Trump, Modi Confident of Positive Outcome in Bilateral Trade DiscussionsPresident Donald Trump on Wednesday took to Twitter to announce progress in ongoing trade negotiations between the United States and India, expressing confidence that the discussions would conclude successfully.“I am pleased to announce that India and the United States of America are continuing negotiations to address the trade barriers between our two nations. I look forward to speaking with my very good friend, Prime Minister Modi, in the upcoming weeks. I feel certain that there will be no difficulty in coming to a successful conclusion for both of our great countries,” Trump said.Responding to Trump’s remarks, Prime Minister Narendra Modi echoed optimism about the future of bilateral ties, emphasizing the natural partnership between the two nations.“India and the US are close friends and natural partners. I am confident that our trade negotiations will pave the way for unlocking the limitless potential of the India–US partnership. Our teams are working to conclude these discussions at the earliest. I am also looking forward to speaking with President Trump. We will work together to secure a brighter, more prosperous future for both our people,” Modi said.The statements signal renewed momentum in bilateral efforts to address trade barriers and strengthen economic cooperation, as both leaders prepare for further dialogue in the coming weeks.read more :-PM Modi will lay the foundation stone of PM Mitra Park in Dhar on September 17
PM Modi will lay the foundation stone of PM Mitra Park in Dhar on September 17, cotton farmers and industry will benefit.The country's first PM Mitra (Prime Minister Mega Integrated Textile Region and Apparel) park is going to be built in Dhar district of Madhya Pradesh. PM Narendra Modi will lay the foundation stone of this mega textile park in Bhaisola village of Badnawar tehsil of the district on September 17. This park will be a cotton-based industrial hub, which will give a new direction to the state's economy and create employment opportunities for lakhs of people. State CM Dr. Mohan Yadav gave this information in a review meeting organized on Monday regarding the preparations for the program.About 3 lakh employment opportunities will be createdChief Minister Mohan Yadav said that PM Mitra Park will provide about 1 lakh direct and more than 2 lakh indirect employment opportunities. Overall, more than 3 lakh people will benefit from it. This opportunity will give new possibilities especially to the farmers and local youth of cotton producing areas.These cotton districts will benefitDistricts like Dhar, Jhabua, Ujjain, Khargone and Barwani are already ahead in cotton production. In such a situation, setting up a large cotton-based industrial park here will prove beneficial for both farmers and industry. With the availability of raw material and better infrastructure for industries, the entire value chain of cotton will develop at one place.Farm to Fashion - All work at one placeThe objective of PM Mitra Park is to give real shape to the concept of 'Farm to Fashion'. In this, the entire process from yarn production, weaving, dyeing and garment manufacturing will be done at one place. This will reduce costs, save time and also increase export capacity. The Indian textile sector will get stronger in competition at the international level.The government estimates that investors' interest in this park will increase. Big entrepreneurs of the textile and garment sector will invest here. This will not only increase employment at the local level, but will also provide opportunities to small entrepreneurs and startups. The youth will get a chance to work with skill development and new avenues of employment will open up for women as well.Approach road and other preparations in full swingCotton and textile sector play an important role in the state's economy. This contribution will be further strengthened with the opening of this park. With the increase in industrial production, the state's exports will increase and farmers will also get better prices. New sources of income will be developed in both rural and urban areas.This project is the first of the seven PM Mitra parks under the Centre's ambitious scheme, whose bhoomi pujan is going to take place. In the coming time, such parks will be established in other states as well. The state government has started extensive preparations for the park. Preparations for transport system and connecting roads are in full swing. At the same time, the layout of the venue has been prepared.read more :-Giriraj Singh's $100 billion export vision
