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The rupee opened 37 paise lower at 95.31 against the USD.On Monday, the Indian rupee opened 37 paise lower against the dollar at 95.31, whereas it had closed at 94.94 on Friday.READ MORE :- CCI Cuts Cotton Prices by ₹700 per Candy

CCI Cuts Cotton Prices by ₹700 per Candy; Season Sales Cross 70.4 Lakh BalesThe Cotton Corporation of India (CCI) reduced its Cotton Candy prices by ₹700 per candy during the week of June 1–June 5, 2026. Despite the price reduction, auction activity remained moderate, with participation from both mills and traders. Total sales during the week stood at approximately 5,900 bales from the 2025–26 cotton season.Day-wise Auction PerformanceJune 1, 2026 (Monday)The week began with the sale of 700 bales, all purchased by textile mills.June 2, 2026 (Tuesday)CCI recorded sales of 300 bales, with mills continuing to dominate purchases.June 4, 2026 (Thursday)The highest activity of the week was witnessed on Thursday, when 4,900 bales were sold. The entire quantity was purchased by cotton traders.June 3 & June 5, 2026No cotton sales were reported on either Wednesday or Friday.Cumulative Sales Update CCI’s total sales have reached: 2025–26 season: 70,40,400 bales

Farmers May Shift from Maize to Cotton and SoybeanAmidst the potential El Niño effect and forecasts of a below-normal monsoon, farmers' crop selection strategies for the Kharif season may undergo changes. According to a research report by CRISIL, farmers across various states are likely to select crops based on weather conditions, profitability, and market dynamics.The report indicates that maize-growing farmers in Rajasthan might shift towards soybean cultivation. Meanwhile, in Madhya Pradesh—the country's largest soybean-producing state—there is a possibility of some acreage currently dedicated to maize and soybean shifting to cotton, potentially increasing the state's total cotton area.Pushan Sharma, the lead author of the report, notes that while the total area under maize is expected to decline, the pattern of crop switching will vary by state. Farmers will consider factors beyond just rainfall forecasts, such as the relative profitability of crops, procurement support, and prevailing market conditions.The report highlights that higher temperatures and uneven rainfall during the early stages of the season could lead to increased pest and disease infestations in crops like cotton and soybean, posing a risk to production.However, water levels in the country's reservoirs remain above normal, which is expected to facilitate timely field preparation and sowing operations in key agricultural regions. Nevertheless, Kharif crop yields will largely depend on the distribution of monsoon rainfall, pest and disease management, and the availability of fertilizers.According to the report, faced with the prospect of below-normal rainfall, farmers will weigh risks against potential returns when selecting crops; consequently, the acreage for cotton and soybean may increase at the expense of maize in certain regions.read more :- The rupee ended 78 paise higher at 94.94 against the dollar.

On Friday the Indian Rupee higher by 78 paise to close at 94.94 against the US dollar, after opening at 95.72  in morning trade.At close, the Sensex was down 116.67 points or 0.16 percent at 74,243.34, and the Nifty was down 49.85 points or 0.21 percent at 23,366.70. About 1966 shares advanced, 2049 shares declined, and 197 shares unchanged.read more :- Tamil Nadu Textile Industry Could Save ₹3,250 Crore Annually Through Renewable Energy: Report

