All India Weather Forecast for October 13, 2021** Weather systems made across the country *Conditions are favorable for withdrawal of Southwest Monsoon from parts of Madhya Pradesh, Chhattisgarh, most parts of West Bengal, Gujarat, Maharashtra, Odisha and parts of Northeast India during next 24 hours.A Cyclonic Circulation is persisting over North Andaman Sea. Under its influence, a low pressure area is likely to develop over the same area by tomorrow, October 13. It may further intensify into a well marked low pressure area and move towards South Odisha and North Andhra Pradesh coasts by October 15.*Another cyclonic circulation is over East Central Arabian Sea*.An East West Trough is extending from North Andaman Sea to a cyclonic circulation over Central East Arabian Sea across Coastal Andhra Pradesh, South Telangana, North Interior Karnataka and South Maharashtra.A Cyclonic Circulation lies over Central Pakistan and adjoining areas.*Weather movement across the country during the last 24 hours*During the last 24 hours, Kerala received heavy to very heavy rainfall.Lakshadweep and Tamil Nadu received light to moderate rain at one or two places with heavy to very heavy rainfall at isolated places.Light to moderate rain occurred at isolated places over Konkan & Goa, Madhya Maharashtra, Andaman & Nicobar Islands and South Gujarat.Light rain occurred at isolated places over Southeast Rajasthan, Southwest Madhya Pradesh, Coastal Odisha, South Interior Karnataka and Coastal Andhra Pradesh.Pollution levels have increased in Delhi and NCR and remained in the moderate category at many places. Poor grade of pollution was observed at one or two places.*Possible weather activity during next 24 hours*During the next 24 hours, moderate to heavy rains are very likely over Kerala and Andaman and Nicobar Islands.Light to moderate rain with isolated heavy rain is likely over Tamil Nadu, Coastal Karnataka and South Interior Karnataka.Moderate rain with one or two places may occur over Manipur, Mizoram, Tripura, Gangetic West Bengal, Coastal Odisha, Lakshadweep, Konkan and Goa and Coastal Andhra Pradesh.Light rain is possible in isolated parts of Madhya Maharashtra, South Gujarat and rest of Northeast India and Madhya Pradesh.
*Waterlogging ruins cotton, bajra on 80K acres in Rewari & M’garh**Waterlogging has caused damage to barja and cotton crops spread over 80,000 acres in Rewari and Mahendragarh districts. The losses have been assessed in over 37,000 acres in Rewari, while these are in over 43,000 acres in* *Mahendragarh.**This has been shown by separate surveys conducted by local offices of Agriculture and Farmers Welfare Department in both districts. In Rewari, bajra crop, spread over 25,000 acres, witnessed losses up to 60 per cent, while damage up to 50 percent has been recorded in cotton crops spread over 12,000 acres.**Similarly in Mahendragarh district, up to 50 per cent loss has been calculated in both cotton and bajra crops. Waterlogging has taken a toll on cotton and bajra in 28,000 and 15,000 acres, respectively. Mahendragarh and Kanina blocks have recorded extensive damage to the crops, said sources.**Deepak, SDO (Agriculture), Rewari, said villages falling under the Jatusana, Nahad and Rewari blocks were more affected than other blocks in Rewari district due to waterlogging. The village-wise survey to assess actual losses had been completed and the report had been submitted to the state authorities, he added.**“Around 35 among 77 villages in Jatusana block are worst affected by waterlogging, where up to 70 per cent loss in both cotton and bajra crops had been registered, while around 50 per cent damage has been recorded inthe remaining villages.**Gurawara**Palhawas,* *Pahrajwas,*Gopalpur Gazi, Katopari, Suma Khera, Lala, Rohdhai, Jatusana, Hansawas, Khera Alampur, Mastapur, Nainsukhpura, Rasoolpur,Tehna and Shadipur villages have suffered extensive damage,” said Anil Yadav, block agriculture officer, Jatusana block, in Rewari.**Krishan, a distressed farmer, said bajra and cotton crops, spread over hundreds of acres, not only in his Jatusana village but also several nearby villages had suffered huge losses. Fields were still submerged in many villages, leaving farmers worried, he claimed.* *SiS Commited to update you on all textile related news real time.**Regards**Team Sis**Any query plz call 9111977771*Smartinfoindia.com*https://wa.me/919111977775*
