Rupee Opens 8 Paise Lower at 93.95/USDThe Indian Rupee opened 8 paise lower at 93.95 against the US dollar on Wednesday, compared to its Tuesday closing level of 93.87.READ MORE :- Rupee fell 24 paise to close at 93.87 per dollar
The Indian rupee on Tuesday lower 24 paise to close at 93.87 per dollar, while it opened at 93.63 in the morning.At close, the Sensex was up 1,372.06 points or 1.89 percent at 74,068.45, and the Nifty was up 445.15 points or 1.98 percent at 22,957.80. About 2843 shares advanced, 1257 shares declined, and 152 shares unchanged.read more :- RoDTEP scheme reinstated: Decision to provide financial support to exporters
India restores RoDTEP benefits to cushion exporters amid war India has restored the rates and value caps under the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme for all eligible export products with effect from March 23.“The RoDTEP rates and value caps, as applicable on February 22, 2026, are hereby restored with effect from February 23, 2026, to March 31, 2026, for all eligible export products,” a notification by the Directorate General of Foreign Trade (DGFT) said.The decision has been taken keeping in view the evolving geopolitical situation and its implications for maritime trade.The step is intended to provide timely support to Indian exporters facing elevated freight costs and war-related trade risks arising from disruptions in the Gulf and the wider West Asia maritime corridor, the Ministry of Commerce and Industry said in a release.The restored rates shall be those that were in force as on February 22, 2026, thereby withdrawing the earlier restriction of 50 per cent imposed on February 23.Welcoming the decision, the Confederation of Indian Textile Industry (CITI) said as textile and apparel exporters typically operate under narrow margins, the decision will relieve some of the pressure on margins faced by exporters in this arena.read more :- JL Oswal invests ₹1,550 crore in Punjab
JL Oswal Group to invest ₹1,550 crore in Punjab; Major Boost for Textile OperationsThe JL Oswal Group, which is a diversified group with interests in textiles, logistics, renewable energy, and hospitality, is investing approximately Rs 1,550 crore in Punjab, a majority of which will be invested in its textile division.Of the Rs 1,550 crore, Rs 450 crore has been allocated for the modernization and capacity expansion of its existing spinning and textile manufacturing facilities. The investment in the textile division will enhance productivity and product quality and is designed to meet the growing global demand for premium textile products.The JL Oswal Group is also investing an additional Rs 50 crore for a state-of-the-art apparel manufacturing unit in order to drive value-added manufacturing. The group which has annual revenue of approximately Rs 8,000 crore, is also investing Rs 400 crore in the development of logistics parks and industrial infrastructure to streamline supply chain efficiency.Rs 50 crore is also being invested in sustainable energy solutions which will ensure that the new production plants align with green industrial standards. The whole investment will be spread across the next three years and is expected to generate over 4,000 direct and indirect employment opportunities.read more :- Government will soon decide BT cottonseed price for 2026-27
Government to soon notify Bt cottonseed price cap for 2026–27 kharif seasonThe Union Agriculture Ministry is expected to shortly announce the maximum retail price (MRP) for Bt cotton seeds for the upcoming 2026–27 kharif season, covering Bollgard I and Bollgard II varieties, as sowing preparations begin across cotton-growing regions.According to industry sources, the government is unlikely to raise seed prices this year, although a final decision will be taken at the highest level after ongoing stakeholder consultations.In the previous revision, the MRP of Bollgard II seeds was increased to ₹900 per 450-gram packet for 2025–26, up from ₹864 in the preceding year. The price of Bollgard I seeds has remained unchanged at ₹635 per packet since 2016, when cotton seed price controls were first introduced.Industry representatives noted that in some earlier years, such as 2019–20, the Bollgard II price remained unchanged at ₹710 per packet. They suggest that even if no revision