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Tamil Nadu: Perambalur district's cotton cultivation is impacted by unseasonable rainfallPerambalur: The recent unseasonal rains have affected cotton cultivation in several villages in the district, leaving farmers worried about low yields. They have urged the government to provide immediate compensation to make up for the losses. Official sources say cotton was cultivated on over 5,000 hectares of land in the district this season.However, unseasonal rains this crop season have led to cotton seeds rotting and many flowers and branches falling. Also, farmers say the ripe seeds have got wet due to the rains. Wetting of ripe seeds affects their quality, making it difficult for farmers to sell them at good prices.Sources said the minimum support price (MSP) of the crop is Rs 7,521 per quintal, while the market price is around Rs 5,500 per quintal. Farmers have submitted petitions to the district collectorate and the agriculture department seeking compensation.K Ulaganathan of Vayalur said, "I had sown cotton in 4 acres, spending Rs 40,000 per acre. When it was harvested 10 days ago, all the flowers on the plants had fallen and the ripe seeds had also rotted due to unexpected rains. Usually I harvest 10 quintals per acre.But this time, it is difficult to get even 2 quintals from an acre. I fear I will not be able to recover my investment." D Durai, another farmer from Kurumbapalayam, said, "I had sown cotton in 3 acres, but the unexpected rains ruined everything. For the last two years, we were getting good prices for cotton. However, this season the prices have fallen. We need assistance from the government to deal with the crisis.""Drying the wet ripe seeds does not help us get the right price, rather we have to work twice as hard. Also, there is no direct purchase centre here to sell the cotton," he said. S Babu, Joint Director of Agriculture Department in Perambalur, was not available for comment. Meanwhile, another official of the Agriculture Department in Perambalur said, "We are aware of the damage. We will inspect and take action."read more :- Maharashtra: Wardha farmer harvests 24 quintals of cotton per acre through HDPS

Maharashtra Farmer Sets Record Cotton Yield Using HDPS TechnologyNagpur: A farmer from Hinganghat in Wardha district, Dilip Pohane, has achieved a record cotton yield of 24 quintals of raw cotton per acre using the High Density Planting System (HDPS).The central government is actively promoting HDPS to boost cotton productivity and align output with global standards. The system involves close spacing of plants, allowing higher plant density per unit area and improved productivity.At present, countries like the United States produce over 2,000 kg of lint cotton per hectare, while India’s average remains below 400 kg per hectare. HDPS is being introduced as a solution to bridge this productivity gap.The method has already been adopted by around 1,500 farmers in Akola, while farmers in Wardha and Nagpur are increasingly shifting to this system. Over 550 cotton growers from Nagpur and Wardha districts participated in the pilot project during 2023–24, recording up to a threefold increase in yields.Following strong farmer participation, the central government is planning to expand HDPS cultivation to 50,000 hectares in Akola alone. The initiative is being implemented by CITI-CIDRA in collaboration with ICAR–Central Cotton Research Institute.Under the pilot project, the textiles ministry provided support including a subsidy of ₹16,000 per hectare on seeds, along with assistance for machine sowing in 3x1 row patterns.Experts noted that while traditional cotton farming typically yields 6–7 quintals per acre, HDPS has already raised average yields to 12–15 quintals, with this new record of 24 quintals marking a significant breakthrough.Read More :- Rupee declines 7 paise to 86.40 against US dollar in early trade

In early trading, the rupee drops 7 paise to 86.40 against the US dollar.The local currency opened at 86.40 against the US dollar, then traded at 86.41 against the US dollar at 9:40 AM, as compared to 86.33 at close against the greenback.read more :- Indian rupee ended 25 paise higher at 86.33 per dollar on Wednesday versus Tuesday's close of 86.58.

