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This evening, the rupee ended the day 6 paise weaker against the US dollar, at 83.70At the close of trading, the BSE Sensex closed 264.27 points, or 0.31 per cent, lower at 85,571.85, after hitting a new high of 85,978.25 during the day's trade. The NSE's 50-share index, the Nifty, fell 40.90 points, or 0.16 per cent, to close at 26,175.15, after hitting a new high of 26,277.35 during the day's trade.Read More :-  Textile Mills Urge Cotton Corporation of India to Establish Warehouses in Tamil Nadu

Cotton Corporation of India is being urged by textile mills to open warehouses in Tamil NaduThe South India Spinners Association (SISPA) has requested the Cotton Corporation of India (CCI) to set up cotton warehouses in Tamil Nadu, as textile mills in the state consume 45% of the cotton produced nationwide.During its annual meeting in Coimbatore on September 25, 2024, SISPA emphasized the need for local warehouses to ensure easier access to cotton, the primary raw material for the mills. The Association also urged that mills lifting cotton contracted with CCI after the grace period be charged a lower interest rate of 6.5%, instead of the current 15%. Additionally, it called for the Central government to directly transfer the Minimum Support Price (MSP) to farmers who sell their cotton to CCI and to monitor mill purchases to prevent excessive stocking.SISPA further requested the Central government to exempt cotton imports from the 11% duty between April and October, ensuring raw material availability without harming farmers' livelihoods.Read More :- Department of Agriculture and Farmers’ Welfare releases Final Estimates of major agricultural crops for 2023-24

In early trade, the rupee climbs 3 paise to 83.63 against the US dollar.Sensex hits fresh record high of 85,955.5; Nifty climbs 34.5 points in early tradeBenchmark Sensex rallied 666 points to close at a fresh record high on Thursday following buying in auto and banking shares amid gains in global markets.Read More :> Cotton is being sold at more than the minimum support price in the grain markets of Haryana

This evening, the rupee ended the day 5 paise weaker versus the US dollar, at 83.64At the close of trading, the BSE Sensex rose 666.25 points or 0.78 per cent to close at 85,836.12. The Sensex hit a new high of 85,930.43 during the day. The NSE's 50-share index, the Nifty, rose 181.85 points or 0.70 per cent to close at 26,186.00. It also touched a new high of 26,250.90 during the day.Read More :-  Clouds of crisis on cotton crop in Maharashtra

Rupee drops 11 paise to 83.69 against the US dollar.Rupee declined 11 paise to 83.69 against the US dollar in early trade on Thursday amid a strengthening dollar against overseas currencies and an increase in crude oil prices.Read More :> Department of Agriculture and Farmers’ Welfare releases Final Estimates of major agricultural crops for 2023-24

The primary agricultural crops' final estimates for 2023–2024 are released by the Department of Agriculture and Farmers' WelfareThe Ministry of Agriculture and Farmers’ Welfare has released Final Estimates of production of Major Agricultural Crops for the year 2023-24. These estimates have been primarily prepared on the basis of information received from States/ UTs. The crop area has been validated and triangulated with information received from Remote Sensing, Weekly Crop Weather Watch Group and other agencies. Crop yields estimates are majorly based on Crop Cutting Experiments (CCEs) conducted nationwide. The process of recording CCEs has been re-engineered with the introduction of the Digital General Crop Estimation Survey (DGCES), which was rolled out in major States during the 2023-24 agricultural years. The new system has ensured the transparency and robustness of the yield estimates.The total Foodgrain production in the country during 2023-24 is estimated at record 3322.98 LMT which is higher by 26.11 LMT than the production of food grains of 3296.87 LMT achieved during 2022-23. Food grain production witnessed record increase due to good production of Rice, Wheat and Shree Anna.Total Rice production during 2023-24 is estimated at record 1378.25 LMT. It is higher by 20.70 LMT than previous year’s Rice production of 1357.55 LMT. The Wheat production during 2023-24 is estimated at record 1132.92 LMT. It is higher by 27.38 LMT than previous year’s wheat production of 1105.54 LMT and production of Shree Anna is estimated at 175.72 LMT as compared to 173.21 LMT during previous year.During 2023-24, there were drought-like conditions in southern states, including Maharashtra & prolonged dry spell during August especially in Rajasthan. The moisture stress from the drought also affected the Rabi season. This mainly impacted production of pulses, coarse cereals, soybean & cotton.The details of production of various crops are given as under:Total Foodgrains– 3322.98 LMT (record)Rice -1378.25 LMT (record)Wheat – 1132.92 LMT (record)Nutri / Coarse Cereals – 569.36 LMTMaize – 376.65 LMTTotal Pulses – 242.46 LMTShree Anna– 175.72 LMTTur – 34.17 LMTGram – 110.39 LMTTotal Oilseeds– 396.69 LMTGroundnut – 101.80 LMTSoybean – 130.62 LMTRapeseed & Mustard – 132.59 LMT (record)Sugarcane – 4531.58 LMTCotton – 325.22 Lakh Bales (170 Kgs. each)Jute & Mesta – 96.92 Lakh Bales (180 Kgs. each)  Read More :- Clouds of crisis on cotton crop in Maharashtra

