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A look at Pakistan's cotton marketThe local cotton market turned bearish on Tuesday with thin trading volumes. Cotton analyst Naseem Usman told that the price of cotton in Sindh is Rs 17,500 to Rs 21,000 per head. The rate of cotton in Punjab is Rs 18,000 to Rs 20,000 per head.The rate of footi in Sindh ranges from Rs 7,000 to Rs 8,300 per 40 kg. The rate of footi in Punjab ranges from Rs 7,000 to Rs 9,200 per 40 kg. The spot rate remained unchanged at Rs 19,800 per head. Polyester fiber was available at Rs 355 per kg.Prime Minister Shehbaz Sharif has given in-principle approval to fix the price of cotton at Rs 8500 per 40 kg for this year. The approval was given during a review meeting of the Agriculture Task Force chaired by Prime Minister Muhammad Shahbaz Sharif in Lahore on Monday. It was informed during the meeting that last year there was a drastic reduction in cotton production due to floods, rains, shortage of water in the canal and fertilizer crisis.The total production of cotton this year is estimated at 12.77 million bales, while not only the area under cotton cultivation but also the yield per acre is expected to increase substantially. The Prime Minister said that the provincial governments should ensure provision of fixed price for cotton to the farmers. He also directed the central government to provide all possible assistance to the provincial governments in implementing the fixed support prices.

Bad condition of cotton in Punjab, crop sales 25 percent less than last year  According to ICAL, the collective production of cotton in the three states of North India is estimated at 42.09 lakh bales as compared to 48.37 lakh bales in the previous year.In a major setback to the Punjab government's efforts to diversify farmers, cotton production in the state is estimated to be at its lowest in years this year. As of March 9, the state's arrival stood at 28.89 lakh quintals, against last year's arrival of only 7 lakh quintals, according to data from the Punjab State Agricultural Marketing Board. According to the sales of the cotton crop recorded by PSAMB, it is less than a quarter as of March 9 compared to the previous year.effect of pest attackBesides PSAMB, the revised estimates by cotton trade body Indian Cotton Association Limited (ICAL) about the arrival of the crop in the state mandis are also highly dismal. The revised estimates put the arrival of the crop at around 2.50 lakh bales (1 bale = 170 kg) as against last year's arrival of 7.20 lakh bales. Frequent pest attack in the last two years is said to be behind the very low production of the crop. In the current season, apart from pest attack, non-availability of canal water initially in the sowing season and then incessant rains are said to be the reasons for the poor performance of the crop. It is being said that looking at the production trends, farmers have lost confidence in the crop and thus, not much change in crop area is expected in the upcoming sowing season.Cotton production less in North IndiaHowever, the crop is still fetching Rs 8,000 per quintal against the MSP of Rs 6,280 per quintal for the 27.5-28.5 mm long staple. Like Punjab, production in neighboring Haryana is also low and according to ICAL's revised estimates, arrivals in mandis are estimated at 1.2 million bales from 1.5 million bales last year. However, cotton production in Rajasthan is expected to increase to 27.60 lakh bales from last year's 26.12 lakh bales. According to ICAL, the collective production of cotton in the three states of North India is estimated at 42.09 lakh bales as compared to 48.37 lakh bales in the previous year.very little inputPunjab's cotton coordinator Rajneesh Goyal said, "The arrival of cotton is very less as compared to last year. As per the trends, the total arrivals in the mandis have been much less as compared to previous years. As per the arrivals recorded by ICAL till February 28, Punjab has received 1.69 lakh bales, while Haryana has recorded 6.86 lakh bales and Rajasthan 22.53 lakh bales. Till February 28, a total of 31.08 lakh bales have arrived in the three states.