Union Textiles Minister Giriraj Singh Chairs MSME Exporters Meet, Charts Path to $100B ExportsUnion Minister of Textiles Giriraj Singh on Tuesday chaired a consultation with MSME textile exporters, underlining India’s roadmap to scale exports to $100 billion by 2030 despite global headwinds, including the recent 50% US tariff on Indian imports.Singh highlighted India’s resilient performance: textile exports grew 5.37% in July 2025 to $3.1B, with April–July exports up 3.87% year-on-year. Key segments like readymade garments (+7.87%), carpets (+3.57%), and jute products (+15.78%) led the growth. Strong gains were also seen in partner markets such as Japan (+17.9%), UK (+7.39%), and UAE (+9.62%).The Minister stressed the need for strategic diversification into 40 new global markets, which collectively represent nearly $600 billion in textile imports, while deepening domestic demand in line with the PM’s “Vocal for Local” call.GST reforms announced in the 56th GST Council meeting were hailed as a “game-changer,” promising to lower costs, boost demand, and enhance competitiveness across the textile value chain. Singh reiterated the government’s “Farm to Fibre to Factory to Fashion to Foreign” (5F) formula as India’s growth mantra.Exporters welcomed reforms but sought fiscal support, simpler compliance, and stronger global branding of handlooms, handicrafts, and GI-tagged Swadeshi products. Singh urged exporters to build warehouses in key global markets and leverage e-commerce to directly reach international consumers.The government has already rolled out measures to boost competitiveness, including cotton import duty exemption till Dec 2025, extended export obligations, and an expanded PLI scheme window.Reaffirming Vision 2030, Singh said India aims for a $250B domestic textile market alongside $100B in exports, powered by market diversification, innovation, and Swadeshi-driven growth.“India will compete in America and in the $800B global textile market. With MSMEs at the core, we will emerge stronger,” Singh asserted.read more:- Tariff crisis: Textile orders worth Rs 40 billion cancelled in Tirupur
Existence of textile exporters in danger due to tariff; Tirupur most affected, orders worth Rs 40 billion cancelledThe 50 per cent tariff imposed by the US has increased the difficulties of the Indian textile industry. Exporters are not able to bear the impact of the tariff. In such a situation, the textile industry needs immediate incentives. According to the report of MK Research, the earlier imposed tariff has led to a decline in the margins of the textile industry. The additional tariff will further reduce the margins of the industry, which is struggling to remain competitive in the global markets.According to the report, the textile industry is not getting new orders from the US due to high tariffs. Old orders are also being cancelled, due to which inventory is increasing. In such a situation, government help is necessary for the industry and especially micro, small and medium enterprises (MSMEs), because their books are not as strong as those of large exporters. The industry needs fiscal incentives to bear the tariff shock and remain relevant in the global supply chain. If necessary steps are not taken immediately, not only will the existence of small companies be in danger, but a large number of jobs will also be lost.Tirupur most affected, orders worth Rs 40 billion cancelledThe Tirupur cluster, which has a 55-60 percent share in the country's knitwear exports, is badly affected by the tariff. Clothes worth about Rs 700 billion are exported from here. Due to the tariff, orders worth about Rs 40 billion that Tirupur used to get from the US have been cancelled.India has about four percent share in the global textile market, which is much less than Bangladesh (13 percent) and Vietnam (9 percent).Pressure due to these reasons tooPayments are getting delayed by US retailers.Rising inventory has created additional pressure on domestic companies.MSMEs are extremely vulnerable to barriers in international trade.Due to implementation challenges in free trade agreements, its full benefit is not being received.Tirupur most affected, orders worth Rs 40 billion cancelledThe Tirupur cluster, which has a 55-60 percent share in the country's knitwear exports, is badly affected by the tariff. Clothes worth about Rs 700 billion are exported from here. Due to tariffs, Tirupur has lost orders worth about Rs 40 billion from the US.India has a share of about four per cent in the global textile market, which is much less than Bangladesh (13 per cent) and Vietnam (9 per cent).There is also pressure due to these reasons* Payments are getting delayed by US retailers.* Rising inventory has created additional pressure on domestic companies.* MSMEs are extremely vulnerable to barriers in international trade.* Full benefits are not being reaped due to implementation challenges in free trade agreements.read more:- Rupee open Falls 02 Paise to 88.13/USD