*PAKISTAN COTTON MARKET UPDATE**Cotton market remains stable**The local cotton market on Tuesday remained stable and trading volume remained satisfactory.**The rate of cotton in Sindh is in between Rs 12,000 to Rs 14,700 per maund and the rate of cotton in Punjab is in between Rs 14,300 to Rs 14,700 per maund.**The rate of the new crop of Phutti in Sindh was in between Rs 4,000 to Rs 6,200 per 40 Kg. The rate of Phutti in Punjab is in between Rs 5,500 to Rs 6,500 per 40 Kg. The rate of Banola in Sindh is in between Rs 1500 to Rs 1800 per maund. The rate of Banola in Punjab is in between Rs 1700 to Rs 2000 per maund. The rate of cotton in Balochistan is in between Rs 13800 to 14200 per maund. The rate of Phutti in Balochistan is Rs 5,900- 7,100 per maund.**600 bales of Ghotki were sold at Rs 14,600 per maund, 600 bales of Saleh Pat were sold at Rs 14,200 per maund, 2600 bales of Khair Pur were sold at Rs 14,000 to Rs 14,100 per maund, 1200 bales of Sanghar were sold at Rs 12,000 per maund, 200 bales of Nawab Shah were sold at Rs 13,200 per maund, 400 bales of Bagho Bahar were sold at Rs 14,700 to Rs 14,800 per maund, 1800 bales of Rahim Yar Khan, 2200 bales of Sadiqabad, 400 bales of Feroza were sold at Rs 14,700 per maund, 400 bales of Shehar Sultan were sold at Rs 14,400 per maund, 1200 bales of Haroonabad were sold at Rs 14,200 to Rs 14,400 per maund, 200 bales of Mianwali were sold at Rs 14,500 per maund, 2000 bales of Fort Abbas were sold at Rs 14,300 to Rs 14,500 per maund, 200 bales of Chichawatni were sold at Rs 13,250 per maund and 1000 bales of Layyah were sold at Rs 14,200 per maund.**Cotton Analyst Naseem Usman told Business Recorder that last week, APTMA - the mother ship of textile industry associations - endorsed GoPs' export target of $21 billion for the ongoing fiscal year.**Achieving the target would be no small feat, considering it would require 36 percent growth over last year. Can it happen?**The Spot Rate remained unchanged at RS 14,400 per maund. The Polyester Fiber was available at Rs 225 per Kg.*
*Consumers could see impact on clothing prices as cotton prices rise**Cotton prices are on the rise and recently hit the highest price in nearly a decade. The impacts could reach far beyond the cotton industry**“We cut and sew the clothing,” Holli Gibson explained. She is with Direct to Source, an apparel manufacturing company.**They supply garments to several brands.**The pandemic and issues with the supply chain have caused a lot of disruption in the past year and a half.**“Carton prices are going up. Thread prices are going up,” she said. And cotton is also going up.“Cotton is one of the most popular fibers, and the shortage of cotton, the cotton prices, have impacted us anywhere in the world we’re working,” Gibson said. “We were expecting cotton prices to start stabilizing. It’s not happening. It’s going through the roof, and so literally we see 20, 30, 40 percent increases.”**It’s something she hasn’t seen in her 30 years in the industry.**“We’re used to seeing spikes from time to time on different products, but cotton has become so expensive we’re converting away in some cases,” Gibson said.**“The demand grew for cotton, and the supply is just simply not there,” said Priscilla Rodriguez, the Director of Regulatory Affairs at the California Cotton Ginners and Growers Association.“For the Upland variety, right now we see over a dollar a pound, and typically that's 70 cents per pound,” she said.**Rodriguez said drought and severe weather are to blame for the supply shortage and rising prices.**“Cotton growing regions that were affected by hurricanes or natural disasters,” she explained.“I think the whole supply chain is in kind of a disarray right now,” Kishore Kulkarni, an economics professor at the Metropolitan State University of Denver, said.**“The labor has been in short supply in recent days, which means higher wages. And higher wages mean higher cost of production,” Kulkarni said. “Our boats are not working as fast, it's all because of the labor shortage, and that is creating a constraint on the supply even more.”**“There are a lot of factors which are telling us the prices are going to go up, if not already gone up like in housing,” Kulkarni said.* *SiS Commited to update you on all textile related news real time.**Regards**Team Sis**Any query plz call 9111977771*Smartinfoindia.com*https://wa.me/919111977775*
Today evening, the rupee closed at Rs 75.51 with a loss of 16 paise against the dollar.Sensex rises again, closes up by 149 pointsToday the stock market closed sharply. Today, where the Sensex closed at the level of 60284.31 points with a gain of about 148.53 points. On the other hand, Nifty closed at the level of 17992.00 points with a gain of 46.00 points.