Lower prices may push India's palm oil imports to 4-year high: Industry officialIndia's palm oil imports could rise 16% to a four-year high of 9.17 million tonnes in 2022/23, a senior industry official told Reuters on Tuesday, as consumption looks to bounce back after two years of contraction. ready for.Higher buying by the world's biggest importer of vegetable oils could provide further support to palm oil futures, which were trading near their highest levels in four months.Sudhakar Desai, president of the Indian Vegetable Oil Producers Association, said, “Consumption has declined for two consecutive years due to the pandemic. This year, it will decline by around 5% as restrictions have been eased and prices have fallen. "He said consumption growth would be met by higher imports of palm oil, which is trading at a discount to rivals soya oil and sunflower oil.Traders estimate India's palm oil imports in the first four months of the 2022/23 marketing year, which began on November 1, jumped 74% from a year earlier to 3.67 million tonnes.India mainly buys palm oil from Indonesia, Malaysia and Thailand. It imports soybean and sunflower oil from Argentina, Brazil, Russia and Ukraine.Desai said the country's total vegetable oil imports are likely to increase to 14.38 million tonnes in the current year from 14.07 million tonnes a year ago.Soybean oil imports could fall to 3.16 million tonnes from 4.05 million tonnes, while sunflower oil imports could rise to 2 million tonnes from 1.93 million tonnes, he said.

Angry farmers, nervous leadersFarmers anger erupted on Maharashtra leaders, expressed dissatisfaction over prices of onion and cottonResentment is growing among onion and cotton growers in the state against the central government's failure to help farmers distressed by falling prices. The BJP ministers had to face this discontent in the form of farmers' anger.On Sunday, angry farmers threw onions at the vehicle of Maharashtra Deputy Chief Minister Devendra Fadnavis. Union Minister of State and BJP Lok Sabha MP Bharti Pawar and state Agriculture Minister Abdul Sattar also faced the wrath of the farmers.In a video that has gone viral on social media, angry farmers can be seen surrounding Bharti Pawar while the minister tries to pacify their anger by saying that the Center is procuring onions through NAFED (National Agricultural Cooperative Marketing Federation of India) Is and is making sure. That there is no restriction on the export of onions as well. He said that onion prices are low in the international market and hence the prices have come down in the domestic market. Apart from this, the arrival of onion in the market is very high.Maharashtra's Agriculture Minister Abdul Sattar also faced the wrath of farmers at an agricultural exhibition in Amravati. The farmers told him that the prices of onions have gone down even below the prices of old newspapers. Farmers argue that last year they sold a quintal of cotton for Rs 14,000, but currently they get only Rs 8,000 per quintal. “We are not even able to recover the input cost. If the government fails to help us, we are left with no option but to commit suicide.However, in the video the farmers can be seen blaming the Centre's wrong export-import policies for their plight. The angry farmers argued that the Center keeps on changing its policies continuously and the farmers are facing the brunt of it."The Center should compensate us by buying our onions at the international market rate and also give us all possible help," the farmers insisted. Meanwhile, Devendra Fadnavis faced the wrath of farmers in Amravati, where the latter threw onions at his vehicle before the police swung into action and detained the protesters.

Weekly review of Pakistan's cotton businessThe textile sector, which plays an important role in the country's economy, exports and employment, is on the verge of collapse. The All Pakistan Textile Mills Association (APTMA) has urged the government to restore energy concessions as the industry is unable to survive as energy prices in regional countries are relatively low, making it impossible for the Pakistani textile sector to compete with them Is.The government has withdrawn power subsidies given to five export industries, including the textile sector, to meet IMF conditions, increasing the cost of electricity from Rs 19 per unit to Rs 40 per unit. Interest was also raised by 3% from 17% to 20%, and the dollar interbank rate rose by Rs 19 to Rs 286. It had reached up to Rs 300 in the open market but later declined somewhat.Cotton prices remained stable in the local cotton market last week. In the beginning of the week, some groups of textile mills showed interest in buying cotton. Later on Wednesday, there was a sudden rise in the dollar rate after which the ginners became cautious and started demanding higher prices, while the spinners remained silent due to higher prices.Cotton prices in Sindh province ranged between Rs 19,000 and Rs 20,500 per head, depending on the quality, which is available in small quantities. The price of footi in Sindh ranged from Rs 6500 to Rs 8500 per 49 kg. Cotton rates in Punjab ranged from Rs 19,000 to Rs 20,000 per head, while cotton rates ranged from Rs 7,000 to Rs 9,500 per 40 kg. Cottonseed cake and oil prices remained relatively stable.The spot rate committee of the Karachi Cotton Association increased the spot rate by Rs 2,00 per head and capped it at Rs 20,000 per head. Cotton demand and prices are expected to increase in the domestic cotton market, but cotton stocks are very low in the domestic market while deliveries of imported cotton are getting delayed due to L/C issues and sharp rise in dollar prices. This will increase the price of imported cotton.Karachi Cotton Brokers Forum President Naseem Usman has said that cotton rates remained stable in the international cotton markets. According to the USDA's weekly export report, one lakh seventy thousand six hundred bales were sold for the year 2022-23. China remained on top by purchasing 81 thousand 600 bales. Vietnam finished second after buying 78,900 bales, including 900 bales from China and 100 from Japan. India bought 18,400 bales and stood third.