Rupee opens 2 paise lower at 88.13/USD as Trump backs trade talks while reportedly urging EU to tariff IndiaThe Indian rupee opened 2 paise weaker at 88.13 against the US dollar on September 10, following a news report that US President Trump has asked the European Union to hit China and India with tariffs of up to 100% over the countries’ Russia oil purchases.read more :- Interview of Sanchit Rajpal, ED of Manjit Cotton, on CNBC Awaaz
*Interview of Sanchit Rajpal, ED of Manjit Cotton, on CNBC Awaaz**Reduction in cotton sowing** Cotton sowing in 2024-25: 112.13 lakh hectares* Estimated in 2025-26: 109.17 lakh hectaresThat is, there has been a decline of about 3% in sowing.*India's situation and yield*Today, about 50 countries of the world grow cotton.* India is number 1 in area, but in terms of productivity (yield) we come at 35th place.* The average production in India is 600 kg / hectare, whereas in China, Brazil and America it has reached 2500–2800 kg / hectare.The main reason for this is that till now only 3-4 generations of BT seeds are being used in India, whereas the world has reached 6-7 generations today.Therefore, it is very important to bring new seeds and technology to increase production. This will not only increase productivity, but farmers will also be attracted towards cotton cultivation.*Impact on global market and export** Cotton prices have been under pressure for the last few years.* Global demand remained weak and the situation worsened due to tariff war.* India once used to export up to 20% of its production, but today the situation has changed and it has started depending on imports.*Impact of prices and MSP** MSP (minimum support price) in India is a support for farmers, but it affects the industry.* Due to high MSP, the industry has to buy expensive cotton, whereas cotton is available cheaper in the international market.* This is the reason why textile exports slowed down and countries like Bangladesh got a competitive edge.*Cotton vs Man-made fiber** Tensil, bamboo and other man-made fibers are now rapidly emerging as alternatives in the market.* Man-made fibers are more consistent than cotton.* Still, the global trend is towards sustainability and hence cotton is expected to remain important.*Forward Outlook** Given the current conditions—such as tariffs, mill conditions and global demand—cotton prices are likely to remain under pressure in the near future.read more :- INR drop 11 Paise, Closes at 88.11 per Dollar
The Indian rupee on tuesday lower 11 paise to close at 88.11 per dollar, while it opened at 88.00 in the morning.At close, the Sensex was up 314.02 points or 0.39 percent at 81,101.32, and the Nifty was up 95.45 points or 0.39 percent at 24,868.60. About 1893 shares advanced, 2028 shares declined, and 160 shares unchanged.read more :- Cotton prices fell: Farmers' problems increased
Cotton Market: Cotton prices will make farmers cry; consequences before the season starts?Cotton Market: The central government has decided to reduce the import duty on cotton from 11 percent to zero by December 31. This will benefit the textile industry, but farmers will be disappointed once again. Cotton prices are likely to remain at the guaranteed price this season. (Cotton Market)Results before the cotton season starts?The central government has taken this decision with one month left for the cotton season to start.This exemption has been given so that the textile industry can get cheap cotton. However, it is clear that this will not boost domestic cotton, but will lead to a fall in prices.Effects of zeroing import dutyTraders will import cheap cotton from abroad instead of buying from the domestic market.This will reduce the demand for our cotton.As a result, farmers will not get the expected prices and prices will fall in the cotton market.This year's guaranteed priceLong-strand cotton: 7,710 to 8,110 per quintal.To get this price, farmers have to sell cotton at CCI (Cotton Corporation of India) procurement center.It is also mandatory for farmers to keep a record of the cotton sown in their fields.Cotton prices in the last 5 yearsAnnual average price (₹/quintal)2021 12,0002022 8,0202023 7,0202024 7,5212025 8,110It is clear from the above data that after 2021, cotton prices have fallen continuously and this year too farmers will not get much relief.Picture of cotton sowing in the districtThis year cotton has been sown in about 3 lakh hectares.Compared to last year, there has been a decrease of about 1 lakh hectare in cotton cultivation.There is a continuous decline in the cotton acreage due to farmers not getting the expected price.The decision of the Central Government to make the import duty on cotton zero will reduce the domestic demand. As a result, prices will fall. Farmers will have to sell cotton at the CCI procurement center. - Rajendra Shelke Patil, Farmer, DhamoriThe textile industry will benefit from the abolition of import duty. They will be able to import good goods at a lower price. However, due to this, the ginning industry is likely to collapse. - Rasdeep Singh Chawla, Secretary, Maharashtra Ginning AssociationThere is already pressure on the prices of cotton, in such a situation, this decision of the Central Government will increase the problems of the farmers. The textile industry will get relief, but farmers may have to face disappointment once again.read more :- Cotton prices fell: Farmers' problems increased
