The Indian rupee on friday higher 01 paise to close at 85.49 per dollar, while it opened at 85.50 in the morning.At close, the Sensex was up 303.03 points or 0.36 percent at 84,058.90, and the Nifty was up 88.80 points or 0.35 percent at 25,637.80. About 2135 shares advanced, 1727 shares declined, and 140 shares unchanged.read more :- Tamil Nadu: Business Traditions: Why cotton-rich Tirupur is turning to synthetics
Tirupur’s Shift from Cotton to SyntheticsTirupur : As the world increasingly embraces fast fashion, the demand for man-made fibres (MMFs) is on the rise. With this in mind, over 70% of people across the world currently wear clothes made from MMFs. “It is still early days,” says Siva Subramaniam, a second-generation manufacturer and exporter of innerwear, T-shirts and sweaters, sitting in his factory office in Tirupur. However, he firmly believes that “this is the way of the future for the industry”.“We should think about the global market and the growth of demand,” says Subramaniam, founder and CEO of Raft Garments.It has been two years since Raft Garments started using polyester spandex fabric to manufacture underwear, previously using only cotton spandex. The reason: “It resists sweat and is more durable,” he says, displaying some of the new polyester pieces now being produced at his manufacturing unit in Tirupur.The exporter currently has 85% cotton-based garments and 15% MMF, while the earlier portfolio was entirely cotton-based (100%). In the coming years, Subramaniam intends to increase the share of MMF to 50% as he is betting big on MMF.He says the domestic market is increasingly favouring synthetics, while also noting that the growth is happening at a steady rate. “Especially in the sports sector, cotton is almost disappearing, and everyone is showing an inclination towards polyester. We cannot always depend on cotton alone and we have to explore new avenues as well. Though it is a small percentage right now, there can be a gradual change with adequate support from the government to develop the sector,” he says.For those who don’t know, MMF is usually made by chemical processes or by modifying natural fibres, resulting in materials such as polyester, nylon and rayon. With benefits such as durability, ease of care and resistance to wear and tear, these materials are suitable for a variety of applications. Currently, China is the leader in MMF production, with an estimated global market share of 72%. A recent report by the Ministry of Textiles on MMF shows that India’s per capita fibre consumption is 5.5 kg; of this, MMF’s share is 3.1 kg, which is the lowest globally, even lower than Africa. This shows that India has a huge potential to increase its per capita MMF fibre consumption.The textile industry estimates that India’s MMF textile exports will grow by 75% to reach $11.4 billion in 2030 from around $6.5 billion in 2021-22. However, this is easier said than done. Factors such as raw material cost, quality, capacity and technological advancement make it difficult for Indian exporters to compete with their global counterparts. Tirupur, the knitwear capital of India, is also facing similar challenges as a cluster as it is slowly moving towards the uncharted territories of MMF apparel.Keeping pace with global demandTirupur holds a prominent position globally as a knitwear exporter, catering to the demand of major markets including Europe and the USA. It exports cotton and cotton-blend T-shirts, dresses, sweatshirts and other knitted garments to global markets. Tirupur’s proximity to the major textile hub Coimbatore has also helped it emerge as a globally recognised apparel manufacturing hub.ChallengesSo, what exactly is stopping us from going full throttle in this sector, especially in clusters like Tirupur, which has a bustling textile industry at its core?ET Digital's interactions with exporters in Tirupur revealed that India has not been able to match China's potential in this sector. While some firms have started manufacturing products on MMF, buoyed by the surge in global demand, most continue to be dominated by cotton-based products.Preparing for the futureMeanwhile, Tirupur exporters are striving to take themselves a notch higher in this sector. Smaller exporters are investing Rs 2-3 crore to gradually make the shift towards MMF. "We have invested Rs 3-4 crore in MMF production. Globally, the market is showing a clear preference for MMF. We want to compete for that share," says Subramanian.The industry and the government collectively need to step in to make this possible and bring innovation for a cluster that has the capacity and capability to take MMF production to the next level.read more :- Rupee Rises 20 Paise to 85.50 Against Dollar
