The Rupee opened 20 paise lower at 91.99 against the US dollar. Indian rupee opened at fresh record low 91.99 per dollar and crossed 92 mark in the opening trde on Thursday versus previous close of 91.79.read more :- Indian yarn increased the troubles of Bangladeshi textile industry
Bangladesh's textile industry in trouble due to Indian yarnDhaka (Bangladesh) – Bangladesh's domestic textile industry is facing a serious crisis due to increasing imports of Indian yarn. The influx of cheap yarn from India has threatened the survival of local spinning mills, raising fears of a massive employment crisis in the country.pressure on local industriesThe share of Indian yarn in the textile market of Bangladesh is continuously increasing. Since Indian yarn is cheaper than locally produced yarn, garment manufacturers in Bangladesh are increasingly opting for imports from India. As a result, local spinning mills are finding it difficult to sell their output, leading to increased inventories and huge financial losses.threat to employmentThe ready-made garment (RMG) sector plays an important role in the economy of Bangladesh. If local spinning mills are forced to close, millions of workers could lose their jobs. Bangladesh Textile Mills Association has expressed deep concern over the situation and urged the government to take steps to protect domestic industries.India's competitive edgeIndia is one of the largest producers of cotton and yarn in the world. Easy availability of raw materials and large scale production keeps Indian yarn highly competitive in global markets. Additionally, India's geographical proximity to Bangladesh keeps transportation costs low, further benefiting Indian exporters.Signs of trade conflict?Amid growing dissatisfaction and pressure from local entrepreneurs, the Bangladesh government may consider banning the import of Indian yarn. Reports suggest that a ban on import of yarn through some ports is being considered. If such measures are implemented, they could affect trade relations between the two countries.read more :- Rupee closed down by 19 paisa at 91.79 per dollar
On Wednesday, the Indian rupee fell by 19 paise to close at 91.79 per dollar, while in the morning it was 91.60.At close, the Sensex was up 487.20 points or 0.60 percent at 82,344.68, and the Nifty was up 167.35 points or 0.66 percent at 25,342.75. About 2844 shares advanced, 1226 shares declined, and 120 shares unchanged.read more :- India-EU FTA to boost textile exports and employment
India–EU FTA set to lift textile exports, MSMEs & jobsThe newly signed India–European Union (EU) Free Trade Agreement (FTA) will provide zero-duty access for textiles and clothing across all tariff lines, eliminating duties of up to 12 per cent. Once the agreement enters into force, it will open the EU’s import market, valued at ₹22.9 lakh crore (~$263.5 billion), to Indian exporters.Building on India’s current ₹3.19 lakh crore ($36.7 billion) in global textile and apparel exports, including ₹62.7 thousand crore ($7.2 billion) to the EU, such access would significantly expand opportunities, particularly in yarn, cotton yarn, man-made fibre apparel, ready-made garments, men’s and women’s clothing and home textiles. This would enable MSMEs to scale, generate employment, and reinforce India’s positioning as a reliable, sustainable, and high-value sourcing partner.The FTA corrects a long-standing tariff disadvantage faced by Indian exporters vis-à-vis competitors such as Bangladesh, Pakistan and Turkiye, the Ministry of Textiles said in a release.The EU is India’s second-largest export destination for textiles and apparel, after the US. The EU’s total global imports of textiles and apparel stood at $263.5 billion in 2024, while India’s textile exports to the EU have also shown positive growth in last 5 years. India’s textile exports to the EU are diversified across multiple value-added and labour-intensive segments. Ready-Made Garments (RMG) form the largest component, (~60 per cent) of exports followed by cotton textiles (17 per cent), man-made fibre and MMF textiles (12 per cent). Handicrafts (4 per cent), carpets (4 per cent), jute products (1.5 per cent), woollen (0.6 per cent), handloom (0.6 per cent) and silk products (0.2 per cent), form an important part of India’s textile exports to the EU, underscoring the labour-intensive sectors of textiles, apparel and handicrafts, artisanal and MSME-driven character of India’s textile trade