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Pakistan: The uptrend continues in the cotton marketLAHORE: The spot rate committee of the Karachi Cotton Association (KCA) on Wednesday hiked the spot rate by Rs 300 per head and closed it at Rs 19,800 per head. The local cotton market remained firm and the trading volume was satisfactory.Cotton analyst Naseem Usman said that the rate of new crop of cotton in Sindh is Rs 19,800 to Rs 20,800 per maund. The rate of footi in Sindh is between Rs 8,200 to Rs 9,200 per 40 kg. In Punjab, the rate of cotton is Rs 20,000 to 20,300 per maund and the rate of cotton is Rs 8,500 to 9,500 per 40 kg. Cotton rates in Balochistan range from Rs 19,700 to Rs 19,800 per maund while cotton rates range between Rs 10,000 to Rs 10,500 per 40 kg.About 800 bales of Akri Haider Shah, 800 bales of Kotri Kabir, 600 bales of Rani Pur were sold between Rs 19,950 to Rs 20,000 per maund, 2800 bales of Saleh Pat were sold between Rs 19,700 to Rs 20,000 per maund, 800 bales of Rohri Sold between Rs 19,800 to Rs 20,000 per maund, 400 bales of Peer Vasan were sold between Rs 19,950 per maund, 200 bales of Sui Gas, 200 bales of Mehraab Pur, 200 bales of Rasulabad, 400 bales of Hingorja were sold. At the rate of Rs 19,975 per maund, 2600 bales of Sanghar were sold at Rs 19,500 to Rs 19,600 per maund, 200 bales of Mirpur Khas were sold at Rs 19,600 per maund, 200 bales of Nouabad were sold at the rate of Rs 19,400 per maund. 2800 bales of Tando Edam were sold at Rs 19,300 to Rs 19,500 per maund, 2800 bales of Shahdad Pur were sold at Rs 19,300 to Rs 19,500 per maund, 800 bales of Sarkand were sold at Rs 19,500 to Rs 19,800 per maund, 900 bales of Murid were sold at Rs 19,500 to Rs 19,800 per maund. Wala, 200 bales of Yajman Mandi, 1400 bales of Lodhran, 200 bales of Mungi Bangla, 400 bales of Dera Ghazi Khan, 600 bales of Chichawatni, 800 bales of Harunabad, 2000 bales of Laiya, 1800 bales of Vehari, 300 bales of Multan. say , 400 bales of Fort Abbas, 600 bales of Rahim Yar Khan, 200 bales of Sadiqabad were sold at Rs 20,000 per maund and 800 bales of Utal were sold between Rs 19,500 and Rs 19,800 per maund.The Spot Rate Committee of Karachi Cotton Association increased the spot rate by Rs 300 per maund and closed it at Rs 19,800 per maund. Polyester fiber was available at Rs 370 per kg.

Rupee rises 8 paise to open at 82.65 against the US dollarThe Indian rupee opened 8 paise higher against the US dollar on Thursday amid a fall in dollar index after downward revision to second quarter US economic growth. The local currency opened at 82.65 a dollar as compared to previous close of 82.73.

Rupee gains 5 paise to open at 82.66 against the US dollarThe Indian rupee opened 5 paise higher against the US dollar on Wednesday amid a fall in greenback and US Treasury yields. The local currency opened at 82.66 a dollar as compared to previous close of 82.71.

Rupee weakens by 8 paise against dollarThis evening, the rupee closed at a level of 82.71 against the dollar with a weakness of 8 paise.Sensex up 79 pointsToday the stock market closed with a boom.Today, where the Sensex closed at a level of 65075.82 points with a gain of about 79.22 points.Whereas the Nifty gained 36.70 points.

