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High cotton prices are plaguing textile firms, and many mills are being forced to shut operations. This situation could have been avoided with some corrective measures.
All India Weather Forecast for June 1, 2022Weather systems made across the countryThe Western Disturbance is being seen as a cyclonic circulation over Jammu and Kashmir and adjoining parts of Pakistan.The Induced Cyclonic Circulation lies over Northwest Rajasthan and adjoining areas.A Low Pressure Line is extending from a cyclonic circulation over West Rajasthan to Bangladesh across Haryana, Uttar Pradesh and Bihar.A Cyclonic Circulation is persisting over Jharkhand and adjoining areas.A cyclonic circulation lies over North Kerala and Karnataka coast over Southeast Arabian Sea at 3.1 to 4.5 km above mean sea level.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain with isolated heavy falls occurred over Lakshadweep, Andaman and Nicobar Islands and Kerala.Light to moderate rain occurred over Coastal and South Interior Karnataka, parts of Rayalaseema, Sub-Himalayan West Bengal, parts of Assam, Meghalaya, Nagaland, Himachal Pradesh and Jammu and Kashmir.Light rain occurred over Telangana and Chhattisgarh and at isolated parts of North Interior Karnataka, Vidarbha and South-East Rajasthan.Dust storm, rain accompanied by thunderstorm and isolated hailstorm occurred over Haryana, Delhi NCR and western parts of Uttar Pradesh.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain with isolated places will occur over Northeast India, Sub-Himalayan West Bengal, Sikkim, Andaman and Nicobar Islands, Lakshadweep, parts of Kerala, Coastal Karnataka, South Interior Karnataka, Interior Tamil Nadu and Rayalaseema. But there is a possibility of heavy rain.Light to moderate rain is possible over parts of Jammu and Kashmir and Himachal Pradesh.Light rain is possible over Telangana and North Interior Karnataka.Light rain is possible over Uttarakhand, Vidarbha, Marathwada, South Madhya Maharashtra, South Chhattisgarh, Coastal Andhra Pradesh and one or two parts of Odisha.Scattered rain and thundershower activities are possible over Haryana, Delhi and West Uttar Pradesh.
All India Weather Forecast for May 31, 2022Countrywide weather systemsThe Cyclonic Circulation lies over Southeast Arabian Sea and adjoining Kerala, it extends up to 5.8 km above mean sea level.A Western Disturbance as a cyclonic circulation lies over North Pakistan and adjoining Jammu and Kashmir.An East West Trough is extending from Northwest Rajasthan to Assam passing through Haryana, Uttar Pradesh, Bihar and Sub-Himalayan West Bengal.Weather movement across the country during the last 24 hoursDuring the last 24 hours, Lakshadweep, Kerala, Jharkhand and Northeast Bihar received light to moderate rain with isolated heavy rains.Light to moderate rain occurred at isolated places over Sub-Himalayan West Bengal, Andaman and Nicobar Islands, Telangana, North Coastal Odisha and North East Madhya Pradesh.Light to moderate rain occurred at isolated places over Interior Odisha, parts of Chhattisgarh, East MP, West Uttar Pradesh, Uttarakhand and Delhi NCR, East Rajasthan, Haryana and Assam.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain at isolated places is possible over Lakshadweep, Sikkim and Sub-Himalayan West Bengal, Assam and Meghalaya.Rest of Northeast India, Andaman & Nicobar Islands, Kerala, parts of Tamil Nadu, Coastal Karnataka, Northeast Bihar and Western Himalayas may receive light to moderate rains.Light rain is possible over Jharkhand, Odisha, Gangetic West Bengal, Interior Karnataka, Andhra Pradesh and Chhattisgarh, Vidarbha, Marathwada and parts of Konkan and Goa.
