Cotton Prices Cross ₹60,000/Candy, Track Global RallyCotton prices in the domestic market have strengthened further, crossing the ₹60,000 per candy (356 kg) mark for the first time this season, driven by firm global cues and steady demand.Domestic prices are closely tracking global futures on the Intercontinental Exchange (ICE), where July contracts rose above 73 cents per pound on Friday — the highest level since June 2024.On the domestic front, the Cotton Corporation of India (CCI) raised its benchmark prices by ₹300 per candy on Friday. Over the past two weeks, prices have increased by around ₹1,400 per candy, and by nearly ₹4,500 over the past few months.Global Supply-Demand OutlookAccording to the United States Department of Agriculture (USDA), global cotton production is projected to rise by nearly 900,000 bales to 121.9 million bales, supported by higher output in China, India, and Pakistan, offsetting a decline in Argentina.Global consumption is also expected to grow by about 600,000 bales to 119.1 million bales, with stronger demand from China and India compensating for weaker demand in Bangladesh and Vietnam. Prices Above MSP, But Demand MixedCotton prices in several domestic markets are trading above the Minimum Support Price (MSP). In Raichur, raw cotton (kapas) prices touched ₹9,000 per quintal on Friday.However, industry participants indicate that while cotton prices are firm, yarn demand is facing resistance at higher levels.Market sources note that mills are cautious in making fresh purchases in the cash market, with buying largely limited to traders offering extended payment terms. Expectations of a better crop outlook are also capping aggressive buying.Yarn Prices Rise on Export DemandThe uptrend in cotton prices is also reflecting in yarn markets. Prices of 30 CCH (combed hosiery) yarn have increased by ₹55–60 per kg in recent weeks, rising from around ₹235 per kg to nearly ₹295 per kg, supported by demand from Chinese buyers and multinational companies.Arrivals UpdateAs per trade estimates, total cotton arrivals up to March-end are around 294 lakh bales (170 kg each). Maharashtra leads with 95.25 lakh bales, followed by Gujarat at 59 lakh bales. Telangana has recorded arrivals of 46.80 lakh bales, while Karnataka stands at around 25 lakh bales.Overall, while global cues are keeping prices firm, the domestic market may see some stability ahead amid cautious mill demand and expectations of improved crop output.read more :- US Textile Demand Slump: India Exports Drop 29%, Vietnam Gains
US Textile Demand Slump: India Exports Fall 29%, Vietnam Gains GroundPUNE: India’s textile and apparel exports to the US dropped sharply in February, highlighting weak demand and growing competitive pressure from Asian peers.According to data from the Office of Textiles and Apparel, US imports from India declined 28.7% year-on-year. In comparison, imports from Bangladesh fell 16.4%, while Vietnam recorded a 5% increase. China saw the steepest drop, with imports plunging 45.2%, as per analysis by the Confederation of Indian Textile Industries (CITI).The sharper decline has raised concerns about India losing market share in the US, particularly to Bangladesh and Vietnam.“The US trade data till February 2026 shows India is losing share faster than Bangladesh, while Vietnam is consolidating gains,” said Chandrima Chatterjee, Secretary General of CITI.The fall comes despite the rollback of additional US tariffs in February 2026, suggesting that the benefits are yet to reflect in export orders. Exporters say many US buyers had already shifted sourcing to other countries during the tariff period and are slow to return.“A lot of US buyers moved away from India to hedge risks due to high tariffs. We have managed to regain only about 40% of them,” said Rajat Jaipuria, Managing Director of Rajalaxmi Cotton Mills. He added that a pickup in shipments may be visible from May–June, given the typical 90–120 day order-to-shipment cycle.Industry experts attribute the decline to tariff-driven inflation in the US, which dampened consumer demand in 2025, leading to lower import volumes compared to 2024.“This is largely the fallout of US tariffs that became effective from August. Buyers held back orders while waiting for clarity. Since February data reflects shipments made earlier, the sharp fall is not surprising and should ease going forward,” said Sanjay Jain, Chairman of the National Textile Committee at the Indian Chamber of Commerce.CITI noted that the current trend also reflects structural challenges, with global buyers diversifying sourcing bases, especially toward Vietnam.The slowdown is already impacting company performance. Firms with high exposure to the US market reported over 50% decline in profit growth in Q3, due to weak demand, underutilised capacities, and margin pressure from high fixed costs.read more :- Rupee fell 14 paise to close at 92.72 per dollar
The Indian rupee lower 14 paise to close at 92.72 per dollar on Friday, compared to its opening price of 92.58 in the morning.At close, the Sensex was up 918.60 points or 1.20 percent at 77,550.25, and the Nifty was up 275.50 points or 1.16 percent at 24,050.60. About 3245 shares advanced, 889 shares declined, and 126 shares unchanged.read more :- Incentive amendment notification pending, confusion among farmers