Pakistan: Stable trend in cotton marketLAHORE: The local cotton market remained firm on Monday with satisfactory trading volume.Cotton analyst Naseem Usman said that the rate of new cotton crop in Sindh is Rs 19,400 to Rs 19,500 per head. The rate of footi in Sindh is between Rs 7,500 to Rs 9,000 per 40 kg. Cotton rates in Punjab range from Rs 19,200 to Rs 20,000 per head and cotton between Rs 7,500 to Rs 9,200 per 40 kg. Cotton rates in Balochistan range from Rs 19,400 to Rs 19,500 per head, while footy rates range from Rs 8,200 to Rs 9,300 per 40 kg.Shahdadpur 1200 bales, Tando Adam 1800 bales were sold at Rs 19,200 to Rs 19,300 per head, Hyderabad 200 bales, Rani Pur 200 bales, Rohri 400 bales, Kotri Kabir 400 bales at Rs 19,000 per head. Sadiqabad sold 600 bales for Rs 19,500 per head, Hyderabad 1400 bales for Rs 19,500 to 19,800 per head, Vehari 1400 bales, Yajman Mandi 1200 bales for Rs 19,800 per head, Fort 600 bales. Abbas was sold at Rs 19,700 per head, 1000 bales of Layya were sold at Rs 19,500 per head and 1000 bales of Burewala were sold at Rs 19,800 per head.The spot rate remained unchanged at Rs 19,200 per head. Polyester fiber was available at Rs 365 per kg.

Rupee opens 4 paise higher at 82.59 against the US dollarThe Indian rupee opened 4 paise higher on Tuesday amid a pullback in the greenback and US Treasury yields ahead of a slew of key economic data. The local currency opened at 82.59 a dollar as compared to previous close of 82.63.

India on track for lowest monsoon rains in 8 years - sourcesIndia is bracing for the lowest monsoon rains in eight years, two meteorological officials told Reuters on Monday, with an El Nino weather pattern causing rainfall to drop from August to September, the lowest in more than a century. Most are on track to dry up.Shortage of summer rains could make essential commodities like sugar, pulses, rice and vegetables more expensive and push up overall food inflationThe monsoon, vital to India's $3 trillion economy, provides about 70% of the rain needed in the country to water crops and replenish reservoirs and aquifers. Nearly half of agricultural land in the world's most populous country lacks irrigation.A senior India Meteorological Department (IMD) official said, "El Nino reduced rainfall in August and it will have a negative impact on September rainfall as well." He declined to be identified as he was not authorized to provide information to the media.The official said India is poised to end the June-September monsoon season with a rainfall deficit of at least 8%, which would be the highest since 2015, when El Nino also reduced rainfall.The Meteorological Department did not immediately respond to requests for comment.The Indian Meteorological Officer is expected to announce its September forecast on August 31.In its previous full-season forecast on May 26, the IMD had projected a rainfall deficit of 4% for the season, assuming limited impact from the El Nino weather pattern.El Nino is a warming of Pacific waters that usually accompanies dry conditions in the Indian subcontinent.Meteorological officials said earlier this month that India was headed for its driest August in more than a century.The current monsoon has been uneven, with June rainfall being 9% below average, but July rainfall again being 13% above average.Another IMD official said the southwest monsoon would start withdrawing from northwest India on time or a little before the normal date of September 17.He said that the delayed withdrawal of monsoon has resulted in above average rainfall in the last four Septembers."In September, the northern and eastern states may receive less than normal rainfall. However, we may see an improvement in rainfall over the southern peninsula," said another official.September rains are crucial for winter-sown crops such as wheat, rapeseed and chickpea.A Mumbai-based dealer of a global trading house said, "Due to scanty rains in August, the soil moisture level has gone down. We need good rains in September, otherwise sowing of winter crops will be affected."

Rupee strengthened by 2 paise against dollarThe rupee strengthened by 2 paise to close at Rs 82.63 against the dollar this evening.Sensex up 110 pointsToday the stock market closed with a boom.Today, where the Sensex closed at a level of 64996.60 points with a gain of about 110.09 points.On the other hand, the Nifty closed at the level of 19306.00 points with a gain of 40.20 points.

