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Cotton Prices Rise on Strong Demand

Cotton Prices Surge in India Driven by Global Signals and Strong DemandCotton prices in India continue to rise, fueled by strength in global markets and growing domestic demand. On Monday, citing limited stocks and robust buying by spinning mills, the Cotton Corporation of India (CCI) raised cotton prices by ₹700 per candy (356 kg). Over the past two weeks, CCI prices have seen a cumulative increase of approximately ₹1,400 per candy.According to Ramanuj Das Boob, a sourcing agent based in Raichur, sowing has been affected by the delayed monsoon, raising concerns that the arrival of the new crop will also be delayed. This is putting pressure on existing stocks. Activity in the resale market has also intensified due to strong demand. Prices for pressed bale cotton are hovering around ₹67,500–68,500 per candy, while quotes from resellers and multinational companies are running about ₹1,000 higher than CCI rates.CCI sales remain robust. Approximately 2 lakh bales were sold last week, while sales on Monday were estimated at around 70,000 bales. To date, total CCI sales are estimated at around 91.5 lakh bales, with unsold stock standing at approximately 14 lakh bales.By last Friday, the cotton acreage in the country had crossed 106 lakh hectares. Acreage increased in Gujarat, Telangana, Madhya Pradesh, Andhra Pradesh, Tamil Nadu, and Odisha, while declines were recorded in Maharashtra, Karnataka, and Rajasthan.Indian cotton is also receiving support from the international market. December cotton futures on the ICE are trading around 84 cents per pound. A weaker dollar, weather-related concerns in key US cotton-producing regions, a potential reduction in global stocks, and improved demand have bolstered the market.According to experts, cotton consumption has strengthened due to rising yarn demand in both domestic and export markets and increased production of coarse-count yarn. By the end of September, India's closing stock could drop to around 75–80 lakh bales.read more :- The rupee opened 10 paise weaker against the dollar at 95.39.

Australian Cotton Gains Global Edge

Small but Mighty: How Australian Cotton is Achieving New GoalsAlthough Australia produces only a small fraction of the world's total cotton, it holds a formidable global reputation for quality.In an era where agricultural innovation and strategic thinking are essential, Australia produces some of the world's finest cotton. Superior varieties, favorable natural conditions, farmer expertise, and strong demand have all played pivotal roles in this success.James Barlow, a Nutrien customer and cotton farmer from Gunnedah, has been growing cotton for the past decade. According to him, cotton integrates seamlessly into his irrigation system; it offers healthy profit margins and provides beneficial weed control. Thanks to double-cropping practices, he can grow a winter crop alongside cotton within the same year.A warm, dry autumn in 2026 created near-ideal conditions for cotton picking. According to the Australian Cotton Shippers Association, average yields reached approximately 12–14 bales per hectare, with quality remaining consistently high across all regions. Fiber length and strength were also excellent.The identity of Australian cotton extends beyond just quality; the industry has long prioritized sustainability and efficient water use. In 1991, it became the first sector in Australian agriculture to undergo an independent assessment of its environmental impact.Today, every cotton bale bears a unique barcode, enabling full traceability of its origin and production area.Potential shortages in global supply, rising synthetic fiber prices, and the growing demand for sustainable products are creating new opportunities for Australian cotton.read more :- Heavy Rains Damage 2.75 Lakh Hectares

Heavy Rains Damage 2.75 Lakh Hectares

Heavy Rains in Maharashtra Affect Crops Across 2.75 Lakh HectaresPune: Farmers in Maharashtra have suffered significant losses due to continuous heavy rainfall. According to preliminary reports from the State Agriculture Department, crops across approximately 2.75 lakh hectares of agricultural land have been affected so far. This figure includes about 75,000 hectares impacted in just the last few days. The extent of the damage could rise further as the rains continue.The Agriculture Department reports that the Vidarbha and North Maharashtra regions have sustained the most damage. Crops such as cotton, soybean, maize, moong (green gram), urad (black gram), arhar (pigeon pea), bajra (pearl millet), jowar (sorghum), vegetables, sugarcane, bananas, papayas, and lemons have been affected.Among the districts, Amravati is the worst-hit, with reports of crop damage spanning over 71,909 hectares. Jalgaon has seen damage across more than 50,000 hectares, while Yavatmal has reported damage to over 25,803 hectares.State Agriculture Commissioner Suraj Mandhare stated that damage reports are still coming in from various villages; consequently, the total affected area could increase. The Agriculture Department is currently assessing the crop damage in the affected villages.The Konkan region has also been impacted by heavy rains. In Raigad, over 2,000 hectares of paddy nurseries have suffered damage. This situation may force farmers to prepare nurseries again and could delay paddy transplantation.Farmers note that the impact of the damage may persist even after the rain stops. Prolonged waterlogging in fields can damage plant roots and increase the risk of crop diseases.Agricultural experts have advised farmers to drain excess water from their fields and monitor crops for signs of disease. The actual extent of the damage caused by the rains will only be known once a detailed survey is completed.read more :- Textile Sector Needs Policy Reforms

