PAKISTAN COTTON MARKET UPDATESpot recovers slightly in process of sizeable activityThe Spot Rate Committee of the Karachi Cotton Association on Thursday increased the spot rate by Rs 50 per maund and closed at Rs 13250 per maund.The local cotton market remained stable and the volume remained satisfactory.The Spot Rate Committee of the Karachi Cotton Association on Thursday increased the spot rate by Rs 50 per maund and closed it at Rs 13250 per maund. The polyester fiber was available at Rs 222 per kg.The rate of cotton in Sindh is in between Rs 12400 to Rs 12500 per maund and the rate of cotton in Punjab is in between Rs 13300 to Rs 13500 per maund.The rate of the new crop of Phutti in Sindh was in between Rs 4500 to Rs 5800 per 40 kg. The rate of Phutti in Punjab is in between Rs 5000 to Rs 5800 per 40 kg. The rate of Banola in Sindh is in between Rs 1650 to Rs 1750 per maund. The rate of Banola in Punjab is in between Rs 1650 to Rs 1800 per maund. The rate of cotton in Balochistan is in between Rs 13100- 13200 per maund. The rate of Phutti in Balochistan is Rs 6000- 6800 per maund.
ICE COTTON SUMMARYCotton slips as stronger dollar offset higher exportsICE cotton futures fell for a second straight session on Thursday, as a firmer U.S. dollar overshadowed a weekly federal report showing higher export sales.“The exports report was pretty good, especially with more sales to China, but a stronger dollar index is not helping,” said Jim Nunn, owner of Tennessee-based cotton brokerage Nunn Cotton.The dollar rose 0.5% against key rivals, helped by upbeat U.S. retail sales data. A stronger dollar makes greenback-denominated cotton costlier for buyers holding other currencies.The U.S. Department of Agriculture’s weekly export sales report showed exports of 237,500 running bales (RB) of cotton, up 53% from the previous week, with increases primarily for China, Pakistan and Vietnam.“U.S. harvest pressure is imminent and, in the absence of significant tropical activity, should move lower over the near- to medium-term,” Louis Rose, director of research and analytics at Tennessee-based Rose Commodity Group, said in a note.“The December contract should experience resistance near 95 - 96 cents and then near 97 cents and support near 89 - 90 cents and 85 - 86 cents over the near-to-medium term.”Total futures market volume fell by 1,835 to 10,952 lots. Data showed total open interest gained 194 to 273,386 contracts in the previous session.Certificated cotton stocks deliverable as of Sept. 13 totalled 64,455 480-lb bales, unchanged from 64,455 in the previous session. SiS Commited to update you on all textile related news real time.
All India Weather Forecast for September 17, 2021Weather systems made across the countryA low pressure area is persisting over central parts of North Madhya Pradesh.A Cyclonic Circulation is persisting over Southern parts of Gujarat. A trough is passing through a cyclonic circulation over Gujarat to Gangetic West Bengal, over central parts of North Madhya Pradesh.Weather movement across the country during the last 24 hoursDuring the last 24 hours, Andaman and Nicobar Islands experienced moderate to heavy rain with very heavy rainfall at a few places. Light to moderate rain occurred in some parts of East and Central Uttar Pradesh, parts of Madhya Pradesh, Chhattisgarh and parts of Kerala and Gangetic West Bengal. Light to moderate rain occurred over Assam, Meghalaya, Arunachal Pradesh, Gangetic West Bengal, parts of Bihar, Jharkhand, North Odisha, parts of Tamil Nadu, Lakshadweep, Himachal Pradesh and parts of East Gujarat and Southeast Rajasthan.Light rain occurred at isolated places over Jammu and Kashmir, Uttarakhand, parts of Delhi and NCR, Saurashtra, Kutch, Konkan and Goa, Coastal Karnataka, South Interior Karnataka and Telangana and Sub-Himalayan West Bengal.Possible weather activity during next 24 hoursDuring the next 24 hours, light to moderate rain at a few places with isolated heavy falls very likely over parts of Uttar Pradesh, Uttarakhand, Madhya Pradesh and Andaman & Nicobar Islands.Light to moderate rain is possible over Madhya Pradesh, East Gujarat, parts of Jharkhand, Delhi NCR and isolated parts of Himachal Pradesh. Light rain is possible over Gangetic West Bengal, Odisha, Saurashtra and Kutch, Southeast Rajasthan, Konkan and Goa, Coastal Karnataka, Kerala, South Interior Karnataka, Lakshadweep and Tamil Nadu.