India trails Vietnam and Bangladesh in US textile import growth US textile and apparel imports from India grew more slowly than from Vietnam and Bangladesh during January–July 2025, according to a comparative analysis by the Confederation of Indian Textile Industry (CITI) based on the latest OTEXA trade data.Imports from Bangladesh increased by 21.1 per cent in the first seven months of this year, and from Vietnam by 17.7 per cent, while imports from India rose by 11.4 per cent. In contrast, US imports from China saw a sharp decline of 19.9 per cent during the same period.CITI noted that in July 2025, US imports from Vietnam and Bangladesh rose by 14.2 per cent and 5.2 per cent, respectively, over July 2024. While growth momentum moderated compared to June 2025, both countries continued to strengthen their market position in the US.According to trade data, US imports from Vietnam increased to $1.86 billion in July 2025 from $1.63 billion in July 2024. Overall imports from Vietnam grew to $10.41 billion in January–July 2025 compared with $8.84 billion in the corresponding period of last year.US imports from Bangladesh rose 5.2 per cent to $0.750 billion in July 2025 against $0.710 billion in July 2024. Cumulative imports expanded to $5.110 billion during January–July 2025, up from $4.220 billion in the same period last year.In July 2025, imports from India increased 9.1 per cent to $0.860 billion from $0.79 billion in July 2024. Total imports from India grew to $6.220 billion in January–July 2025 compared with $5.58 billion a year earlier.read more:- INR Opens Stronger by 26 Paise at 88.00
Rupee opens 26 paise up at 88 on easing dollar indexThe currency opened at 88 against the US dollar after ending the previous session at 88.26.read more :- India's cotton procurement set to reach record level
Towards a record purchase of cotton in India India’s cotton sowing area has slightly declined this season, but the country is poised to purchase a record quantity of seed cotton (kapas) after an 8.27 per cent increase in the minimum support price (MSP). The government will procure cotton through the Cotton Corporation of India (CCI). With the exemption of import duty until the end of December 2025 keeping prices from rising, farmers will have little choice but to sell to the government.According to the Ministry of Agriculture, India’s cotton sowing area stood at 108.77 lakh hectares as of August 29, 2025, 2.62 per cent lower than 111.39 lakh hectares during the same period last year. The five-year average is 129.50 lakh hectares. Cotton sowing typically begins in May in north India and continues until the third week of September in central states.The ministry estimated cotton production at 306.92 lakh bales of 170 kg each, 5.8 per cent lower than the 2023–24 marketing season. The Cotton Association of India (CAI) projected production at 311.40 lakh bales in its August 2025 report. Lower acreage may reduce production in the 2025–26 marketing season, beginning in October. However, government procurement is expected to remain strong due to current market dynamics. The MSP for medium staple cotton was raised by 8.27 per cent to ₹7,710 per quintal this year.Trade sources noted that while higher MSP benefits farmers, it makes Indian cotton less competitive globally. ICE cotton December 2025 contracts traded at 66.03 US cents per pound, equivalent to ₹45,700 per candy of 356 kg (₹128 per kg). Even after adding import costs, foreign cotton will remain cheaper, while Indian cotton will cost no less than ₹63,000 per candy under the increased MSP.The government recently extended duty-free cotton imports until December 2025, allowing the domestic textile industry continued access to cheaper cotton for an additional three months. The duty removal was initially limited to 40–42 days until the end of September, when the current marketing season ends, but was extended into the new season starting in October, when arrivals will pick up mid-month.Market experts believe duty-free imports during the first three months of the new season will prevent domestic prices from rising. With domestic demand slowing due to cheaper imports, farmers will be compelled to sell to the CCI. Experts estimate procurement may reach 140 lakh bales, around 40 per cent higher than the current season’s 100 lakh bales, setting a new record for government cotton purchases.read more:- Cotton crisis in Punjab: 20 thousand acres of crop affected due to rain
