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Importing cotton should be prohibited, as farmers fear financial loss from lower output.Farmers are worried about the falling prices of cotton, and now the demand for banning cotton import is gaining momentum. In major cotton producing states like Maharashtra, Andhra Pradesh and Telangana, the yield is getting affected due to high moisture in the crop.Demand to buy crop at MSPMany farmers are getting prices lower than the Minimum Support Price (MSP) for cotton crop, which is weakening their financial condition. Farmers want the government to buy their crop at MSP, which is Rs 7,122 per quintal.Fall in pricesMaharashtra, where about 40 lakh farmers cultivate cotton, ranks second in cotton production in the country. However, cotton prices are expected to fall domestically. Even despite adequate production, there is talk of large-scale cotton imports, which may lead to further decline in prices.Politics over cotton has heated up in Maharashtra due to the upcoming Rajya Sabha elections. Some leaders say that the Cotton Corporation of India has a large stock of cotton, due to which the demand for buying cotton at MSP is increasing. The current price of cotton in the state is between Rs 6,500-6,600 per quintal, which is less than the MSP of Rs 7,122. Therefore, farmers are hesitant to sell their crop and are waiting for a better price.Demand for ban on importPoliticians say that there is already a large stock of cotton in the country, so imports should be banned immediately. If imports continue, cotton prices may fall further, causing huge losses to farmers and profits to traders.Damage to crop due to weatherThe cotton crop has suffered a lot due to unseasonal rains, due to which farmers are upset. According to reports, this year about 19 lakh hectares of cotton crop has been affected by adverse weather. Due to high moisture, the crop is still wet in many areas, which is affecting its price in the market.Read More :> High Moisture Content Sparks Concerns for Cotton Farmers in Indian States

The rupee closed unchanged at 84.08 against the dollar this evening.At the close of trading, the BSE Sensex fell 426.85 points or 0.53 per cent to close at 79,942.18. The NSE's 50-share index, Nifty, fell 126 points or 0.51 per cent to close at 24,340.85.Read more:- High Moisture Content Sparks Concerns for Cotton Farmers in Indian States

The rupee drops 2 paise to 84.07 against the dollar.The rupee opened on a flat note and depreciated 2 paise to 84.07 against the US dollar in initial deals on Wednesday, weighed down by persistent foreign fund outflows and muted domestic equities.Read More :> High Moisture Content Sparks Concerns for Cotton Farmers in Indian States

This evening, the rupee finished at 84.08 against the US dollar, unchangedThe BSE Sensex rose 363.99 points or 0.45 per cent to close at 80,369.03. Similarly, the NSE Nifty 50 rose 127.70 points or 0.52 per cent to close at 24,466.85.Read More :-  High Moisture Content Sparks Concerns for Cotton Farmers in Indian States

High Moisture in Cotton Hits Farmers Across States, Prices Fall Below MSPCotton farmers in Telangana and Maharashtra are facing distress as high moisture content in their produce has led to lower market prices, often falling below the Minimum Support Price (MSP). The Cotton Corporation of India (CCI), which handles MSP procurement, says moisture levels are the main reason for rejection or price cuts.Farmers in Telangana report that cotton prices in several mandis have dropped significantly. “They are lowering prices, saying the moisture content is above the acceptable limit,” said a farmer from Warangal (name changed).Heavy rainfall and recent flooding have left harvested cotton wet in several regions, increasing moisture levels. According to CCI Chairman and MD Lalit Kumar Gupta, acceptable moisture levels are between 8–12%, but samples in some areas have shown levels as high as 20–25%. He advised farmers to properly dry cotton before bringing it to procurement centres.Due to recent festivals, arrivals at mandis have also been delayed. Around 90,000 bales arrived on Monday, taking total procurement to about 1.2 million bales this season.Cotton Association of India President Atul Ganatra has urged the government to allow procurement of cotton with moisture levels up to 18%, stating that continuous rains have worsened the situation. He added that farmers are being forced to sell cotton at ₹3,000–₹6,000 per quintal, well below MSP.While arrivals are lower by around 400,000 bales compared to last year, the CCI remains optimistic that better weather will improve the situation. “Sunny days will help reduce moisture levels,” Gupta said.Political criticism has also emerged. The BRS has accused the Telangana government of failing to support farmers, despite promises of a ₹500 per quintal bonus. However, the state agriculture minister has advised farmers to dry their produce before selling.The government has fixed MSP at ₹7,121 per quintal for medium-staple cotton and ₹7,521 for long-staple cotton, but actual prices vary depending on moisture content. Officials say nearly half of incoming cotton lots in some areas have failed moisture tests.CCI has issued advisories across cotton-growing states, while many farmers are now choosing to delay sales in hopes of better prices in the coming days.

Rupee Opens Flat at 84.08 vs US DollarMumbai, Oct 29 (PTI) The rupee opened on a flat note and depreciated 1 paisa to 84.08 against the US dollar in initial deals on Tuesday, as persistent foreign fund outflows and the strength of the American currency in the overseas market dented investor sentiments.Read More  :> Cotton Crops in Medak, Telangana, Are Devastated by Heavy Rains

This evening, the rupee closed unchanged at 84.08 against the dollar.At the end of the trading session, the Sensex rose 602.75 points or 0.76 percent to close at 80,005.04 and the Nifty rose 158.40 points or 0.66 percent to close at 24,339.20.Read more:- Farmers' Diwali was dull, heavy rain caused loss of 15 lakhs to cotton crop

Early trading of the rupee against the US currency is limited.The rupee witnessed range-bound trade and appreciated by just 1 paisa to 84.07 against the US dollar in initial deals on Monday, weighed down by significant foreign fund outflows and the strength of the American currency in the overseas market.Read More :> India’s Cotton Output Likely to Drop 7.4% Due to Excessive Rainfall

This evening, the rupee ended the day 1 paisa down versus the US dollar at 84.08At the close of trade, the BSE Sensex closed down 662.87 points or 0.83 per cent at 79,402.29. At the same time, NSE's 50-share index Nifty closed down 218.60 points or 0.90 percent at 24,180.80.Read More :-  India’s Cotton Output Likely to Drop 7.4% Due to Excessive Rainfall

In early trade, the rupee falls flat against the US dollar at 84.07.The rupee stayed in a straightjacket for yet another week, trading at its near all-time low of 84.07 against the US dollar on Friday (October 25, 2024) amid firm American currency and unprecedented foreign fund outflow.Read More :> Unseasonal Rains Damage Cotton Crop, Farmers Fear Lower Prices

The rupee strengthened by 1 paisa to close at 84.07 against the dollar this evening.The BSE Sensex closed 16.82 points lower at 80,065.16, while the NSE Nifty closed 36.10 points lower at 24,399.40.Read more:-  Unseasonal Rains Damage Cotton Crop, Farmers Fear Lower Prices