is made this year, it may not significantly impact the industry given the relatively modest increase in the previous cycle.Under the Cotton Seeds Price (Control) Order, 2015, the government is legally required to notify seed prices annually, regardless of whether there is a change. Officials said this mechanism ensures transparency and prevents farmers from being overcharged, as the notified MRP acts as an upper limit rather than a fixed selling price.However, the policy has faced criticism from some farmer groups, including those aligned with the Bharatiya Kisan Sangh, which has opposed government-set pricing for Bt cotton seeds. The group argues that price controls have distorted the seed market and claim that non-GM cotton seeds are being sold at lower prices as a result. They also question the effectiveness of Bt cotton against pests such as the pink bollworm.Government officials, meanwhile, maintain that price regulation was introduced after earlier instances of overpricing in the seed market, and is intended to protect farmers. They emphasize that the MRP is only a ceiling price, not a floor price.Cotton remains one of the most widely cultivated cash crops in India, with official data indicating that around 95% of cotton acreage is under Bt cotton. At the same time, concerns have been raised about evolving pest resistance, particularly the pink bollworm, which has reduced the effectiveness of Bt traits in several regions.Officials also noted that while Bt cotton initially helped reduce pesticide use, farmers are now reporting increased pressure from sucking pests, leading to higher pesticide expenditures in recent years.read more :- DGTR Proposal: Anti-Dumping Duty on Chinese Yarn
Govt trade body DGTR recommends anti-dumping duties on Chinese yarn amid ethyl chloroformate probeNEW DELHI: The Directorate General of Trade Remedies (DGTR), a body under the Union commerce ministry, has recommended the imposition of anti-dumping duties on Chinese viscose rayon filament yarn (above 75 deniers)—a widely used man-made textile fibre, according to a government notification issued on Monday.The proposed duties include $386 per metric tonne for Xinxiang Chemical Fibre Co Ltd, $667 for Jilin Chemical Fiber Co., and $518 for Yibin Hiest Fibre Limited Corporation and related exporters. Other producers would face a duty of $1,071 per metric tonne, the notification stated.The move comes days after the DGTR initiated an anti-dumping investigation into imports of ethyl chloroformate from China. The probe followed a complaint by domestic manufacturer Paushak, which alleged that the chemical was being sold in India at “unfairly low prices,” impacting local industry.The DGTR’s findings indicated that dumped imports from China had risen significantly, undercutting domestic prices and causing material injury to Indian producers.The duties, if approved by the Ministry of Finance, will be imposed on yarn imports for a period of five years.Paushak's complaintIn its complaint, Paushak—a Gujarat-based company that describes itself as India’s largest specialty phosgene-based chemical manufacturer—alleged that imports from China had caused “material injury” to domestic producers.The firm also claimed to be the country’s sole producer of ethyl chloroformate, accounting for India’s entire output of the chemical.The DGTR said it would examine whether the product was being dumped in the Indian market and whether anti-dumping duties were necessary to offset the alleged injury to the domestic industry.Ethyl chloroformateEthyl chloroformate is an organic chemical intermediate widely used in the manufacture of pharmaceuticals and agrochemicals. Given its importance to these sectors, any anti-dumping duty could have wider downstream implications.If the DGTR’s recommendations are approved, they could raise input costs for drugmakers and agrochemical firms, even as they provide protection to domestic producers.The body’s preliminary assessment indicated that the dumping margin was above the de minimis threshold, suggesting significant price undercutting by Chinese exporters—one of the key factors examined in anti-dumping cases.The investigation covered the period from October 2024 to September 2025.(With Reuters inputs)read more :- Fear of Tariffs or War: Which Impacts the Textile Market More?
