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Rupee gains 4 paise at 82.00 against US dollarThe Indian rupee on Monday opened higher by 4 paise against the US dollar amid increased risk appetite and FII inflows into domestic equities. The local unit opened higher at 82 per dollar as compared to its previous close of 82.04.

Rupee strengthened by 2 paise against dollarRupee strengthened by 2 paise to close at 82.04 against the dollar.Sensex up 803 pointsToday the stock market closed with a boom.The Sensex closed at 64,718.56, up 803 points or 1.26 per cent.The Nifty closed at 19,189.05, up 217 points or 1.14 percent.

Pakistan: Cotton market moves strong with trend uptrend.LAHORE: The local cotton market remained stable on Tuesday with satisfactory trading volume.Cotton analyst Naseem Usman said that the rate of new cotton crop in Sindh is between Rs 17,500 to Rs 17,800 per head. The rate of footi in Sindh is between Rs 7,000 to Rs 8,000 per 40 kg. The rate of cotton in Punjab is between Rs 18,000 to Rs 18,500 per head and the rate of foot is between Rs 8,000 to Rs 9,200 per 40 kg.About 800 bales of Hyderabad, 800 bales of Mirpur Khas, 2600 bales of Tando Adam, 1200 bales of Sanghar, 600 bales of Shahdadpur were sold for Rs.17,500 to Rs.17,700 per head, 400 bales of Burewala were sold for Rs.18,500. Chichavatni 200 bales, Haasilpur 200 bales, Sadiqabad 200 bales, Miyan Channu 200 bales were sold at Rs 18,500 per head, Khanewal 400 bales at Rs 18,400 to Rs 18,500 per head and 200 bales were sold at Rs 18,500 per head. Murid Wala sold at the rate of Rs 18,500 per head.The spot rate remained unchanged at Rs 17,500 per head. Polyester fiber was available at Rs 355 per kg.

Rupee opens 5 paise higher at 82.01 against the US dollarThe Indian rupee opened 5 paise higher against the US dollar on Friday.  The local unit started trading at 82.01 a dollar as compared to the previous close of 82.06.

New trouble after Rs 15 price hike under the guise of BIS!Foreign yarn companies not registered with BIS, import stopped from 3rdBIS mark is being made mandatory on yarn from 3rd and the price of yarn is likely to increase again due to which there are rumors of price hike. It was also stated by various organizations that preparation was necessary before the yarn was brought under the purview of BIS. From July 3, the supply of high quality yarn coming to Surat or India from abroad will be stopped as no yarn supplier or manufacturer has done so so far. Has been registered with the Bureau of Indian Standards. It will take another 6 months to complete this process. In such a situation, there is a possibility of stalling the production. On the other hand foreign thread will stop coming to India. Yarn prices have increased under the guise of BIS.At present there is a shortage of 40 percent yarn in the market. Most of the yarn comes from abroad. While foreign companies have not got the BIS mark, local investors are taking advantage of it.

Agriculture Minister said, Punjab transferred ₹ 3.23 crore cotton seed subsidy to 17 thousand farmersMinister Gurmeet Singh Khudian informed that fulfilling the state government's promise of providing 33% subsidy on cotton seeds certified by Punjab Agricultural University (PAU), the department has transferred the funds through DBT system.The Punjab Agriculture Department on Wednesday said it has transferred ₹3.23 crore of cotton seed subsidy to the bank accounts of over 17,673 farmers.Minister Gurmeet Singh Khudian informed that fulfilling the state government's promise of providing 33% subsidy on cotton seeds certified by Punjab Agricultural University (PAU), the department has transferred the funds through DBT system. He said that under the first phase the amount has been released and the remaining amount would be transferred to the eligible farmers shortly.The Agriculture Minister said that preventive measures are also being taken to prevent the attack of white fly and pink caterpillar. "The officials concerned have been directed to conduct frequent field inspections and sensitize the farmers about taking concrete steps to prevent the disease," he added.The department has also pressed into service seven flying squad teams for inter-district checking to ensure supply of quality seeds and pesticides to farmers. The minister clearly stated that strict action will be taken against those found involved in selling spurious seeds and pesticides.

