The textile industry of the country including Kolhapur is in crisis due to the fear of cheap American cotton coming to India after the India-US trade agreement. Kolhapur: After the new import tax structure between India and America, the textile industry in the country was likely to flourish. But in reality the picture looks different. Cotton prices in India are falling due to the possibility of large-scale import of low-cost cotton from the US after this agreement. The price of yarn has fallen and the demand for fabric has also cooled.The Indian textile industry was going to get relief from America's reduction in import duty on Indian goods from 50 percent to 18 percent. However, this equation has become problematic in some cases in the first stage. With this agreement, some agricultural products of America will be sold in the Indian market. Since cotton is allowed in it, the sensitive Indian textile industry is feeling the impact due to the fear of importing large quantities of American cotton into India.America's cotton problemThe production of BT (genetically modified) cotton in America is double, triple that of India. India imported cotton worth Rs 3,428 crore from America in 2024-25. India, once a major exporter of cotton, has now become an importer of cotton from Brazil, Australia and the United States. After the latest deal, American cotton imports are expected to be at a lower rate than Indian cotton.Losses to mills, farmersCotton prices are currently falling in the country. Analysts say the price of cotton, which was Rs 56,500 per khandi (356 kg) a fortnight ago, has fallen by Rs 1,000 to Rs 55,500 after the agreement. On the other hand, due to fall in cotton prices, farmers who had held cotton in the hope of price increase from CCI (Cotton Corporation of India) are in financial distress.read more :- CCI to buy cotton at MSP by the end of the month
CCI to continue cotton procurement at MSP till month-end.The Cotton Corporation of India (CCI) has decided to continue the procurement of the fibre/yarn crop till the month-end following a request made by the State government.According to Minister for Agriculture Tummala Nageswara Rao, the CCI had so far procured 16.15 lakh tonnes of cotton valued at ₹12,823 crore from over 8.8 lakh farmers. He stated on Saturday that he had written to the Union Textiles Minister, CCI and two Union Ministers from the State G. Kishan Reddy and Bandi Sanjay Kumar requesting them to extend the procurement date since the fourth picking of cotton was still going on.He asked the farming community to make use of the extended deadline for cotton sale and sell their produce to CCI at the minimum support price of ₹8,110 per quintal by following the fair average quality norms. He further stated that 2.24 lakh tonnes of low-quality cotton was also purchased from farmers in the market and another 9.99 lakh tonnes of cotton stocks were still available with farmers.Though there was some opposition from the farming community and ginning mills to the ‘kapas kisan’ app introduced to register their details, the State government had addressed their concerns one by one and made them make use of the app. Booking the details of their produce (cotton) on the app was allowing the farmers to bring the stock to the procurement centre at the appointed/given time and avoid keeping their produce in queues at the procurement centres, the Minister said.A section of the farming community (cotton producers) were worried with the information in circulation that CCI was stopping procurement even before the entire crop/cotton was picked. Now that the CCI had extended the time, the farmers could sell all their produce.According to the agriculture department officials, cotton was raised in 50.7 lakh acres during 2025-26 Kharif season but only 45.32 lakh acres remained safe, as the crop in the remaining extent was damaged badly in the heavy rains and floods. The production of cotton was estimated at 28.29 lakh tonnes from 45.32 lakh acres.read more :- Maharastra :Yavatmal farmers are worried as 25% of cotton is in stock.