Indian rupee opens 20 paise higher at 85.50 against US dollarThe rupee opened 20 paise up on June 27 as the dollar index continues to trade lower. The rupee opened at 85.50 against the dollar after ending the previous session at 85.70.read more :- India's monsoon set to cover entire country over a week early
Monsoon Makes Fast Advance Over IndiaIndia's annual monsoon rains are set to cover the entire country within the next three to four days, over a week ahead of their typical schedule, two senior weather officials said on Thursday, accelerating planting of summer-sown crops.The monsoon, the lifeblood of India's nearly $4 trillion economy, delivers almost 70% of the rainfall needed to water farms and replenish aquifers and reservoirs.Nearly half of India's farmland, which is not irrigated, depends on the annual June-September rains for crop growth.In a typical year, rains lash the southwestern coastal state of Kerala around June 1 and move northwards to cover the entire country by July 8.After stalling for two weeks, the monsoon regained momentum last week and rapidly covered central India and most northern states, the India Meteorological Department said.Rains had reached all parts of India except some areas in the northwestern state of Rajasthan, neighbouring Haryana, Delhi and Uttar Pradesh, an IMD chart released on Thursday showed.The monsoon has continued its expansion over some parts of northwestern states, said R. K. Jenamani, head of the national weather forecasting centre, and conditions are favourable for it to reach the remaining untouched areas over the next three to four days.Despite receiving rainfall 31% below average in the first half of June, the monsoon's revival has turned the deficit into a 9% surplus so far this month.Central and northern states are likely to receive above-average rainfall this week and next week, which will help farmers accelerate sowing of summer-sown crops, another weather official said.Farmers usually start planting summer-sown crops such as rice, corn, cotton, soybeans, and sugarcane after the arrival of monsoon rains.India is likely to see above-average monsoon rains for the second straight year in 2025, according to an IMD forecast released last month.read more :- Cotton Sowing Up 7% Ahead of 2025-26 Season
Cotton Sowing Gains Momentum: All-India Area Rises 7% Ahead of 2025-26 SeasonCotton sowing for the upcoming 2025-26 season has shown a positive trend across several states, with total sowing across India reaching 31.25 lakh hectares, a 7.3% increase compared to 29.12 lakh hectares recorded during the same period last year.State-wise Performance:Rajasthan has witnessed a robust increase, with cotton sowing covering 550.29 thousand hectares, up from 444.79 thousand hectares last year — a significant 23.7% jump.Gujarat, another key cotton-growing state, reported a rise in coverage, with 7.58 lakh hectares (757,842 ha) sown so far compared to 5.80 lakh hectares (580,128 ha) last year — marking a 30.6% surge.Maharashtra has also registered a moderate increase. Sowing has reached 11.53 lakh hectares (1,153,486 ha), up from 11.30 lakh hectares (1,129,892 ha), a 2.1% rise.However, not all states have seen a positive trend:Karnataka reported a decline, with sowing dropping to 3.36 lakh hectares compared to 5.19 lakh hectares in the previous year — a sharp 35.3% fall.Telangana has also seen reduced sowing activity, with the area under cotton falling to 22.84 lakh hectares (2,284,474 ha) from 26.42 lakh hectares (2,641,595 ha) — a 13.5% decrease.Outlook: Experts attribute the increase in sowing in Rajasthan and Gujarat to favorable early monsoon conditions and improved market sentiment. On the other hand, delayed rains and shifting crop preferences may have impacted sowing in Karnataka and Telangana.The Ministry of Agriculture is monitoring sowing trends closely as monsoon patterns evolve. The overall positive start indicates a potentially strong kharif season for cotton if favorable weather persists in the coming weeks.read more :- Rupee higher 18 Paise Against USD, Closes at 85.70