Textile Sector Needs Policy Reforms

Policy Reforms Needed to Boost Textile Industry Competitiveness: Parliamentary CommitteeAmidst uncertainty regarding tariffs and declining demand in the US market, an Indian parliamentary committee has recommended robust policy and financial support to enhance the competitiveness of the textile and apparel industry. The committee has emphasized the need for the industry to rapidly diversify into areas such as technical textiles, man-made fibers (MMF), sustainable textiles, home furnishings, and high-value garments.The Parliamentary Standing Committee on Commerce, chaired by Rajya Sabha MP Dola Sen, tabled its 200th report on the ‘Evaluation of India-US Trade Relations’ in both Houses of Parliament. The report assesses the challenges faced by Indian exporters due to US tariff measures and suggests several steps to strengthen export competitiveness.The committee has recommended accelerating the implementation of PM MITRA parks, the Production Linked Incentive (PLI) scheme, and the Samarth scheme to modernize the textile sector and boost productivity. Additionally, it has suggested establishing dedicated MMF manufacturing clusters within the new PM MITRA parks, enabling MSMEs to easily access synthetic raw materials locally and align production with global demand.The report calls for increased support under schemes such as RoDTEP, RoSCTL, the Interest Equalization Scheme, and other export incentive programs. It also emphasizes ensuring the speedy disbursement of concessional working capital, export credit, credit guarantees, and other financial assistance to textile MSMEs.The committee has suggested considering an emergency relief program under RoSCTL for exporters affected by demands for price cuts from US buyers. Furthermore, it has recommended developing government-subsidized textile warehousing hubs at key US shipping entry points, as well as green-channel and fast-track customs corridors at Indian ports. For the carpet and handloom sectors, the committee has emphasized boosting export support through trade fairs, branding, GI promotion, buyer-seller meets, digital marketing, and design innovation.The committee has also recommended technology upgrade grants and a special market-linked incentive scheme for textile exporters, enabling the industry to diversify its product range in line with the evolving preferences of US consumers and strengthen its competitiveness in the global market.read more :- The rupee opened 4 paise stronger against the dollar at 95.17.

US Senate Russia Sanctions Bill

Will a 100% tariff be imposed on India soon? The US Senate has approved a bill regarding sanctions on Russian oil.The US Senate has passed a bill—by a vote of 86 to 11—authorizing the imposition of tariffs of up to 100% on countries that purchase oil, gas, and other products from Russia. Supporters of the bill have identified India as one of the five nations to which this provision could apply. However, this does not mean that a 100% tariff will be immediately imposed on India.The proposed legislation is titled the ‘Lindsey O. Graham Sanctioning Russia and Iran Act 2026.’ Under this act, countries such as China, India, Slovakia, Hungary, and Azerbaijan could face action. While the bill sets a maximum tariff limit of 100%, the responsibility for determining the actual rate would lie with the US Trade Representative (USTR).The President would also have the authority to grant exemptions to any country based on national interest. Additionally, the policy would be subject to review every 180 days.India maintains that purchasing oil from Russia is essential for its energy security and domestic needs. New Delhi has described US pressure regarding energy purchases from Russia as unjustified.The US has previously imposed additional tariffs on India over Russian oil purchases, though these were later removed during trade negotiations. Now, following the Senate's approval, pressure on India is likely to mount once again.As of now, the bill has not yet become law. Following Senate approval, it must proceed to the House of Representatives. It can only become law after passing there and receiving the President's signature.Therefore, the imposition of a 100% tariff on India is not a certainty at this stage. Even if the bill becomes law, the specific tariff rate would be determined separately. In short, while there is a potential risk of a 100% tariff on India, it is not yet a definite outcome.read more :- Centre Spends ₹69,860 Crore on Cotton

Centre Spends ₹69,860 Crore on Cotton

Centre Spent ₹69,860 Crore on Cotton Procurement in Telangana: Kishan ReddyHyderabad: Union Minister for Coal and Mines G. Kishan Reddy stated on the occasion of National Handloom Day that the Central Government has spent over ₹69,860 crore on procuring cotton from farmers in Telangana under the Minimum Support Price (MSP) mechanism.Kishan Reddy said that the PM MITRA Mega Textile Park being developed in Warangal will integrate traditional textile techniques with modern machinery and technology. This will boost the textile and handloom sectors in the state and create new employment opportunities.He noted that the Modi government is advancing the '5F' vision for the textile sector alongside the 'Make in India' initiative. This vision emphasizes the journey from Farm to Fibre, Fibre to Factory, Factory to Fashion, and Fashion to Foreign markets. The objective is to strengthen the textile value chain from the farm to the global market. Kishan Reddy mentioned that incentives worth approximately ₹9 lakh crore are being provided for the sector's development up to 2030.According to the Minister, initiatives such as the PLI scheme, PM MITRA Park, National Handloom Development Program, Raw Material Supply Scheme, and Mudra Yojana are being implemented to support weavers. Through these schemes, assistance is being provided in areas including modern looms, raw materials, worksheds, design development, marketing, credit, and social security.He stated that the use of technologies like Artificial Intelligence, automation, and advanced analytics is being increased in the handloom and textile sectors. This will help improve productivity, quality, and market access. Kishan Reddy noted that this sector provides direct and indirect employment to approximately five crore people.Ramchandra Rao Extends Greetings to WeaversTelangana BJP President N. Ramchandra Rao extended his best wishes to weavers, artisans, and their families on National Handloom Day. He stated that regions such as Narayanpet, Kothakota, Gadwal, Pochampally, and Sircilla are renowned both within the country and abroad for their distinctive handloom traditions. He urged people to purchase and wear handloom products.Organizational MeetingAn organizational meeting of the Telangana BJP also took place at the party's headquarters in New Delhi. Several senior leaders attended the meeting, including National President Nitin Nabin, Kishan Reddy, N. Ramchandra Rao, Union Minister of State for Home Affairs Bandi Sanjay Kumar, and K. Laxman. Telangana in-charge Abhay Patil and State General Secretary (Organization) Chandrashekhar Tiwari were also present.read more :- Nandurbar Kharif Sowing Stalls

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