Punjab: Cotton in crisis : Incessant rains dampen hope of good crop, 20 thousand acres of cotton affected.The first harvest of cotton has begun in some parts of Punjab, but unfavorable rains for the major kharif crop have left farmers worried about financial losses.According to information received from the field, more than 20,000 acres of land under cultivation have been adversely affected by waterlogging.Wet climatic conditions have exposed the crop to fungal attack, while as the crop moves towards mass harvest, an infestation of the deadly pink bollworm is also looming. Agriculture officials said a good crop was expected, but rains lashed the region, reducing the chances of revival of the cotton crop in the parched Malwa region.Official information revealed that Mansa has been the most rain-affected district, with more than 13,500 acres of cotton crops affected.In Fazilka, 6400 acres of cotton fields have been completely damaged due to waterlogging, while other areas of the Abohar region of the district are also likely to suffer crop loss due to rains in the dry zone.Harpreet Kaur, Chief Agricultural Officer (CAO) of Mansa, said that repeated rains in the last week have affected the cotton crop. Our field teams are advising farmers on damage control, which is in the final stages of harvesting," said Kaur. She added that dewatering of the fields can bring relief only if there is no rain again at this critical juncture.Cotton farmer Jasdeep Singh said, "Rains are becoming a serious threat to the crop." Abohar Agriculture Officer Parminder Singh Dhanju said that more than 6400 acres of cotton has been damaged in Saidanwali, Khuiyan Sarwar, Alamgarh, Dewan Kheda and surrounding areas.Heavy rains on August 4 flooded the sandy fields, killing the plants. "The first harvest of cotton has started and the cotton buds are being attacked by fungus due to the recent rains," Dhanju said.*Minor impact in Bathinda and Muktsar.*According to Chief Agriculture Officer Jagdish Singh, many areas have seen outbreaks of pink gorse and this attack may spread further. The official said that there has been limited impact on the kharif crop due to low rainfall in Bathinda.Prolonged cloudiness has increased its effect, but there has been no widespread adverse effect on the crop. We are hopeful that the cotton crop in the district will be better this time," he said.read more :- Triple threat to Indian agriculture: floods, rains, crop diseases
Triple crisis on India's farmland: Punjab, Maharashtra, Madhya Pradesh hit by floods, rains and crop diseasesNew Delhi: India's agricultural heartlands Punjab, Maharashtra and Madhya Pradesh are facing crop destruction due to floods, incessant monsoon rains and viral outbreak on crops.Millions of acres of Kharif crops have been destroyed, leading to urgent demands for financial relief.Floods in Punjab submerge 4 lakh acres of farmland:Punjab Agriculture and Farmers Welfare Minister Mr Gurmeet Singh Khudian has appealed to the Centre for an immediate relief package after over four lakh acres of farmland have been inundated due to floods. Amritsar, Gurdaspur and Kapurthala districts have been the worst affected, where standing paddy crops have suffered the most damage just weeks before harvesting."These floods have caused unprecedented damage to crops, rural infrastructure and livelihoods," Khudian said.Maharashtra reels under monsoon fury:In Maharashtra, incessant monsoon rains between August 15 and 20 inundated about 14.44 lakh hectares of land in 29 districts. Nanded was the worst-affected district, with 6.20 lakh hectares of land inundated, followed by Washim, Yavatmal and Dharashiv. Crops such as soybean, cotton, maize, urad, tur, green gram, vegetables, fruits, bajra, sugarcane, onion, jowar and turmeric have been affected.Soybean crops in Madhya Pradesh under threat from yellow mosaic virus:Madhya Pradesh, India’s leading soybean-producing state, is facing a severe outbreak of yellow mosaic virus (YMV) in Mandsaur and adjoining districts. The infection has affected the health and productivity of crops in several villages, raising concerns about yield losses and regional oilseed production targets for 2025.Impact on Rabi Crop Planning:The destruction of Kharif crops in Punjab, Maharashtra and Madhya Pradesh is expected to accelerate preparations for the upcoming Rabi season. Farmers may quickly start land preparation and sowing to recover from the losses and ensure timely sowing, which will be crucial to maintain production and ensure income. Adequate soil moisture this year will help in timely sowing. Agricultural experts have stressed that careful planning and adequate support measures will be necessary to prevent further losses in the Rabi season.read more:- India's cotton crisis: From big exporter to net importer