Notification Regarding Revision of Incentive for Indigenous Cotton Pending; Farmers in LimboIn Haryana, the government has not yet issued an official notification regarding the proposed increase in the incentive amount for the cultivation of indigenous cotton. This has left farmers in a state of confusion. Under the current regulations, an incentive of ₹3,000 per acre is applicable for indigenous cotton; however, during the budget session, an announcement was made to raise this amount to ₹4,000 per acre.Farmers express concern that, despite the sowing season drawing near, the absence of a notification makes it unclear whether they will be able to avail the benefits of the scheme during this Kharif season. If the proposed increase in the incentive amount is not implemented, the likelihood of an expansion in the area under indigenous cotton cultivation could diminish, potentially prompting farmers to shift toward alternative crops such as paddy.This issue is likely to have a significant impact on major cotton-producing districts such as Sirsa, Hisar, Fatehabad, Jind, and Bhiwani. The Sirsa region is considered a pivotal hub for cotton production within the state and is also home to the Central Institute for Cotton Research.According to the Department of Agriculture, the government has currently neither issued the notification regarding the incentive hike nor requested a detailed report on the acreage under indigenous cotton cultivation—a procedural prerequisite for the implementation of the scheme.According to Sukhbir Singh, Deputy Director of the Department of Agriculture, farmers will be able to access the benefits of the enhanced incentive amount only after the official notification has been issued.Currently, approximately 7,000 farmers cultivate indigenous cotton across an area of about 17,000 acres, receiving assistance under this scheme. For some time now, farmers have been distancing themselves from cotton cultivation—primarily due to concerns regarding production costs, pink bollworm infestations, and crop diseases—resulting in a continuous decline in the total area under cotton cultivation.Meanwhile, this issue was also raised during the Legislative Assembly session. Gokul Setia, the Congress MLA from Sirsa, had called for the expansion of the incentive scheme and highlighted the shrinking acreage dedicated to indigenous cotton cultivation. The agricultural incentive schemes announced by the government during the Budget Session include: an incentive of ₹4,000 per acre for indigenous cotton; an additional bonus of ₹2,000 for alternative crops (excluding paddy); the expansion of the horticulture insurance scheme; the promotion of sugarcane cultivation and beekeeping; and the expansion of veterinary infrastructure.read more :- Kharif Plan: Decline in Cotton, Rise in Maize
Kharif Planning in Jalgaon: Indications of Declining Cotton Acreage; Potential Rise in Maize CultivationThe Agriculture Department in Jalgaon (Maharashtra) has commenced preliminary preparations for the upcoming Kharif season. For the approaching season, sowing has been planned across a total area of 739,736 hectares within the district, based on which an estimate of seed requirements has been formulated.According to the Agriculture Department, a decline in the acreage dedicated to cotton cultivation is anticipated this year. While cotton sowing has consistently covered approximately 442,000 hectares over the past three years, it is projected to remain limited to roughly the same level this year as well. Consequently, a demand for approximately 2.21 million packets of cotton seeds has been proposed, comprising 2.185 million packets of BT cotton seeds and 24,000 packets of non-BT seeds.Conversely, an increase in the area under soybean and maize cultivation is expected. Driven by the Meteorological Department's forecast of lower rainfall and relatively weaker market prices for cotton, farmers are increasingly shifting their focus toward alternative crops.The proposed area for soybean cultivation has been set at 47,000 hectares, necessitating a seed requirement of approximately 24,675 quintals. Meanwhile, a consistent upward trend is being observed in maize cultivation. For the current year, the proposed area for maize stands at 175,036 hectares, with a corresponding seed requirement of 26,255 quintals. Furthermore, the proposed area and seed requirements for other crops are as follows: Cotton: 442,000 hectares – 9,950 quintals Maize: 175,036 hectares – 26,255 quintals Soybean: 47,000 hectares – 24,675 quintals Sorghum (Jowar): 15,500 hectares – 1,550 quintals Pigeon Pea (Tur): 18,000 hectares – 945 quintals Green Gram (Moong): 17,500 hectares – 578 quintals Black Gram (Urad): 16,500 hectares – 866 quintals Pearl Millet (Bajra): 5,500 hectares – 220 quintalsAccording to the Agriculture Department, a meeting will also be organized in the coming days to finalize this plan.read more :- The Rupee opened 8 paise higher at 92.58.