The Indian rupee on thursday higher 18 paise to close at 85.70 per dollar, while it opened at 85.88 in the morning.At close, the Sensex was up 1,000.36 points or 1.21 percent at 83,755.87, and the Nifty was up 304.25 points or 1.21 percent at 25,549. About 1983 shares advanced, 1855 shares declined, and 151 shares unchanged.read more :- Lower US tariffs on textile goods could make India competitive: Crisil
US Tariff Cut May Boost Indian TextilesAccording to Crisil, the US-India bilateral trade agreement (BTA) under negotiation is likely to reduce India's goods trade surplus with the United States, and India will be able to import more energy products, certain agricultural products and defence equipment, among others, from the US.Although the United States is India's largest export partner, there is scope to further increase exports in sectors such as smartphones, certain pharma products and labour-intensive exports such as textiles and gems and jewellery, S&P Global said in a note.As the first tranche of the proposed BTA is targeted to be completed by autumn 2025, India should be prepared to see more imports from the United States as India's tariffs are much higher than those of the United States and reducing them would be beneficial for US exporters.Crisil feels there is some scope for India to increase its exports to the United States.Textile products are among the major products exported to the US that attract duty. Lower duty under the BTA could help India compete with other major textile exporters such as Bangladesh, China and Vietnam.While some textile products such as toilet linen, kitchen linen and bed linen already have significant market share (which should get a boost from the duty reduction), Crisil said the market penetration for products in the readymade garment (RMG) sector is low and would benefit from the duty reduction."India's imposition of zero or lower duty on cotton imports from the US could enhance synergies in textile trade, especially when India's cotton production is declining. This could help meet the growing demand for RMG from the US, provided duty on such imports is reduced," it said.read more :- Gujarat: Farmers sowed crops in 12,950 hectares, most of them were cotton
Gujarat Begins Kharif Sowing, Cotton on TopVadodara : India is an agricultural country, so it is natural to have good rains in the agricultural sector. The sons of the soil are eagerly waiting for the rain. There is an atmosphere of happiness among the farmers of Vadodara district due to rain from the sky this year. In the current Kharif season, sowing has been completed in 12,950 hectares of agricultural area in the district so far.Out of the total 12,950 hectares of Kharif crop sown in Vadodara district, cotton has been sown in 8,891 hectares of land, which is the highest. Apart from this, fodder has been sown in 2,042 hectares of land. Vegetables have been planted in 1,781 hectares, soybean in 125 hectares and pigeon pea crop in 60 hectares. While banana and papaya have been planted in 1 hectare each.If we look at the area of Kharif crops taluka wise, then crops have been sown on 4,201 hectares in Dabhoi, 49 in Desar, 1,363 in Karjan, 4,399 in Padra, 552 in Savli and 2,386 hectares in Shinor. After the solid planning of the state and central government, farmers have not faced any problem in getting fertilizers. On the other hand, the sons of the soil, who are facing the demon-like rain from the sky, have taken up the task of converting every grain of food into a grain with full enthusiasm.read more :- Cotton sowing slows down, decline continues in northern region