The Indian rupee closed at 83.60 per dollar on Wednesday, up 7 paise from Tuesday's close of 83.67 per dollarAt the end of trading, the Sensex closed at 85,169.87 with a gain of 255.83 points or 0.30 percent. On the other hand, the Nifty closed at 26,004.15 with a gain of 63.75 points or 0.25 percent.Read More :-  Clouds of crisis on cotton crop in Maharashtra

Maharashtra's cotton crop is facing clouds of calamityMarathwada, which is known as a cotton producing region, has not been able to sow cotton at the expected level in any district except Parbhani and Latur this year. Apart from this, adverse weather conditions are still continuing, due to which there is uncertainty about the future of cotton crop.In three districts under Chhatrapati Sambhajinagar Agriculture Division, cotton was cultivated on only 9 lakh 18 thousand 3 hectares as against the average sowing of 10 lakh 59 thousand 324 hectares. At the same time, in the five districts of Latur Agriculture Division, cotton was sown on only 4 lakh 54 thousand 806 hectares as against the average sowing of 4 lakh 85 thousand 88 hectares. Districts like Parbhani, Chhatrapati Sambhajinagar, Jalna, Beed and Nanded are considered to be the main cotton producing districts, but this time cotton sowing could not be done as expected in the rest of the districts except Parbhani. On the other hand, in districts like Latur, where soybean sowing is more, cotton acreage has more than doubled from the average.Although Latur's area is much smaller than the traditional cotton producing districts, the increase in cultivation here is considered significant. Cotton acreage is prominent in Jalkot and Ahmedpur talukas of Latur district. Farmers said that currently the cotton crop is in the flowering and boll stage, where 10 to 12 to 30 to 40 bolls are being seen.Persistent crisesDue to heavy rains in early September, cotton crop had to face the problem of sudden death in many places. Farmers who tried to control it got partial success. However, the danger of sudden death due to rain still remains in some areas. Apart from this, the impact of diseases like Bandsad and Lalia is also being seen on the cotton crop due to the infestation of pests, diseases and sucking insects. The problem of sudden death was seen severely in Beed, Shirur Kasar, Gevrai and Majalgaon talukas of Beed district, which has been recorded by the agriculture department. Experts said that this problem is also persisting in some parts of Chhatrapati Sambhajinagar and Jalna districts.Read More :- Cotton is being sold at more than the minimum support price in the grain markets of Haryana

In early trade, the rupee climbs 9 paise to 83.58 against the US dollar.Indian rupee opened 9 paise higher at 83.58 per dollar on Wednesday versus Tuesday's close of 83.67.The Sensex was down 153.98 pointsThe Sensex was down 153.98 points or 0.18 percent at 84,760.06, and the Nifty was down 73.50 points or 0.28 percent at 25,866.90.READ MORE :> Cotton is being sold at more than the minimum support price in the grain markets of Haryana

Indian rupee ended 12 paise lower at 83.67 per dollar on Tuesday against Monday's close of 83.55."Nifty Crosses 26,000 Amid Volatile Session; Sensex Ends Flat"Indian equity indices ended the trading session on September 24, 2024, on a flat note after a volatile session, despite the Nifty crossing the 26,000 mark for the first time. By the close, the Sensex was down by 14.57 points, or 0.02%, settling at 84,914.04, while the Nifty edged up by 1.40 points, or 0.01%, to 25,940.40. Read more:- Cotton is being sold at more than the minimum support price in the grain markets of Haryana

In Haryana's grain markets, cotton is being sold for more than the minimum support price.Hodal:- At present, the cotton crop is being sold at a price higher than the minimum support price (MSP) in the grain market of the sub-division. The main reason for this is the decrease in the area of cotton cultivation and the fall in production due to waterlogging due to rain. Although the crop has been damaged due to rain, the farmers are getting some relief by getting high prices. Currently, farmers are reaching the market of Hodal to sell cotton, where the price of cotton ranges from Rs 7400 to Rs 7900 per quintal.In 2023, till September 23, 11,528 quintals of cotton had arrived in the market, whereas in this financial year so far only 4144 quintals of cotton have arrived in the market. The MSP for short-fiber cotton has been fixed by the government at Rs 7121 and for long-fiber cotton at Rs 7521 per quintal. Long-fiber cotton is mainly grown in the Hodal area. Till last season, farmers had to agitate to sell cotton at MSP, whereas this time the situation is reversed. Due to reduction in cotton acreage and waterlogging in the fields due to heavy rains in September, there has been a huge reduction in production. This has increased the demand for cotton in the market and traders are buying cotton by paying good prices.Quality affected due to weatherThis year the quality of cotton has been affected due to adverse weather conditions, yet farmers are getting good prices. All the cotton that has come to the market so far has been purchased privately. In early September 2023, the price of cotton was Rs 5200 to Rs 6000 per quintal, which has now increased to Rs 7400 to Rs 7900. Due to paddy harvesting and wheat sowing in November, farmers are bringing less cotton to the market. The crop has suffered a lot due to heavy rains in the area.Big loss due to rainAccording to Mandi Secretary Virendra Kumar, till 23rd September last year, 11,528 quintals of cotton had arrived in the Mandi, whereas this year till now only 4144 quintals of cotton have arrived, which indicates that the crop has suffered a lot due to rain. Agriculture department officials believe that due to more diseases in the crop, farmers have also reduced the sowing of cotton this time.Read More :>India begins monsoon retreat with excess rain