Tariffs Impact Textile Sector More Than US–Iran Conflict: Industry ExpertThe ongoing US–Israel–Iran conflict has added fresh uncertainty to global markets, raising concerns about its potential impact on the textile and apparel industry. However, industry leaders believe that earlier tariff measures imposed by the administration of Donald Trump have had a far greater impact on the sector than the current geopolitical tensions.Speaking to NDTV Profit, Pallab Banerjee, Managing Director of Pearl Global, said that the tariff-related disruptions created a much stronger setback for the textile industry compared to the ongoing West Asia conflict.According to him, price fluctuations and commodity shocks from the current conflict remain relatively limited so far. In contrast, tariffs introduced earlier have already created significant structural pressure on exporters and manufacturers.He added that, despite global uncertainty, consumer sentiment has remained largely stable for now, with no major disruption observed in demand conditions.Key Concern: Rising Freight and Oil PricesBanerjee highlighted that the major risk from the ongoing conflict is uncertainty over crude oil prices. If tensions escalate further, oil prices could rise sharply, potentially crossing higher thresholds and affecting global trade costs.He also pointed out that container freight rates have surged by nearly 50% since before the conflict. However, he noted that exporters are not directly absorbing these costs, as freight charges are typically borne through import arrangements.Industry OutlookThe textile sector is currently weighing two major external pressures:Long-term tariff impacts from earlier trade policiesShort-term uncertainty from the US–Israel–Iran conflictDespite these challenges, the industry has not yet seen a major disruption in demand, though rising logistics costs remain a key concern.read more :- Rupee Opens 34 Paise Higher at 93.63
Rupee Opens 34 Paise Stronger at 93.63 Against US DollarThe Indian rupee opened higher on Tuesday, gaining 34 paise to trade at 93.63 per US dollar. This compares with its previous close of 93.97 on Monday. READ MORE :- Brazil Cotton Dialogues 2026 announced
Cotton Brazil Dialogues Confirms 2026 Edition With Immersive Visits To Brazil’s Leading Cotton-Producing RegionsCotton Brazil Dialogues has confirmed its 2026 edition, continuing its mission to promote responsible cotton production and stronger collaboration across the global textile value chain. The programme will bring together industry experts, brands, retailers, and international organizations for immersive field visits across Brazil’s leading cotton-producing regions. Its core objective is to foster transparency, share knowledge, and highlight sustainable practices in Brazilian cotton production.Organized by the Brazilian Cotton Growers Association (Abrapa) in partnership with ApexBrasil and ANEA, the initiative is part of a broader effort to position Brazilian cotton in the global market. The programme features a one-week experience that allows participants to explore the entire production chain, including farm visits, HVI laboratories, and cotton processing facilities.For 2026, the programme introduces an expanded format with two separate sessions scheduled for July 27–31 and August 17–21. This adjustment aims to accommodate a more diverse group of participants and encourage deeper engagement among stakeholders. The initiative continues to serve as a platform for meaningful dialogue between Brazil’s cotton sector and international partners.A key highlight of the programme is its strong emphasis on sustainability. Participants will visit cotton farms in Mato Grosso, Bahia, and Goiás, where they will observe regenerative and precision agriculture practices. The programme also showcases Brazil’s ABR (Responsible Brazilian Cotton) certification, which ensures responsible production standards across all stages.Traceability is another central theme, with participants gaining insight into systems that track cotton from farm to final product. These initiatives reinforce transparency and build trust within the global textile supply chain. The agenda also includes roundtable discussions, enabling direct exchanges between producers and international stakeholders.By connecting professionals from across the value chain—including producers, traders, spinners, and sourcing leaders—the Cotton Brazil Dialogues strengthens collaboration and long-term partnerships. The 2026 edition places special focus on engaging sourcing professionals, ensuring they gain firsthand understanding of how technology, scale, and sustainability are integrated into Brazil’s cotton industry.read more :- Rupee fell 14 paise to close at 93.97 per dollar
On Monday, the Indian rupee closed 14 paise lower at 93.97 against the dollar, while it had opened at 93.83 in the morning.At close, the Sensex was down 1,836.57 points or 2.46 percent at 72,696.39, and the Nifty was down 601.85 points or 2.60 percent at 22,512.65. About 592 shares advanced, 3654 shares declined, and 114 shares unchanged.read more :- State-wise CCI Cotton Sales (2025-26)
State-wise CCI Cotton Sales Details – 2025-26 SeasonThe Cotton Corporation of India (CCI) raised its cotton prices by upto ₹1,200-₹1400 per candy during this week . To date, CCI has sold approximately 29,64,400 cotton bales for the 2025-26 season. Sales are highly concentrated in a few major cotton-producing states, Maharashtra and Gujarat emerging as the leading contributors.
