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Effect of increase in raw material prices, 10 percent reduction in India's apparel exports

Effect of increase in raw material prices, 10 percent reduction in India's apparel exportsThe rise in cotton and yarn prices in the current financial year has had an impact on textile and apparel exports from India. Textile and apparel exports have come down by 10 per cent over the previous year due to rising raw material prices. It is to be known that in the year 2021-22, there was a growth of 41 percent in the textile and apparel export trade from India.Looking at the recent report by Wazir Textiles, last year where all the top companies like Welspun, Vardhman, Arvind, Tident, KPR Mills, Indo Count, RSWM, Filatex, Nahar SPG and Indorama saw growth in sales. Whereas in the first two months of the current financial year, there has been a decline in sales.A major reason for the increase in exports in the year 2021-22 is the lack of demand in the US and Europe, the adoption of China plus one policy adopted by various countries. Last year, the pandemic did not even affect factories and unlisted companies also performed well. AEPC Chairman Narendra Goenka said that raw material prices are very high this year. This is the reason why there has been a steady decline in demand.Looking at the last year sales of major textile companies, Welspun saw a growth of 13 percent, Arvind 65 percent, Vardhman 60 percent and Trident 54 percent in the year 2021-22 as compared to the year 2020-21. The largest contributor to this increase was given by the United States. Which contributed to 27 percent of India's textile and apparel exports. This was followed by the European Union contributing 18 percent, Bangladesh 12 percent and the UAE 6 percent.With the rise in raw material prices this year, the possibility of a crisis in the near future is clear. According to experts, only those who have stock of cotton or yarn in old rates will be able to earn profit in the present time. The AEPCS has blamed the Ukraine crisis for this decline in export demand. According to him, demand in the US and Europe has slowed this year due to the Ukraine crisis as energy prices have risen.

Good news for cottonseed oil mills, license will be available easily

Good news for cottonseed oil mills, license will be available easilyThe Haryana government has made a relief announcement for the mills making oil from cotton seeds. From now on, cottonseed oil operators will be able to get crushing license by paying one time tax. Traders can get a license by paying a tax of Rs 42 thousand per unit spiller. Haryana Chief Minister recently gave this information in a business meeting. He said that at present, it is mandatory for the cotton unit to be brought from outside for crushing to fill the L-1 form. Which will not have to be filled after this decision. The trader running the crushing unit is very excited by this news.Cottonseed oil being sold more expensive than palm and mustard Right now this decision has been taken for 3 years. After that it will be reviewed again. Presently Haryana has 453 Crushing Units and 1520 Spiller Units. After this announcement, the Haryana government will get a revenue of Rs 42 thousand per spiller as processing fee. At present, Gujarat has the highest production and consumption of cottonseed oil in the country. Apart from this, it is also available in good quantity in Haryana, Punjab and MP. At present, cottonseed oil prices are higher than palm and mustard oil due to higher cotton prices. At present 10 kg cottonseed oil is being sold for Rs 1580 to Rs 1600.it will benefitBusiness will increase in the state.There will be an increase in the revenue of the government.Getting a license would be easy.

Confusing statistics of cotton sowing

Confusing statistics of cotton sowingMinistry of Agriculture and Farms Welfare released All India Cotton Sowing ReportThere are confusions in the world of cotton that it is not taking the name of ending. Industry people were already worried about the rising prices of cotton. After that, the association increased the confusion many times by continuously altering the figures of Cotton Aravil. Now, just as the situation was beginning to become clear, the recently released Cotton Sowing Report of the Ministry of Agriculture and Farms Welfare has again brought a twist in the story. Yes, according to this report, so far this season cotton sleeping is 5.96 percent less than last year. Whereas in almost all cotton sleeping states, the sleeping area is being said to increase this year. So once again the situation is in contradiction.In fact, according to this report, till June 17, 2022, the total cotton seeding in India has been 19.57 lakh hectares. Whereas till the same time last year, cotton was sown in 20.265 lakh hectares. Sowing less of 1.208 lakh hectares has been recorded in a year. If we look at this report by Zone Vice, then the scenario of South Zone is positive. So far, sleeping has been done in 2.098 lakh hectare, which is 152.16 percent more than last year. In the South Zone, there has been a tremendous increase in the sleeping area in Andhra Pradesh, Telangana and Karnataka. But the overall India report is negative.There is a decrease in the sleeping area in both the North Zone and Central Zone as compared to last year. In the North Zone, this year the total sleeping has been done in 13.458 lakh hectares, whereas last year the figure of sleeping here was 13.942. In the Central Zone too, the sleeping area has decreased by 37.51 so far this year. The reduction in sleeping figures is astonishing, as everyone was expecting the sleeping area to increase. According to experts, the increase in sleeping area is certain, at present, the figures of decrease are because most of the states have not received rain, due to which farmers have not even done sleeping.