with the European market. The textile sector employs around 45 million people directly in India. Improved access to the EU market is expected to boost production, capacity utilisation and employment across labour-intensive MSME clusters. The FTA will also encourage investment, technology transfer, and sustainability-linked up-gradation, particularly in MMF, technical textiles and green manufacturing aligned with EU standards. The India–EU FTA is expected to significantly strengthen the textile sector ecosystem by enhancing market access, improving competitiveness and supporting employment across key clusters. Beyond tariff reduction, the India–EU FTA provides comprehensive measures to address non-tariff barriers through strengthened regulatory cooperation, customs facilitation, transparency and predictable trade rules.Together with India’s FTAs with the UK and EFTA, the India–EU FTA opens up the European market for Indian businesses, exporters and entrepreneurs and is expected to further strengthen and accelerate the export diversification efforts of the Ministry of Textiles, the release added. read more :- Rupee opened 12 paise stronger at 91.60 per dollar
Rupee opens 12 paise up at 91.60/USD Indian rupee is trading higher at 91.60 per dollar against previous close of 91.72.read more :- High US tariffs: An eye on apparel sector's budget
Apparel sector has expectations from Union Budget amid higher US tariffsThe Indian textile and apparel sector, worst hit by tariffs imposed by US President Donald Trump last year, is pinning its hopes on the upcoming Union Budget, while exporters are accelerating efforts to diversify markets and products.The tariffs, announced in April and implemented from August 27, imposed duties of more than 60% on some categories, severely impacting India's competitiveness in its largest export market. As a result the region has lost market share in US exportsTiruppur Exporters Association (TEA) President KM Subramaniam said the key demands of the industry include introduction of Focus Market Scheme for the US, increasing interest subvention to 5% without value ceiling to support MSME exporters and more support for modernization and technology upgradation.In a letter to Union Finance Minister Nirmala Sitharaman, the South Gujarat Chamber of Commerce and Industry (SGCCI) has sought reduction of GST on chemicals used for man-made fibers like MEG, PTA and polyester staple fiber from 18% to 5%.SGCCI President Nikhil Madrasi has also sought enhanced benefits under the Duty Drawback Scheme, Remission of Duties and Taxes on Exported Products Scheme (RoDTEP) and additional benefits of tariff refund linked to direct exports to the US equal to the actual tariff paid.Sagar Shah, partner, tax and regulatory at EY India, said GST on key man-made fiber (MMF) raw materials should be reduced under Chapters 29 and 39 to correct the duty inversion. "This will ease accumulation of input tax credit, reduce capital costs and improve India's export competitiveness," he said.Industry bodies like Clothing Manufacturers Association of India (CMAI) have also urged the government to impose a uniform 5% GST on ethnic apparel priced below `10,000 to support domestic brands.America remains the largest market for Indian textiles and apparel, with exports worth about $10-12 billion annually. Of this, about $5 billion worth of products—mainly cotton textiles—are shipped from Tiruppur in Tamil Nadu. The share of man-made fiber (MMF) garments in exports is only 10%.Haresh Calcuttawala, founder and CEO of Trazix, said the impact of US tariffs in 2025 was relatively small. "The impact was about 6-8%, even though US exports declined by 16-18%. This was because US buyers had already placed a lot of orders. We had a strong order pipeline before the tariffs were implemented," he said.read more :- India-EU trade deal boosts textile and chemical stocks