Pink bollworm infestation: Girdawari indicates 70-100% crop loss in Bathinda, MansaSpecial girdawari or harvest inspection of the south Malwa region states 70-100% damage of the cotton crop due to pink bollworm attack in Bathinda and Mansa districts.These two worst-hit districts comprise almost half of the total of 3.25 lakh hectares under cotton cultivation in Punjab this year.Bathinda has the largest area of 96, 000 hectares of Punjab under the cash crop whereas cotton was sown on 65,000 hectares in Mansa. In 20-21 kharif season, Punjab had produced about 50 lakh quintals of raw cotton and Bathinda had led with 14 lakh quintals. With 11.79 lakh quintals, Mansa was the third cotton-producing district. But the official assessment hints at a highly disappointing season for farmers this year with a drastic fall of production mainly in the two districts.District authorities are compiling detailed reports for submission to the state government for its consideration of announcing compensation to affected cotton growers.Mansa deputy commissioner Mohinder Pal said according to crop loss assessment dispatched on Monday evening, 76-100% cotton was found damaged in all three subdivisions.“Our teams extensively examined the fields to assess crop loss. Impact of pink bollworm was found severe in the entire district,” he said.Chief agriculture office of Bathinda Manjit Singh more than 70% ready-to-harvest was found damaged in the district.Bathinda DC Arvind Pal Sandhu said it will take another two days to submit a report to the state government.DC of Fazilka, another major cotton producer of Punjab, Babita Kaler said no input of the pink bollworm attack was reported in the district till Monday.Some pockets of villages in Lambi and Gidderbaha in Muktsar and parts of Sangrur district were also spotted with the pest.Cotton is an economic lifeline of the semi-arid region of southern Punjab where it is a traditional kharif crop.Bhartiya Kisan Union (Ekta-Ughrahan) is spearheading an agitation demanding a compensation of ₹60,000 per acre to cotton-growers and ₹30,000 to farm labourers as the pest attack has hit the rural economy of the cotton belt.Since October 5, they have been holding an indefinite dharna outside the residence of state finance minister Manpreet Singh Badal at Muktsar’s Badal village.Farm experts say other major cotton growing states, such as Karnataka and Maharashtra, have been reporting PBW over large areas since 2015, it is for the first time that Punjab faced a pest attack of this magnitude.Officials of the state agriculture department said PBW attack was first spotted in Bathinda’s Jodhpur Romana village in 2018. Owing to poor farm practices, the unchecked population of the pest expanded in Bathinda and the adjoining district of Mansa.Also, the pest attack is attributed to PBW infestation in the adjoining state of Haryana where 9 cotton-growing districts faced attack this season.SK Verma, head of Sirsa-based Central Institute for Cotton Research, said stakeholders need to join hands ahead of the next sowing season to tackle the issues related to cotton production in a holistic way.“Cotton growers should ensure that fields are cleared of the residue and up to 20 pheromone traps should be set up in an acre to detect a population of the deadly pest,” he said.
