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The rupee had closed at 95.06 on Thursday; today, it opened at 94.72 per dollar, marking a gain of 34 paise.The BSE Sensex fell by 132.98 points, or 0.18%, to 74,182.63, while the NSE Nifty 50 slipped by 25.65 points, or 0.11%, to 22,968.55. This decline follows a strong rally on Thursday, during which the Sensex surged by 2.11% and the Nifty by 1.66%.Read More :- Morbi Cotton Arrivals Cross 4,000 Quintals in Three Days

Slow Arrival of Cotton at Morbi Yard; Over 4,000 Quintals Received in Three DaysMorbi, Gujarat: Concerns have been raised regarding the impact of erratic monsoon rainfall on Kharif crop production in the district. The arrival of Kharif crops at agricultural produce markets (mandis) has begun at a slow pace this year. Over the last three days, more than 4,000 quintals of cotton have been recorded at the Morbi marketing yard. Meanwhile, the arrival of other Kharif crops, including groundnuts, remains very low.The price of cotton at the Morbi yard is currently ranging between ₹1,850 and ₹1,980 per 20 kg. During the same period last year, the price of cotton was between ₹1,220 and ₹1,550 per 20 kg. Consequently, there has been an increase of ₹630 in the minimum price and ₹430 in the maximum price per 20 kg compared to the previous year.Significant Arrivals of Cotton and Groundnuts at Halvad YardCompared to Morbi, a higher volume of Kharif crop arrivals has been recorded at the Halvad agricultural produce market. Over the past three days, the Halvad APMC yard has received 33,596 *maunds* of cotton and over 1.21 lakh *maunds* of groundnuts. Additionally, other agricultural produce—such as fennel seeds, sesame seeds, and black gram (*urad*)—are also arriving at the market.14,298 Farmers Registered for MSP ProcurementA total of 14,298 farmers in Morbi district have registered for the sale of groundnuts under the Minimum Support Price (MSP) procurement scheme. According to data as of October 4, the number of farmers who have registered is 8,082 in Tankara, 4,627 in Halvad, 1,024 in Morbi, 549 in Wankaner, and 16 in Malia.After extending the deadline for online registration twice, the state government set October 14 as the final date.Currently, cotton prices are higher than they were last year. However, prices may fluctuate as arrivals in the agricultural produce markets (mandis) increase in the coming days. Given this, both farmers and traders are keeping a close watch on cotton arrivals and market prices.read more :- Indian Rupee Falls 14 Paise to Close at 95.06 Against US Dollar.

The Indian rupee weakened by 14 paise against the US dollar on Thursday, closing at ₹95.06 per dollar.The domestic currency opened at ₹94.92 against the US dollar and fluctuated throughout the trading session. It eventually closed at ₹95.06, down 14 paise from the opening level.At close, the Sensex was up 1,533.72 points or 2.11 percent at 74,315.61, and the Nifty was up 374.65 points or 1.66 percent at 22,997.35. About 1592 shares advanced, 2606 shares declined, and 162 shares unchanged.read more :- CCI Starts Cotton Procurement at MSP

CCI Cotton Procurement: CCI Begins Cotton Procurement TodayOctober 15, 2026: The Cotton Corporation of India (CCI) is commencing the procurement of cotton at the Minimum Support Price (MSP). According to reports, there are plans to establish 170 procurement centers this season—an increase of 15 centers compared to last year. However, arrivals at government centers may remain limited, as open-market cotton prices are expected to stay above the MSP.The report states that the MSP for medium-staple cotton has been set at ₹8,267 per quintal, while the MSP for long-staple cotton is ₹8,670 per quintal.The cotton crop has been adversely affected this year due to a prolonged lack of rainfall during the monsoon season. A shortage of moisture during critical growth stages—such as flowering, boll formation, and maturation—has hindered plant development in many regions, raising concerns about a potential decline in production.Citing CCI official Lalit Kumar Gupta, the report notes that farmers can register via a mobile app, which also provides information regarding the locations of procurement centers.Potential Price Surge Due to Declining Cotton ProductionTypically, the country produces between 300 and 325 lakh bales of cotton. However, production for this season is projected to fall to between 250 and 275 lakh bales.According to cotton market expert Govind Vairale, the anticipated drop in production could push open-market prices as high as ₹10,000 per quintal.Meanwhile, amid concerns over declining domestic production, the textile industry has requested that the central government permit duty-free cotton imports until December.Experts believe that if market prices remain above the MSP, the volume of cotton arriving at CCI procurement centers is likely to remain limited.read more :- Drought Threatens Adilabad Cotton Crop