U.S. EXPORT SALES FOR WEEK ENDING 09/09/2021Cotton: Net sales of 284,800 RB for 2021/2022 were down 37 percent from the previous week, but up 9 percent from the prior 4-week average. Increases were primarily for China (183,900 RB), Pakistan (33,800 RB), Turkey (17,600 RB), Peru (12,300 RB), and Vietnam (10,100 RB, including 1,300 RB switched from Japan). Exports of 237,500 RB were up 53 percent from the previous week and 27 percent from the prior 4-week average. The destinations were primarily to China (86,600 RB), Pakistan (39,200 RB), Vietnam (35,600 RB), Bangladesh (25,000 RB), and Turkey (13,700 RB). Net sales of Pima totaling 9,600 RB were down 21 percent from the previous week and 26 percent from the prior 4-week average. Increases were primarily for India (2,600 RB), Peru (2,400 RB), Indonesia (2,000 RB), China (1,300 RB), and Japan (600 RB). Exports of 3,100 RB were down 74 percent and 57 percent from the prior 4-week average. The destinations were primarily to India (2,500 RB) and China (400 RB). Optional Origin Sales: For 2021/2022, the current outstanding balance of 8,800 RB is for Pakistan. Exports for Own Account: For 2021/2022, the current exports for own account outstanding balance of 4,800 RB is for China (4,700 RB) and Vietnam (100 RB).
Today evening, the rupee depreciated by 3 paise to close at Rs 73.52 against the dollar.Sensex rises 418 points to close above 59000 mark for the first timeToday the stock market closed with a record high. Today, where the Sensex closed at the level of 59141.16 points with a record rise of 417.96 points.
PAKISTAN COTTON MARKET UPDATEStable trend amid moderate trade on cotton marketThe local cotton market on Wednesday remained stable and the volume remained satisfactory. Cotton Analyst Naseem Usman told Business Recorder that due to rains in the cotton-growing areas of Sindh and Punjab due to which the supply of Phutti was effected.The Spot Rate remained unchanged at Rs 13200 per maund. The Polyester Fiber was available at Rs 222 per kg.The rate of cotton in Sindh is in between Rs 12400 to Rs 12500 per maund and the rate of cotton in Punjab is in between Rs 13300 to Rs 13500 per maund.The rate of the new crop of Phutti in Sindh was in between Rs 4500 to Rs 5800 per 40 Kg. The rate of Phutti in Punjab is in between Rs 5000 to Rs 5800 per 40 kg. The rate of Banola in Sindh is in between Rs 1650 to Rs 1750 per maund. The rate of Banola in Punjab is in between Rs 1650 to Rs 1800 per maund. The rate of cotton in Balochistan is in between Rs 13100- 13200 per maund. The rate of Phutti in Balochistan is Rs 6000- 6800 per maund.
ICE COTTON SUMMARYCotton edges lower as harvest nears; export sales data in focusICE cotton futures dipped slightly on Wednesday, as traders geared up for the upcoming weekly export sales data, with the harvest season on the horizon.Wednesday’s move is muted as “we are right on the edge of the harvest, and the funds are pretty much loaded on the long side,” said Keith Brown, principal at cotton brokers Keith Brown and Co in Georgia. “We’re probably seeing some producer hedging and price fixation.”Market focus now shifts to the next weekly export sales report from the U.S.Department of Agriculture (USDA), due on Thursday. “The markets are hoping to see that China is back in business,” Brown said about the report. Last week, the USDA reported net sales of 453,000 Running Bales (RB) for 2021/2022 in the week to Sept. 2, of which 261,500 RB were for China.The dollar index eased against its rivals, making cotton less expensive for buyers holding other currencies, limiting its losses.“The remnants of Nicholas will (mostly) spare the mid-south crop but is now bringing unwanted rain across the Gulf Coast region of the southeastern states,” Louis Rose, director of research and analytics at Tennessee-based Rose Commodity Group, said in a note.Tropical depression Nicholas, last reported to be about 165 miles west of New Orleans, Louisiana, is set to dissipate some time on Thursday night or Friday, the U.S. National Hurricane Center (NHC) said.Total futures market volume fell by 10,550 to 7,415 lots. Data showed total open interest gained 1,744 at 273,192 contracts in the previous session. SiS Commited to update you on all textile related news real time.
