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Government unable to cater the data of sowing of cottonEven after the start of sowing season of one of the major kharif crops cotton, the government has still not provided the facts of cotton sown in terms of area covered. Cotton being a major commodity for traders, millers, spinners, ginners and many others, its information is crucial to every sector. The unavailability of the amount of crop sown can affect severely every entity associated with it.However, if we take a look at the last year’s data, by the start of June the cotton crop had already been sown in 13.55 lakh hectare area. On this basis, industry owners and others can speculate the quantity of plantation but it’s quite risky to make sensitive moves without being available with crisp data.

Rupee opens 12 paise stronger against dollarRupee opened with strength today against the dollar in the foreign exchange market. Today the rupee opened with a strength of 12 paise at Rs 77.48 against the dollar. At the same time, on Thursday, the rupee closed at Rs 77.60 with a weakness of 9 paise against the dollar.

All India weather forecast for June 3, 2022Weather systems made across the countryparts of central Arabian Sea, some more parts of Karnataka, parts of Konkan and Goa, parts of Tamil Nadu, parts of southwest Bay of Bengal, west central and northeast Bay of Bengal, and parts of northeast India Conditions are becoming favorable for further advance of Southwest Monsoon into sub-Himalayan West Bengal and Sikkim during next 24 to 48 hours.A Cyclonic Circulation lies over Southeast Uttar Pradesh and adjoining region.A trough is extending from a cyclonic circulation over Southeast Uttar Pradesh to East Bangladesh across South Bihar, Jharkhand and Gangetic West Bengal.The Cyclonic Circulation lies over South Bangladesh and adjoining North West Bay of Bengal, extending up to 5.8 km above sea level. Leaning to the south with altitude.A windswept john between 3.1 and 5.8 km can be seen at 10°N latitude in the South Peninsula.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain with isolated falls occurred over northern parts of Andaman and Nicobar Islands, parts of Manipur, Meghalaya, Sikkim and one or two parts of Kerala and Lakshadweep.Light to moderate rain occurred at isolated places over rest of North East India, Interior Tamil Nadu, Coastal and North Interior Karnataka, parts of North and East Uttar Pradesh and Jharkhand.Light rain occurred over Chhattisgarh, Coastal Andhra Pradesh, Konkan and Goa and parts of Jammu and Kashmir.Dust storm, thunderstorm and light rain occurred in parts of Haryana and North Rajasthan of Delhi.Heat wave is prevailing in different parts of North Madhya Pradesh.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain with one or two parts of Sikkim, North East India, parts of Andaman and Nicobar Islands, Lakshadweep, Rayalaseema and South Interior Karnataka and Kerala is likely to occur at isolated places.Light to moderate rain may occur over Coastal Karnataka, Interior Tamil Nadu, Sub-Himalayan West Bengal and Jammu and Kashmir.Heat wave is possible in isolated parts of Rajasthan, South-West Uttar Pradesh and Madhya Pradesh.

Rupee slips 10 paise to close at 77.60 against US dollarThe rupee depreciated by 10 paise to close at 77.60 (provisional) against the US dollar on Thursday, even as oil prices eased and domestic equities settled on a positive note.Sensex rebounds after 2-day hiatus, ends 437 pts higher; Nifty tops 16,600; RIL up 4%, Adani group stocks rally up to 5%sensex jumping 437 points amid heavy buying in index heavyweight Reliance Industries and positive trends from European markets. The 30-share BSE Sensex jumped 436.94 points or 0.79 per cent to settle at 55,818.11. During the day, it gained 510.75 points or 0.92 per cent to 55,891.92. The broader NSE Nifty climbed 105.25 points or 0.64 per cent to finish at 16,628.   

Powerloom units resumes production in Coimbatore and Tirupur districts after yarn price hikeMost of the powerloom units in Tirupur and Coimbatore have resumed their operation which was halted in protest of rise of yarn rates, on Wednesday.The job work weavers who depend on beams manufactured by powerlooms were greatly suffering by the stoppage of operations and thus for their sake the units started them again as told by, K Sakthivel, co-ordinator of Tirupur and Coimbatore Textile Manufacturers Federation. We are also looking forward to shift to artificial yarns like polyester and rayon to keep the working on. Units will start working with cotton again as soon as the price drops, he added.On the other side, G Venkatesan, vice president of South India Spinners Association said the spinning mills will continue to strike by cutting their production. They are operating on 40% capacity just to keep the spindles in good condition.

