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India records close to 15% rise in export of agricultural, processed food products in April-OctoberIn a major boost to export prospects of agricultural produce, India registered a significant surge in export of agricultural and processed food products in the April-October period of the current Financial Year, 2021-22, in comparison to the corresponding seven month period of last fiscal, 2020-21.According to the quick estimates released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), the overall export of Agricultural and Processed Food Products Export Development Authority (APEDA) products witnessed 14.7 per cent growth in terms of USD during April-October 2021 over the same period of the previous year.The overall export of APEDA products increased from USD 10,157 million in April-October 2020 to USD 11,651 million in April-October 2021.The significant jump in exports of agricultural and processed food products during the first seven months of current fiscal is in continuation of growth in exports witnessed in the financial year 2020-21.India reported a significant 85.4 per cent jump in export of other cereals while the export of meat, dairy & poultry products witnessed an increase 15.6 per cent in the first seven months of the current fiscal (2021-22).The export of other cereals increased from USD 274.98 million in April-October 2020 to USD 509.77 million in April-October 2021 and the export of meat, dairy and poultry products increased from USD 1978.6 million in April-October 2020 to USD 2286.32 million in April-October 2021.The rise in export of agricultural and processed food products is because of APEDA’s various initiatives taken for the export promotion of agricultural and processed food products such as organizing B2B exhibitions in different countries, exploring new potential markets through product-specific and general marketing campaigns by active involvement of Indian Embassies.The APEDA has also taken several initiatives to promote products having registered geographical indications (GI) in India by organizing virtual Buyer Seller Meets on agricultural and food products with UAE and on GI products, including handicrafts with USA. APEDA is continuing with the initiative of conducting Virtual Buyer Seller Meets (VBSM) with potential importing Countries to popularize the GI products of major agricultural commodities exported.In order to ensure seamless quality certification of products to be exported, APEDA has recognized 220 labs across India to provide services of testing to a wide range of products and exporters.APEDA also assists in upgradation and strengthening of recognized laboratories for export testing and residue monitoring plans. APEDA also provides assistance under the financial assistance schemes of infrastructure development, quality improvement and market development for boosting export of agricultural products.For boosting exports, APEDA compiles and disseminates various international trade analytical information, market access information amongst exporters and address trade enquiries.

Falling cotton, soya prices, not farm laws, worry Vidarbh farmersHere, the farmers are concerned about prices of cotton and soyabean — the two main crops of the region. They are worried that the textile and poultry industry lobbies may soon succeed in bringing down rates of the two crops.While cotton is used for making yarn, soyabean is also a raw material for chicken feed.The prices of cotton, which had touched an all-time high crossing Rs8,500 a quintal, have now come down to the range of Rs7,500 to Rs8,000 a quintal. Soyabean rates too crashed from all-time high of over Rs10,000 a quintal, now settling at Rs5,600 to Rs5,700 for the better grade. After over a decade, rates of the two crops had reached a level that the farmers had always hoped for.Gajanan Sindadwar at Yavatmal-Telangana border said that cotton rates had fallen by Rs900 touching Rs7,500 quintal. Soyabean was at Rs5,000 quintal and hoped it should be at least Rs6,000.Former MP and Swabhimani Paksha leader Raju Shetti has already initiated an agitation seeking intervention to improve rates of soyabean. In Maharashtra, sale of farm produce is already allowed outside agriculture produce marketing committee’s (APMC) yards. The state also allows contract farming.“There was little impact of the whole issue on the farmers here. In Maharashtra any one can get a licence and even purchase farm produce out of the APMC areas. Buying fresh vegetables doesn’t even need a licence,” said Sudhir Kothari, chairman of APMC at Hinganghat in Wardha district.Ganesh Nanote, a cotton grower from Akola, said that the textile industry and poultry lobby are already making representations demanding measure to reduce prices of cotton and soyabean.The farmers are at a loss due to low yield of cotton. Nitin Khadse from Yavatmal said that his primary concern was the low cotton yield.Shetti’s party will be continuing the agitation over soyabean prices.“Going against the very spirit of Essential Commodities (Amendment) Act, the Centre imposed stock limit on soyabean. This led to a crash in rates of the produce, he said.“We are also demanding a law making purchase at MSP mandatory. Even if the MSP is declared for a number of crops, farmers have to even settle at rates lower than that. It should be made mandatory for even private traders to buy at MSP,” he said.Kishore Tiwari, the chairman of Vasantrao Naik Shetkari Swavlamban Mision, said the farmers crisis in Vidarbha has different dynamics. “The farm laws have already been eased in the state but it has made a little impact on farmers’ earnings,” he said.On the other hand, consumer activist Shahid Sharif said repealing the Essential Commodiies (Amendment) Act will help in keeping the prices under control.