Maharashtra: Be careful..! pink bollworm attack on cottonAkola: Pink bollworm infection has been found on cotton in some parts of the district. It has been clarified by the Agriculture Department that if the farmers take timely measures, then it is possible to control it.A team from Agriculture Department visited the farm at Vyala, Khirpuri in Balapur taluka. In this bollworm outbreak was found on cotton crop. Bollworm infestation has also been detected in parts of Akola, Akot, Telhara taluks. Pink bollworm infestation has been observed in cotton sown in the first week of June and cotton currently in flower, leaf and small bolls. Pink bollworms were found in each flower at the emergent or cotyledon stage. The leaves of such flowers are different. Second and third instar larvae of pink bollworm have been observed in withered flowers entering young bollards from flowers. The prevalence of pink bollworm in cotton fields is currently found to be 10 to 20 percent. So the farmers who have sown in the first week of June should monitor the crop. The possibility of such outbreak on cotton crop at flowering stage in other regions also cannot be ruled out. The Agriculture Department has appealed to the farmers to survey their crops and take timely control measures.In the areas where the cotton crop has become 50 to 60 days old, flowering has started. Under these conditions, the female pink bollworm lays an egg on the underside of an open flower. Micro larvae emerge from this and enter the flowers and by closing the opened petals with the help of threads in the mouth, the larvae remain in the flowers. Infected flowers look like unopened rose buds and are easily recognized. These flowers are called 'Domkali'. A pink caterpillar can be seen making its abode in it. Because the caterpillars feed on the inside of the flowers, the flowers often fail to turn into pods and fall off. If the flower turns into a pod, the caterpillar enters the pod and pupates in the pod. This causes damage. The Agriculture Department has advised that farmers should take measures.Outbreak of pink bollworm has been found on cotton. If farmers take timely measures, then losses can be avoided. - Shankar Kirve, District Agriculture Superintendent Officer Akola.                                                                                                                                                                                         Source: LoksattaMaharashtra: Be careful..! pink bollworm attack on cottonAkola: Pink bollworm infection has been found on cotton in some parts of the district. It has been clarified by the Agriculture Department that if the farmers take timely measures, then it is possible to control it.A team from Agriculture Department visited the farm at Vyala, Khirpuri in Balapur taluka. In this bollworm outbreak was found on cotton crop. Bollworm infestation has also been detected in parts of Akola, Akot, Telhara taluks. Pink bollworm infestation has been observed in cotton sown in the first week of June and cotton currently in flower, leaf and small bolls. Pink bollworms were found in each flower at the emergent or cotyledon stage. The leaves of such flowers are different. Second and third instar larvae of pink bollworm have been observed in withered flowers entering young bollards from flowers. The prevalence of pink bollworm in cotton fields is currently found to be 10 to 20 percent. So the farmers who have sown in the first week of June should monitor the crop. The possibility of such outbreak on cotton crop at flowering stage in other regions also cannot be ruled out. The Agriculture Department has appealed to the farmers to survey their crops and take timely control measures.In the areas where the cotton crop has become 50 to 60 days old, flowering has started. Under these conditions, the female pink bollworm lays an egg on the underside of an open flower. Micro larvae emerge from this and enter the flowers and by closing the opened petals with the help of threads in the mouth, the larvae remain in the flowers. Infected flowers look like unopened rose buds and are easily recognized. These flowers are called 'Domkali'. A pink caterpillar can be seen making its abode in it. Because the caterpillars feed on the inside of the flowers, the flowers often fail to turn into pods and fall off. If the flower turns into a pod, the caterpillar enters the pod and pupates in the pod. This causes damage. The Agriculture Department has advised that farmers should take measures.Outbreak of pink bollworm has been found on cotton. If farmers take timely measures, then losses can be avoided. - Shankar Kirve, District Agriculture Superintendent Officer Akola.                                                                                                                                                                                         Source: Loksatta