All India Weather Forecast for May 30, 2022Countrywide weather systemsThe Western Disturbance is over North Pakistan and adjoining Jammu and Kashmir.The Induced Cyclonic Circulation lies over Central Pakistan and adjoining Punjab.A trough is running from South Punjab to Bihar passing through South Haryana and Uttar Pradesh.At low levels, circulation is persisting over northern part of Odisha.Another Cyclonic Circulation is persisting over North Interior Karnataka and adjoining region.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain occurred over Andaman & Nicobar Islands, Lakshadweep, Kerala, Coastal Karnataka, West Bengal, Sikkim, parts of Uttarakhand, Himachal Pradesh, North Punjab, Goa and Coastal Odisha.Light rain occurred over Sikkim, South Konkan and Goa, parts of Haryana, Uttar Pradesh and East Madhya Pradesh and one or two parts of Chhattisgarh, Jharkhand and Andhra Pradesh.Weather activity likely during next 24 hoursDuring the next 24 hours, conditions are becoming favorable for the onset of Southwest Monsoon over Kerala, parts of Arabian Sea and Lakshadweep region.Light to moderate rain with isolated heavy falls very likely over Sub-Himalayan West Bengal, Sikkim, Meghalaya, Arunachal Pradesh, Nagaland and Lakshadweep region.Light to moderate rain is possible over Bihar, Kerala, Andaman & Nicobar Islands, Tamil Nadu, South Karnataka and foothills of Western Himalayas.Light rain is possible at isolated places over South India Karnataka, Andhra Pradesh, Telangana, Konkan & Goa, South Chhattisgarh, parts of Odisha and Gangetic West Bengal, Jharkhand and Marathwada.
All India Weather Forecast for May 26, 2022Weather systems made across the countryThe Western Disturbance is over Jammu and Kashmir and adjoining areas. It is moving towards east.An Induced Cyclonic Circulation lies over Southwest Rajasthan.A trough is extending from this cyclonic circulation to Northeast Arabian Sea.A Cyclonic Circulation is persisting over Jharkhand.Conditions are becoming favorable for further advance of Monsoon into some parts of southeast Arabian Sea, Maldives and Comorin region, parts of south and east central Bay of Bengal and northeast Bay of Bengal during next 48 hours. ,Weather movement across the country during the last 24 hoursDuring the last 24 hours, one or two heavy rains occurred over East Assam, Coastal Andhra Pradesh and Tamil Nadu.Light to moderate rain occurred over parts of Assam, Tripura, parts of Bihar, Gangetic West Bengal, Andaman and Nicobar Islands, Interior Tamil Nadu, Kerala, Himachal Pradesh and Uttarakhand.Light rain occurred over Jharkhand, Chhattisgarh, Madhya Pradesh, central and eastern parts of Uttar Pradesh, East Rajasthan and Lakshadweep. Light rain occurred in one or two parts of Telangana, Odisha, North Konkan and Gujarat.Weather activity likely during next 24 hoursDuring the next 24 hours, one or two heavy spells of rain with light to moderate rains are likely over eastern parts of Assam, Arunachal Pradesh, Kerala and South Coastal Karnataka.Light to moderate rain is possible over Sikkim, Sub-Himalayan West Bengal, parts of Bihar, East Madhya Pradesh, Tamil Nadu, Andaman and Nicobar Islands and Lakshadweep.Light rain is possible over Jammu and Kashmir, Uttarakhand, Himachal Pradesh, South and East Uttar Pradesh, Chhattisgarh, Andhra Pradesh, South Interior Karnataka and Telangana. Light rain is possible over Konkan and Goa and one or two parts of Odisha.Heat wave conditions are very likely over some parts of West Rajasthan.