ADILABAD: Distressed cotton farmers who suffered crop damages due to heavy rains are now pinning hopes on the price to be offered for cotton in markets so that it could compensate for the losses they incurred in the old Adilabad district.Farmers started cotton picking and drying in sunlight in front of their houses before they sell the cotton to the private cotton traders or Adilabad branch of CCI (Cotton Corporation of India).Already the cotton farmers invested huge money in the crop and spent a lot of money on seeds, fertilizers and pesticides this season. Incessant rains forced the farmers to go for pesticide spray and applying fertilizers to the standing plants for more times after heavy rains and floodwater inundating the standing crops. The Central government offered an MSP of Rs 5,885 per quintal earlier but is offering Rs 6,025 this year. However, private cotton traders are likely to offer more than the MSP if farmers are willing to sell their produce.*This year, the Central government has added Rs 200 to the previous MSP of Rs 5,885. It is said that private traders are desperate to purchase cotton from farmers in the changed scenario as far as demand for cotton in the international and national market is concerned.However, cotton farmers are now worried over the possible exploitation of private traders in the name of high moisture content in the produce and cut huge amounts in the price and thus farmers will again be at the receiving end though the actual price would be higher.As per the market norms, 8-12 percent moisture content in the cotton produce would be accepted and a good price should be offered to the farmers. But the chances are high for moisture content percent more than 12 percent due to prevailing bad and cloudy weather conditions.The officials concerned are expecting nearly 28 lakh quintals of cotton produce this season in Adilabad district. However, it takes 15 more days for the arrival of cotton to the markets though cotton-picking has already started in some places. Naitham Nagorao of Lokari village in Adilabad rural mandal said he had suffered a lot in terms of crop damage following the rains and now they were pinning hopes on a good price for the cotton.Tags: cotton hiked msp, cotton moisture content, cotton farmers distressed, rain damages cotton
Rupee opens 4 paise stronger against dollar Rupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 4 paise at Rs 75.32 against the dollar. At the same time, on Monday, the rupee weakened by 37 paise to close at Rs 75.36 against the dollar.Strong opening in Sensex, opened up 60 pointsToday the stock market opened with great momentum. Today the BSE Sensex opened with a gain of 61.93 points at the level of 60197.71 points. On the other hand, the Nifty of NSE opened up by 24.30 points at the level of 17970.30 points.
*PAKISTAN COTTON MARKET UPDATE**Falling trend on cotton market**The Spot Rate Committee of the Karachi Cotton Association (KCA) on Monday decreased the spot rate by Rs 200 per maund and closed it at RS 14400 per maund.**The Spot Rate Committee of the Karachi Cotton Association on Monday decreased the spot rate by Rs 200 per maund and closed it at RS 14400 per maund. The Polyester Fibre was available at Rs 225 per kg.**Cotton Analyst Naseem Usman told that the local cotton market remained easy and trading volume remained good.**The rate of cotton in Sindh is in between Rs 12500 to Rs 14500 per maund and the rate of cotton in Punjab is in between Rs 14400 to Rs 14700 per maund.**The rate of the new crop of Phutti in Sindh was in between Rs 5200 to Rs 6100 per 40 kg. The rate of Phutti in Punjab is in between Rs 5500 to Rs 6400 per 40 kg. The rate of Banola in Sindh is in between Rs 1500 to Rs 1800 per maund. The rate of Banola in Punjab is in between Rs 1600 to Rs 2000 per maund. The rate of cotton in Balochistan is in between Rs 13800- 14200 per maund. The rate of Phutti in Balochistan is Rs 5900- 7000 per maund.**200 bales of Saleh Pat were sold at Rs 14300 per maund, 800 bales of Rohri were sold at Rs 14100 to Rs 14200 per maund, 200 bales of Karoondi, 200 bales of Rani Pur, 200 bales of Rasoolabad, 200 bales of Sarkand, 600 bales of Sui Gas were sold at Rs 14000 per maund, 400 bales of Sarhari were sold at Rs 13400 per maund, 200 bales of Shahdad Pur were sold at Rs 12800 per maund,1200 bales of Mian Wali were sold at Rs 14500 to Rs 14800 per maund, 1200 bales of Shujabad were sold at Rs 14300 to Rs 14800 per maund, 1000 bales of Khan Pur East were sold at Rs 14300 to Rs 14700 per maund, 200 bales of Mian Channu were sold at Rs 14700 per maund, 600 bales of Sadiqabad were sold at Rs 14600 per maund, 200 bales of Rahim Yar Khan, 400 bales of Marrot were sold at Rs 14500 per maund, 2800 bales of Yazman Mandi, 200 bales of Lodhran, 2200 bales of Haroonabad were sold at Rs 14200 to Rs 14300 per maund, 1200 bales of Hasil Pur were sold at Rs 14000 to Rs 14200 per maund.*