The Rupee opened 8 paise higher at 92.58/USD.On Friday, the Indian Rupee opened 8 paise higher against the dollar at 92.58, whereas it had closed at 92.66 on Thursday.READ MORE :- India-US Trade Portal Launched: New Opportunities
India-US Trade Facilitation Portal Launched; New Opportunities AnticipatedNew Delhi: Taking a significant step toward strengthening trade relations between India and the United States, India's Foreign Secretary, Vikram Misri, virtually launched the India-US Trade Facilitation Portal. The portal aims to foster new trade opportunities, enhance the 'Ease of Doing Business,' and provide support to MSMEs and start-ups. Furthermore, this initiative is expected to contribute to achieving the bilateral trade target of $500 billion by 2030.Speaking on the occasion of the launch, Union Minister of Commerce and Industry Piyush Goyal, in a video message, urged the industry sector to make the most of this initiative. He stated that industry associations, Export Promotion Councils (EPCs), and Chambers of Commerce in both India and the US should enhance mutual cooperation to transform this portal into an effective vehicle for trade expansion.Describing it as a timely and forward-looking initiative, Goyal noted that this digital platform would further bolster initiatives such as the DGFT's 'Trade Connect' portal. He added that this step underscores the depth of the India-US partnership and its increasingly dynamic nature.read more :- The rupee closed stable at 92.66.
On Thursday, the Indian rupee closed at 92.66 against the dollar, the same level at which it had opened in the morning.At close, the Sensex was down 931.25 points or 1.20 percent at 76,631.65, and the Nifty was down 222.25 points or 0.93 percent at 23,775.10. About 2054 shares advanced, 2046 shares declined, and 126 shares unchanged.read more :- Textile Industry Suffers ₹3,000 Crore Loss Due to War
Textile Industry Hit by Losses Exceeding ₹3,000 Crore; Business Disrupted by WarKolhapur: The impact of the conflict in West Asia—which has persisted for over a month—is now clearly visible on the state's textile industry. Although the fighting has currently subsided, the industry's financial health has been severely compromised. A sharp increase of approximately 15 percent has been recorded in the prices of raw materials—particularly cotton and yarn. .SIS.Rising costs, dwindling demand, and sluggish exports have plunged the industry into a grave crisis. According to estimates by the Textile Federation, the state's textile industry has incurred losses exceeding ₹3,000 crore over the past month. To cope with the situation, several manufacturing units have scaled back production; some have shut down a shift, while others are adopting a two-day workweek..SIS.The prices of man-made fibers—which are derived from crude oil—have also witnessed an increase of approximately 15 percent. Prior to the conflict, the prices of cotton and yarn had remained stable for an extended period, thereby keeping production costs under control. However, the situation has now shifted rapidly.In the span of just one month, the price of 29mm grade cotton has surged from ₹54,000 per khandi to ₹61,000 per khandi. Concurrently, the price of a 5-kilogram bundle of yarn has risen from ₹1,260 to ₹1,415.Conversely, the prices of finished garments have seen only a marginal increase. For instance, the price of fabrics such as Poplin has gone up by a mere ₹1 per meter. The decline in demand has created an atmosphere of deep concern within the industry.Sector-wise Losses:* Weaving: ₹1,000 crore* Spinning Mills: ₹800 crore* Processing: ₹400 crore* Garments: ₹1,100 croreDue to this crisis, spinning mills are being forced to halt production for an average of 2 to 3 days. New orders have come to a near standstill, and export activity has also slowed down significantly. .SIS. Following a review by industry associations, textile entrepreneur Kiran Tarlekar has expressed apprehension that the total losses could reach ₹4,000 crore.read more :- Rupee Opens 08 Paise Lower at 92.66
Rupee Opens 08 Paise Lower at 92.66/USDThe Indian Rupee opened 08 paise lower at 92.66 against the dollar on Thursday, compared to its closing level of 92.58 on Wednesday.