As sowing season nears end, northern cotton area likely to decline furtherDespite a marginal uptick in Punjab, cotton sowing remains sluggish in Haryana and Rajasthan as the 2024-25 season draws to a close. The northern cotton belt is once again witnessing a likely decline in the total area under the crop, adding to apprehensions already built up over erratic weather and pest attacks. Cotton has been sown in 1.13 lakh hectares so far in Punjab, Haryana (3.80 lakh hectares), Rajasthan (5.17 lakh hectares), covering both upland and lowland areas.With sowing almost complete and monsoon deadlines getting tighter, agriculture officials in both states are expressing cautious optimism but admit that matching last year’s acreage is unlikely. In contrast, Punjab has slightly reversed the trend by recording a 15% rise in cotton sowing this year – at least a partial recovery from historical lows. Punjab's cotton area will drop to a little less than 1 lakh hectare in 2024-25, much lower than last year's (2023-24) 2.14 lakh hectares - a massive reduction of over 50%.In Haryana, this year's figures are much lower than 4.76 lakh hectares in 2024-25 and 5.78 lakh hectares in 2023-24. Now, officials are hoping to reach 4 lakh hectares by the end of the season.In Rajasthan, the crop has seen a significant decline in the last two years as it was 6.62 lakh hectares last year (2024-25) from 10.04 lakh hectares in 2023-24. The delayed sowing will continue till the end of June.Collectively, cotton has been sown in 10.10 lakh hectares so far in the northern region, which is about 2.35 lakh hectares less than last year, when the area under the crop across the three states was 12.35 lakh hectares and about 7.86 lakh hectares less than 2023-24, when the total area under cotton across the three states was 17.96 lakh hectares.The once thriving northern cotton belt is now losing ground fast.Haryana blamed the slow sowing on the delay in the release of water from Punjab's Bhakra canal system in May and June, which slowed the irrigation cycle. "Cotton acreage has been less this year due to water shortage, but we still hope to achieve around 4 lakh hectares," said a senior official of the Haryana agriculture department. In Rajasthan, the sowing season started late due to hot weather, forcing many farmers to sow the crop twice or thrice, pushing back the optimum planting time, a senior Rajasthan agriculture department official said."We expect sowing to continue till June-end, but a full recovery of last year's acreage is unlikely," a state agriculture official said. Apart from weather and water, cotton growers in all three of these states are grappling with persistent pink bollworm infestation, which has hit yields and dented farmers' confidence. Punjab has been the worst hit, with some experts urging the state to engage entomologists and pest management scientists to mitigate the pest threat.It is worth noting that the state used to cultivate cotton in an area of over 8 lakh hectares in the early 2000s - much less than now. Cotton production in Punjab in 2024-25 (till April 30 this year) was only 1.50 lakh bales (each of 170 kg), as against 3.65 lakh bales in 2023-24 during the same period. Production in Haryana declined to 6.98 lakh bales from 13.30 lakh bales last year. Upper Rajasthan produced 9.77 lakh bales and Lower Rajasthan 8.60 lakh bales of cotton, as against 15.47 lakh bales and 13.20 lakh bales respectively last year.The contribution of the northern region to the total national cotton production declined to only 10% this year as against 14% last year (till April end). The main reason for this decline is the reduction in cotton growing area, especially in Punjab, which is a growing concern.For the 2025-26 season, the minimum support price (MSP) announced by the central government is Rs 7,710 per quintal for medium staple cotton and Rs 8,110 per quintal for long staple cotton. Farmers can usually harvest eight to 12 quintals of cotton per acre, provided there is no pest attack and weather conditions are favourable. In the north, farmers mainly grow medium staple cotton. He said high transportation costs would further burden the struggling industry: "Unless the local availability of cotton improves, the survival of the industry is at serious risk. This situation can improve only if cotton acreage increases - cotton is the best alternative to water-intensive paddy crop."read more :- INR Up 21 Paise, Opens at 85.88