Rupee collapses against dollar, opens weak by 9 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 9 paise at Rs 77.61 against the dollar. At the same time, on Wednesday, the rupee closed at Rs 77.52 with a strength of 12 paise against the dollar.

The country's wheat output is estimated to drop by about 3 per cent to 106.41 million tonnes in the 2021-22 crop year (July-June) from the previous year, agriculture ministry said in its latest estimate released on Thursday. The production is, however, lower by 4.61 per cent from the earlier estimate of 111.32 million tonnes projected for the 2021-22 crop year, the data showed.

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High cotton prices are plaguing textile firms, and many mills are being forced to shut operations. This situation could have been avoided with some corrective measures.

All India Weather Forecast for June 1, 2022Weather systems made across the countryThe Western Disturbance is being seen as a cyclonic circulation over Jammu and Kashmir and adjoining parts of Pakistan.The Induced Cyclonic Circulation lies over Northwest Rajasthan and adjoining areas.A Low Pressure Line is extending from a cyclonic circulation over West Rajasthan to Bangladesh across Haryana, Uttar Pradesh and Bihar.A Cyclonic Circulation is persisting over Jharkhand and adjoining areas.A cyclonic circulation lies over North Kerala and Karnataka coast over Southeast Arabian Sea at 3.1 to 4.5 km above mean sea level.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain with isolated heavy falls occurred over Lakshadweep, Andaman and Nicobar Islands and Kerala.Light to moderate rain occurred over Coastal and South Interior Karnataka, parts of Rayalaseema, Sub-Himalayan West Bengal, parts of Assam, Meghalaya, Nagaland, Himachal Pradesh and Jammu and Kashmir.Light rain occurred over Telangana and Chhattisgarh and at isolated parts of North Interior Karnataka, Vidarbha and South-East Rajasthan.Dust storm, rain accompanied by thunderstorm and isolated hailstorm occurred over Haryana, Delhi NCR and western parts of Uttar Pradesh.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain with isolated places will occur over Northeast India, Sub-Himalayan West Bengal, Sikkim, Andaman and Nicobar Islands, Lakshadweep, parts of Kerala, Coastal Karnataka, South Interior Karnataka, Interior Tamil Nadu and Rayalaseema. But there is a possibility of heavy rain.Light to moderate rain is possible over parts of Jammu and Kashmir and Himachal Pradesh.Light rain is possible over Telangana and North Interior Karnataka.Light rain is possible over Uttarakhand, Vidarbha, Marathwada, South Madhya Maharashtra, South Chhattisgarh, Coastal Andhra Pradesh and one or two parts of Odisha.Scattered rain and thundershower activities are possible over Haryana, Delhi and West Uttar Pradesh.

All India Weather Forecast for May 31, 2022Countrywide weather systemsThe Cyclonic Circulation lies over Southeast Arabian Sea and adjoining Kerala, it extends up to 5.8 km above mean sea level.A Western Disturbance as a cyclonic circulation lies over North Pakistan and adjoining Jammu and Kashmir.An East West Trough is extending from Northwest Rajasthan to Assam passing through Haryana, Uttar Pradesh, Bihar and Sub-Himalayan West Bengal.Weather movement across the country during the last 24 hoursDuring the last 24 hours, Lakshadweep, Kerala, Jharkhand and Northeast Bihar received light to moderate rain with isolated heavy rains.Light to moderate rain occurred at isolated places over Sub-Himalayan West Bengal, Andaman and Nicobar Islands, Telangana, North Coastal Odisha and North East Madhya Pradesh.Light to moderate rain occurred at isolated places over Interior Odisha, parts of Chhattisgarh, East MP, West Uttar Pradesh, Uttarakhand and Delhi NCR, East Rajasthan, Haryana and Assam.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain at isolated places is possible over Lakshadweep, Sikkim and Sub-Himalayan West Bengal, Assam and Meghalaya.Rest of Northeast India, Andaman & Nicobar Islands, Kerala, parts of Tamil Nadu, Coastal Karnataka, Northeast Bihar and Western Himalayas may receive light to moderate rains.Light rain is possible over Jharkhand, Odisha, Gangetic West Bengal, Interior Karnataka, Andhra Pradesh and Chhattisgarh, Vidarbha, Marathwada and parts of Konkan and Goa.