Stable trend in cotton yarn market in South India amid Holi With the Holi festival round the corner, domestic demand for cotton yarn has come down in South India. As a result, cotton yarn prices in Tiruppur have taken a stable trend. Actually, apart from the coming of the festival, the holiday of the workers in the factories has also been a major reason for this. According to traders, the absence of laborers and the financial closure slowed down production activities in March. Domestic demand was weak as compared to export demand, but prices held steady at Mumbai and Tiruppur.In Mumbai, the market experienced weak demand from the downstream industry. However, export buying turned marginally better and cotton yarn prices held steady. Jai Kishan, a Mumbai-based trader, said, "Workers were going on leave for the Holi festival, and the financial closure in March also curtailed production activities. Hence, local demand was slow. However, there was no drop in prices." I."In Mumbai, cotton yarn of 60 count of warp and weft varieties traded at Rs 1,525-1,540 and Rs 1,450-1,490 per 5 kg (GST extra), respectively. Cotton yarn of 80 cards (weft) was priced at Rs 1,440-1,480 per 4.5 kg. The price of 44/46 count carded cotton yarn (warp) was ruling at Rs 280-285 per kg. 40/41 count carded cotton yarn (warp) was trading at Rs 260-268 per kg and 40/41 count combed yarn (warp) was trading at Rs 290-303 per kg.Meanwhile, prices remained stable in Tirupur market as well. Trade sources said demand was moderate, which may support the current price level. Mills located in Tamil Nadu were running at 70-80 per cent production capacity. The market may get support next month when the industry renews its production in the next financial year. In the Tiruppur market, 30 count combed cotton yarn was trading at ₹280-285 per kg (GST extra), 34 count combed at ₹292-297 per kg and 40 count combed cotton yarn at ₹308-312 per kg.In Gujarat, cotton prices declined again after a marginal gain in the previous session. Trade sources said spinners were buying cotton, but they were cautious about prices. The mills were trying to grab cheap deals. Cotton arrivals in India were estimated to be around 1.58 lakh bales (170 kg) per day, while 37,000 bales were recorded in the Gujarat market. The prices were hovering between Rs 62,500 to Rs 63,000 per candy of 356 kg.

Slow trading in Pakistan's cotton marketThe local cotton market remained stable on Monday with thin trading volumes. Cotton analyst Naseem Usman told that the price of cotton in Sindh is Rs 18,000 to Rs 20,500 per head. The price of cotton in Punjab is Rs 18,500 to Rs 20,000 per head.The rate of footi in Sindh ranges from Rs 7,000 to Rs 8,300 per 40 kg. The rate of footi in Punjab ranges from Rs 7,000 to Rs 9,200 per 40 kg. The spot rate remained unchanged at Rs 20,000 per head. Polyester fiber was available at Rs 355 per kg.

डॉलर के मुकाबले रुपया 3 पैसे कमजोरआज शाम को डॉलर के मुकाबले रुपया 3 पैसे की कमजोरी के साथ 79.63 रुपये के स्तर पर बंद हुआ।सेंसेक्स में गिरावट 372 अंक टूटकर बंदआज शेयर बाजार में गिरावट के साथ क्लोजिंग हुई।आज जहां सेंसेक्स करीब 372.46 अंक की गिरावट के साथ 53514.15 अंक के स्तर पर बंद हुआ।वहीं निफ्टी 91.60 अंक की गिरावट के साथ 15966.70 अंक के स्तर पर बंद हुआ। Rupee weakens by 3 paise against dollarToday evening, the rupee closed at Rs 79.63 with a weakness of 3 paise against the dollar.Sensex closed down by breaking 372 pointsToday the stock market closed with a fall.Today, where the Sensex closed at a level of 53514.15 points down by about 372.46 points.On the other hand, Nifty closed at 15966.70 points down by 91.60 points.