Report: Tamil Nadu’s textile industry could save up to ₹3,250 crore annually by adopting renewable energyAccording to a new report by the Bengaluru-based think tank Climate Risk Horizons, Tamil Nadu’s textile industry could save between ₹1,560 crore and ₹3,250 crore annually by transitioning to clean energy. The study assesses the status and potential of the industry's decarbonization based on data from the 'Annual Survey of Industries' (ASI) over the past decade.The report states that if the industry were to switch entirely to renewable electricity, annual savings could range from ₹2,320 crore to ₹3,250 crore. The study notes that rising energy and fuel costs have become a primary factor driving up textile production costs in the state.Rakesh Ranjan, a co-author of the report, stated that escalating fuel costs are impacting the competitiveness of Tamil Nadu’s textile industry. He pointed out that the state's textile exports have remained stagnant at around $7.4 billion since 2017. According to him, adopting renewable energy would lower costs and strengthen the industry's global competitiveness.The report also highlights that the total energy expenditure of the state's textile sector has nearly doubled over the last four years. Additionally, there has been an increase in the ratio of fuel costs to production output. The study reveals that India's textile industry has the highest carbon footprint compared to major exporting nations, exceeding 12.5 kg of CO₂e per kilogram of textile produced.The report suggests that the industry could reduce both production costs and carbon emissions by adopting renewable energy-based electric heating. It also recommends that the state government and electricity regulatory bodies facilitate easier access to renewable energy, particularly for MSME units. This version is more streamlined and edited in the formal style of news writing.read more :- Haryana Farmers Abandon Cotton Cultivation as Acreage Falls 65% in Seven Years 

Farmers in Haryana Disillusioned with Cotton Farming; Acreage Drops by 65% in Seven YearsHisar – Cotton, once considered a major cash crop for farmers in Haryana, is currently facing a crisis. Farmers are turning away from cotton cultivation due to persistent financial losses, the growing menace of the pink bollworm, and heavy crop damage caused by rainfall. The impact of this shift is clearly visible in the state's cotton acreage.In the 2019-20 season, cotton was cultivated across 8.01 lakh acres in Haryana; by 2025-26, this figure had dropped to just 2.84 lakh acres. In other words, the area under cotton cultivation has shrunk by approximately 65 percent over seven years. The cultivated area has nearly halved in the last three years alone. This season, the area sown with cotton has hit its lowest level in eight years.The Agriculture Department has made several efforts to promote cotton cultivation. Awareness programs were conducted in major cotton-producing districts under the 'Promotion for Cotton Cultivation in Haryana' campaign. Financial assistance of ₹2,000 per acre for micronutrients and ₹4,000 per acre for cultivating indigenous cotton varieties is also being provided to farmers. Despite these measures, farmers remain reluctant to return to cotton farming.According to Dr. Atma Ram Godara, Joint Director (Cotton), farmers have been incurring consistent losses in cotton cultivation over the past few years. Rainfall during August and September causes the most significant damage to the crop, while the infestation of the pink bollworm remains a major challenge.A report by Dr. Vinay Mahla, an agricultural scientist at Haryana Agricultural University, indicates that the average cost of cotton cultivation for farmers was ₹40,024 per acre, whereas the total income from sales and by-products was only ₹24,882. Consequently, farmers suffered an average loss of ₹15,142 per acre. Experts believe that if better and pest-resistant varieties are not developed, the scope of cotton cultivation in the state could shrink further in the coming years.read more :- Rupee Opens 7 Paise Higher Against US Dollar at 95.72

The rupee opened 7 paise stronger against the US dollar at 95.72.On Friday, the Indian rupee opened 7 paise stronger against the dollar at 95.72, whereas it had closed at 95.79 on Thursday.READ MORE:- Punjab Extends Cotton Seed Subsidy Registration Deadline by 15 Days

Punjab Government Extends Registration Deadline for Cotton Seed SubsidyChandigarh. Providing relief to cotton-growing farmers, the Punjab government has extended the registration deadline for the 33 percent subsidy on cotton seeds by 15 days. The Department of Agriculture took this decision keeping in mind those farmers who, for various reasons, were unable to register on the online portal within the stipulated timeframe.According to the department, many farmers faced difficulties in completing the registration process due to technical glitches and a lack of information. Furthermore, timely assistance could not reach the farmers as the field staff remained occupied with election duties.The government has clarified that to avail the benefits of this scheme, farmers must register on the Department of Agriculture's portal in a timely manner and submit the necessary information and documents.Under this scheme, farmers can avail a 33 percent subsidy on BT and indigenous cotton seeds for up to two hectares of land.read more :- Cotton Sowing Covers 1.05 Lakh Hectares in Khargone, Reaches 51% of Target