*All India Weather Forecast for October 12, 2021**Weather systems made across the country*Dry winds from West and North-West direction are blowing over most parts of North West Central and East India. Conditions are favorable for withdrawal of Monsoon from Gujarat, Chhattisgarh, most parts of Madhya Pradesh, Jharkhand, Bihar, parts of Maharashtra, Odisha and some more parts of West Bengal during next 24 hours.The cyclonic circulation is over East-central Arabian Sea extending over 5.8 km above sea level and is sloping towards southwest with elevation.Another Cyclonic Circulation lies over North Andaman Sea and adjoining region extending up to 5.8 km above mean sea level. Under its influence, a low pressure area is very likely to form over the same area during next 24 to 48 hours. It is expected to become more marked and later move in west northwest direction towards South Odisha and North Andhra Pradesh during 2-3 days.The East West Trough is extending from a cyclonic circulation over North Andaman Sea to a cyclonic circulation over East Central Arabian Sea across Coastal Andhra Pradesh, South Telangana, North Interior Karnataka and South Maharashtra.*A cyclonic circulation is persisting over Central Pakistan and adjoining areas.**Weather movement across the country during the last 24 hours*During the last 24 hours, light to moderate rain occurred at isolated places over Kerala, Tamil Nadu, Coastal Andhra Pradesh and Gangetic West Bengal.Light to moderate rain occurred over Andaman and Nicobar Islands, Coastal Andhra Pradesh, remaining parts of Tamil Nadu, Interior Karnataka, Madhya Maharashtra, Konkan and Goa, South Gujarat and Jammu and Kashmir.Light rain occurred at isolated places over Lakshadweep, Rayalaseema, West Madhya Pradesh, Northeast India and Southeast Rajasthan.*Probable weather activity during next 24 hours*During the next 24 hours, light to moderate rains with isolated heavy falls are very likely over Andaman and Nicobar Islands, Tamil Nadu, Andhra Pradesh, Kerala and Coastal Karnataka.Light to moderate rain may occur over remaining parts of Tamil Nadu, Lakshadweep, Interior Karnataka, Madhya Maharashtra, Konkan and Goa and parts of Jammu and Kashmir, Gilgit-Baltistan and Muzaffarabad.Light rain is possible over West Bengal, parts of Odisha, Southwest Madhya Pradesh, parts of South Gujarat and isolated parts of Uttarakhand, Himachal Pradesh and Northeast India.
*ICE COTTON SUMMARY**Cotton futures slip on firm dollar, focus on WASDE report**ICE cotton futures dipped on Monday, as the dollar ticked up and market participants awaited a monthly supply-and-demand report from the US Department of Agriculture (USDA).**Rogers Varner, president of Varner Brokerage in Cleveland, Mississippi, said investors are pausing ahead of the report tomorrow, as most of the recent move higher has been caused by perceived or real shortages in China, which needs to be confirmed.**The USDA's monthly World Agricultural and Supply Demand Estimates (WASDE) report is due at 12:00 p.m. EDT on Tuesday.**Its weekly export sales report last week showed a dip in net sales. However, China has been the top buyer of US cotton in recent weeks, sparking a rally in cotton prices.**Last week, the cotton contract struck its upper limit twice, and Friday's high was an all-time peak for the December contract.**The dollar strengthened to hold near a recently touched one-year peak, making the natural fiber more expensive for customers holding other currencies, potentially hurting demand.**"The two markets that cotton follows sometimes are crude oil and copper and both of them are up, so that's part of the reason that cotton has come back sharply today from its lows, so that's a pretty good rally," Varner said. Total futures market volume fell by 27,334 to 30,702 lots. Data showed total open interest fell 2,055 to 287,573 contracts in the previous session.*
Today evening, the rupee depreciated by 37 paise to close at Rs 7.36 against the dollar.Today the stock market closed sharply.Today, where the Sensex closed at the level of 60135.78 points with a gain of about 76.72 points. On the other hand, Nifty closed at the level of 17946.00 points with a gain of 50.80 points. Apart from this, a total of 3,592 companies were trading on the BSE today, out of which 1,958 shares rose and 1,473 shares closed down.
Rupee collapses against dollar, opens weak by 14 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 14 paise at Rs 75.12 against the dollar. At the same time, on Friday, the rupee closed at a level of 74.98 with a fall of 21 paise against the dollar.Poor start in the Sensex, falling 128 points to open Today the stock market opened with a fall. Today the BSE Sensex fell by about 127.89 points and opened at the level of 59931.17 points. On the other hand, the Nifty of NSE opened at the level of 17875.20 points with a fall of 20.00 points. Today, trading started in a total of 1,839 companies in the BSE, out of which 1,287 shares opened up and 413 fell.