The Indian rupee opened at 92.64 per US dollar on Wednesday and appreciated by 6 paise to settle at 92.58 by the close.At close, the Sensex was up 2,946.32 points or 3.95 percent at 77,562.90, and the Nifty was up 873.70 points or 3.78 percent at 23,997.35. About 3698 shares advanced, 505 shares declined, and 90 shares unchanged.read more :- Giriraj Singh: Centre to Expand Textiles PLI by ₹10,683 Crore
Centre to expand product coverage under Rs 10,683 crore textile PLI, says Giriraj SinghThe Centre is set to broaden the scope of its ₹10,683-crore Production-Linked Incentive (PLI) scheme for the textile sector, Union Minister Giriraj Singh said on Tuesday.Speaking to PTI, Singh confirmed that the government will “certainly expand” the list of eligible product categories under the scheme. Currently, the PLI covers segments such as man-made fibre (MMF) apparel, fabrics, and technical textiles.The proposed expansion is expected to provide a boost to the industry by improving ease of doing business, attracting fresh investments, and accelerating overall sectoral growth. It also aligns with the government’s broader push to generate employment and strengthen India’s position in the global textile market.Singh noted that the sector has undergone a significant shift in recent years. While technical textiles previously received limited attention, the current policy framework places strong emphasis on their development, reflecting changing industry dynamics and growing global demand.read more :- Cotton Acreage and Production in India Likely to Rise Next Season: USDA
India’s Cotton Acreage and Output Likely to Rise Next Season: USDAIndia’s cotton sector is set for a rebound in the 2026–27 marketing year, with both acreage and production expected to increase, according to the USDA.The agency projects cotton acreage to rise by 3% to about 11.5 million hectares, driven by improved farmer sentiment and expectations of better returns. Production is forecast to grow by 7% to 25.2 million bales (480 lb each), supported by higher yields and a likely normal monsoon season.This recovery follows a difficult previous year marked by untimely rains. Yields are now anticipated to improve, with average productivity estimated at around 477 kg per hectare due to better crop conditions and more favourable weather.Domestic demand is also expected to strengthen, with consumption projected to reach 25.8 million bales. This growth is likely to be fueled by improved prospects for textile and apparel exports, along with anticipated trade agreements with key markets such as the European Union and the United Kingdom.On the trade side, cotton imports are forecast to decline to about 3 million bales as higher domestic production reduces reliance on overseas supply. Exports, however, are expected to fall to around 1.2 million bales, reflecting a smaller exportable surplus and a strategic shift toward exporting value-added textile products rather than raw cotton.Overall cotton supply is projected to increase to nearly 39.3 million bales, aided by higher production and strong opening stocks. Ending stocks are expected to rise to 12.3 million bales, resulting in a stock-to-use ratio of roughly 46%, indicating comfortable availability in the domestic market.Despite this positive outlook, the sector continues to face challenges such as rising input costs and increasing competition from synthetic fibres. Nevertheless, improved yields and stable weather conditions are expected to support a stronger performance for India’s cotton economy in the coming season.read more :- Yarn Remains Expensive Even After Discounts; Weavers Distressed