*From large exporter to net importer: India’s looming cotton crisis.*BT cotton, a GM variety once glorified as white gold, has run its course. This lies at the heart of the crunch. It no longer defends against pests.New Delhi: The current summer-sown season will be his last tryst with cotton, a crop that once brought prosperity in his entire village, said Kailash Rao Kadam, a 55-year-old grower from western Maharashtra.Although farmers like him commonly face fluctuations in profits, the lowest prices in three years, which cotton buyers however deem high because the fibre is much cheaper abroad, and a decline in productivity have convinced Kadam to switch to something else.The worsening terms of trade has turned India, a large exporter, into a net importer. Cotton imports this year, at 300,000 bales, have outweighed its exports of 1,700,000 bales. “If I continue with cotton, it will make me a beggar,” Kadam said over the phone from Aurangabad.The popular BT cotton, a genetically-modified variety once glorified as white gold, has run its course. This lies at the heart of the crunch. It no longer defends against pests, having lost its effectiveness over the years, and alternatives are few and far between.Many farmers, especially in Punjab, have switched to desi (traditional) varieties to fend off voracious whiteflies, which can devour whole fields overnight, said Joginder Dhinsa, a grower from Mansa.The crisis has deepened this year because the government has allowed duty-free imports for a four-month period until December to cushion the textile sector, battling losses amid high domestic prices of the fibre. The highly labour-intensive sector is also bracing for the worst impacts of US President Donald Trump’s 50% tariff.A inter-ministerial meeting last week acknowledged the need for a technology breakthrough soon enough and reviewed implementation of a five-year cotton productivity mission worth ₹2500 crore announced by finance minister Nirmala Sitharaman in this year’s Union Budget.The slide in cotton output is alarming. In the 2024-25, the country is expected to produce 29.4 million bales (of 170 kg each), the lowest in more than a decade. At the peak of BT cotton’s successful run in 2013-14, output stood at 39.8 million bales.The cotton productivity mission will focus on developing “climate-smart, pest-resistant, and high-yielding cotton varieties, including extra long Staple (ELS) cotton, using advanced breeding and biotechnology tools”, an official said.“Biotechnology tools” mean India could give a go ahead to an upgraded or next generation home-grown GM technology in cotton, although the government is against allowing transgenic food crops.Notes from the review meet showed that GM upgrades in the pipeline include field trials of a proprietary ‘BioCotX24A1’ transgenic technology of Bioseed Research India Ltd. The company has sought permission for a second round of field trials from Genetic Engineering Assessment Committee, the GM regulator.Another firm, Rasi Seeds Pvt Ltd, has sought clearances for first-stage field trials for a gene that is aimed to give protection against the pink bollworm, the main pest BT cotton was meant to kill.“The government is also looking at modernising 1000 ginning mills to bolster the sector under the plan announced as part of the budget,” an official said.read more :- Modi-Trump increased cooperation
*PM Modi and President Trump take first steps to patch up.*PM on Saturday reciprocated to Trump’s statement that he will always ‘be friends with Modi’ and there was nothing to worry about India-US special relationship. With both US President Donald Trump and Prime Minister Narendra Modi reaffirming their personal friendship and strength of bilateral ties, India and US have taken first steps to patch up the relationship which had turned sour over trade deal and Russian oil.With PM Modi reciprocating US President Trump’s statement that he will always ‘be friends with Modi’ and there was nothing to worry about India-US special relationship, it is now for the officials to get together and hammer out a final trade deal which is a win-win for both the countries.After the two leaders engaged each other, External Affairs Minister S Jaishankar also made it clear that PM Modi attaches a lot of importance to ties with US.Replying to a question, President Trump made it clear that he did not think that US had lost India to China. He also stated: “ I get along with Modi as you know, he was here a couple of months ago, we went to Rose Garden and did a press conference.”With the two leaders making it amply clear that they were all for closer bilateral ties, the next step perhaps would be the acrimonious noise coming from Washington against India will now either stop or soften up. There is also a strong possibility that the two leaders may pick up the phone to talk to each other and give directions to senior