Maharastra : 25% cotton still unsold, Yavatmal farmers fear price crash.Yavatmal: With nearly 25% cotton stock still lying at the doorsteps of farmers and traders, concerns are mounting over a possible price crash if the Cotton Corporation of India (CCI) discontinues procurement after February 27.Thousands of farmers had registered and booked slots with CCI in hopes of securing better prices than those offered in the private market. So far, CCI has procured 15,74,462.4 quintals of cotton in the district. However, a significant portion of the produce remains unsold. With only a week left before the procurement deadline, anxiety among farmers has intensified.Yavatmal has traditionally been a major cotton-producing district. This year, cotton was cultivated on nearly five lakh hectares. After suffering severe losses during the 2024-25 season, many farmers were left financially devastated, with little capital to invest in the next crop cycle. Despite this, they borrowed money at high interest rates to continue farming rather than leaving their fields fallow.In several parts of the district, yields dropped drastically. Cotton that usually reaches markets by Dussehra arrived at farmers' homes only around Diwali. As a result, many farmers were compelled to sell their produce to private traders at Rs7,200 per quintal, incurring a loss of nearly Rs800 per quintal compared to the expected rate.Recognising the losses in the private market, farmers registered for CCI procurement, where the price was fixed at Rs8,100 per quintal. However, stringent conditions and procedural hurdles reportedly forced many to sell their cotton to private traders. Several farmers who booked slots with CCI are yet to receive confirmation.With only days remaining for procurement to end, farmers fear that CCI may not be able to purchase the remaining stock in time. If procurement stops, they may once again be forced to sell at lower rates in the private market. Overall, there is apprehension that cotton prices could decline sharply if CCI withdraws from procurement.Bala Nival, a farmers' union leader, stated that unseasonal rains persisted late into the season, and cotton picking is still underway in some areas. He has urged the district's guardian minister to extend the CCI procurement deadline to prevent further financial distress for farmers.read more :- Rupee opens 22 paise higher at 90.76
Rupee opens 22 paise higher at 90.76/USD Indian rupee opened 22 paise higher at 90.76 per dollar on Monday against Friday's close of 90.98.read more :- Cotton Corporation of India (CCI)
State-wise CCI Cotton Sales Details – 2025-26 SeasonThe Cotton Corporation of India (CCI) kept its price unchanged during this week for the 2025-26 season. So far, approximately 3,93,300 cotton bales have been sold by CCI during the 2025-26 season. Sales are highly concentrated in a few major cotton-producing states, Maharashtra and Gujarat emerging as the leading contributors.read more:- 10% global tariff from February 24
President Trump Imposes 10% Global Tariff from February 24US President Donald J. Trump has announced a temporary 10% global import surcharge, citing growing balance-of-payments pressures and risks to economic stability. Issued through a presidential proclamation on February 20, the measure takes effect February 24, 2026, for 150 days unless extended by Congress.The White House said senior advisers found “fundamental international payments problems” requiring special import measures under Section 122 of the Trade Act of 1974. Trump determined the tariff is necessary to correct external imbalances and stabilize the US economy.Officials noted that America’s balance on primary income turned negative in 2024 for the first time in decades, while its net international investment position fell to –90% of GDP. Persistent goods trade deficits of about $1.2 trillion and a widening current account gap of 4% of GDP have raised concerns over financial sustainability.The surcharge will apply to most imports in addition to existing tariffs but excludes key sectors such as critical minerals, energy, pharmaceuticals, aerospace, and vehicles. Imports under the US-Mexico-Canada and Central America trade agreements remain duty-free.The administration stressed the move targets macroeconomic imbalances, not industry protection. The US Trade Representative will monitor its effects and may adjust or end the measure before its July 24 expiry.The action is one of Washington’s most sweeping trade steps in recent years and is expected to draw strong global responses.read more:- Gujarat's textile budget rises to $302 million
Gujarat Raises Textile Outlay to US$ 302 Million in FY ’27 BudgetGujarat has boosted its textile-sector allocation to Rs. 2,755 crore (US$ 302 million) for FY 2026–27 under the Development of Textile Industry scheme, up from Rs. 2,000 crore (US$ 219 million) in 2025–26. Announced by Finance Minister Kanubhai Desai, the rise underscores the State’s focus on consolidating its textile leadership and enhancing MSME competitiveness.The scheme will fund capacity expansion, technology upgrades, and new investments across the value chain. Increased subsidies aim to strengthen industrial infrastructure and scale. Support for cottage industries, handloom, and small-scale units continues through grants, training, and export facilitation.Funding for the Gujarat State Handicraft Development Corporation rises to Rs. 48.05 crore (US$ 5.28 million), with Rs. 23 crore (US$ 2.52 million) set aside for design contests, exhibitions, and promotions. A new Gujarat State Export Promotion Council will be established with Rs. 5.90 crore (US$ 648,000) to boost exports and MSME market access, including through e-commerce integration.Overall, the Budget combines expanded industrial investment with targeted support for traditional sectors and digital export initiatives.Ashish Gujarati, former SGCCI president, said the increased outlay and proposed export council reaffirm the State’s commitment to the Gujarat Textile Policy and MSME growth.read more:- Court decision on tariffs, Trump's Plan B