Despite exemptions, yarn prices remain high: WeaversTextile weavers in Surat have voiced concern over persistently high yarn prices, noting that rates have not eased despite the Centre’s decision to exempt 40 petrochemical products from customs duty.Weavers argue that yarn manufacturers quickly hike prices when input costs rise but are slow to reduce them when raw material prices fall. According to them, the sustained increase in yarn costs has significantly impacted production levels and profit margins across the weaving sector.Yarn manufacturers, however, maintain that the duty exemption alone does not dictate pricing. They attribute current price levels to multiple factors, including fluctuations in the US dollar and global geopolitical developments. Manufacturers also contend that yarn continues to be traded at prevailing market rates and that there has been no widespread resistance from buyers.The situation has begun to affect operations on the ground. Faced with rising input costs and a shortage of cooking gas for workers, several weaving units have cut back to single-shift operations or shut down for a couple of days each week. Industry representatives say some units under severe financial strain have already reduced output.Weak demand for textile products has further worsened the outlook. Industry leaders note that the combination of high input costs and sluggish demand has forced many weavers to scale back production.Weavers warn that if the current pressures on costs and labour conditions persist, overall output could decline further in the coming weeks. One weaving unit owner said yarn prices should be corrected more quickly during downturns, adding that reductions tend to lag behind falling raw material costs.In response, a yarn manufacturer said pricing adjustments are made in line with rapidly changing market dynamics. He noted that raw material prices and currency movements now fluctuate more frequently than before, leaving manufacturers operating on tighter margins as well.read more :- The rupee opened 36 paise higher at 92.64.
The rupee opened 36 paise higher at 92.64 per USD.The Indian rupee opened 36 paise higher at 92.64 per dollar on Wednesday, whereas it had closed at 93.00 on Tuesday.READ MORE :- The rupee closed 02 paisa higher against the dollar at 93.00
On Tuesday the Indian rupee opened at 93.02 against the dollar and closed 02 paisa higher at 93.00At close, the Sensex was up 509.73 points or 0.69 percent at 74,616.58, and the Nifty was up 155.40 points or 0.68 percent at 23,123.65. About 2539 shares advanced, 1514 shares declined, and 144 shares unchanged.read more :- Massive Surge in Cotton Prices at Akot APMC
| title | Created At | Action |
|---|---|---|
| Cotton Prices Cross ₹60,000/Candy on Global Rally | 11-04-2026 12:26:05 | view |
| US Textile Demand Slump: India Exports Drop 29%, Vietnam Gains | 11-04-2026 12:15:10 | view |
| Rupee fell 14 paise to close at 92.72 per dollar | 10-04-2026 15:47:27 | view |
| Incentive amendment notification pending, confusion among farmers | 10-04-2026 12:32:15 | view |
| Kharif Plan: Decline in Cotton, Rise in Maize | 10-04-2026 12:09:45 | view |
| The Rupee opened 8 paise higher at 92.58. | 10-04-2026 09:23:55 | view |
| India-US Trade Portal Launched: New Opportunities | 09-04-2026 16:38:21 | view |
| The rupee closed stable at 92.66. | 09-04-2026 15:46:14 | view |
| Textile Industry Suffers ₹3,000 Crore Loss Due to War | 09-04-2026 11:53:58 | view |
| Rupee Opens 08 Paise Lower at 92.66 | 09-04-2026 10:43:23 | view |
| The rupee closed 06 paisa higher against the dollar at 92.58 | 08-04-2026 15:42:33 | view |
| Giriraj Singh: Centre to Expand Textiles PLI by ₹10,683 Crore | 08-04-2026 11:57:53 | view |
| Cotton Acreage and Production in India Likely to Rise Next Season: USDA | 08-04-2026 11:45:51 | view |
| Yarn Remains Expensive Even After Discounts; Weavers Distressed | 08-04-2026 11:33:53 | view |
| The rupee opened 36 paise higher at 92.64. | 08-04-2026 09:24:25 | view |
| The rupee closed 02 paisa higher against the dollar at 93.00 | 07-04-2026 15:41:25 | view |