All India Weather Forecast for September 16, 2021Countrywide weather systemsThe depression over Chhattisgarh and adjoining area has intensified into a well-marked low pressure over the weekend and is now over Northeast Madhya Pradesh and adjoining region. It is expected to rise under low pressure by this evening and move westwards across Madhya Pradesh. The cyclonic circulation over South Gujarat extends up to 5.8 km above mean sea level. The Monsoon Trough is passing through a Well Marked Low Pressure Area over Dwarka, Baroda, Bhopal, Northeast Madhya Pradesh Daltonganj, Digha and then towards South East over East Central Bay of Bengal. A trough is extending from a cyclonic circulation over South Gujarat to Gangetic West Bengal over Northeast Madhya Pradesh over Northeast Madhya Pradesh.Weather movement across the country during the last 24 hoursDuring the last 24 hours, isolated rain with moderate to heavy rains occurred over Gangetic West Bengal and parts of Odisha. Light to moderate rain occurred at isolated places over Chhattisgarh, parts of Jharkhand, parts of Vidarbha, South Madhya Pradesh, Konkan and Goa, Gujarat and Madhya Maharashtra. Andaman and Nicobar Islands, Lakshadweep, parts of Kerala, Coastal Karnataka, Coastal Andhra Pradesh, South and East Rajasthan, remaining parts of Madhya Pradesh, Uttar Pradesh, Bihar, parts of Sikkim and Sub-Himalayan West Bengal. It rained moderately. . Light rain occurred over Delhi NCR, Uttarakhand, Himachal Pradesh, parts of Punjab, isolated parts of Haryana, Telangana, Interior Karnataka and Northeast India.Possible weather activity during next 24 hoursDuring the next 24 hours, Gangetic West Bengal, adjoining parts of North Odisha, Jharkhand, parts of Uttar Pradesh, Bihar, Madhya Pradesh, parts of Uttarakhand, southeast Rajasthan, parts of Gujarat and Andaman and Nicobar Islands Light to moderate rain may occur. Light to moderate rain may occur over parts of Himachal Pradesh, Sikkim, Sub-Himalayan West Bengal, North East India, Delhi parts of Punjab, Haryana, remaining parts of Rajasthan, Konkan and Goa, Coastal Karnataka, Kerala, Lakshadweep and Vidarbha. Light rain is possible over Andhra Pradesh, Interior Karnataka, Telangana, Jammu and Kashmir and Ladakh.
Rupee opens 6 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 6 paise at Rs 73.43 against the dollar. At the same time, the rupee on Thursday closed at Rs 73.49 with a gain of 19 paise against the dollar.Sensex opened at record level with a gain of pointsToday the stock market opened at a record level. Today the BSE Sensex rose by about 80.46 points to open at a record level of 58803.66 points. On the other hand, the Nifty of NSE opened at a record level of 17547.30 points with a gain of 27.80 points.
Today evening, the rupee strengthened by 19 paise to close at Rs 73.49 against the dollar.Sensex sets new record of uptrend, increases by 476 pointsToday the stock market closed at a record level with a boom. Today, where the Sensex closed at a record level of 58723.20 points with a gain of about 476.11 points. On the other hand, the Nifty closed at a record level of 17519.50 with a gain of 139.50 points.
Cotton harvest likely to be delayed amid flooding in Saurashtra region in GujaratHeavy rains impact moong, urad, sesame and groundnut crops prospectsThe latest spell of heavy rains in Gujarat may appear to have saved the State from sinking into a drought, but for the current kharif crops such as cotton, it has pushed back the harvest period by at least 15 days and also weakened the prospects of kharif groundnut due to waterlogging.Incessant rains, which started on Sunday and lasted till Tuesday morning in most parts of the Saurashtra region, has left the rivers swollen and fields flooded. “Early sown groundnut was ready for harvest. And in such water-logging, it will surely rot. Some of the late-sown groundnut won’t be much impacted,” said Ramesh Bhoraniya, a farmer from Rajkot.He also expressed concerns about the rains pushing back the first picking for the cotton crop. “The cotton bolls didn’t get a chance to open up. So, we don’t see that happening unless we have enough heat and sunlight. So, there will be a delay in first picking,” he said.Saurashtra has about 15.58 lakh hectares under cotton – about 70 per cent of the State’s total cotton area of 22.51 lakh hectares. For Groundnut too, Saurashtra has about 80 per cent or 15.34 lakh hectares of State’s total 19.09 lakh hectares.According to farmer sources, short-duration crops such as moong and urad were ready for harvest and may have faced the monsoon fury. The two pulses have an area of about 16,000 hectares and 29,200 hectares respectively. The two crops had seen encouraging sowing with urad cultivation up 50 per cent over last year and Moong area up by about 4 per cent.Also, another concern is for the sesame-seed crop. Saurashtra commands largest area in the State for sesame-seed cultivation at 50,500 hectares. “Sesame seed were ready for harvest. And the flooding would spoil the crop,” said another farmer.The Gujarat government will conduct a survey for the crop damage. Total kharif sowing in the State has reached 82.83 lakh hectares, which is about 3 per cent lower than last year’s 85.11 lakh hectares. Both the major kharif crops Groundnut and cotton area has dropped marginally as compared to last year owing to delayed monsoon
Rupee opens 1 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 1 paise at Rs 73.67 against the dollar. At the same time, on Tuesday, the rupee closed at a level of Rs 73.68 with a weakness of 1 paise against the dollar.Sensex rises again, opens up 105 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 105.27 points to open at the level of 58352.36 points. On the other hand, the Nifty of NSE opened with a gain of 21.30 points at the level of 17401.30 points.
