2022 01:35:46 | view |
| Today evening, the rupee depreciated by 8 paise to close at Rs 76.26 against the dollar. | 18-04-2022 23:07:54 | view |
| All India Weather Forecast for April 18, 2022 | 18-04-2022 18:04:51 | view |
| Sensex collapses as soon as it opens, registers a decline of 1065 points | 18-04-2022 18:03:33 | view |
| Rupee depreciates against dollar, opens 20 paise weaker | 18-04-2022 18:03:13 | view |
| SIS MARKET NEWS BULLETIN | 16-04-2022 01:12:05 | view |
| Know how the removal of import duty will affect the textile world | 16-04-2022 00:10:10 | view |
| On Thursday, there was a slight increase in the physical market of North and Gujarat, while there was no movement in the market of other states. | 15-04-2022 01:44:25 | view |
| U.S. EXPORT SALES FOR WEEK ENDING 07/04/2022 | 15-04-2022 01:20:05 | view |
| Government exempts customs duty on cotton import till September 30 | 14-04-2022 18:41:36 | view |