Small scale spinning mills decides to stop buying cottonThe constant increasing prices of cotton are leaving its impact on every sector. The small sized spinning mills deny buying cotton to make yarn for weaving purpose. They announce to close their operations until the price drops to a considerable level.They also accused the big traders and MNCs of hoarding and speculation even in the time of crop crisis.Cotton prices increases to more than 120% in a year and is costing 1.10 lakh per candy currently. Smaller spinning units whose turnover is less than Rs 50 Cr find it extremely difficult to afford the crop at current rates.South India Spinning Association (SISPA), president, J Selvan, asserts that they are lacking of working capital to purchase cotton. As the cotton prices increased to 53% since January, we could raise the price of yarn merely by 21%, he added.Jagdish Chandran, secretary of SISPA alleged that big trading firms and large MNCs had stocked much of the cotton at the start of season and now increasing rates on almost regular basis.The end user that is the customer is no exception in getting affected by such soaring prices. They are spending 7-10% more for their casual summer apparels and will approximately pay 15-20% higher in the festive season.
Sensex rises further, opens up 253 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 253.44 points to open at the level of 54306.05. On the other hand, the Nifty of NSE opened with a gain of 73.60 points at the level of 16198.80 points.
Rupee opens 5 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 5 paise at Rs 77.53 against the dollar. At the same time, on Tuesday, the rupee declined by 7 paise to close at Rs 77.58 against the dollar.
Rupee slips 4 paise to close at 77.59 against US dollar.Sensex falling 236 points close.Sensex 236 points or 0.43 per cent to settle at 54,052.61. During the day, it hit a low of 53,886.28 and a high of 54,524.37. NSE Nifty dropped 89.55 points or 0.55 per cent to end at 16,125.15.
All India Weather Forecast for May 24, 2022Countrywide weather systemsAnother Western Disturbance is over North Afghanistan and adjoining areas.A Cyclonic Circulation is persisting over Northwest Rajasthan.A trough is extending from a cyclonic circulation over Northwest Rajasthan to Gangetic West Bengal across South Haryana, South Uttar Pradesh, South Bihar and Jharkhand.A Cyclonic Circulation lies over Odisha Coast and adjoining area.Another Cyclonic Circulation is persisting over Southwest Uttar Pradesh.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain occurred at isolated places over Andaman & Nicobar Islands, Lakshadweep, parts of Meghalaya, North-West Uttar Pradesh and Interior Odisha and Haryana.Parts of Punjab, Haryana, Delhi and West Uttar Pradesh witnessed dust storm, heavy rain with thundershowers and isolated hailstorm. Winds were strong in some parts of these states.Light to moderate rain occurred over Western Himalayas, parts of Assam, Sub-Himalayan West Bengal, Northeast Bihar, Jharkhand, parts of Odisha, Kerala and Coastal Karnataka.Light rain occurred in isolated parts of East Rajasthan, North and East Madhya Pradesh, Jharkhand, Chhattisgarh, Konkan and Goa, South Madhya Maharashtra, Tamil Nadu and Vidarbha.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain is very likely at one or two places over Lakshadweep.Light to moderate rain may occur over West Himalayas, Bihar, Jharkhand, West Bengal, Odisha, Sikkim, Meghalaya, Manipur, Mizoram, Tripura, parts of Kerala, Coastal and South Karnataka.Light rain is possible over Chhattisgarh, Tamil Nadu, Andhra Pradesh, East Madhya Pradesh, Andaman and Nicobar Islands, Assam, Meghalaya, Arunachal Pradesh, Nagaland and Konkan and Goa.Light rain and thundershowers are possible in some parts of Punjab, Haryana, Delhi and Uttar Pradesh.
Sensex rises, 73 points open upToday the stock market opened with great momentum. Today the BSE Sensex opened with a gain of 73.49 points at the level of 54362.10 points.
Rupee depreciates against dollar, loses 4 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 4 paise at Rs 77.56 against the dollar. At the same time, on Monday, the rupee strengthened by 3 paise to close at Rs 77.52 against the dollar.