Rupee Opens 13 Paise Lower at 93.83/USDThe Indian Rupee opened 13 paise lower at 93.83 against the dollar on Monday, compared to its Friday close of 93.70.READ MORE :- CCI hikes cotton prices by ₹1,200-₹1,400, weekly sales cross 7.97 lakh bales
CCI Raises Cotton Prices by ₹1,200- ₹1,400 per Candy; Weekly Auction Sales Cross 7,97,000 Lakh BalesThe Cotton Corporation of India (CCI) raised its cotton prices by ₹1,400 per candy during the week from March 16 to March 19, 2026, while continuing its routine online auctions across multiple procurement centers. The auctions witnessed strong participation from mills and cotton traders, resulting in robust weekly sales of about 7,97,000 bales from the 2025–26 season.Day-wise Auction PerformanceMarch 16, 2026:The week opened on a strong note for CCI, recording its highest single-day sales of the week with 3,23,000 bales from the 2025–26 crop. Out of the total volume, mills purchased 1,43,900 bales, while traders accounted for 1,79,100 bales.March 17, 2026:Sales witnessed a slight moderation, with 2,87,000 bales sold, all from the current season’s crop. Of the total, mills purchased 1,32,600 bales, while traders bought 1,54,400 bales.March 18, 2026:Total sales were recorded at 1,87,000 bales, with 78,200 bales procured by mills and 1,08,800 bales purchased by traders.March 13, 2026:The week concluded with a sale of 1,59,400 bales, entirely from the 2025–26 crop.Mills purchased 71,900 balesTraders bought 87,500 balesCumulative Sales UpdateFollowing the latest auctions, CCI’s total sales reached:29,64,400 bales for the 2025–26 season98,85,100 bales for the 2024–25 season
Research vital for textile industry in Bhilwara: Chief secretaryBhilwara: Chief secretary V Srinivas stressed the importance of textile research and called for organising a global conference of textile experts in Bhilwara. He said this during his visit to the Bhilwara Circuit House Friday, where he was received by district collector Jasmeet Singh Sandhu and SP Dharmendra Singh and launched the district's first "Viksit Bharat Gram Abhiyan". He later inspected Nitin Spinners on Chittorgarh Road and interacted with with textile entrepreneurs and farmers.Addressing the press, Srinivas said cotton cultivation in Bhilwara had increased over the years and the textile industry in Bhilwara was progressing steadily as yarn exports from the district has increased. He noted that the number of spindles in the district had increased from around 60,000 to nearly 15 lakh. "Now we have a vision to scale it up to 50 lakh spindlers under the under the Viksit Bharat and Viksit Rajasthan vision for the year 2047," he added.Srinivas then talked about how the cultivation of Kasturi cotton was doing well in the district. He said this it would be boosted by the ‘Industrial Park Policy 2026' that was launched two days ago by the state govt. He also referred to the ‘Textile and Apparel Policy 2025' that was implemented last year in Dec and said govt is continiously making efforts to strengthen textile growth in areas such as Rupaheli in the district and how integrated growth could be achieved in the textile industry.Srinivas said extra-long staple cotton was being cultivated on around 30,000 hectares in Bhilwara and 11,000 hectares in Banswara. He said meetings would be held with the officials of the agriculture department, Cotton Corporation of India, and ginning factories on how to further increase this cultivation. He said a lot of growth potential has been observed in this sector and the state govt would move forward under the two policies launched by the state govt to keep up with this growth.read more :- Cotton demand expected to increase due to crude oil inflation