India-E.U. KPR Mills, Welspun Living, other textile, pharma, chemicals stocks rise on trade dealsIndia-E.U. Trade agreement may increase India's exports to EU by $50 billionTariff cuts expected to benefit textile, pharma and chemicals sectorsFaster drug approvals and lower costs could help Indian pharma exports to EUIndia-E.U. The trade deal is likely to be announced later today, with analysts hoping the "mother of all deals" could bring some much-needed optimism to the domestic equity market. The discussion has led to strong gains in shares of KPR Mills, Welspun Living and Nitin Spinners, which are expected to benefit from the FTA.At present, India's exports to the EU constitute 17 percent of its total exports. According to MK Global, the bilateral agreement could increase India's exports to the EU. Medium-tech manufacturing results in about $50 billion."Improved import efficiency and higher FDI will support productivity gains and technology transfer, while greater regulatory certainty could aid IT services exports, where the E.U. already accounts for a third of demand," the brokerage said.As a result, key sectors that investors can look at to cash in on the optimism are the pharma, textiles and chemical sectors, coupled with a broader structural recalibration of India's exports. However, MK said that while the India-E.U. The deal may be well received by the market, a useful U.S.-India deal, rupee stability and less global noise will remain important.clothWhereas Indian exports textile and apparel to the European Union. Indian textile imports constitute about 38 per cent of the total. Which is only five percent of the total.Top suppliers to EU for textiles and apparel in CY24 are China (~28 percent), Bangladesh (22 percent), Turkey (~11 percent), Vietnam (~6 percent), India (~5 percent). Also, while India sees between 10-12 per cent tariff, Bangladesh, Vietnam, Ethiopia see 0 per cent tariff through FTAs."If the tariff is reduced from 10-12 per cent to 0 per cent, there will be a huge increase in India's price competitiveness as it will be at par with Vietnam and Bangladesh. India is well positioned to capture higher market share in knitwear, outerwear and trousers," MK said.Stocks to watch:If India reduces its import duty on vegetable textile fibre, paper yarn and woven fabrics, it will benefit Indian textile manufacturers, who will have lower input costs. On this front, the major beneficiaries will be Arvind, Vardhman Textiles and KPR Mills.Furthermore, if the E.U. By reducing duty on textiles to zero, India will be well placed to capture higher market share in knitwear, outerwear and trousers from Bangladesh and Vietnam, which will benefit KPR Mills.read more :- The rupee closed 03 paisa higher against the dollar at 91.72
On Tuesday the Indian rupee opened at 91.75 against the dollar and closed 03 paisa higher at 91.72.At close, the Sensex was up 319.78 points or 0.39 percent at 81,857.48, and the Nifty was up 126.75 points or 0.51 percent at 25,175.40. About 1901 shares advanced, 2209 shares declined, and 163 shares unchanged.read more :- "Trump's decision: 25% tariff imposed on South Korea"
Trump increases tariffs on South Korea to 25%Donald Trump declared that tariffs on various South Korean goods would rise from 15 percent to 25 percent.Trump Hikes Tariffs On South Korean Goods To 25%: United States President Donald Trump on Monday stated that he would raise tariffs on a wide range of South Korean goods — raising them to 25 percent from the previous 15 percent — punishing the East Asian country for ‘not living up to’ an earlier trade agreement with Washington.Trump Hikes Tariffs On South Korean Goods To 25%: What Did US President Say?Trump took to Truth Social on Monday and announced about the decision. “Because the Korean Legislature hasn’t enacted our Historic Trade Agreement, which is their prerogative, I am hereby increasing South Korean TARIFFS on Autos, Lumber, Pharma, and all other Reciprocal TARIFFS, from 15% to 25%,” he wrote.However, it is unclear whether the revised tariff rates have already come into force or if the Trump administration will impose them in the coming days.Trump Hikes Tariffs On South Korean Goods To 25%: South Korea Among Top US ImportersIt is to be noted that the East Asian country is one of America’s leading sources of imported goods. According to Commerce Department data, it exported nearly USD132 billion worth of products to US last year,The goods that South Korea majorly exports to the US include – automobiles and auto parts, semiconductors and electronics. Now, after the imposition of a tariff and an increase in duties, several sectors could now face higher prices.read more :- Big decline in cotton production in Maharashtra, Khandesh's ginning industry in crisis