Haryana's cotton yield lowest in 20 years, 'pest-resistant' Bt variety a victim of pests and unseasonal rainsCotton, Paddy are the main crops grown during Kharif season in Haryana. Diseases like pink bollworm and whitefly attack, leaf curl and parawilt are causing the decline in yield.Chandigarh: Haryana has recorded the lowest cotton yield in two decades in 2022-23 even as the state has almost completely adopted genetically modified Bt cotton, which was introduced in northern India in 2005-06 as pest-resistant. , was introduced as a yield-improvement variety.Attacks by pests such as pink bollworm and whitefly as well as diseases such as leaf curl and parawilt, plant burn due to excessive heat in the early days of planting and unseasonal rains have contributed to the decline in yield.Cotton and paddy are the main crops grown in Haryana during the kharif season, covering most of the state's cultivable land. At 295.65 kg lint cotton per hectare, the yield is up 39 per cent from the 761.19 kg per hectare yield in 2013-14, according to state-wise data on the website of the textile commissioner's office.According to the website of the textile commissioner's office, the state's yield was only 286.61 kg in 2002-03, down from the latest numbers. At that time American cotton was being grown in Haryana and the crop was attacked by American bollworm.The idea behind introducing Bt cotton, engineered through the introduction of genes from Bacillus thuringiensis bacteria found in most soils, was to protect the crop from repeated pest attacks.Dr Rishi Kumar, head of the Central Institute of Cotton Research (CICR), Northern Region, an institute of the Indian Council of Agricultural Research (ICAR), said, “There are 1,326 types of pests that attack the crop. Bollgard-2 or BG-2 Bt cotton (currently being used) has been developed to protect against only four (types of pests) – American bollworm, pink bollworm, spotted bollworm and tobacco caterpillar.“So, there are still 1,322 types of pests to attack the crop. Cotton provides the best micro-environment for any kind of insects and pests as it has lots of green leaves, fertilizers which provide nutrition and moisture which helps the organisms to grow,” he said.Former CICR chief Dr. Dilip Monga also said that it would be wrong to blame any one factor for the low production of 2022-23. “Plants got burnt in the initial stage due to extremely hot weather conditions. This reduced the number of plants which ultimately affected the yield. Excessive rains in September led to parawilt and in some cases, waterlogging caused plant damage,” he told ThePrint.Ram Pratap Sihag, joint director (cotton) in Haryana's agriculture and farmers' welfare department, who was tasked with promoting the cotton cultivation scheme, blamed pest attacks and a parawilt situation (sudden drop of leaves) due to excessive rains in September. blamed for the poor yield.multiple pest infestation“While 2017 saw an attack of whitefly, 2018 was hit by an attack of thrips – tiny insects the size of sewing needles that feed on the plant and turn mature leaves coppery brown or red. The next year, the pink bollworm attacked the cotton crop and has been causing damage since then,'' he adds.Asked whether the Bt cotton varieties that came under attack were produced by known brands or some local brands, Kumar said the CICR recommends 40 to 50 brands that comply with the benchmark set by the ICAR. Are.“The average yield of raw cotton in my fields was a little less than 5 quintals. The price of Rs 7,000 per quintal cannot even cover the cost of seeds, pesticides, diesel, tractor rent and labour. At this cost, farmers can think of any profit only when the yield is above 8 quintals per acre,” said Gurdial Mehta, a farmer from Panjuana village in Sirsa. Mehta said that his fields have produced up to 12 quintals of cotton per acre in the past.Haryana and CottonHaryana's yield was slightly better at 351.76 kg per hectare in 2021-22.Out of 30.81 lakh hectares of cultivable land in Haryana, the state agriculture department has set a target of cotton cultivation on 7 lakh hectares in 2023-24. According to the weekly statement released by the Department of Agriculture and Farmers Welfare on June 20, the crop has been sown only in 6.27 lakh hectares."The figures are provisional but we expect the area to be more than 6 lakh hectares... It is still more than last year's 5.75 lakh hectares," said Sihag, quoted earlier.

Pakistan: Strong trend in cotton marketLAHORE: The local cotton market remained stable on Tuesday with satisfactory trading volume.Cotton analyst Naseem Usman said that the rate of new cotton crop in Sindh is between Rs 17,500 to Rs 17,800 per head. The rate of footi in Sindh is between Rs 7,000 to Rs 8,000 per 40 kg. The rate of cotton in Punjab is between Rs 18,000 to Rs 18,500 per head and the rate of foot is between Rs 8,000 to Rs 9,200 per 40 kg.About 800 bales of Hyderabad, 800 bales of Mirpur Khas, 2600 bales of Tando Adam, 1200 bales of Sanghar, 600 bales of Shahdadpur were sold for Rs.17,500 to Rs.17,700 per head, 400 bales of Burewala were sold for Rs.18,500. Chichavatni 200 bales, Haasilpur 200 bales, Sadiqabad 200 bales, Miyan Channu 200 bales were sold at Rs 18,500 per head, Khanewal 400 bales at Rs 18,400 to Rs 18,500 per head and 200 bales were sold at Rs 18,500 per head. Murid Wala sold at the rate of Rs 18,500 per head.The spot rate remained unchanged at Rs 17,500 per head. Polyester fiber was available at Rs 355 per kg.

Rupee weakens by 3 paise against dollarThis evening, the rupee closed at a level of 82.06 against the dollar with a weakness of 3 paise.Sensex up 499 pointsToday the stock market closed with a boom.Today the Sensex closed at a level of 63915.42 points with a gain of about 499.39 points.On the other hand, the Nifty closed at a level of 18972.10 points with a gain of 154.70 points.