The prices of mustard oil and other edible oils will come down, the government has taken these big steps in the festive season.* In order to control the rise in the prices of edible oils, the central government has imposed stock limits on oilseeds and edible oils. This decision of stock limit will be applicable till 31 March 2022. The government has also suspended futures trading of mustard oil and oilseeds in NCDEX. This decision of the government can prove helpful in controlling the inflation of edible oils. It is believed that due to non-increasing prices, consumers will get relief in the festive season.In fact, due to the rise in the price of edible oils in the global market, imported edible oil is becoming costlier, which has badly affected the domestic commodity market. During the last year, the price of edible oils has registered a rise of more than 46 percent. A multi-pronged strategy was formulated to control this inflation of edible oils. Under this, earlier an attempt was made to rationalize the import duty of edible oils. Apart from this, all the parties involved in this business will have to declare their stock information themselves, for which a separate web portal has also been started.**In the notification issued to fix the stock limit of edible oils and oilseeds, the states and union territories have been empowered to prepare their available stock and consumption pattern. The exporter shall be exempted from this provision whose stock is kept for export with a refinery, mill owner, oil extractor, wholesaler, retailer or dealer. The same provision will be applicable for importers as well. The stock kept more than the prescribed limit will have to be declared on the portal of the Public Distribution Department.*Mustard oil increased by 43 percent in one year*According to the Ministry of Consumer Affairs, the price of soybean oil in the domestic commodity market on October 9, 2021 is Rs 154.95 per kg, as against Rs 106 per kg a year ago. Similarly, the price of mustard oil has increased by 43 per cent to Rs 184 per kg from Rs 129 a kg a year ago. The price of vegetable oil has increased from Rs 95.5 per kg to Rs 136.74. It is known that 60 percent of the domestic consumption of edible oils is met by imports.
*Gujarat govt to procure soybean from farmers at MSP for the first time**As soybean acreage has gone past a record two lakh hectares in Gujarat, the state government has decided to procure this oilseed for the first time from farmers at the minimum support price (MSP) of Rs 3,950 per quintal. With this, soybean becomes the second oilseed and seventh crop to be procured by the government.**“This will be for the first time that the government is procuring soybean from farmers of Gujarat at MSP,” said a government official.**The Gujarat State Civil Supplies Corporation Limited (GSCSCL), an undertaking of the state government, on Saturday issued an advertisement announcing that the state government will procure green gram, black gram and soybean in Kharif marketing season 2021-’22 at MSP Rs 7,275, Rs 6,300 and Rs 3,950 respectively, fixed by the central government for this season.**“The state government will procure green gram, black gram and soybean at minimum support price through the Gujarat State Civil Supplies Corporation during the Kharif marketing season 2021-22 to ensure that farmers get remunerative prices for their crops,” the advertisement stated.**Farmers who want to sell their soybean to the government can register on the i-Kisan portal with the help of village computer entrepreneurs of their respective village at the nearest Agricultural Produce Market Committee (APMC). The registration window will be open from October 11 and till the end of this month.**Agriculture Minister Raghavji Patel confirmed the government decision an said that he would elaborate on the subject on Monday.**Under its price support scheme (PSS), the Central government makes physical procurement of important crops directly from farmers to protect them from price volatility in the open market. Such procurements are generally done through National Agricultural Cooperative Marketing Federation of India Limited (Nafed), the apex cooperative marketing body of the country, as well as through Food Corporation of India Small Farmers Agribusiness Consortium and National Cooperative Consumers’ Federation of India Limited.*