Maharashtra: Cotton Production: Steep decline in cotton production! Ginning industry in Khandesh in crisis; 20 lakh bale target halvedJalgaon: Due to heavy rains during the Kharif season this year, cotton production has decreased, resulting in:Lower prices for traders and reduced cotton sales in the market. So far, the Cotton Corporation of India (CCI) has purchased 1.5 lakh bales of cotton. Private traders have purchased enough cotton to produce 3.5 lakh bales.It is expected that enough cotton will be purchased to produce 3 lakh bales by the end of March. As a result, instead of the target of 20 lakh bales, only 8 lakh bales of cotton will be produced this year, and the ginning and pressing industry is facing a crisis due to the shortage of cotton. The annual turnover of Rs. 375 crore will be reduced to only Rs. 200 crore this year.To avert a potential cotton crisis facing the country's textile mills and industries, the central government adopted a cotton import policy. Due to this policy, 40 lakh bales of cotton were imported into India. Previously, this import was only 10 lakh bales annually. However, on the other hand, domestic ginners were also expected to produce cotton bales.Ginners had hoped that approximately 20 lakh bales would be produced domestically. However, due to the cotton import policy, there is no market for Indian cotton this year, resulting in a lack of demand. Meanwhile, farmers have not brought their cotton to the market for sale at their own discretion.The CCI has started cotton purchase centers and has purchased up to 1.5 lakh bales of cotton so far. The CCI purchased cotton at a rate of Rs. 8,100, according to the central government's guaranteed price. However, cotton with higher moisture content was purchased at a lower price. On the other hand, private traders have offered prices ranging from Rs. 7,600 to Rs. 7,700 depending on the quality of the cotton. Despite this, farmers have not brought their cotton to the market for sale at their own discretion. Not the right price for exportsCotton has not reached the market in the required quantities. As a result, the target of producing two million bales is likely to be reduced to only eight hundred thousand bales. Farmers are not selling their cotton in the hope of higher prices. This is preventing the production of cotton bales.read more :- Jacid alert in cotton cultivation in 2026
Cotton Farmers Prepare for Return of Leafhoppers in 2026Cotton entomologists will spend this winter trying to figure out how the cotton leafhopper survives and are wondering when this new invasive pest will reappear in farmers' fields.The leafhopper, also known as the two-spotted cotton leafhopper, was found last summer in the Southeast and throughout the Cotton Belt as far west as South Texas, causing significant damage for some farmers in the Southeast.“There’s a lot we don’t know,” said University of Georgia Extension entomologist Phillip Roberts.“We had some damage, but farmers did a good job of mitigating the damage,” Roberts said. “We had some yield loss, but we were still picking good cotton into mid-November. If it comes back at the same time in ’26, we can manage it.”The leafhopper was detected in the Mid-South in mid-September, and by mid-November, it had spread to seven cotton-growing counties.“We probably have more than that now (mid-November),” said Mississippi State entomologist Whitney Crow, who is based in Starkville. “We still have a lot of unknowns, including how the leafhopper will handle the cold weather compared to other insects.”“We found the leafhoppers in late August and early September,” said Texas A&M AgriLife entomologist Tyler Mays, who is based in Hillsboro. “It came in on hibiscus plants from a big box store. We worked with the Texas Department of Agriculture and USDA APHIS to get the host plants removed in a timely manner.”“I feel a little better about it,” he added. “But we still have a lot of questions. We started from zero this year; we had some cotton loss but not a complete wipeout.” Timing was a factor.“It came in ’25 in the middle or end of the season, when we’re typically spraying for stink bugs,” he said. “Controlling the leafhoppers is a little more expensive with an extra product, but it doesn’t require an extra trip. An extra trip adds a lot to the cost. If it comes at the same time in ’26, we can manage it.”The cold weather helped.One reason Roberts felt a little better, although he acknowledges the ups and downs, is that South Georgia experienced a hard freeze before Thanksgiving, with temperatures dropping to 27 degrees, which was quite cold for that time of year.read more :- The rupee opened 19 paise higher at 91.75 against the dollar.