Pakistan Weekly Cotton Review: Spot rates rise on volatile market.KARACHI: The cotton rate witnessed extraordinary fluctuations from Rs 15,00 to Rs 2,500 per head. The spot rate was increased by Rs 900 per head. Due to high rate of US Dollar and less supply of Footi, the prices are facing volatility.Pakistani stakeholders organized an important meeting of the Organic Cotton Accelerator (OCA) in Dubai. It is being told that 25 lakh bales of cotton are yet to be imported from abroad. However, it is looking unlikely that more deals will be signed due to the unavailability of the US dollar.The rate of cotton was increased from Rs 1,000 to Rs 2,000 per head and later fell from Rs 5,00 to Rs 1,000 per head. There was an extraordinary fluctuation in the price of cotton from about Rs.15,00 to Rs.25,00 per head. The price per 40 kg foot was increased from Rs 7.00 to Rs 8.00. Many ginning factories have partially suspended their operations due to unviability.However, due to the rising value of the US dollar, cloth spinners wanted to buy cotton, while ginners were also running after cotton, which has pushed cotton prices to a high of Rs 20,000 a head and footies from Rs 8,200 to Rs 9,300. It has become Rs. Per 40 Kgs.However, after the fall in the market on Friday morning, panic was seen among the ginners, as a result of which the prices of futi and cotton started falling.The price of cotton in Sindh has increased from Rs 8,00 to Rs 1,000 per head to Rs 19,000. The rate of foot per 40 kg is between Rs 7,800 to Rs 8,500 after increasing from Rs 6,00 to Rs 7,00. Cotton rates in Punjab range from Rs 19,500 to Rs 20,000 per head, while footy rates range from Rs 7,800 to Rs 9,000 per 40 kg.Cotton rates in Balochistan range from Rs 19,000 to Rs 19,300 per head and cotton between Rs 8,000 to Rs 9,300 per 40 kg. There was a slight increase in the rates of Khal, Cottonseed and Oil.The spot rate committee of the Karachi Cotton Association increased the spot rate by Rs 900 per head and closed it at Rs 19,200 per head.According to the USDA's weekly export and sales report, 38,900 bales were sold for the year 2023-24. China topped the list by purchasing 31,700 tonnes of bales. Vietnam was second with 10,800 bales. Bangladesh bought 5100 bales and stood third.52,800 bales were sold for the year 2024-25. Malaysia topped the list by purchasing 26,400 bales. Pakistan bought 22,000 bales and stood second. Mexico bought 4,400 bales and ranked third.The government has decided to implement a track-and-trace system in ginning factories to fully document the cotton trade and trace the actual production/sale of the commodity.Companies like Artistic Milliners, which has started scaling it up, also shared valuable feedback. It was said that for this purpose we need non-GMO plus organic seed banks which can give us better production as seeds will play an important role in this.Many well-known names of the cotton industry participated in it. M. Adil Naseem Osawala (Naseem Usman & Sons), Hina Adil Osawala (Musab Seeds Corporation), Dr. Javed Hasan (APTMA), Dr. Khalid (SAWIA), Hafiz Muhammad Bux (WWF), Shahid Saleem (Reeds), Dr. Shahid Zia (Lok Sanjh), Khwaja Noman (Control Association). Lubna Khalid (IDFL), Saqib Sohail and Imar Ahmed (Artistic Milliners), Asad Sorti (Sorty Ant), Maqbool Baig (Interloop), Asad Bajwa, Hussain Memon, Babar Bajwa (CABI), Usman and Rahol (Inditex) participated . The event was hosted by Asif Mehmood, Jyoti Sharma and Rude Shutta (OCA).Meanwhile, cotton importers say that import contracts for the years 2022-23 and 2023-24 have been signed for around 25 lakh bales of Pakistani weight (155 maunds) cotton from abroad.This year, if cotton production in the country is 10 million bales, there will be no need to enter into new import deals except long staple cotton as domestic consumption is expected to be around 12.5 million to 30 million bales. , However, the lack of US dollars may pose difficulties

Rupee rises against dollar, opens 7 paise strongerThe rupee opened strongly against the dollar today. Today, the rupee opened at a level of Rs 82.58 against the dollar with a gain of 7 paise. On the other hand, on Friday, the rupee closed at a level of Rs 82.65 against the dollar with a weakness of 7 paise.Stock market started with a boomToday, the BSE Sensex opened at a level of 65047.37 points with a gain of about 160.86 points. On the other hand, the NSE's Nifty opened at a level of 19322.80 points with a gain of 57.00 points. A total of 2,062 companies opened for trading on BSE today.