*All India Weather Forecast for October 11, 2021**Weather systems made across the country*Due to continuous dry winds from west and northwest direction, conditions are favorable for withdrawal of Southwest Monsoon from Gujarat, Chhattisgarh and entire Madhya Pradesh, Jharkhand, Bihar and parts of Maharashtra, Odisha and West Bengal during next 24 hours. Huh. .The Cyclonic Circulation lies at 5.8 km above mean sea level over North Andaman Sea and adjoining areas. Under its influence, a low pressure area may form from this area during the next 24 to 48 hours. It is very likely to intensify further and move west-northwestwards towards South Odisha and North Andhra Pradesh coast in next 4 to 5 days.The cyclonic circulation is over East-central Arabian Sea extending up to 4.5 km above sea level and sloping towards South-West with elevation.A Cyclonic Circulation lies over Central Pakistan and adjoining areas.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain at isolated places occurred over South Gujarat, parts of Madhya Maharashtra, Goa, Coastal Karnataka and Telangana.Light to moderate rain occurred over Coastal Odisha, Andaman and Nicobar Islands, Kerala, Interior Karnataka, parts of Marathwada, remaining parts of Telangana, Andhra Pradesh and parts of Assam.Light rain occurred at isolated places over Gujarat, Gangetic West Bengal, Sikkim, remaining parts of Assam, Lakshadweep and South Rajasthan.*Probable weather activity during next 24 hours*During the next 24 hours, isolated heavy to very heavy rain very likely over Andaman & Nicobar Islands, parts of Karnataka, Konkan & Goa, Tamil Nadu, Lakshadweep and Kerala.Light to moderate rain may occur at isolated places over Coastal Andhra Pradesh, Rayalaseema, parts of Telangana, South Madhya Maharashtra and Marathwada and South Gujarat.Light rain is possible in isolated parts of Northeast India, Gangetic West Bengal, Coastal Odisha, Gilgit-Baltistan, Muzaffarabad and Jammu and Kashmir.The day will remain warm over western parts of Rajasthan and Kutch region of Gujarat. And the temperature there can remain between 38 to 39 degrees.*-For Regular Commodity Market Update:**Call:9111977771*https://wa.me/919111677774
Cotton prices may stay way above minimum support levels in 2021-22 cotton yearStrong re bound in post-Covid-19 demand and bullish sentiments due to tight supplies are expected to keep Indian cotton prices way above the government set minimum support price levels in 2021-22 cotton year (October-September). Along with cutting India’s cotton exports, high cotton prices will reduce the central government’s procurement budget for cotton to a miniscule amount from the Rs 55,000 crore spent collectively on cotton procurement during the previous two cotton seasons, said trade and industry veterans at a webinar organized by Cotton Association of India (CAI), the apex trade body of cotton.“During the 2019-20 and 2020-21 seasons, Cotton Corporation of India (CCI) had spent a total of Rs 55,000 crore and procured 2 core and 7 lakh bales. As the cotton prices are currently ruling about 30% to 40% above the MSP, our intervention may not be required during 2021-22,” Pradeep Agarwal, chairman of CCI, the public sector undertaking of ministry of textiles.The MSP of cotton for 2021-22 season for long staple cotton is Rs 6025/quintal.According to Agarwal, cotton production in 2021-22 is expected to be between 355-360 lakh bales, which is almost like last year's production of 355 lakh bales despite reduction in area sown under cotton from 133 lakh hectare in the previous year to 125 lakh hectares in the current year.The global outlook for cotton has been bullish due to lower ending stock of the US, which is keeping cotton prices on ICE (International Cotton Exchange) strong. Sumeet Mittal, general manager (cotton) Louis Dreyfus Company said. “Production outlook for major producing countries is not looking good. Cotton commodities, as compared to other soft commodities, will have a better run in 2021-22.”Domestic demand for cotton from the spinning mills is strong due to good margins and robust export demand. Dhiraj Khetan, managing director Sri Salasar Balaji Agrotech said, "Despite high cotton prices, mills are expected to buy aggressively as the demand and consumption is expected to be stronger than the supply situation.”Arun Sekhsaria, director, DD Cotton said, "By November/December, when the daily arrival figures will hit 2 lakh bales/day, some pockets of the country may need CCI intervention.”However, due to strong demand, the trade expects farmers to hold on to the crop in case prices come under pressure. Mahesh Sharda, partner, Deen Dayal Purushottam Lal, said, "The market is well supported. Farmers will pull back if prices go down as they have seen price level of Rs 7000/quintal. The mills would like to go a little long as they had good profit, while the demand for cotton from MNCs indicates good buying internationally also. I think the CCI may not be able to do operations this year, except may be in Telangana.”
Today evening, the rupee depreciated by 21 paise to close at Rs 74.98 against the dollar.Stormy rise in Sensex, then closed above 60,000 markToday the stock market closed with a lot of momentum. Today, where the Sensex closed at the level of 60059.06 points with a gain of about 381.23 points. Today the Sensex was able to close above the 60,000 mark after several days. On the other hand, Nifty closed at the level of 17895.20 points with a gain of 104.90 points.