Panipat textile exports down 60%, courtesy Ukraine war, rise in yarn pricesThe Russia-Ukraine war, hike in cotton yarn prices and freight charges have hit Panipat’s export business by up to 60 per cent this year. Cancellation and halting of orders has put exporters in trouble.Panipat generally has around Rs 45,000-crore annual turnover, including Rs 15,000 crore from exports alone. Around 450 units functioning here export handloom products, blankets, bed sheets, cushions and hundreds of other items all over the world. Lalit Goyal, president of the Panipat Exporters’ Association, said cotton yarn prices had increased to around Rs 330 per kg from Rs 160 per kg earlier. Open-end yarn, which was earlier available at Rs 120 a kg, had gone up to Rs 170-190 a kg now, he said.The slowdown in exports started in the beginning of this year. There were hardly any fresh orders from overseas buyers. The previously placed orders were also cancelled or held up by them, Goyal asserted.“If the situation doesn’t improve in the coming days, textile exporters will lose business worth around Rs 7000-8000 crore this fiscal. That will be a big setback for Panipat-based exporters,” he said. Ashok Gupta, vice-president of the association, said skyrocketing freight charges had increased the production cost by 15-18 per cent. “The economic conditions in America and Europe have led to a slump in demand, thus adversely affecting the Panipat textile industry. If the situation doesn’t improve, employment crisis will also set in,” he said.The industryRs 45,000-cr annual turnover of Panipat textile industry Rs 15,000 cr out of this comes from exports only Rs 8,000 cr likely reduction in exports, if the situation does not improve 450 textile export units functional in PanipatThe blowRs 330 per kg is the cotton yarn price; up from the earlier Rs 160/kg Rs 190 per kg price of open-end yarn; up from Rs 120/kg 18% hike in the production cost due to the increased freight charges
Today evening, the rupee strengthened by 3 paise to close at Rs 77.52 against the dollar.Sensex falls, closes by breaking 38 pointsToday the stock market closed with a fall.Today, where the Sensex closed at a level of 54288.61 points, down 37.78 points.On the other hand, Nifty closed at the level of 16214.70, down by 51.50 points.
Sensex rises further, opens up 239 pointsToday the stock market opened with great momentum. Today, the BSE Sensex opened with a gain of 239.28 points at the level of 54565.67 points. On the other hand, the Nifty of NSE opened with a gain of 60.50 points at the level of 16326.70 points.
| title | Created At | Action |
|---|---|---|
| No consensus yet among cotton, textiles players on high prices | 02-06-2022 05:55:56 | view |
| From Tirupur to Panipat, soaring cotton prices are searing India’s textile exporters and mills | 02-06-2022 05:50:57 | view |
| All India Weather Forecast for June 1, 2022 | 01-06-2022 16:59:40 | view |
| All India Weather Forecast for May 31, 2022 | 31-05-2022 17:24:28 | view |
| All India Weather Forecast for May 30, 2022 | 30-05-2022 17:27:47 | view |
| All India Weather Forecast for May 26, 2022 | 26-05-2022 14:50:28 | view |
| Small scale spinning mills decides to stop buying cotton | 25-05-2022 20:26:41 | view |
| Sensex rises further, opens up 253 points | 25-05-2022 17:39:09 | view |
| Rupee opens 5 paise stronger against dollar | 25-05-2022 17:38:22 | view |
| Rupee slips 4 paise to close at 77.59 against US dollar. | 24-05-2022 23:30:46 | view |
| All India Weather Forecast for May 24, 2022 | 24-05-2022 17:50:39 | view |
| Sensex rises, 73 points open up | 24-05-2022 17:45:43 | view |
| Rupee depreciates against dollar, loses 4 paise | 24-05-2022 17:44:19 | view |
| Panipat textile exports down 60%, courtesy Ukraine war, rise in yarn prices | 23-05-2022 23:10:16 | view |
| Today evening, the rupee strengthened by 3 paise to close at Rs 77.52 against the dollar | 23-05-2022 23:03:22 | view |
| Sensex rises further, opens up 239 points | 23-05-2022 17:41:22 | view |
