Recent News

CCI Raises Cotton Candy Prices by ₹600 per Candy; Weekly Auction Sales Cross 1.03 Lakh BalesThe Cotton Corporation of India (CCI) increased its cotton selling prices by ₹600 per candy during the week ending August 21, 2026, indicating firm demand from textile mills and cotton traders.During the week, CCI sold approximately 1,03,600 bales of cotton from the 2025–26 crop, with auction activity picking up sharply toward the end of the week.Day-Wise CCI Auction PerformanceAugust 17, 2026 (Monday)CCI started the week with sales of 2,400 bales, including 700 bales purchased by mills and 1,700 bales by traders.August 18, 2026 (Tuesday)A total of 3,700 bales were sold. Mills purchased 2,800 bales, while traders bought 900 bales.August 19, 2026 (Wednesday)CCI sold 13,900 bales, with mills accounting for 7,200 bales and traders purchasing 6,700 bales.August 20, 2026 (Thursday)Auction sales surged to 41,600 bales. Mills purchased 23,800 bales, while traders bought 17,800 bales.August 21, 2026 (Friday)The week ended with the highest daily sales of 42,000 bales. Mills purchased 27,200 bales, while traders bought 14,800 bales.Following the latest auctions, CCI's cumulative cotton sales for the 2025–26 season reached approximately 93.25 lakh bales, underscoring continued demand from domestic textile mills and cotton traders.

Cotton and Oilseed Sowing Lags; Farmers' Hopes Now Rest on RainfallAs of August 21, sowing of cotton and oilseeds during the Kharif season has remained slightly behind the figures for the same period last year. According to data from the Department of Agriculture and Farmers Welfare, cotton has been sown across 108.45 lakh hectares, against a normal area of 125.51 lakh hectares. Last year, this figure stood at 108.73 lakh hectares, meaning the acreage is lower by 0.28 lakh hectares this year.Total oilseed sowing stood at 188.38 lakh hectares, representing 94.15% of the normal area of 200.08 lakh hectares. This marks a marginal decline of 0.31 lakh hectares compared to the 188.69 lakh hectares sown last year.Among oilseeds, the acreage for the most significant crop—soybean—stands at 121.35 lakh hectares, a decrease of 1.41 lakh hectares from last year's 122.76 lakh hectares. However, there has been an increase in the acreage for groundnut, sesame, and sunflower; groundnut reached 48.79 lakh hectares, sesame 10.81 lakh hectares, and sunflower 1.10 lakh hectares. Meanwhile, the area under castor cultivation dropped to 5.88 lakh hectares.According to the IMD, the spell of rain is likely to continue in Central India. Widespread rainfall is expected in western Madhya Pradesh, while rainy conditions may persist in eastern Madhya Pradesh and Chhattisgarh over the coming days. While the rainfall will benefit soil moisture, waterlogging and drainage issues could pose challenges for farmers in areas receiving heavy downpours.Rainfall, crop growth, and final sowing figures in the coming days will determine the extent to which the initial shortfall in acreage impacts overall production.read more :- Rupee slips 04 paise to close at ₹95.70 against US dollar

The Indian rupee weakened by 04 paise against the US dollar on Friday, closing at ₹95.75 per dollar.The domestic currency opened at ₹95.66 against the US dollar and remained volatile during the trading session. It eventually settled at ₹95.75, down 04 paise from its previous close.At close, the Sensex was up 3.11 points or 0.00 percent at 77,540.83, and the Nifty was up 20.15 points or 0.08 percent at 24,252.00.read more :- Telangana Cotton Sowing Surpasses Normal

Cotton and Oilseed Sowing Increases in Telangana Compared to Last YearIn Telangana, cotton sowing has surpassed the normal acreage, whereas oilseed sowing still lags behind the normal area. According to data from the Agriculture Department as of August 19, 2026, cotton has been sown across 48.19 lakh acres in the state, against a normal area of 47.42 lakh acres. This represents 101.63% of the normal area. By the same date last year, cotton sowing covered 44.92 lakh acres; thus, the cotton acreage has increased by 3.27 lakh acres, or 7.28%, this year.Oilseed sowing has been carried out on 3.88 lakh acres against a normal area of 4.48 lakh acres, which is 86.72% of the normal area. However, compared to the 3.67 lakh acres recorded during the same period last year, the oilseed acreage has increased by 0.21 lakh acres, or 5.72%, this year.Among oilseeds, soybean—the major crop—has been sown on 3.72 lakh acres against a normal area of 4.17 lakh acres. This stands at 89.21% of the normal area. By the same date last year, soybean sowing covered 3.60 lakh acres; this year, there has been an increase of 0.12 lakh acres, or approximately 3.33%.Thus, cotton sowing in Telangana has crossed the normal acreage during the current Kharif season. Meanwhile, while the acreage for oilseeds and soybean has increased compared to the same period last year, both crops still trail behind their respective normal areas.read more :- Cotton Price Surge Hurts Textile Industry