Indian cotton prices declined on weak demand, slow yarn movement.Industry experts say buying will increase as prices of fiber and its yarn reach lower levelsCotton prices have declined by about 7.5 per cent in the last month due to its reduced movement and weak demand for yarn. However, industry experts say that once the prices of natural fibers stabilise, the industry may be reassured and return to purchases.“Currently, the situation is bad. There is no movement in cotton bales and yarn due to low demand. Mills are cutting production due to low yarn prices and low demand,” said Ramanuja Das Bubb, a sourcing agent for multinational companies based in Raichur, Karnataka.“Ginning mills (which process raw cotton into lint or cotton bales) have orders for a month. After this they have not received orders yet. Demand is sluggish and yarn exports have slowed down,” said Anand Popat, a Rajkot-based trader of cotton, yarn and cotton waste."Effect of Export"“Global demand has come down and its exports have been affected. The domestic market is unable to absorb the material sent to the domestic market from the export market, said Ravi Sam, president of the Southern India Mills Association (SIMA).Indian Texpreneurs Federation (ITF) convenor Prabhu Dhamodharan said, "The reports are indicating lower inventories of cotton yarn in all major markets including China on year-on-year and historical average basis."Cotton prices are currently at ₹55,500-56,000 per candy (356 kg), down from ₹60,000 a month ago. The model price for cotton (raw cotton) at the Rajkot Agricultural Produce Marketing Committee yard (the rate at which most of the trading takes place) is ₹7,100 per quintal – down ₹200 from earlier this month.On the Multi Commodity Exchange, the August cotton contract was quoted at ₹55,720 per candy. On the Intercontinental Exchange, New York, the July contracts were bidding at 79.63 US cents (around ₹53,000 per candy)."discount for yarn"According to SIMA's Sam, textile exports are expected to decline by 14 per cent and textile shipments by 23 per cent in FY2022-23. Exports of yarn, fabric and made-ups fell 26.7 per cent.He said the declining trend continued in May and overall textile exports declined by 12 per cent.“There is no movement of yarn despite ₹30/kg discount being provided by spinning mills especially to hosiery makers. Mills suffer a loss of ₹15-20 per kg,'' said the SIMA president. The Ukraine war and the economic situation in the US and Europe have complicated the situation.“Spinning mills in North India have stock of yarn for 2 months. Yarn speed is very slow,” said Anand Popat.Bounce from July?“The current market rates will force every player to incur losses. No one is willing to sell cotton or yarn at low prices,” said Das Bub.ITF's Dhamodaran, however, seemed optimistic. “The current fall in yarn prices will encourage some steady buying from international buyers. We are hopeful that with the stabilization of cotton prices, our monthly export numbers will improve further from July onwards,'' he said.Sam said relief measures such as allowing imports without duty and concluding free trade agreements with the European Union and the United Kingdom would help the sector re-emerge.Das Bub said, "Cotton arrivals remain at 65,000-70,000 bales per day and prices are falling to the new MSP rate (₹6,620 per quintal)."Cotton arrivals have been unusually high since April this year - a low arrival season - as farmers held their produce in anticipation of higher prices."Matter of time"Dhamodharan said yarn stocks with domestic buyers are at low levels and they are finding that the current prices are attractive and are showing interest in normal buying."Cotton price stability in a particular range for two more weeks will instill more confidence and trade may return to normal soon," he added.Export bookings are fast but price is a major factor. The only issue is that the prices should be consistent. "That is the factor we need to keep an eye on," said the ITF convenor."It is only a matter of time before demand picks up, provided the Center has the right policies in place," said the SIMA president."sowing blow"Das Bub said the delayed monsoon has affected cotton cultivation as sowing has not yet started in the southern states. However, the area has increased in Saurashtra, Gujarat apart from Rajasthan, Haryana and Punjab.According to the agriculture ministry, cotton cultivation is down 14.2 per cent to 28.02 lakh hectares as of June 23.

Opt for e-NAM facility to sell cotton, agriculture department officials tell Tamil Nadu farmersRamanathapuram: As the price of cotton has come down, agriculture department officials have suggested that farmers sell their produce through the e-NAM facility for better returns. Cotton, which sold at over Rs 100 per kg in the last season, has dropped to Rs 50 per kg in the district due to low demand, forcing farmers to hoard cotton till the price rises. According to the Agriculture Department, an area of over 4,000 hectares was used for cotton cultivation in the district.The price was a little above Rs 60 to Rs 70 per kg at the beginning of the season. Since they have spent thousands of rupees on farming, the farmers are not ready to sell the crop at a low price. Due to the large availability of cotton in the market, the prices have come down. Sources said around 500 tonnes of cotton is yet to come up for sale.Raja, Secretary, Marketing Committee, Agriculture Marketing Department, said, “Though most farmers sell cotton through the e-NAM facility, some farmers sell it in the open markets at a lower price. Enrollment of the crop has been done. Naam Suvidha, cotton samples have been sent to traders in Erode. Farmers of Ramanathapuram can digitally sell their produce to traders in Erode, for which preparations are underway.