Cotton Corporation India, Navi Mumbai NotificationAppeal to Cotton BuyersCCI is extending attractive lifting period of 90 days on buying of just 5000 bales for MSME mills category, 10,000 bales for other spinning mills and 50,000 bales for Cotton Traders. The benefit of the scheme is available upto 30th September 2021. Therefore our esteemed buyers are advised to plan their purchases accordingly.
All India Weather Forecast for September 15, 2021Countrywide weather systemsDepression remains over Interior Chhattisgarh and adjoining parts of Madhya Pradesh. It will move in a west-northwest direction and may weaken into a rail track low pressure area. A low pressure area remains over Gujarat. The associated cyclonic circulation is up to 5.8 above mean sea level.Weather movement across the country during the last 24 hoursDuring the last 24 hours, Monsoon remained vigorous over Gujarat and Odisha. These states received very heavy rains with moderate to heavy rains. Light to moderate rain occurred at isolated places over Chhattisgarh, parts of Madhya Pradesh, Konkan and Goa, Madhya Maharashtra, parts of Uttarakhand and Haryana and West Assam. Light to moderate rain occurred over Himachal Pradesh, Jammu and Kashmir, Punjab, remaining parts of Haryana, Bihar, West Bengal, remaining parts of Chhattisgarh, parts of Rajasthan, Marathwada, Karnataka, Kerala, Andaman and Nicobar Islands and parts of Telangana. .Light rain occurred at isolated places over West Rajasthan, Northeast India, Andhra Pradesh, Lakshadweep, Uttar Pradesh, Bihar and Tamil Nadu.Possible weather activity during next 24 hoursDuring the next 24 hours, light to moderate rain with isolated heavy falls very likely over parts of Odisha, Chhattisgarh, Madhya Pradesh, Gujarat, southeast Rajasthan, Andaman & Nicobar Islands and parts of Uttar Pradesh. Light to moderate rain is likely over West Bengal, Jharkhand, Konkan & Goa, parts of Vidarbha, isolated parts of Telangana, Coastal Karnataka, Kerala, parts of Uttarakhand, Sikkim and Coastal Andhra Pradesh.One or two moderate rains may occur over remaining parts of Himachal Pradesh, Jammu and Kashmir, Interior Karnataka, Lakshadweep, Delhi, Haryana, Punjab, Bihar and Rajasthan.
Today evening the rupee closed at Rs 73.68 with a weakness of 1 paise against the dollar.Sensex rises 69 points to closeToday the stock market closed sharply. Today, where the Sensex closed at the level of 58247.09 points with a gain of about 69.33 points. On the other hand, Nifty closed at the level of 17380.00 points with a gain of 24.70 points.
Rupee opens 5 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 5 paise at Rs 73.62 against the dollar. At the same time, on Monday, the rupee closed at Rs 73.67 with a weakness of 17 paise against the dollar.Sensex rises again, opens up 250 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 249.89 points to open at the level of 58427.65 points. On the other hand, the Nifty of NSE opened with a gain of 54.70 points at the level of 17410.00 points.
| title | Created At | Action |
|---|---|---|
| PAKISTAN COTTON MARKET UPDATE | 17-09-2021 17:38:10 | view |
| ICE COTTON SUMMARY | 17-09-2021 17:37:42 | view |
| All India Weather Forecast for September 17, 2021 | 17-09-2021 17:37:05 | view |
| U.S. EXPORT SALES FOR WEEK ENDING 09/09/2021 | 17-09-2021 01:10:05 | view |
| Today evening, the rupee depreciated by 3 paise to close at Rs 73.52 against the dollar. | 16-09-2021 23:22:05 | view |
| PAKISTAN COTTON MARKET UPDATE | 16-09-2021 19:09:02 | view |
| ICE COTTON SUMMARY | 16-09-2021 19:08:37 | view |
| All India Weather Forecast for September 16, 2021 | 16-09-2021 19:08:09 | view |
| Rupee opens 6 paise stronger against dollar | 16-09-2021 18:08:24 | view |
| Today evening, the rupee strengthened by 19 paise to close at Rs 73.49 against the dollar. | 16-09-2021 00:25:12 | view |
| Cotton harvest likely to be delayed amid flooding in Saurashtra region in Gujarat | 16-09-2021 00:11:26 | view |
| Rupee opens 1 paise stronger against dollar | 15-09-2021 20:23:03 | view |
| Cotton Corporation India, Navi Mumbai Notification | 15-09-2021 20:21:11 | view |
| All India Weather Forecast for September 15, 2021 | 15-09-2021 18:29:39 | view |
| Today evening the rupee closed at Rs 73.68 with a weakness of 1 paise against the dollar. | 15-09-2021 00:24:17 | view |
| Rupee opens 5 paise stronger against dollar | 14-09-2021 18:28:21 | view |