Rising crude prices could bring cotton back in demand With prices of man made fibres (MMF) such as polyester moving up in tandem with crude following the ongoing war in West Asia, cotton stake holders see demand coming back to the natural fibre. Polyester fibre prices have moved up by 10-25 per cent within days of crude moving up.Taking these developments in account, the Cotton Association of India expects consumption of cotton to go up by 10 lakh bales for the current season 2025-26 ending September, compared to projections made in January.The prices of man made fibres have gone up substantially because of this war, which has resulted in higher crude prices. So, many mills which are in man made fibres or have converted to man made fibres may come back to cotton, said Vinay N Kotak, President, CAI.Further, the rising international prices of cotton and the weakening of rupee against the dollar has also made the cotton imports costlier, he said.Cotton futures on ICE have gained from around 60.65 cents per pound in early March to a high of 69.34 this week before easing to current levels of 67.77.Following the firming trend, Cotton Corporation of India has revised upwards the prices by ₹1,400 per candy in the past few days. CCI has increased the prices in three instances of ₹500, ₹700 and ₹200 totalling ₹1,400 per candy of 356 kgs in the past few days.CCI chairman and managing director, Lalit Kumar Gupta said the increase in sale price is in line with the global trend and that there was good demand coming for cotton. CCI has procured over 1.04 crore bales of 170 kg each at minimum support price during the 2025-26 marketing season.Recently the demand for Indian cotton yarn has gone up from countries such as China, Bangaldesh and Vietnam with disruption in the global supply chain due to the ongoing war.Ramanuj Das Boob, a sourcing agent in Raichur said the prices of man made fibres like polyester have gone up by ₹10-30 per kg following the rise in crude prices. Unlike cotton MMF prices are fully dependent on petrochemicals and are likely to remain volatile. Balance between cotton and MMF will depend on crude stability.Futher Ramanuj Das Boob said CCI has been able to sell around 1.5-1.6 lakh bales per day despite increase in prices. Millers with immediate requirement are buying and that too on a need basis as most do not want to take positions consideirng the prevailing uncertainty over the war scenario, he said. Also, there some resistance for buying at higher prices for yarn and cloth, he added.Cotton has been facing increasing competition from man made fibres in the recent years. According to the International Cotton Advisory Council (ICAC) World Textile Demand report, cotton’s market share in global fibre consumption has dropped to below 25 per cent in recent years from nearly 40 per cent in the early 2000s.read more :- The rupee closed 82 paise lower against the dollar at 93.70
The Indian rupee on Friday lower 82 paise to close at 93.70 per dollar, while it opened at 92.88 in the morning.At close, the Sensex was up 325.72 points or 0.44 percent at 74,532.96, and the Nifty was up 112.35 points or 0.49 percent at 23,114.50. About 2330 shares advanced, 1764 shares declined, and 152 shares unchanged.read more :- Textile export center established in Jaipur to facilitate SMEs
| title | Created At | Action |
|---|---|---|
| Rupee Opens 8 Paise Lower at 93.95 | 25-03-2026 09:27:55 | view |
| Rupee fell 24 paise to close at 93.87 per dollar | 24-03-2026 15:38:32 | view |
| RoDTEP scheme reinstated: Decision to provide financial support to exporters | 24-03-2026 14:34:27 | view |
| JL Oswal invests ₹1,550 crore in Punjab | 24-03-2026 14:24:14 | view |
| Govt to Fix Bt Cotton Seed Price for 2026–27 Soon | 24-03-2026 13:03:08 | view |
| DGTR Proposal: Anti-Dumping Duty on Chinese Yarn | 24-03-2026 12:45:57 | view |
| Textile Industry Feels More Pressure from Tariffs Than West Asia Conflict, Says Expert | 24-03-2026 11:14:29 | view |
| Rupee Strengthens 34 Paise to Open at 93.63 Against US Dollar | 24-03-2026 09:24:59 | view |
| Brazil Cotton Dialogues 2026 announced | 23-03-2026 18:12:07 | view |
| Rupee fell 14 paise to close at 93.97 per dollar | 23-03-2026 15:41:14 | view |
| State-wise CCI Cotton Sales (2025-26) | 23-03-2026 10:59:58 | view |
| Rupee Opens 13 Paise Lower at 93.83 | 23-03-2026 09:22:14 | view |
| CCI hikes cotton prices by ₹1,200-₹1,400, weekly sales cross 7.97 lakh bales | 21-03-2026 13:29:34 | view |
| Emphasis on Research for the Textile Industry in Bhilwara: Chief Secretary | 21-03-2026 12:31:56 | view |
| Cotton demand expected to increase due to crude oil inflation | 21-03-2026 12:11:52 | view |
| The rupee closed 82 paise lower against the dollar at 93.70 | 20-03-2026 15:42:58 | view |