Trump furious over Supreme Court's decision on tariffs, calls it shameful, says he has a Plan B readyNew Delhi. US President Donald Trump has reacted sharply to the Supreme Court's decision declaring the exorbitant global tariffs illegal. Following the repeal of the global tariffs, the President stated that he has a "backup plan" for penalty tariffs. During a breakfast with US governors at the White House, he described the Supreme Court's decision as "shameful."According to two people familiar with his remarks, Trump told those present that he already has an alternative plan ready after the court's decision. Meanwhile, Trump administration officials had already warned the President to be prepared for the possibility of an adverse ruling and assured him that even if the tariffs are invalidated, there are alternative ways to advance his trade agenda.Trump did not expect this decisionTrump has expressed increasing frustration with the Supreme Court in recent weeks. Several people familiar with the matter said he privately complained that the court was taking too long to deliver its decision. He also repeatedly speculated about the justices' decision.A source familiar with the matter told CNN that Trump had at one point said he did not expect the Supreme Court to strike down the tariffs because the stakes were too high. However, officials within the Trump administration were quietly preparing for defeat and told Trump that even if the court ruled against him, other legal avenues remained available to enforce the trade measures.A Major Setback for Trump's Trade PolicyWhile the US Supreme Court's decision on tariffs is a significant setback for Trump's trade strategy, his statements indicate that the administration intends to move quickly to explore alternative options to keep its economic agenda on track.read more:- US 10% global tariffs; India impacted in deal
US Imposes 10% Global Tariff; India to Pay Under Trade DealThe United States has announced a 10% global tariff, which India is expected to pay under its trade agreement with Washington. A White House official confirmed the tariff “will remain until another authority is invoked,” urging all trade partners to honor existing deals.The move follows a U.S. Supreme Court ruling (6–3) that Donald Trump’s administration exceeded its powers by using the International Emergency Economic Powers Act (IEEPA) to impose broad import duties. In response, Trump called the verdict a “terrible decision” and announced an executive order under Section 122 of the Trade Act of 1974, authorizing temporary surcharges of up to 15% for 150 days to address balance-of-payments issues.Trump said existing Section 232 (National Security) and Section 301 (Unfair Trade) tariffs remain in place. He criticized the Court for being “swayed by foreign interests” and argued the ruling benefits other countries.The Supreme Court’s decision invalidated billions in emergency tariffs, potentially requiring $130–175 billion in refunds. Markets reacted positively, expecting lower inflationary pressure, though optimism was tempered by Trump’s vow to reimpose levies.Trump affirmed that “the India deal is on,” indicating that bilateral tariff adjustments—such as reducing reciprocal rates to 18%—will continue under new legal authority.read more:- CCI keeps cotton prices stable, online auction continues
CCI keeps cotton prices stable, weekly online auction continuesThe Cotton Corporation of India (CCI) recorded total weekly sales of 2,700 cotton bales during the ongoing 2025–26 season, reflecting selective buying interest from mills and traders during the current week.Daily Sales Report 16 February 2026:Mills were the only active participants, purchasing 1,500 bales, while trader participation remained nil. Total sales for the day stood at 1,500 bales.17 February 2026:No transactions were recorded in either the mills or trader session.18 February 2026:Trading activity shifted to the trader segment, which lifted 1,200 bales. Mills did not purchase anything on this day. Total sales were 1,200 bales.19 & 20 February 2026:Both sessions witnessed no buying activity, resulting in zero sales.Cumulative sales :Following the latest auctions, CCI’s total sales reached:3,93,300 bales for the 2025–26 season, and98,82,400 bales for the 2024–25 season.read more:- The rupee closed 38 paise lower against the dollar at 90.98
On Friday, the Indian rupee closed at 90.98 against the dollar, compared to its opening rate of 90.60.At close, the Sensex was up 316.57 points or 0.38 percent at 82,814.71, and the Nifty was up 116.90 points or 0.46 percent at 25,571.25. About 1842 shares advanced, 2167 shares declined, and 153 shares unchangedread more :- Strong future for the cotton spinning industry by 2033
Cotton Spinning Market Poised for Robust Expansion Through 2033The latest report from Coherent Market Insights, titled “Cotton Spinning Market: Trends, Share, Size, Growth, Opportunities, and Forecast 2026–2033,” presents an in-depth assessment of the global cotton spinning industry. This comprehensive study offers valuable insights into key market dynamics, including growth drivers, challenges, regional trends, and the competitive landscape.The report features detailed analyses supported by tables, charts, and figures, highlighting the significant expansion of the cotton spinning market in recent years. Growth has been propelled by rising product demand, a broadening consumer base, and continuous technological innovation across the textile value chain.Key areas covered include market size and segmentation, industry trends, competitive positioning, and future growth prospects. The study also evaluates major developments such as mergers and acquisitions, partnerships, product innovations, and marketing strategies adopted by leading industry playersThe report provides a comprehensive view of the market’s performance across major regions—North America, Europe, Asia-Pacific, South America, the Middle East, and Africa—analyzing production, consumption, and revenue trends. Both historical data and forward-looking projections (2026–2033) are included to offer a complete understanding of market evolution in terms of value and volume.In addition, the analysis explores key macroeconomic influences, regulatory frameworks, and technological advancements shaping the sector. With rising sustainability concerns and digital transformation in textile manufacturing, the global cotton spinning market is expected to experience substantial growth momentum through 2033read more:- Rupee opens 30 paise down at 90.94
Rupee opens 30 paise lower at 90.94/USD Indian rupee opened lower at 90.94 per dollar on Friday versus previous close of 90.67.read more:- Gujarat made a big increase in the textile budget.