Rupee rises 21 paise to 85.88 against US dollar in early tradeIndian rupee opened 21 paise higher on June 26 at 85.88 against the US dollar compared to the previous close of 86.09 against the greenback.read more :- Weather Warnings Issued Across India: Heavy Rain, Storms, and Strong Winds Ahead
Monsoon Alert: Heavy Downpours & Gusty Winds Across IndiaTelangana:The India Meteorological Department (IMD) has issued a short-term weather alert for several districts in Telangana. Light to moderate rain, accompanied by thundershowers, squalls, and lightning strikes, is likely to occur over the next 2–3 hours in Hyderabad, Jangaon, Kamareddy, Karimnagar, Khammam, Mahabubabad, Mahbubnagar, Malkajgiri, Medak, Nagarkurnool, Nalgonda, Ranga Reddy, Sangareddy, Siddipet, Suryapet, Vikarabad, Warangal (Urban and Rural), and Yadadri-Bhongir.Odisha:Moderate weather activity is expected across several districts of Odisha within the next 3–4 hours. The IMD forecasts spells of light to moderate rain and thundershowers, accompanied by gusty winds ranging from 30–40 km/h and isolated lightning. Affected districts include Anugul, Baleshwar, Baudh, Bhadrak, Cuttack, Debagarh, Dhenkanal, Gajapati, Ganjam, Jagatsinghapur, Jajapur, Kandhamal, Kendrapara, Kendujhar, Khordha, Mayurbhanj, Nayagarh, and Puri.Rajasthan & Gujarat:Monsoon conditions are set to become active over Rajasthan and Gujarat in the coming days. The IMD warns of heavy to very heavy rainfall likely between June 25 and the subsequent few days, urging residents and authorities to stay alert.Other Regions:Scattered rain activity continues in other parts of the country. Light to moderate rainfall, with isolated heavy spells, is likely over Madhya Pradesh, Chhattisgarh, Jharkhand, Odisha, eastern Gujarat, Kerala, and the northeastern states of India over the next few days.READ MORE :-Cotton Farming: Paddy spoiled the game of cotton in Sirsa, 'white gold' found in the soil
Paddy Cultivation Hits Cotton Hard in SirsaCotton Farming: From 2003 to 2014, cotton was produced in large quantities in Sirsa and that period is called the 'golden period' of cotton. At that time, BT cotton seeds (BG-1 in 2003 and BG-2 in 2005) brought a revolution in production. Cotton cultivation was at its peak in the year 2011. At that time, cotton was cultivated in 2.11 lakh hectares and a bumper production of 9.56 lakh metric tonnes was achieved.Sirsa district of Haryana was once known for cotton cultivation. It was once called 'white gold' here. But now the cotton fields are lying vacant here and farmers have started turning away from cotton cultivation. Cotton fields have turned into dusty fields because farmers are now interested in paddy cultivation. According to a report, paddy cultivation has overtaken cotton last year. While the area under paddy has increased, the area under cotton is shrinking.In 2024, paddy will be ahead, cotton will be behindAccording to the news of the newspaper The Tribune, in the year 2024, paddy will overtake cotton by a huge margin. While paddy was cultivated in 1.56 lakh hectares and more than 6 lakh metric tonnes were produced, cotton was cultivated in 1.37 lakh hectares and 4.3 lakh metric tonnes were produced. From 2003 to 2014, cotton was produced in large quantities in Sirsa and that period is even called the 'golden period' of cotton. At that time, BT cotton seeds (BG-1 in 2003 and BG-2 in 2005) brought about a revolution in production. Cotton cultivation was at its peak in the year 2011. At that time, cotton was cultivated in 2.11 lakh hectares and a bumper production of 9.56 lakh metric tonnes was achieved.Pink bollworm and white fly enemiesThe situation has started changing in the last five-six years. Cotton crops have been devastated by whitefly and pink bollworm infestations. Farming has worsened due to constantly changing weather and stagnation in seed technology. Farmers are now preferring paddy cultivation even in water-scarce areas. However, paddy cultivation is very demanding for water. According to the data of the Agriculture Department, cotton cultivation has declined