Textile Ministry signs agreement to promote sustainable cotton cultivationThe project, in collaboration with the German Federal Ministry for Economic Cooperation and Development, aims to improve sustainable cotton yield by 10% in four States, including TamilnaduThe Ministry of Textiles and Deutsche Gesellschaft fur InternationaleZusammenarbeit (GIZ) signed an agreement on Thursday to implement a project on sustainability and value addition in the cotton economy.An official press release said the project aims to increase the volume of cotton production on 90,000 hectares, involving 1.5 lakh farmers in four States -- Maharashtra, Gujarat, Madhya Pradesh, and Tamil Nadu. The aim is to improve yield by 10%.As part of the Indo-German Development Cooperation Framework, the German Federal Ministry for Economic Cooperation and Development (BMZ) has collaborated with the Ministry of Textiles (MoT), supported by the Ministry of Agriculture and Farmers Welfare (MoAFW).Darshna Vikram Jardosh, Minister of State for Textiles, said India is the largest producer of cotton, and the second-largest consumer of cotton (nearly 303 lakh bales a year). The GIZ project will enhance employment and women empowerment and promote sustainable cotton growing practices.U.P. Singh, Secretary, Ministry of Textiles, said the project will follow a “shelf to field” approach and work to create a pull factor for improved market access for farmers for cotton grown through sustainable methods.The Textile Ministry will constitute a steering committee to review and guide the project which will be implemented through nodal officers in the four States. The Ministry will take part in international textile conferences organised by GIZ and promote the sustainable cotton grown in India among consumers.
Rupee breaks 34 paise against dollar, opens at 75.12Rupee has started with weakness today against the dollar in the foreign exchange market. The rupee today opened at 75.12 with a loss of 34 paise against the dollar. On the other hand, the rupee was strengthened against the dollar in yesterday's trade. The rupee had gained 20 paise to close at 74.78 against the dollar.Sensex opens sharply, rises 272 pointsToday the stock market opened with great momentum. Today the BSE Sensex opened with a gain of 271.90 points at the level of 59949.73 points. On the other hand, the Nifty of NSE opened with a gain of 97.20 points at the level of 17887.50 points.
| title | Created At | Action |
|---|---|---|
| All India Weather Forecast for October 13, 2021* | 13-10-2021 15:41:39 | view |
| Waterlogging ruins cotton, bajra on 80K acres in Rewari & M’garh | 13-10-2021 15:35:37 | view |
| PAKISTAN COTTON MARKET UPDATE | 13-10-2021 15:35:08 | view |
| Consumers could see impact on clothing prices as cotton prices rise | 13-10-2021 15:34:42 | view |
| Today evening, the rupee closed at Rs 75.51 with a loss of 16 paise against the dollar | 13-10-2021 00:14:22 | view |
| Pink bollworm infestation: Girdawari indicates 70-100% crop loss in Bathinda, Mansa | 12-10-2021 20:38:11 | view |
| ADILABAD: Distressed cotton farmers who suffered crop damages due to heavy rains are now pinning hopes on the price to be offered for cotton in markets so that it could compensate for the lo | 12-10-2021 19:53:24 | view |
| Rupee opens 4 paise stronger against dollar | 12-10-2021 17:39:29 | view |
| pakistan cotton market update | 12-10-2021 14:56:10 | view |
| All India weather forecast for October 12, 2021 | 12-10-2021 14:55:37 | view |
| ICE Cotton Summary | 12-10-2021 14:42:25 | view |
| Today evening, the rupee depreciated by 37 paise to close at Rs 75.36 against the dollar | 11-10-2021 23:40:54 | view |
| Rupee collapses against dollar, opens weak by 14 paise | 11-10-2021 17:50:52 | view |
| The prices of mustard oil and other edible oils will come down, the government took these big steps in the festive season | 11-10-2021 17:00:35 | view |
| Gujarat government will buy soybeans from farmers at MSP for the first time | 11-10-2021 16:59:55 | view |
| All India Weather Forecast for October 11, 2021 | 11-10-2021 14:57:01 | view |
| Cotton prices may stay way above minimum support levels in 2021-22 cotton year | 09-10-2021 00:47:48 | view |
| Today evening, the rupee depreciated by 21 paise to close at Rs 74.98 against the dollar. | 09-10-2021 00:46:40 | view |
| Textile Ministry signs agreement to promote sustainable cotton cultivation | 08-10-2021 21:32:57 | view |
| Rupee breaks 34 paise against dollar, opens at 75.12 | 08-10-2021 17:36:41 | view |