Drought Threatens Cotton Crop in Telangana; Farmers Turn to Alternative Irrigation to Save HarvestAdilabad, Telangana: A prolonged lack of rainfall combined with rising temperatures has placed the standing cotton crop in the district under severe threat. To save their crops, farmers are resorting to various measures, including the use of sprinklers, drip irrigation, borewells, and water from canals. The persistent dry weather is hindering the growth of cotton plants, raising concerns about a potential decline in yield.With temperatures in the district reaching approximately 36°C, soil moisture levels in the fields are depleting. According to available agricultural data, the area under cultivation in Adilabad district includes approximately 4.30 lakh acres of cotton, 56,000 acres of soybean, 42,000 acres of pigeon pea (arhar), and 21,000 acres of maize.Gandrath Prabhakar, a farmer from Kapparla village in Tamsi mandal, is using water from a borewell to irrigate his cotton fields via sprinklers. He notes that the lack of rain has prevented the plants from developing an adequate number of cotton bolls. Furthermore, irregular power supply and frequent electricity outages are complicating irrigation efforts.Meanwhile, some farmers are attempting to save their crops by sourcing water from canals, local streams, and small rivers; however, the availability of water remains uncertain.According to Punjab Reddy, a farmer from Nipani village in Bhimpur mandal, the drought may make it difficult for many farmers to even recover their cultivation costs. There are concerns that the second and third rounds of cotton picking will be adversely affected.Crops in the red-soil regions of Tamsi, Talamadugu, and Bhimpur are expected to suffer the most damage, whereas the situation in areas with black soil is reportedly somewhat better.While the hot and dry weather might reduce issues related to excess moisture in the cotton, this does not guarantee that farmers will receive prices above the Minimum Support Price (MSP). Cotton quality, market demand, and production conditions also influence prices.read more :- Global Cotton Prices Slide in Major Markets

Global Cotton Prices Decline; Weakness Observed in Key Markets Including India and China: Cotton IncorporatedGlobal cotton markets have experienced a decline in prices over recent weeks. According to the October 2026 Monthly Economic Report from Cotton Incorporated, international cotton price benchmarks have shown weakness. Prices remain under pressure in major cotton markets, including India, China, and Pakistan.The report notes that the December NY/ICE cotton futures contract fell from 93 cents per pound at the end of August to 78 cents per pound by early October. Subsequently, there was a slight recovery, with prices reaching approximately 80 cents per pound.Other NY/ICE futures contracts—for March, May, and July—traded at higher levels than the December contract; the May contract, for instance, was priced at approximately 85 cents per pound. Meanwhile, the December 2027 futures contract stood at around 78 cents per pound.The 'A Index'—a key indicator for international cotton prices—dropped to 88 cents per pound after having peaked above 100 cents per pound in early September. It later recovered to hover around 91 cents per pound.In China, the CC Index 3128B showed cotton prices falling from 18,400 yuan per tonne in early September to approximately 17,200 yuan per tonne. During this period, the exchange rate of the Chinese currency remained relatively stable.Cotton prices in India also saw a decline, with domestic market rates dropping from ₹70,000 per candy to approximately ₹64,700 per candy. Similarly, in Pakistan, cotton prices fell from 19,400 Pakistani rupees per maund to approximately 18,400 Pakistani rupees per maund.The data in the report reflects the persistent weakness in the global cotton market and the continued pressure on prices in major producing countries.read more :- The rupee opened 23 paise stronger against the dollar at 94.92.

On Wednesday, the rupee had closed at 95.15; today, it opened at 94.92 per dollar, marking a gain of 23 paise.Indian equity benchmarks opened flat on Thursday. In early trade, the Sensex was up by 330 points, while the Nifty showed a gain of 41 points.Read More :- Indian Rupee Falls 15 Paise to Close at 95.15 Against US Dollar.