India's Gujarat state raises textile outlay by 38% in Budget for FY27India’s western state of Gujarat has announced a sharp increase in financial outlay for the textile sector, with allocation under the Development of Textile Industry scheme rising to ₹2,755 crore (~$302.71 million). The higher outlay signals a strong push to sustain Gujarat’s leadership in textile manufacturing while strengthening export competitiveness and MSME participation.State Finance Minister Kanubhai Desai presented the State Budget for fiscal 2026–27 in the Legislative Assembly on Wednesday in Gandhinagar. The allocation under the Development of Textile Industry scheme has increased from ₹2,000 crore in 2025–26 and ₹2,036.47 crore in 2024–25, reflecting a significant year-on-year expansion in subsidy-driven industrial support.The scheme is expected to facilitate capacity expansion, technology upgradation and investment promotion across the textile value chain. Alongside industrial support, the Budget continues provisions for cottage, handloom and small-scale textile ecosystems through grants, subsidies and institutional assistance, covering cooperative manufacturing, training and research support, and export facilitation for smaller producers.Artisan-focused measures also feature prominently. Financial assistance to the Gujarat State Handicraft Development Corporation has been increased to ₹48.05 crore ($5.27 million) for 2026–27 from ₹41.86 crore in the previous year, aimed at strengthening market access and institutional support. A further ₹23 crore ($2.53 million) has been earmarked for design competitions, exhibitions and promotional initiatives to enhance product innovation and visibility in the handicraft segment.To support export-oriented industries, including textiles and apparel, the Budget proposes establishing the Gujarat State Export Promotion Council with an allocation of ₹5.90 crore (~$6.48 million) to facilitate export development and market expansion. In addition, provisions enabling handloom and handicraft stakeholders to leverage e-commerce platforms indicate an emerging focus on digital market access and diversification.Overall, the Budget underscores a dual strategy of scaling industrial textile investment through a higher core outlay while sustaining traditional and MSME segments through targeted support, export facilitation and digital market initiatives.Ashish Gujarati former President of the Southern Gujarat Chamber of Commerce and Industry (SGCCI) commented on the budget, “The increase in textile allocation from ₹2,000 crore to ₹2,755 crore reflects the State’s continued commitment to implementing the Gujarat Textile Policy and supporting sector growth.” He added that the proposed formation of the Gujarat Export Promotion Council is a positive step that is expected to facilitate higher exports of MSME products by strengthening market access and institutional support.read more:- Central and state budgets to boost MSMEs
*"The Union and State Budgets will strengthen Bhilwara's textile industry," said Riju Jhunjhunwala, who stated that manufacturing exports and MSMEs will receive a boost.*Riju Jhunjhunwala of the RSWM Bhilwara Group expressed his gratitude to the Prime Minister for the Union Budget 2026–27. He described the budget as growth-oriented, encouraging manufacturing, empowering small and medium-sized enterprises, and boosting exports.Jhunjhunwala stated that Bhilwara, recognized as a major textile hub in the country, will directly benefit from this budget. Technology upgrades, the use of modern machinery, infrastructure expansion, transportation improvements, and a special emphasis on skill development will further strengthen textile units here. This will increase production capacity, improve global competitiveness, and create new employment opportunities.He stated that the budget provisions will encourage new investment in Bhilwara. Value addition, the use of green energy, and increased export opportunities will provide new direction and momentum to the local industry.Rajasthan Budget Also PraisedRiju Jhunjhunwala also praised the Rajasthan Budget presented by Deputy Chief Minister and Finance Minister Diya Kumari. He stated that the state budget focuses on infrastructure, industrial development, and strengthening connectivity, which will strengthen the industrial ecosystem in Bhilwara and the entire state.Expressing gratitude to Chief Minister Bhajan Lal Sharma and the state leadership, he said that the current government's efforts have created a positive industrial environment in the state.He expressed confidence that the coordinated efforts of the central and state governments will make Bhilwara's textile sector even stronger and more competitive not only nationally but also globally. read more:- There is no legal guarantee on MSP, the committee will find a middle path.