Cotton Sowing Gains Momentum in Khargone; 1.05 Lakh Hectares Sown So FarCotton sowing is progressing rapidly in the Khargone district, driven by pre-monsoon activities and favorable weather conditions. To date, cotton has been sown across an area of 1.05 lakh hectares in the district, representing approximately 51 percent of the set target. The highest sowing activity has been recorded in the Kasrawad, Maheshwar, and Barwah regions situated along the Narmada belt.Farmers' inclination toward this crop has increased following the robust government procurement of cotton last year. Consequently, the area under cotton cultivation is estimated to expand by approximately 300 hectares this season. Meanwhile, following the pre-monsoon showers, temperatures have remained between 38 and 39 degrees Celsius—a range considered ideal for cotton sowing. The Agriculture Department anticipates that the scope of sowing will expand further in the coming days.For Khargone—the leading cotton-producing district in Madhya Pradesh—a target of sowing cotton across 2.09 lakh hectares has been set for the current year. Last year, cotton was cultivated across an area of approximately 2.095 lakh hectares in the district.According to Prakash Thakur, Assistant Director of Agriculture, current conditions are favorable for cotton sowing due to the subsiding impact of heatwaves and the availability of adequate soil moisture in areas equipped with irrigation facilities. He further stated that the department is providing continuous guidance to farmers to ensure the achievement of the set target of 2.09 lakh hectares this year.read more :- The rupee ended 08 paise lower at 95.79 against the dollar.

On Thursday the Indian Rupee declined by 08 paise to close at 95.79 against the US dollar, after opening at 95.71  in morning trade.At Close, the Sensex was up 13.84 points or 0.02 percent at 74,360.01, and the Nifty was up 10.95 points or 0.05 percent at 23,416.55. About 2156 shares advanced, 1852 shares declined, and 164 shares unchanged.read more :- Bhilwara Textile Exports Surge on Strong Bangladesh Demand

Bhilwara Successfully Navigates Global Challenges by Boosting Cotton Yarn Exports to BangladeshBhilwara, Rajasthan's premier textile hub, continues to advance on a path of sustained growth despite global economic challenges and ongoing tensions in the Middle East. A remarkable surge in the export of cotton yarn and threads to Bangladesh has injected fresh vigor into the local textile industry. According to industry sources, this rising demand has attracted new investments exceeding ₹3,000 crore to the district—a development expected to generate increased employment opportunities in the near future.While various industries globally have been adversely affected by geopolitical conflicts, escalating transportation costs, and U.S. tariff policies, Bhilwara's textile sector has remained relatively resilient. The district's spinning and denim units have successfully enhanced both their production capacity and product quality by embracing modern technology, automation, and innovation. Consequently, the demand for cotton yarn manufactured in Bhilwara continues to rise steadily across international markets.According to industry sources, cotton yarn production in the district is growing at an annual rate of 15 to 17 percent, while denim production is recording an annual growth of 10 to 12 percent. Bangladesh's ready-made garment industry has become heavily reliant on cotton yarn sourced from Bhilwara. Furthermore, there is significant demand for the yarn produced here in markets such as Egypt, China, Portugal, Sri Lanka, and Morocco. Meanwhile, denim fabric manufactured in the region is finding its way into markets across several Latin American countries.The Central Government's decision to waive the 11 percent import duty on raw cotton is also being viewed as a positive development for the industry. This measure is expected to reduce raw material costs, thereby enabling manufacturers to produce goods at more competitive price points.According to R.K. Jain, Honorary General Secretary of the Mewar Chamber of Commerce and Industry, the Bhilwara district currently houses and operates over 500 weaving units, 18 spinning units, five denim plants, and 21 processing units. These units produce approximately 1.2 billion meters of fabric annually and provide direct employment to nearly 150,000 people. Driven by rising exports and new investments, the prospects for expansion within the industry are continuously strengthening.read more :- Punjab Cotton Sowing Falls to Record Low in Kharif 2026