The Indian rupee closed at 86.33 per dollar on Wednesday, 25 paise higher than its finish of 86.58 on Tuesday.At close, the Sensex was up 566.63 points or 0.75 percent at 76,404.99, and the Nifty was up 130.70 points or 0.57 percent at 23,155.35. About 1110 shares advanced, 2677 shares declined, and 107 shares unchanged.read more :- India Budget 2025: Textile budget may rise 15 per cent to $578 mn

India's 2025 budget for textiles could increase by 15% to $578 million. India may increase the budget allocation by 15 per cent for the Ministry of Textiles for the next financial year 2025-26 in the upcoming Union Budget. Union Finance Minister Nirmala Sitharaman will present the Union Budget on February 1 for the next fiscal year. There are expectations that budget allocations for the Ministry will exceed ₹5,000 crore ($578 million) for the next fiscal year.A close analysis of previous years’ budgets reveals patchy allocations and utilisation of funds. The government allocated ₹4,417 crore ($510 million) for the current fianancial year 2024-25, which was a 28 per cent higher allocation compared to the revised budget of ₹3,443 crore ($397 million) for the fiscal year 2023-24. The budget allocation was quite higher at ₹4,389 crore ($507 million) for fiscal year 2023-24. However, the ministry could utilise only ₹3,443 crore ($397 million) during the fiscal year. This reveals that the budget allocation for fiscal year 2024-25 was just 0.63 per cent higher than the budget allocation for fiscal year 2023-24.Interestingly, the budget allocation for fiscal year 2023-24 was 32.6 per cent higher than the actual budget of ₹3,309 crore ($382 million) in fiscal year 2022-23. The India budget portal has not released the revised/actual budget for the current fiscal year 2024-25, which may be lower than the budget allocation. The ministry’s revised/actual budget remained very low at ₹3,309 crore ($382 million) in 2022-23 and ₹3,443 crore ($397 million) in 2023-24.The finance minister is likely to increase the budget allocation by 33 per cent for the Production Linked Incentive (PLI) scheme for textiles, with its allocation expected to rise from ₹45 crore ($5.20 million) to ₹60 crore ($6.93 million). The PLI scheme for textiles was launched in 2021 to promote the production of man-made fibre (MMF) apparel, MMF fabrics, and technical textile products. It was aimed at helping the textiles industry scale up and compete globally.According to an official, the government has ambitious targets for the textiles sector and is exploring measures to encourage domestic manufacturing. The finance minister may announce other initiatives for the textile industry.read more :-  Cotton prices stable: Farmers are getting loss-making prices

Cotton prices are steady, and farmers are receiving prices that are losing money.There is still no increase in the price of cotton; farmers have to sell at low prices.Jalgaon News: Farmers in the Bhusaval taluka of Jalgaon district are in a lot of trouble due to unseasonal rains. The unseasonal rains have affected the crops of cotton, soybean and maize, resulting in a drop in production.Bhusaval (Jalgaon): The wait for a hike in the price of cotton is still on. Farmers have stored cotton in the hope of a price hike. However, there is no sign of any initiative from the government regarding the price hike. This has put the farmers in trouble and wondering how long they will be able to keep the cotton in their homes, some farmers are reluctantly selling cotton to traders at low prices.Farmers in the Bhusaval taluka of Jalgaon district are in a lot of trouble due to unseasonal rains. Crops like cotton, soybean and maize have been affected by the unseasonal rains. This has led to a drop in production and it is seen that farmers are not getting good prices. Sooner or later cotton will get a good price; Anticipating this, farmers had stored cotton at home.Farmers have lamented that they are not getting the desired price, as the government has not yet taken any decision on the price increase of cotton. The math of farmers has gone wrong as the stored cotton is not getting a good price in anticipation of a fall in market price and price increase. Farmers have been storing cotton at home since Diwali. Since cotton prices have remained between Rs 6,500 to Rs 7,000 since the beginning, farmers are storing cotton at home.read more :- Indian rupee opens almost flat at 86.56 against US dollar

In relation to the US dollar, the Indian rupee opens nearly flat at 86.56.The local currency opened at 86.56 against the US dollar, and by 9:30 AM it traded at 86.59 against the US dollar, as compared to 86.58 at close on the previous trading session against the greenback.Indian rupee opened almost flat on January 22 and then fell marginally due to outflows from foreign investors.read more :- Indian rupee ended at 86.58 per dollar on Tuesday versus previous close of 86.56.