officials in a bid to cement ties.Coming out in the open after his telephonic conversation with President Trump on June 17, PM Modi used X and stated: “ Deeply appreciate and fully reciprocate President Trump’s sentiments and positive assessment of our ties. India and the US have a very positive and forward looking Comprehgensive and Global Strategic Partnership.”PM Modi’s statement on X reflects the sentiments on Raisina Hill as New Delhi was patiently waiting for noise from Washington to die down and for President Trump to reconsider the US position as India was in no way getting close to China. India was just normalizing ties with China while continuing to engage Russia.The mood on Raisina Hill is that all efforts may be made to conclude a trade deal with US after making the latter understand that the bilateral ties between two natural allies are for global good.India was positive that relations would turn for the better when one of India top national security planner visited US last month and met all the top officials of US intelligence and enforcement agencies. The message from US was that disagreement on trade was a just a hiccup and the bilateral relations will go on as usual.read more:- Andhra Pradesh: Cotton farmers shocked by removal of import duty
Andhra pradesh : cotton farmers hit hard by Centre’s duty lift on importsVijayawada: Cotton farmers in Andhra Pradesh are facing fresh uncertainty following the Centre's decision to lift import duties on cotton. With mills expected to import large volumes in the coming weeks, growers fear a sharp drop in domestic prices during the upcoming season.Andhra Pradesh ranks among the top cotton-producing states in India, after Gujarat, Telangana, and Maharashtra. While the Centre's move aims to ease the US-imposed tariff burden on the textile industry, it has come as a blow to farmers already grappling with years of low market prices.Despite the Cotton Corporation of India (CCI) entering the market, its stringent procurement rules have failed to support growers over the past two years. Farmers have been forced to sell to middlemen at Rs 4,000–Rs 5,000 per quintal — far below the Centre's declared Minimum Support Price (MSP) of Rs 7,110.In anticipation of further market distress, the Centre has increased the Minimum Support Price (MSP) for the 2025–26 cotton season, raising the rate for medium staple cotton from Rs 7,121 to Rs7,710 and for long staple cotton from Rs 7,521 to Rs 8,110.However, CPM leader P Ramarao criticized the removal of import duties, warning it would depress domestic prices and deepen farmer debt.Industry analysts echoed the concern, calling the decision a "knee-jerk reaction" that benefits textile exporters at the cost of cultivators.With the kharif harvest approaching, farmers fear the market will be flooded with cheaper imported cotton. Many worry that CCI may delay procurement to minimize its own losses, leaving growers vulnerable."Duty-free imports will flood the market and crush prices. Farmers who've already invested heavily will face severe financial strain," said former MP M Venugopala Reddy. He warned that the decision could worsen distress and trigger more suicides among AP's cotton-growing communities.read more:- CCI made cotton cheaper, 77% sales through e-bidding
CCI Decrease Cotton Prices, sold 77% of 2024–25 Procurement via E-BiddingThe Cotton Corporation of India (CCI) conducted online bidding for cotton bales throughout the week, with significant trading activity observed across both the Mills and Traders sessions. Over the course of Five days, CCI decreased its prices by a total of ₹300 per candy.As of now, CCI has sold approximately 77,48,700 cotton bales for the 2024–25 season, representing 77.48% of its total procurement for the season.Date wise weekly Sales Summary :01 September 2025 :The highest daily sales of the week were recorded on this day, with 1,85,700 bales sold from the 2024–25 season.Mills session : 63,600 balesTraders session : 1,22,100 bales02 September 2025 :A total of 1,71,300 bales were sold from the 2024–25 season.Mills session : 74,400 balesTraders session : 96,900 bales03 September 2025 :Sales amounted to 58,000 bales, all from the 2024–25 season.Mills session: 42,700 balesTraders session: 15,300 bales04 September 2025 :A total of 62,700 bales were sold from the 2024–25 season.Mills session : 11.900 balesTraders session : 50,800 bales05 September 2025 :The week concluded with sales of 21,700 bales.Mills session: 10,200 balesTraders session: 11,500 balesWeekly Total:CCI achieved total sales of approximately 4,99,400 bales for the week, underscoring its strong market engagement and the growing efficiency of its digital transaction platform.read more :- Two demands of GST fulfilled, relief expected: Cotton Association