RAJASTHAN COTTON SOWING 

Sensex rises further, opens up 246 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 246.05 points to open at the level of 54132.66 points. On the other hand, the Nifty of NSE opened with a gain of 71.40 points at the level of 16129.70 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 79.55 against the dollar. At the same time, on Tuesday, the rupee closed at Rs 79.60 with a weakness of 16 paise against the dollar.

सम्पूर्ण भारत का जुलाई 13, 2022 का मौसम पूर्वानुमानदेश भर में बने मौसमी सिस्टमकम दबाव का क्षेत्र दक्षिण ओडिशा तट और दक्षिण आंध्र प्रदेश तट पर बना हुआ है।मॉनसून ट्रफ अब बीकानेर, कोटा, सागर, रायपुर, दक्षिण ओडिशा और उत्तरी आंध्र प्रदेश के तटीय क्षेत्रों के ऊपर कम दबाव के क्षेत्र के केंद्र और फिर दक्षिण पूर्व की ओर बंगाल की पूर्वी मध्य खाड़ी से गुजर रही है।अपतटीय ट्रफ रेखा गुजरात तट से उत्तरी केरल तट तक फैली हुई है।पूर्व पश्चिम कतरनी क्षेत्र लगभग 20 डिग्री उत्तर अक्षांश के साथ चल रहा है।पिछले 24 घंटों के दौरान देश भर में हुई मौसमी हलचलपिछले 24 घंटों के दौरान, दक्षिण मध्य प्रदेश, विदर्भ के कुछ हिस्सों, तेलंगाना, गुजरात और उत्तरी मध्य महाराष्ट्र में मध्यम से भारी बारिश हुई।कोंकण और गोवा, तटीय कर्नाटक, केरल, अंडमान और निकोबार द्वीप समूह, दक्षिण छत्तीसगढ़ और हिमाचल प्रदेश और राजस्थान में एक या दो स्थानों पर हल्की से मध्यम बारिश हुई।गंगीय पश्चिम बंगाल, झारखंड के कुछ हिस्सों, असम, लक्षद्वीप, मराठवाड़ा, तटीय आंध्र प्रदेश, छत्तीसगढ़, मध्य प्रदेश के शेष हिस्सों, पूर्वी राजस्थान, हरियाणा, पंजाब, उत्तराखंड और जम्मू कश्मीर के कुछ स्थानों पर हल्की से मध्यम बारिश हुई।उप-हिमालयी पश्चिम बंगाल, सिक्किम, आंतरिक कर्नाटक, तमिलनाडु और दिल्ली और पूर्वी उत्तर प्रदेश में एक या दो स्थानों पर हल्की बारिश हुई।अगले 24 घंटों के दौरान मौसम की संभावित गतिविधिअगले 24 घंटों के दौरान, दक्षिण मध्य प्रदेश, विदर्भ के कुछ हिस्सों, उत्तरी मध्य महाराष्ट्र, कोंकण और गोवा और दक्षिण गुजरात में मध्यम से भारी बारिश संभव है।गुजरात के शेष हिस्सों, तटीय कर्नाटक, केरल, अंडमान और निकोबार द्वीप समूह, ओडिशा, तेलंगाना के कुछ हिस्सों, छत्तीसगढ़ के कुछ हिस्सों और दक्षिणपूर्व राजस्थान, उत्तराखंड और हिमाचल प्रदेश में एक या दो स्थानों पर हल्की से मध्यम बारिश संभव है।सिक्किम, जम्मू कश्मीर, पूर्वोत्तर भारत, उप-हिमालयी पश्चिम बंगाल, ओडिशा, उत्तरी छत्तीसगढ़, दक्षिण झारखंड, आंतरिक कर्नाटक, तेलंगाना के शेष हिस्सों और तटीय आंध्र प्रदेश में हल्की से मध्यम बारिश संभव है।उत्तर प्रदेश, उत्तरी पंजाब, उत्तरी हरियाणा, तमिलनाडु, लक्षद्वीप और रायलसीमा की तलहटी में हल्की बारिश संभव है।