Rupee opened 19 paise higher at 91.75./USDIndian rupee opened 19 paise higher at 91.75 per dollar on Tuesday versus Friday's close of 91.94.read more :- State wise CCI Cotton Sales – 2025-26
State-wise CCI Cotton Sales Details – 2025-26 SeasonThe Cotton Corporation of India (CCI) has increased cotton prices in Maharashtra by a total of ₹100 per candy for the 2025-26 season. So far, approximately 3,53,900 cotton bales have been sold by CCI during the 2025-26 season. Sales are highly concentrated in a few major cotton-producing states, emerging as the leading contributors.The CCI has sold a total of approximately 98,81,400 bales during the 2024-2025 season.
Meeting held for textile industry on cotton and EPFThe South India Spinners Association (SISPA), in association with Recycle Textile Federation (RTF), organised a panel discussion on “Current Cotton Scenario, Latest Schemes on EPF & New Labour Codes” recently in Coimbatore in which more than 100 members of SISPA and RTF participated.The sessions were on the cotton scenario, latest updates in Employees’ Provident Fund (EPF), Employees’ State Insurance Corporation (ESIC) schemes, Labour Codes and Factories Act.The discussions on cotton highlighted the prevailing cotton market situation, including availability, price trends, and quality aspects. The participants were advised to closely monitor arrivals, MSP operations, and market movements while planning procurement strategies.On the schemes under EPF, the panellists highlighted the recent updates and schemes and provided clarifications on compliance requirements, online processes, and benefits available to employers and employees. On the benefits of the ESIC, including medical coverage and employee welfare measures, the discussions were on the benefits of SPREE and Amnesty Scheme – 2025. The participants received practical guidance on coverage, contribution norms, and claim procedures.The salient features of the new Labour Codes were also explained at the event with focus on their implications for the textile industry. The industry was asked to prepare for implementation by reviewing internal HR policies, registers, and compliance systems. Key compliance expectations under the Factories Act were also discussed.S. Jagadesh Chandran, secretary, SISPA, highlighted the relevance of such interactive discussions in the present industry context. R. Arun Karthik, president of the SISPA, spoke on the prevailing cotton market scenario, emerging statutory challenges, and the continuous efforts of SISPA to safeguard the interests of member mills. M. Jayabal, chairman, Recycle Textile Federation, explained the importance of compliance and the benefits available to members.read more :- CCI: Cotton purchase figure reached 10 lakh quintals
CCI bought 10 lakh quintals of cottonYavatmal: This season, huge fluctuations are being seen in the market price of cotton, while Cotton Corporation of India (CCI) has purchased up to 10 lakh quintals of cotton in the district under the Market Intervention Scheme.Although the arrival from CCI has decreased this year compared to last year, farmers in the district have so far sold about 1.3 lakh quintals of cotton. Out of this, 10,19,784 quintals of cotton were purchased by CCI, while 3,90,686 quintals of cotton were purchased by private traders.Currently, the price of cotton in the open market is around Rs 8200 per quintal, which is about Rs 330 more than the CCI rate. Because of this, many farmers are preferring to sell cotton to private traders instead of government procurement. Because of this, the pace of purchases from CCI has slowed down.CCI is making purchases at different purchase centers in the district and registration has been done in the names of about one lakh 33 thousand farmers. Of these, 58 thousand farmers have received permission (token) to sell cotton and the remaining farmers are still waiting.If we look at the purchase according to taluka, there will be 9 lakh quintals in Yavatmal, 69 thousand in Kalamb, 52 thousand in Ghatanji, 1 lakh in Pandharkavda, 1.25 lakh in Maregaon, 57 thousand in Jhari, 50 thousand in Darwa, 29 thousand in Ner, 14 thousand in Arni, 3 thousand in Digras, 29 thousand in Pusad and 38 thousand quintals in Mahagaon. Cotton has been purchased. According to experts, increasing the pace of government procurement and timely payment of money to farmers can reduce the pressure on the open market. Otherwise, farmers will once again have to bear the brunt of price fluctuations.read more :- 3.53 lakh bales of CCI sold through online auction