from 2.09 lakh hectares in 2020 to just 1.37 lakh hectares in 2024. During the same period, paddy cultivation increased from 97,000 hectares in 2018 to 1.56 lakh hectares in 2024, and is estimated to cross 1.7 lakh hectares this year.Temperature also became an enemyFarmers say that when BT cotton was initially successful, it covered up a problem that was really a big challenge. BT seeds dealt with the bollworm, but pests started attacking it. Whitefly and pink bollworm are back, and there is no new generation seed. The pesticide lobby blocked BG-3. Now farmers have to face pest attacks every season. Because of this, many farmers have stopped cultivating cotton. Farmers have also blamed rising temperatures and high humidity levels for the increasing pest attacks.Up to 90 percent of the crop was destroyedFarmers do not forget how up to 90 percent of the cotton crop was destroyed due to pink bollworm in the years 2022 and 2023. Due to this, farmers suffered huge losses. Many farmers suffered losses of up to Rs 50,000 per acre. Some got insurance while some are still waiting for compensation. Dr. Anil Mehta, scientist in charge of the Central Cotton Research Institute in Sirsa, attributed the decline in cotton crop mainly to low yield due to pest attacks.He said that after harvesting, farmers leave cotton stalks in the fields or at home, due to which the larvae survive and attack the next crop. Also, lack of water during sowing has a very bad effect on germination. At the same time, according to some experts, cotton seeds are still available but seeds of pest-resistant varieties are needed.read more :- INR Drops 09 Paise, Closes at 86.09 per Dollar
The Indian rupee on wednesday lower 09 paise to close at 86.09 per dollar, while it opened at 86.00 in the morning.At close, the Sensex was up 700.40 points or 0.85 percent at 82,755.51, and the Nifty was up 200.40 points or 0.80 percent at 25,244.75. About 2711 shares advanced, 1163 shares declined, and 127 shares unchanged.read more :- Tamil Nadu: Tirupur in trouble? What is stopping this Rs 70,000 crore textile cluster from growing?
Tirupur’s Textile Boom Hits a RoadblockTirupur, located on the banks of the Noyyal river in western Tamil Nadu, may seem like a quiet, anonymous town at first glance. However, its unassuming appearance belies its status as a giant in global textiles. But the numbers say it all. The textile cluster clocked a whopping Rs 70,000 crore in total trade in FY25. In fact, Tirupur accounts for 90% of India’s cotton knitwear exports and 54% of total woven garments exports, earning it the distinction of ‘Knitwear Capital of India’. Not just in the last fiscal, but for the last several years, Tirupur has been consistently contributing more than half of India’s total knitwear exports. According to data from the Ministry of Commerce and Industry, it achieved record exports of Rs 39,618 crore in knitwear products in FY25, up from Rs 33,045 crore in FY24 and Rs 27,280 crore in FY20 (see chart).Despite the remarkable growth over the past few years, Tiruppur continues to face significant challenges. Until recently, exports in Tiruppur had become highly uncompetitive due to lack of a level playing field with countries such as Bangladesh, which benefits from duty-free access in textiles as a least developed country (LDC). Although recent political instability in Bangladesh and the China+1 strategy presented growth opportunities, with global clothing brands shifting their focus to India, it was short-lived.In-depth interactions with various industry players during ET Digital's recent visit to Tiruppur reveal that addressing issues of skilled labour availability, improving infrastructure and investing in technology upgradation are key to Tiruppur's future prospects.Creating an ecosystemThe initial exports (direct) from Tiruppur started from Italy. Verona, an Italian textile importer, came to the city in 1978 to buy white T-shirts through Mumbai-based exporters. At that time, a lot of workers were engaged in making garments for merchant exporters. According to the Tiruppur Exporters Association (TEA), seeing the potential, Verona brought the European business to Tiruppur. Three years later, European retail chain C&A entered the market, followed by other stores who approached exporters for supply of garments. Eventually, exports from Tiruppur started in the 1980s with 15 export units. In 1985, the city exported garments worth Rs 15 crore.