All India Weather Forecast for June 17, 2022

All India Weather Forecast for June 17, 2022Weather systems made across the countryThe Cyclonic Circulation lies over South-West Rajasthan.From this cyclonic circulation, a trough is extending up to central parts of Arabian Sea.Another trough is extending from Northwest Uttar Pradesh to Assam across Bihar, Sub-Himalayan West Bengal and Sikkim.The Cyclonic Circulation lies over South West Bay of Bengal and adjoining parts of Sri Lanka.A trough is extending from Bihar to East Madhya Pradesh up to Coastal Andhra Pradesh.Weather movement across the country during the last 24 hoursDuring the last 24 hours, moderate to heavy rains occurred over Northeast India and Sub-Himalayan West Bengal.ADVERTISEMENTLight to moderate rain at isolated places occurred over Odisha, Coastal Andhra Pradesh, parts of Telangana, Lakshadweep and Konkan and Goa.Light to moderate rain occurred over Bihar, Jharkhand, Madhya Pradesh, Chhattisgarh, Vidarbha, Kerala, Tamil Nadu, Coastal Karnataka, Uttarakhand, Himachal Pradesh Hotel, South Gujarat and Southwest Uttar Pradesh.Light rain occurred over Gangetic West Bengal, Interior Tamil Nadu, Rayalaseema, East Gujarat, Andaman and Nicobar Islands, parts of Delhi, Haryana and East Rajasthan.Heat wave conditions occurred at one or two places in Himachal Pradesh, Uttar Pradesh and Bihar.Weather activity likely during next 24 hoursDuring the next 24 hours, moderate to heavy rains are likely to continue over Northeast India, Sub-Himalayan West Bengal and Sikkim.Light to moderate rain with isolated heavy falls very likely over Odisha, parts of Chhattisgarh, East Madhya Pradesh, Telangana, Karnataka, Lakshadweep Lakshadweep and light to moderate rain at isolated places over Kerala .Light to moderate rain is possible over Bihar, Jharkhand, Karnataka, parts of Tamil Nadu, Andaman & Nicobar Islands, Vidarbha, Marathwada, Konkan & Goa, Western Himalayas, Punjab, Haryana, Uttar Pradesh and parts of Delhi & NCR.Light rain is possible over North and East Rajasthan, parts of Gujarat and West MP.

All India Weather Forecast for June 16, 2022

All India Weather Forecast for June 16, 2022Countrywide weather systemsThe Western Disturbance is over North Pakistan and adjoining areas of Jammu and Kashmir.An offshore trough is extending from Karnataka Coast to Kerala Coast.A cyclonic circulation is tilting towards the southwest over the central part of North Arabian Sea with an altitude between 3.1 and 5.8 km above sea level.A trough is extending from a cyclonic circulation over Arabian Sea to southwest Rajasthan across northeast Arabian Sea and Kutch.A low pressure line is seen from East Uttar Pradesh to Manipur passing through Bihar, Sub-Himalayan West Bengal, Sikkim and Assam.Weather movement across the country during the last 24 hoursDuring the last 24 hours, Assam and Arunachal Pradesh received moderate to heavy rains.Light to moderate rain with isolated heavy falls occurred over Gangetic West Bengal, Sikkim, Rayalaseema, parts of Chhattisgarh and Lakshadweep.ADVERTISEMENTLight to moderate rain with isolated heavy rain occurred over Tamil Nadu, Kerala, North Coastal Odisha and Sikkim.Light to moderate rain occurred over Coastal Karnataka, parts of Gujarat, Odisha, East Rajasthan, South Interior Karnataka and South Coastal Andhra Pradesh.Light rain occurred at one or one place over Konkan and Goa, Madhya Maharashtra and Southeast Rajasthan, East Madhya Pradesh, Jharkhand, East Bihar, Telangana, Interior Karnataka and Andaman and Nicobar Islands.Heat wave conditions have been observed in one or two parts of Uttar Pradesh.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain with very heavy to very heavy falls very likely over Assam and Meghalaya.Light to moderate rain at isolated places is possible over Sikkim, rest of Northeast India, parts of Bihar, East Madhya Pradesh, parts of Kerala, Coastal Karnataka, Rayalaseema, Lakshadweep and Tamil Nadu.Light to moderate rain is possible over Western Himalayas, Punjab, Chhattisgarh, Odisha, Telangana, Coastal Andhra Pradesh, Maharashtra, Tamil Nadu, Andaman and Nicobar Islands and East Gujarat.Dust storm, thundershowers may occur over parts of Haryana, Punjab, Uttar Pradesh, Delhi, North and Northeast Rajasthan and North Madhya Pradesh.Heat wave will stop from all over the country.

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