The Indian rupee weakened by 15 paise against the US dollar on Wednesday, closing at ₹95.15 per dollar.The domestic currency opened at ₹95.00 against the US dollar and fluctuated throughout the trading session. It eventually closed at ₹95.15, down 15 paise from the opening level.At close, the Sensex was down 251.89 points or 0.34 percent at 72,781.89, and the Nifty was down 99.25 points or 0.44 percent at 22,622.70. About 2351 shares advanced, 1694 shares declined, and 129 shares unchanged.read more :- US Cotton Harvest Reaches 31%; Boll Opening at 82% 

US Cotton Harvesting Accelerates; 31% Complete; 82% of Crop Bolls OpenAccording to the USDA's Crop Progress Report for the week ending October 11, 2026, cotton harvesting in the US has picked up pace. Harvesting is 31% complete across the country's 15 major cotton-producing states, up from 23% the previous week. However, the harvest progress is only 2 percentage points ahead of the five-year average of 29%.*Cotton Boll Opening Status*The report indicates that 82% of cotton bolls in the US have opened, compared to 74% the previous week. The five-year average stands at 83%. This means boll opening is close to normal levels but remains 1 percentage point behind the average.*Harvesting in Major States*As of October 11, cotton harvesting completion rates were: Louisiana 64%, Mississippi 57%, Arkansas 45%, Arizona 43%, Texas 38%, and Tennessee 35%. Louisiana leads among these states.In contrast, harvesting completion stood at 20% in California, 20% in Missouri, 18% in Virginia, 16% in Georgia, 13% in North Carolina, and 12% in South Carolina. Harvesting progress was recorded at 9% in Kansas and 1% in Oklahoma. *Crop Quality and Condition*According to the USDA, as of October 11, the condition of the US cotton crop is rated as follows: 12% very poor, 24% poor, 30% fair, 28% good, and 6% excellent. Thus, 34% of the crop falls into the good or excellent categories, while 36% is in poor or very poor condition.Compared to the previous week, the share of the crop rated 'good' rose from 27% to 28%, while the 'poor' category declined from 25% to 24%. The 'very poor' category remained steady at 12%.*Conclusion:* Cotton harvesting in the US is progressing rapidly, and the rate of boll opening is close to the five-year average. However, crop quality remains mixed, as 36% of the crop is still in the poor or very poor categories. The market will be closely monitoring the pace of harvesting and actual crop yields in the coming period.read more :- Bhilosa Plans ₹7,500 Crore Textile Investment

Bhilosa Industries Proposes ₹7,500 Crore Investment in Madhya Pradesh; Expected to Create 3,750 JobsMadhya Pradesh: Bhilosa Industries has proposed an investment of up to ₹7,500 crore in the state. This project is expected to generate direct employment for approximately 3,750 people. The company plans to set up a modern textile manufacturing unit at the PM MITRA Park in Dhar district. This initiative is expected to boost the state's textile industry.**Discussion on Investment Between Chief Minister and Company Management**The proposed project was discussed during an investment meeting held at the St. Regis Hotel in Mumbai, attended by Madhya Pradesh Chief Minister Dr. Mohan Yadav and Bhilosa Industries Managing Director Sandeep Jain. Deliberations during the meeting covered investment prospects and various aspects related to industrial development.**Plan to Develop Project on 300 Acres of Land**According to the proposal, the company is in the process of securing approximately 300 acres of land. Of this, 200 acres are earmarked for textile production, while the remaining 100 acres are proposed for the development of ancillary industrial units.The company plans to invest ₹2,500 crore in the first phase. Subsequently, the aim is to increase the total investment to ₹7,500 crore in a phased manner. Production at the facility is expected to commence in 2028.**Boost to Polyester Production and Employment**The project entails developing an integrated polyester production ecosystem in the Dhar-Indore region. It proposes the manufacturing of polyester yarn, fiber, knitted fabrics, and other textile products. This could also create new opportunities for small-scale and ancillary industries.The Central Government has approved seven PM MITRA Parks across the country, including the one in Dhar. These parks aim to foster the textile industry through modern infrastructure and superior logistics facilities. Chief Minister Mohan Yadav assured investors of policy support. The realization of the project is expected to boost the state's textile production capacity, export potential, and local employment opportunities.read more :- The rupee opened at 95.00 against the dollar, strengthening by 28 paise.

The rupee had closed at 95.28 on Tuesday, whereas today it opened at 95.00 per dollar, marking a gain of 28 paise.Indian benchmark indices were trading lower in early trade; the Sensex fell 118.17 points or 0.16 percent to 72,915.61, and the Nifty dropped 53.55 points or 0.24 percent to 22,668.40.Read More :- CCI Cotton Sales Cross 97.16 Lakh Bales