Unwarranted Surge in Cotton Prices Puts Textile Industry in DistressThe textile industry is facing difficulties due to an unwarranted rise in cotton prices, despite the central government waiving import duties on the commodity. Kiran Tarlekar, Chairman of the Vita Powerloom Industrial Cooperative Union, has urged the government to intervene immediately and curb the price hike. Cotton prices have currently reached a record high of ₹70,000 per candy.Tarlekar stated that, according to a report by the All India Cotton Association, the closing stock of cotton for this season is projected to be 9.3 million (93 lakh) bales—68 percent higher than the previous year. Meanwhile, the central government has waived import duties on cotton until October 26. Consequently, cotton imports are estimated to reach a record 6.3 million (63 lakh) bales this year, compared to approximately 4.1 million (41 lakh) bales imported last year.With the new cotton crop expected to hit the market from October 26, it was anticipated that domestic cotton prices would decline or, at the very least, remain stable. Contrary to this expectation, cotton prices—which were hovering around ₹56,000 per candy—have surged to a record ₹70,000 per candy in recent days.This one-sided price surge has plunged the entire textile value chain into uncertainty and distress, even though there is adequate cotton stock in the market, imports have increased, and the arrival of the new crop is imminent. Industry stakeholders suspect that large traders are hoarding significant stocks in warehouses to create an artificial shortage, thereby driving up prices.Separately, the dyeing industry in Rajasthan has been shut down for the past two months due to a Supreme Court order. This has created a problem of accumulated fabric stocks for the simple powerloom sector. Meanwhile, the automatic powerloom industry is also grappling with various challenges. Consequently, decentralized power looms in Vita, Ichalkaranji, Malegaon, Solapur, and Bhiwandi are operating at limited capacity, and the demand for cotton yarn has also been affected.If this one-sided surge in cotton prices continues, the state's yarn mills—like the power loom industry—could also face a situation where they are forced to halt production. Industry stakeholders have urged the government to examine the cotton price and stock situation and take necessary measures.read more :- The rupee opened 4 paise stronger against the dollar at 95.66.

On Friday, the Indian rupee opened 4 paise higher against the dollar at 95.66, whereas it had closed at 95.70 on Thursday.The BSE Sensex rose 0.21% to 77,701.07, while the Nifty 50 climbed 0.22% to reach 24,284.05.Read More :-  Rupee weakens by 13 paise against the dollar to close at 95.70

On Thursday, the Indian rupee weakened by 13 paise against the US dollar to close at 95.70 per dollar.The rupee opened at 95.57 per dollar, showing a decline compared to the previous trading session. The domestic currency witnessed fluctuations during the trading day. Ultimately, the rupee settled at the 95.70 level, marking a drop of 13 paise from its previous closing price.At close, the Sensex was up 628.04 points or 0.82 percent at 77,537.72, and the Nifty was up 153.55 points or 0.64 percent at 24,231.85. About 2367 shares advanced, 1778 shares declined, and 173 shares unchanged.read more :- US Cotton Industry Seeks New Demand

New Demand Boosts US Cotton IndustryThe US cotton industry is striving to boost demand and create new opportunities for farmers, processors, and manufacturers. Demand for US cotton has seen limited growth over the past two decades. During this period, synthetic fibers like polyester and nylon have expanded their market share, as they are often cheaper and easier to process. Simultaneously, rising cotton production in countries like Brazil has intensified competition for US farmers.This shift has also impacted the number of cotton gins; the decline in ginning facilities across the US reflects sluggish demand and changing market conditions.Amidst these challenges, the industry is backing the 'Buying American Cotton Act.' The proposed legislation aims to provide tax credits to manufacturers who use certified US cotton. Companies that manufacture cotton-based products in the US and sell them in the domestic market are expected to receive additional incentives.Leaders at the National Cotton Council believe that this measure could not only boost the use of US cotton but also encourage domestic value addition and investment. It is likely to drive increased investment in cotton production and processing facilities.Concurrently, the 'Plant Not Plastic' campaign is highlighting the environmental benefits of natural fibers. Amid growing concerns regarding microplastics associated with synthetic fabrics, emphasis is being placed on the biodegradable nature of cotton. The industry hopes that rising consumer awareness and domestic demand will revitalize the US cotton sector.read more :- Maharashtra Cotton Targets Global Markets