Tuesday saw the Indian rupee conclude  at 86.58 to the US dollar, down from its previous level of 86.56.At close, the Sensex was down 1,235.08 points or 1.60 percent at 75,838.36, and the Nifty was down 320.10 points or 1.37 percent at 23,024.65. About 1019 shares advanced, 2552 shares declined, and 79 shares unchanged.read more :- KHAGA appeals to Nirmala Sitharaman to reject GST hike for textile industry

KHAGA urges Nirmala Sitharaman to oppose the textile industry's GST hike. The Karnataka Household and Garment Association (KHAGA) has written to Union Finance Minister Nirmala Sitharaman to urge her to abandon the idea in response to news that the Goods and Services Tax (GST) rates for the apparel and textile industry may be revised.The local apparel and textile industry’s trade group, KHAGA, emphasised the revision’s potential economic and social effects on pricing, manufacturing, and consumer demand.The association expressed worries about the possible loss of jobs in the industry in the event that GST rates are hiked. According to KHAGA, any tax increase would increase the financial strain currently experienced by the garment and textile sector, which employs a sizable number of unskilled and semi-skilled workers, many of whom are women, endangering many livelihoods.KHAGA president Prakash Bhojani stated that if ethnic garments, typically bought for weddings and celebrations, are categorised under luxury tax, they will become unaffordable for many. He added that this could reduce consumption during cultural and festive occasions, ultimately slowing down the economy.Additionally, the group said that changing the GST rates would drive firms and consumers to unofficial marketplaces. While illegitimate merchants would profit from this change, respectable retailers would suffer.read more :- Cotton prices fall as WASDE forecasts higher production and ending stocks for 2024/25 crop year

As WASDE projects increased production and ending stocks for the 2024–2025 crop year, cotton prices decline.Cotton candy prices fell 0.45% to close at ₹53,670 on bearish sentiment following a WASDE report that forecast higher production and ending stocks for the 2024/25 crop year. Global cotton production is estimated to rise by 1.2 million bales to 117.4 million due to large crops in India and Argentina. However, north Indian states reported a sharp 43% drop in cotton arrivals till November 30, leading to a shortage of raw material for ginners and spinners. The Cotton Association of India (CAI) estimates cotton consumption for 2024/25 at 313 lakh bales, while the pressing estimate remains unchanged at 302.25 lakh bales.Cotton imports are expected to rise by 9.8 lakh bales to 25 lakh bales compared to last year. Nearly 9 lakh bales had arrived at Indian ports till November 30. Ending stocks for 2024/25 are estimated at 26.44 lakh bales, down from 30.19 lakh bales in the previous year. Globally, US cotton production forecast rose to 14.3 million bales in December, while world production rose to 117.4 million bales. World consumption rose by 570,000 bales, led by India, Pakistan and Vietnam, offsetting a shortfall in China. Meanwhile, exports are slightly higher, with notable growth in Brazil, Benin and Cameroon.Technically, the market is witnessing long liquidation as open interest fell 19.29% to 297. Prices are supported at ₹53,490, with potential downside to ₹53,300. Resistance is seen at ₹53,940, and break above this level could test ₹54,200.read more :- Rupee rises 17 paise to 86.28 against US dollar in early trade

In early trading, the rupee climbs 17 paise to 86.28 against the US dollar.Rupee appreciated 17 paise to 86.28 against the US dollar in morning trade on Tuesday, as the US dollar index and crude oil prices retreated from their elevated levels.At the interbank foreign exchange, the rupee opened at 86.28, registering a rise of 17 paise from its previous close of 86.45 against the greenback. The local unit also touched 86.43 against the US dollar initial trade.read more :- Indian rupee ended marginally higher at 86.56 per dollar on Monday versus Friday's close of 86.61.