“In the past, we did not have dyeing technology, and we needed water; neither did we know the technology to convert grey cloth to colour,” recalls Kumar Duraiswamy, joint secretary, TEA. “These were all developed by our own R&D.”Initially, Tirupur produced only white cloth. As buyers wanted more colours, they imported colours from Ahmedabad and northern parts of the country. “We initially dyed it in iron drums, later upgraded it and later shifted to steel tanks. Then machines from Europe, the US, Taiwan and Japan replaced this steel tank,” he says.The next few years were unexpectedly successful, with exports from the cluster reaching Rs 300 crore in 1990. In FY25, the number rose to a record Rs 40,000 crore, while domestic consumption rose to Rs 30,000 crore.read more :- Rupee falls 07 paise at open to 86.00 against US dollar
Rupee opens 07 paise down against dollar at 86.00 Indian rupee opened 07 paise lower at 86.00 per dollar on wednesday versus tuesday 's close of 85.93.read more :- Rupee Gains 17 Paisa, Closes at 85.93 Against Dollar
The Indian rupee on tuesday higher 17 paise to close at 85.93 per dollar, while it opened at 86.10 in the morning. After hitting an intraday high of 83,018.16, the BSE Sensex settled at 82,055.11, up by 158.32 points or 0.19 per cent.read more :- CCI Cotton Sale: CCI sold the most cotton in Maharashtra most purchases in Telangana
Maharashtra Records Highest Cotton Sales; Telangana Buys the MostCotton Corporation of India had purchased 100 lakh bales of cotton at a guaranteed price this season. Out of which 35 lakh bales of cotton have been sold so far and 65 lakh bales of cotton are remaining. Cotton Corporation of India (CCI) Chairman and Managing Director Lalit Kumar Gupta said that the cotton auction is going on smoothly.This year, the price of cotton in the open market was less than the guaranteed price. Due to this, CCI's cotton purchase received a tremendous response from the farmers. The Cotton Association of India has estimated cotton production of 301 lakh bales in the country this year. Out of which CCI has purchased about 100 lakh bales of cotton from 12 states this season.CCI alone has purchased about 33 percent of the cotton production in the country. If we look at the state-wise cotton purchase, the maximum of 40 lakh bales of cotton was purchased in Telangana. Cotton prices in Telangana remained comparatively low. After that, 29 lakh bales of cotton were purchased in Maharashtra. Whereas 14 lakh bales of cotton were purchased in Gujarat.CCI currently has the highest stock of cotton in the country. Therefore, CCI's cotton sale is directly affecting the market. CCI's cotton sale is also going smoothly. CCI Chairman and Managing Director Lalit Kumar Gupta said that CCI has sold 35 lakh bales of cotton so far. So far, the maximum cotton has been sold in Maharashtra in cotton sale.State-wise cotton saleCCI has so far sold about 16 lakh bales of cotton in Maharashtra. While Telangana sold about 8 lakh bales of cotton. Gujarat also sold 5 lakh bales of cotton. 2 lakh bales of cotton were sold in Madhya Pradesh and 1.5 lakh bales in Karnataka. About 2.5 lakh bales of cotton were also sold in other states.Cotton sale prices reduced The prices of cotton in the country may be less than the guaranteed price, but they are higher than the international market prices. Therefore, the industries had demanded that CCI reduce the sale prices of cotton. Due to the increase in the price of crude oil, there is some volatility in the international market. There has been some improvement in the prices in the country as well. Industries said that CCI has reduced the selling prices of cotton by about Rs 500 per bale. In the recent auction, the bale prices were between Rs 53,500 and Rs 54,500. While the prices of Kasturi bales were between Rs 55,300.read more :- INR Opens Stronger by 65 Paise at 86.10
