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Cuts in cotton MSP are demanded by traders.Amid falling cotton exports and rising imports, there is a growing demand among cotton traders and associations in Gujarat to reduce the minimum support price of the crop.According to Ajay Shah, secretary of Gujkot Vyapar Sangh, if the MSP remains the same, it could signal another nationwide drought for the cotton sector and the textile value chain."Implement a free market mechanism for cotton and give more subsidy to farmers," he said. The MSP mechanism is implemented by the government to support farmers by buying their crops at a pre-determined remunerative price.The 2024-2025 MSP for cotton is Rs 7121 per quintal and Rs 7521 per quintal for medium and long-staple cotton varieties, respectively. This has further added to the challenges faced by cotton traders and mills, who are already struggling to remain competitive in the global market. Speaking to FE, Shah said, "By December 2024, we estimate that the government has bought about 60% of cotton stocks from farmers. Private players are buying less stocks due to the high MSP." Instead, many companies are importing cotton from countries such as Brazil, Australia, West African regions and the USA - which offer lower prices than India's MSP. For example, Brazil reduced its cotton export price to US$0.7060 per pound in October 2024 - a price 15.9% lower than the international market average.Read More :-  Rupee falls to new low of 85.27 as importers stock up dollar at month end

As importers stock up on dollars at the end of the month, the rupee drops to a new low of 85.27.The rupee fell to a new low of 85.27 a dollar due to a rise in the dollar index, coupled with importers’ month-end demand for the American currency, according to dealers. The local currency had settled at 85.20 on Wednesday.Read More :-  Indian rupee ended at new record low at 85.26 per dollar on Thursday versus Tuesday's close of 85.20.

In 2024, China will produce 6.164 million tons of cotton.During the ongoing calendar year, cotton production in China increased by 9.7 per cent year-on-year to 6.164 million tonnes, according to the data released by the National Bureau of Statistics (NBS). Cotton production particularly increased in Xinjiang, the main cotton growing region in China.Both the area under cotton cultivation and yield per hectare increased during the year. While the total cotton planting area rose by 1.8 per cent compared to the last year, the yield per unit area saw a sharp jump of 7.8 per cent to touch 2,172 kg per hectare, as per the NBS data.Cotton plantation area expanded by 3.3 per cent to 2.45 million hectares in the Xinjiang Uygur Autonomous Region, in the northwest of China. On the other hand, area under cotton cultivation in the Yellow River and Yangtze River basins declined by 13.6 per cent and 1.6 per cent, respectively.Read More :- Indian rupee ended at new record low at 85.26 per dollar on Thursday versus Tuesday's close of 85.20.

After closing at 85.20 on Tuesday, the Indian rupee fell to a new record low of 85.26 per dollar on Thursday.At close, the Sensex was down 0.39 points at 78,472.48, and the Nifty was up 22.55 points or 0.10 percent at 23,750.20. About 1599 shares advanced, 2219 shares declined, and 95 shares unchanged.Read More :-Rupee Hits Fresh All-Time Low Of 85.24, Falls 9 Paise Against Dollar

The rupee drops 9 paise against the dollar and reaches a new all-time low of 85.24.The Indian rupee on Thursday declined by 9 paise to hit an all-time low of 85.24 against US dollar in the opening trade, amid higher US Treasury yields and a fall in most Asian peers. The 10-year US Treasury yield rose to the highest since late May on Tuesday.Read More :-  Indian rupee ended 9 paise lower at fresh record low at 85.20 per dollar on Tuesday versus Monday's close of 85.11.

After closing at 85.11 on Monday, the Indian rupee fell 9 paise to a new record low of 85.20 per dollar on Tuesday.Sensex was down 67.30 points or 0.09 percent at 78,472.87, and the Nifty was down 25.80 points or 0.11 percent at 23,727.65. About 1907 shares advanced, 1926 shares declined, and 94 shares unchanged.Read More :- Rupee falls 3 paise to hit all-time low of 85.14 against US dollar

Rupee hits an all-time low of 85.14 versus the US dollar, down 3 paise.This comes after the rupee failed to resist pressure from strengthening American currency and lost 7 paise to settle at 85.11 (provisional) against the US dollar on Monday despite a sharp recovery in domestic equities.Rupee fell 3 paise to hit all-time low of 85.14 against US dollar in early trade on Tuesday.Read More :-   Indian rupee ended at fresh record low 85.11 per dollar on Monday versus Friday's close of 85.02.

After closing at 85.02 on Friday, the Indian rupee fell to a new record low of 85.11 per dollar on Monday.Indian equity indices snapped five-day losing streak and ended on strong note with Nifty at 23,750 on December 23.At close, the Sensex was up 498.58 points or 0.64 percent at 78,540.17, and the Nifty was up 165.95 points or 0.70 percent at 23,753.45. About 1565 shares advanced, 2348 shares declined, and 134 shares unchanged.Read More :-  Rupee fails to recover, remains flat at 85.04 against dollar in early trade 

In early trading, the rupee does not rebound and stays unchanged at 85.04 vs the dollar.The rupee failed to sustain a recovery from its all-time low level and turned flat at 85.04 against the US dollar in early trade on Monday, giving in to the strengthening American currency and unabated outflow of foreign funds.Read More :- Special project on cotton shows rise in yield via high-density planting

A special cotton project demonstrates that high-density planting increases production.Cotton yields increased by 30.4 per cent on average in the areas where high-density planting system (HDPS) was adopted in shallow soils, and increased by 39.15 per cent on average in closer spacing (CS) in medium soils, according to a reply in the Rajya Sabha.In a written reply in the Rajya Sabha on Friday on the steps taken by the Government to increase the yield, Bhagirath Choudhary, Union Minister of State for Agriculture and Farmers’ Welfare, said the cotton productivity in India is estimated at 443 kg lint per hectare, and is relatively low in comparison to the major cotton producing countries such as China, Brazil, and the US that have adapted HDPS with high precision agro-ecologies.In order to boost cotton yield, especially in low productivity areas, HDPS is being promoted and four compact Bt cotton varieties and 19 Bt cotton hybrids amenable to HDPS have been released during past three years.Extended to 2nd yearA special project on cotton, ‘Targeting technologies to agro-ecological zones-large scale demonstrations of best practices to enhance cotton productivity’, under the National Food Security Mission (NFSM) was implemented in 61 districts of eight States covering an area of 9,064 hectares involving 10,418 farmers during 2023-24 kharif season in public-private-partnership mode for scaling up of HDPS in shallow soils and CS in medium soils, he said.“The average yield increase in the HDPS adopted plots was 30.4 per cent, and average yield increase in the CS adopted plots was 39.15 per cent. This special project has been extended into second year 2024-25 with a target of 14,478 hectares area in eight states. In addition, 11 Bt cotton hybrids highly resistant to cotton leaf curl virus, one of the devastating diseases of cotton, were released to minimise the losses in north zone,” he said.Read More :-  Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trad

This evening, the rupee gained 6 paise against the dollar, closing at Rs 85.02.At the close, the Sensex was down 1,176.46 points or 1.49 per cent at 78,041.59, and the Nifty was down 364.2 points or 1.52 per cent at 23,587.50. About 963 stocks advanced, 2859 declined and 95 stocks remained unchanged.Read More :- The rupee recovered marginally from its all-time low and traded 6 paise higher at 85.07 against the US dollar in early trade on Friday.