*The committee is preparing to find a middle ground, not a legal guarantee of MSP; members exert pressure*Several members of the MSP Committee, formed by the central government, have advocated for a system in which farmers receive the Minimum Support Price (MSP) both inside and outside the market. Currently, government and cooperative procurement agencies purchase crops at MSP in the market if the quality of the crop meets the prescribed standards, but this system is not applicable outside the market, i.e., for the private sector. Instead of a system such as a legal guarantee of MSP, the committee members are trying to find a middle ground so that their image among farmers is not tarnished. This was revealed at the committee meeting held in New Delhi on Wednesday.*All meetings have been inconclusive so far*Since the committee's formation on July 22, 2022, seven meetings have been held. Additionally, 35 sub-committees of the committee have met, but its members have not yet reached any conclusions. This is the first meeting of the committee since the formation of the new central government in 2024. The next meeting will be held in March.The committee's members, appointed by farmers' organizations, want to prepare a report and submit it to the government as soon as possible, as the committee has been formed for a long time. Meanwhile, the Kisan Jagriti Yatra of the Samyukta Kisan Morcha (non-political) is underway, demanding a legal guarantee for MSP.*Increased Pressure on MSP*However, the committee's meeting, held after a long time, was chaotic because most of the bureaucrats involved did not want the MSP system to be implemented outside the market. In fact, the officials do not have to go among the farmers to answer, but the farmer leaders have to go among the farmers and the public.Therefore, they do not want to do anything that would lead to criticism from farmers or the general public. Therefore, they are very cautious on the issue of MSP, as it is a very sensitive issue for farmers. Natural farming and crop diversification were also discussed throughout the day-long meeting, but the issue of MSP dominated.The five committee members who had recently pressured the chairman to declare a reserve price for crops remained firm on this issue. They stated that the MSP, which the government itself determines, should be available to farmers both inside and outside the market. It remains to be seen whether the committee chairman will agree with the members or take a different stance.*When and why was the committee formed?*The announcement of the MSP committee regarding MSP was made on November 19, 2021, alongside Prime Minister Narendra Modi's repeal of three controversial agricultural laws. However, the protesters sitting on the Delhi border wanted something in writing. Subsequently, on December 9, 2021, the then Agriculture Secretary, Sanjay Agarwal, issued a letter to farmer organizations, after which the protesting farmers returned to their homes from the Delhi border.Nearly eight months after this announcement, the notification for the formation of the committee came on July 12, 2022. However, the government appointed the same Sanjay Agarwal as the chairman of this committee, during whose tenure as Union Agriculture Secretary, three agricultural laws were introduced and a 13-month-long farmers' movement was carried out.read more :- Maharashtra CM writes to Centre on cotton crisis
| title | Created At | Action |
|---|---|---|
| Indian textile industry worried over cheap US cotton | 23-02-2026 12:52:05 | view |
| CCI to buy cotton at MSP by the end of the month | 23-02-2026 11:46:53 | view |
| Maharastra :Yavatmal farmers are worried as 25% of cotton is in stock. | 23-02-2026 11:32:39 | view |
| Rupee opens 22 paise higher at 90.76 | 23-02-2026 10:31:44 | view |
| Cotton Corporation of India (CCI) | 21-02-2026 22:23:00 | view |
| 10% global tariff from February 24 | 21-02-2026 19:14:23 | view |
| Gujarat's textile budget rises to $302 million | 21-02-2026 18:57:52 | view |
| Court decision on tariffs, Trump's Plan B | 21-02-2026 18:45:46 | view |
| US 10% global tariffs; India impacted in deal | 21-02-2026 18:19:39 | view |
| CCI keeps cotton prices stable, online auction continues | 21-02-2026 00:24:54 | view |
| The rupee closed 38 paise lower against the dollar at 90.98 | 20-02-2026 22:55:52 | view |
| Strong future for the cotton spinning industry by 2033 | 20-02-2026 19:51:51 | view |
| Rupee opens 30 paise down at 90.94 | 20-02-2026 17:48:41 | view |
| Gujarat made a big increase in the textile budget. | 19-02-2026 22:35:17 | view |
| Central and state budgets to boost MSMEs | 19-02-2026 22:17:03 | view |
| There is no legal guarantee on MSP, the committee will find a middle path. | 19-02-2026 19:11:25 | view |