CCI Online Cotton Bales Sale Remain Strong; Over 3.53 Lakh Bales Sold as Prices Rise ₹100 per Candy in Maharashtra For Season 2025-26The Cotton Corporation of India (CCI) witnessed robust trading activity during its online cotton bale auctions held throughout the week, with active participation from both mills and traders. Over the five-day bidding period, CCI raised cotton prices by a cumulative ₹100 per candy in Maharashtra for season 2025-26.Day-wise Sales PerformanceJanuary 19, 2026:CCI began the week with strong sales, disposing of 1,13,500 bales, including 1,12,600 bales from the 2025–26 season and 900 bales from 2024–25.Mills session accounted for 61,700 bales, including 700 older-season bales.Traders purchased 51,800 bales, of which 200 bales were from the previous season.January 20, 2026:The highest sales volume of the week was recorded on Tuesday, with 1,25,500 bales sold. This included 1,17,800 bales from the 2025–26 crop and 7,700 bales from 2024–25.Mills bought 56,600 bales, including 4,200 bales from the older season.Traders emerged as aggressive buyers with 68,900 bales, including 3,500 bales from 2024–25.January 21, 2026:Sales moderated slightly, with total volumes reaching 83,900 bales, comprising 82,200 bales from 2025–26 and 1,700 bales from the previous season.Mills bought 35,700 bales, including 1700 older-season bales.Traders purchased 48,200 bales, all from current season.January 22, 2026:CCI sold 30,600 bales, all belonging to the current season.Mills purchased 22,100 bales.Traders accounted for 8,500 bales.January 23, 2026:The week concluded with sales of 11,000 bales, including 10,700 bales from 2025–26 and 300 bales from 2024–25.Mills bought 8,300 bales, including 100 older-season bales.Traders purchased 2,700 bales, including 200 bales from 2024–25.Weekly OverviewOverall, CCI achieved total sales of approximately 3,53,900 bales during the week, including 10,600 bales from the 2024–25 season. The steady offloading of stocks and upward price revision underline firm demand from the domestic textile industry, even as prices remain at elevated levels.read more :- Rupee falls 42 paise to close at 91.94 per dollar
| title | Created At | Action |
|---|---|---|
| Rupee open Falls 20 Paise to 91.99/USD | 29-01-2026 17:30:08 | view |
| Indian yarn increased the troubles of Bangladeshi textile industry | 29-01-2026 00:30:45 | view |
| Rupee closed down by 19 paisa at 91.79 per dollar | 28-01-2026 22:42:37 | view |
| India-EU FTA to boost textile exports and employment | 28-01-2026 18:33:53 | view |
| Rupee opened 12 paise stronger at 91.60 per dollar | 28-01-2026 17:25:53 | view |
| High US tariffs: An eye on apparel sector's budget | 27-01-2026 23:36:01 | view |
| India-EU trade deal boosts textile and chemical stocks | 27-01-2026 23:19:11 | view |
| The rupee closed 03 paisa higher against the dollar at 91.72 | 27-01-2026 22:40:40 | view |
| "Trump's decision: 25% tariff imposed on South Korea" | 27-01-2026 19:44:31 | view |
| Big decline in cotton production in Maharashtra, Khandesh's ginning industry in crisis | 27-01-2026 19:30:04 | view |
| Jacid alert in cotton cultivation in 2026 | 27-01-2026 17:57:59 | view |
| The rupee opened 19 paise higher at 91.75 against the dollar. | 27-01-2026 17:28:36 | view |
| State wise CCI Cotton Sales – 2025-26 | 24-01-2026 22:25:23 | view |
| Meeting on cotton and EPF for textile industry | 24-01-2026 18:33:13 | view |
| CCI: Cotton purchase figure reached 10 lakh quintals | 24-01-2026 18:17:57 | view |
| 3.53 lakh bales of CCI sold through online auction | 24-01-2026 01:07:31 | view |