Rupee opens 65 paise stronger at 86.10/USD after crude eases on Israel-Iran ceasefire, dollar weakensThe currency opened at 86.10 against the US dollar as compared to 86.75 against the greenback at previous close.read more :- Rupee Down 01 Paise, Closes at 86.75
The Indian rupee on monday lower 01 paise to close at 86.75 per dollar, while it opened at 86.74 in the morning.At close, the Sensex was down 511.38 points or 0.62 percent at 81,896.79, and the Nifty was down 140.50 points or 0.56 percent at 24,971.90. About 1794 shares advanced, 2113 shares declined, and 175 shares unchanged.read more :- Cotton Trade Summary for May 2025: Import and Export Analysis
Cotton Import-Export Trends – MayA comprehensive overview of cotton trade activity for the month of May 2025 reveals significant movement in both imports and exports, highlighting key international trading partners and volumes.Cotton Imports – May 2025During May 2025, a total of 273,150 bales of cotton were imported into the country from various international sources. The top five countries contributing to cotton imports are as follows:* United States – 101,700 bales* Switzerland – 49,880 bales* Singapore – 48,750 bales* Netherlands – 16,550 bales* Egypt – 14,870 balesThe United States emerged as the leading supplier of cotton for the month, accounting for nearly 37% of the total import volume.Cotton Exports – May 2025On the export front, a total of 134,800 bales of cotton were shipped to various international destinations. The top five export markets were:* Bangladesh – 118,800 bales* Vietnam – 9,790 bales* China – 2,500 bales* Indonesia – 2,280 bales* Mali – 580 balesBangladesh was the dominant export destination, receiving approximately 88% of the total cotton exported in May.Trade InsightsThe trade data indicates that the United States remains the largest source of cotton imports, while Bangladesh continues to be the primary export destination. This reflects the ongoing strong trade ties with these nations in the textile and cotton sector.This data is crucial for stakeholders in the textile industry, traders, and policymakers to assess market trends, adjust procurement strategies, and evaluate trade performance.SiS Committed to update you on all textile related news real time.read more :- Rupee open Declines 15 Paise to 86.74 per Dollar
| title | Created At | Action |
|---|---|---|
| INR rises 01 Paise, Closes at 85.49 per Dollar | 27-06-2025 15:48:43 | view |
| Tamil Nadu: Business Traditions: Why cotton-rich Tirupur is turning to synthetics | 27-06-2025 12:06:20 | view |
| Rupee Rises 20 Paise to 85.50 Against Dollar | 27-06-2025 10:24:15 | view |
| India's monsoon set to cover entire country over a week early | 26-06-2025 17:46:00 | view |
| Cotton Sowing Up 7% Ahead of 2025-26 Season | 26-06-2025 17:27:10 | view |
| Rupee higher 18 Paise Against USD, Closes at 85.70 | 26-06-2025 15:44:06 | view |
| Lower US tariffs on textile goods could make India competitive: Crisil | 26-06-2025 13:08:06 | view |
| Gujarat: Farmers sowed crops in 12,950 hectares, most of them were cotton | 26-06-2025 12:17:25 | view |
| Cotton sowing slows down, decline continues in northern region | 26-06-2025 11:29:11 | view |
| INR Up 21 Paise, Opens at 85.88 | 26-06-2025 10:27:38 | view |
| Weather Warnings Issued Across India: Heavy Rain, Storms, and Strong Winds Ahead | 25-06-2025 18:37:41 | view |
| Cotton Farming: Paddy spoiled the game of cotton in Sirsa, 'white gold' found in the soil | 25-06-2025 16:25:18 | view |
| INR Drops 09 Paise, Closes at 86.09 per Dollar | 25-06-2025 15:45:23 | view |
| Tamil Nadu: Tirupur in trouble? What is stopping this Rs 70,000 crore textile cluster from growing? | 25-06-2025 11:30:14 | view |
| Rupee falls 07 paise at open to 86.00 against US dollar | 25-06-2025 10:28:35 | view |
| Rupee Gains 17 Paisa, Closes at 85.93 Against Dollar | 24-06-2025 15:57:51 | view |
| CCI Cotton Sale: CCI sold the most cotton in Maharashtra most purchases in Telangana | 24-06-2025 15:12:39 | view |
| INR Opens Stronger by 65 Paise at 86.10 | 24-06-2025 10:24:51 | view |
| Rupee Down 01 Paise, Closes at 86.75 | 23-06-2025 15:44:04 | view |
| Cotton Trade Summary for May 2025: Import and Export Analysis | 23-06-2025 11:24:55 | view |