Maharashtra’s Cotton to Reach Global Markets via ‘Farm to Foreign’ InitiativeThe state government is promoting the ‘Farm to Foreign’ initiative to take cotton produced in Maharashtra—and products made from it—directly to overseas markets. The government aims to develop Maharashtra into a global export hub. Deputy Chief Minister Eknath Shinde stated that under the ‘Farm to Foreign’ concept, the entire supply chain—from cotton production to the global fashion market—will be strengthened.Speaking at the ‘Farm to Foreign Conclave 2026’ organized by ASSOCHAM at the Jio World Centre, Shinde said that the state government is working on the ‘5F’ concept to advance Prime Minister Narendra Modi’s vision of ‘Viksit Bharat 2047’ (Developed India 2047). Under this framework, the agriculture and textile sectors will be linked to the global market through stages such as ‘Farm to Fibre,’ ‘Fibre to Factory,’ ‘Factory to Fashion,’ and ‘Fashion to Foreign.’The initiative aims to gain global recognition for Maharashtra’s cotton, silk, jute, and fruits, and to establish them as international brands.The PM MITRA Park in Nagpur and the Amravati Textile Cluster will play a pivotal role in developing Maharashtra into a leading textile hub for the country. Additionally, readymade garment clusters are being established in major textile centers like Ichalkaranji, Solapur, and Bhiwandi.Shinde emphasized that the government’s focus is not merely on increasing production but also on making the industry ‘green, digital, and transparent.’ Through this approach, efforts are underway to integrate production, processing, manufacturing, and exports, thereby taking Maharashtra’s agricultural and textile products to global markets.read more :- The rupee strengthened by 19 paise against the dollar to open at 95.57.

On Thursday, the Indian rupee opened 19 paise higher against the dollar at 95.57, compared to its previous close of 95.76 on Wednesday.The BSE Sensex opened at 77,468.45, having previously closed at 76,909.68. It was trading at 77,451.62, marking a gain of 541.94 points or 0.70 percent.The Nifty 50 opened at 24,225.45 and was trading at 24,196.80, up 0.49 percent. Gains were also observed in the broader market, with the Nifty Midcap and Smallcap indices rising by approximately 0.5–0.6 percent.Read More :-   Brazil Cotton Exports Jump 21.8%

Brazil's Cotton Exports Rise 21.8% to 155,000 Tonnes in JulyBrazil's cotton exports rose to 155,000 metric tonnes in July 2026, a 21.8% increase from the 127,200 metric tonnes recorded in July 2025. These exports generated $262.4 million in revenue for the country, marking a 27.2% year-on-year increase in export earnings. The average export price also rose by 4.5% to $1.70 per kilogram (FOB).Bahia, Brazil's second-largest cotton-producing state, exported 23,900 metric tonnes of cotton in July, up from 21,400 metric tonnes in the same month last year. According to Abapa, Bahia's cotton growers' association, the rise in exports is primarily driven by an expansion in cultivated area, particularly in irrigated regions. This has helped boost productivity while maintaining cotton quality.Anea, Brazil's national cotton exporters' association, anticipates a further acceleration in export shipments in the coming months. The association notes that the harvesting of the 2025/26 crop is approaching historical averages, which is expected to ramp up ginning activities and increase the availability of cotton for export. A significant rise in shipments could occur starting in September.Bangladesh was the largest buyer of Brazilian cotton in July, accounting for a 19.3% share of total shipments. It was followed by Vietnam (17.7%), Turkey (17.3%), and Pakistan (14.5%). India's share stood at 9.6%.In July, cotton accounted for 0.77% of Brazil's total exports and 3.35% of its agricultural product exports.read more :- IMD Forecasts Heavy Rain in 20 States