Two out of three GST demands met, more relief expected: Cotton Association of India.Atul Ganatra, President of the Cotton Association of India, welcomed the goods and services tax (GST) cut and said it addressed long-standing industry concerns. “It was a long-standing demand pending from the industry, and it has been fulfilled,” he said.He explained that out of the three key demands made by the association, two have already been met. “Import duty to be removed - that has been done. Cotton Corporation of India (CCI), in the last 15 days, has cut 5% rate, almost ₹2,500 per candy. So out of the three demands, two have been fulfilled,” he said.Ganatra added that export incentives for yarn and cloth to the US remain pending. He said, “We feel that within another two weeks of time, we will have further relief from the government. We feel that an incentive will be given, and also CCI may reduce the further rate of cotton.”Dinesh Nolkha, Chairman and MD of Nitin Spinners, said the GST changes will help resolve the inverted duty structure that had created pressure for man-made fibre producers. “With this change, they can pass on the duty immediately, and their working capital flows are improved a bit,” he said, though he added there is no change in industry margins.Both industry leaders agreed that tariffs on exports to the US continue to hurt demand. Ganatra said, “Export to the USA has come down, and we may see coming months also the figures will come down, because I have heard that USA buyers are asking big discount, 30-35% which is not possible for an Indian exporter to give.” read more :- Rupee fell 16 paise to close at 88.26 against dollar
On friday, the Indian rupee fell by 16 paisa to close at 88.26 per dollar, while it had opened at 88.10 in the morning.At close, the Sensex was down 7.25 points or 0.01 percent at 80,710.76, and the Nifty was up 6.70 points or 0.03 percent at 24,741.00. About 2081 shares advanced, 1828 shares declined, and 152 shares unchanged.read more :- Gujarat: Relief package on cotton crop loss, applications started
*Gujarat: Agricultural relief package announced for cotton crop damage, online application started*The government has announced an agricultural relief package for the damage to cotton crops in Mahuva, Sihor, Ghogha, Umrala talukas of Bhavnagar. Assistance will be provided up to 2 hectares and applications can be made from 02/09/2025.During October-2024, agriculture was severely affected due to the adverse rainfall conditions in Bhavnagar district. Especially in the rural areas of Mahuva, Sihor, Ghogha and Umrala talukas, the cotton crop has suffered heavy damage. The state government has included the villages of these four talukas in the ‘Agricultural Relief Package’. This assistance will prove to be a blessing for the farmers, especially for the damage to the cotton crop.The government has announced “Agricultural Relief Package (Cotton) October-2024” to compensate for the damage to the crop due to heavy rains in October-2024. Which includes Mahuva, Sihor, Ghogha and Umrala talukas of Bhavnagar district. Under this package, assistance will be available up to a limit of 2 hectares. Only one beneficiary is eligible for assistance in one account. To get the benefit of this package, farmers will have to apply online through VCE at Gram Panchayat on Digital Gujarat Portal from 02/09/2025 to 15 days.Farmers will not have to pay any fee to apply. At the time of applying online, farmers will have to submit these supporting documents1) Up-to-date copy of village sample no. 7-12 and 8-A.2) If there is no record of cotton crop cultivation in village sample no. 12 in October 2024, then Talati cum Minister's (Digital Coop Survey DSC) based cultivation pattern will have to be submitted.3) Copy of Aadhaar card.4) Copy of bank passbook/cancelled cheque (with IFSC code) will be required.5) In case of joint account holder, consent form of account holders other than the applicant farmer or in the absence of other farmer account holders, confession of the applicant farmer is required.6) In case of death of a farmer account holder, a firm name will have to be submitted by the heirs. Any one of the heirs in the firm name can submit an affidavit of consent of the other heirs in the firm name and other account holders of that account to get assistance.7) The benefit of this relief package will not be available to government, cooperative or institutional (trust) land holders.8) Assistance is available only once per Aadhaar number under this package.read more:- INR Opens Stronger by 5 Paise at 88.10
| title | Created At | Action |
|---|---|---|
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| Two demands of GST fulfilled, relief expected: Cotton Association | 05-09-2025 23:46:14 | view |
| Rupee fell 16 paise to close at 88.26 against dollar | 05-09-2025 22:45:15 | view |
| Gujarat: Relief package on cotton crop loss, applications started | 05-09-2025 18:25:28 | view |