Prime Minister Modi announces repealing of three farm lawsThe prime minister addressed the nation on Friday at 9 am, announcing the constitutional procedures to repeal all the three farm laws will begin from the upcoming Parliamentary session. Thousands of farmers from Punjab, Haryana, Uttar Pradesh and Rajasthan have been camping outside Delhi since November 2020, demanding that the laws be withdrawn.

*All India Weather Forecast for November 19, 2021**Weather systems made across the country*A Low Pressure Area is persisting over Southwest and adjoining West Central Bay of Bengal off North Tamil Nadu and South Andhra Pradesh coast. The associated cyclonic circulation extends up to 5.8 km above mean sea level and is very likely to intensify into a depression soon.Another Low Pressure Area is over East Central Arabian Sea off Maharashtra coast and the associated cyclonic circulation is extending up to 5.8 km above mean sea level. It will move in a west-northwest direction and intensify into a deep low pressure in the next two days.A trough is extending from North Maharashtra Coast to South Gujarat Coast from a cyclonic circulation associated with Low Pressure Area over Arabian Sea.A Western Disturbance lies over northern parts of Jammu and Kashmir and adjoining parts of North Pakistan.*Weather movement across the country during the last 24 hours**During the last 24 hours, Tamil Nadu received moderate to heavy rains.*Light to moderate rain accompanied by heavy rain occurred at one or two places over South Coastal Andhra Pradesh and Kerala.Light to moderate rain occurred over Andaman and Nicobar Islands, Rayalaseema, parts of Interior Karnataka and Konkan and Goa.Light rain occurred over Kerala, remaining parts of Coastal Andhra Pradesh, parts of Madhya Maharashtra, Gujarat, South Rajasthan and parts of Vidarbha and Marathwada.*Weather activity likely during next 24 hours*During the next 24 hours, moderate to heavy rains are likely over North Tamil Nadu, South Interior Karnataka, parts of Rayalaseema and South Coastal Andhra Pradesh.Light to moderate rain may occur over remaining parts of Tamil Nadu, Coastal Karnataka, parts of Lakshadweep and Andaman and Nicobar Islands.Light to moderate rain is possible over North Interior Karnataka, remaining parts of Coastal Andhra Pradesh, parts of Telangana, Konkan and Goa, Madhya Maharashtra, South Rajasthan, parts of West Madhya Pradesh and parts of East Gujarat.Light rain is possible at isolated parts of South Chhattisgarh, South Odisha, Vidarbha and Marathwada.

Resolve Cotton Pricing issue in the spirit of Collaboration rather than competition," said Shri Piyush Goyal, Union Minister of Textiles, Commerce & Industry, Consumer Affairs and Food & Public Distribution, while speaking to Textile Industry players in a meeting, here today. He asked the Textile Industry leaders not to push Government to intervene.Shri Goyal cautioned the cotton bale traders from manipulation of prices or do  hoarding to make unfair profits.The Minister further stated that manufacturing sectors should not depend on Government support for growth. Too much dependence of State support is not healthy for the robust growth of the sector. The  Minister was intervening to resolve issues regarding cotton yarn prices between cotton yarn manufacturers and down stream Textile industry.He said that Farmers interests is being taken care off for the first time as they are now getting better cotton prices supported by very good base MSP. Pricing issue of cotton bales and yarn for the Industry should not be allowed  in any way to impact the better prices which farmers are getting, he added.Shri Goyal said that idea of short term Super normal profits by a section of players in Textile value chain is not sustainable. “No one should force the Government to intervene. Let free and fair  market forces play out .Super normal profits should not be booked for short term goals”, he said.The Minister further mentioned   that whole value chain gets adversely impacted even if one section  gets weak. Aatma Nirbhar bharat applies to every one in value chain. All must get benefitted and all must grow. He said that  Cotton bale and yarn prices need to be such that all get benefitted . He exhorted that all stake holders in Textile Value chain need to support each other for long term sustainable growth.Shri Goyal cautioned the cotton bale traders from manipulation of prices or do any hoarding to make unfair profits. The Minister added that reasonable profits are good and acceptable but undue advantage can not be allowed to be taken by any one value chain.  He also  said that no one   would be allowed to come in the way of better cotton prices to Farmers.It may be noted that cotton production is estimated at 362.18 lakh bales. The cotton season 2021-22 commenced with an estimated carry over stock of 73.20 lakh bales (COCPC meeting dated 12.11.2021). Opening stock in the country is adequate to meet about two and half month’s mills consumption.  Cotton prices are ruling above MSP level by about 40% i.e. Rs.8500 per quintal as against MSP rate of Rs.6,025/ -per quintal. Farmers are getting reasonably good prices for their produce which is in tandem with other agri-commodities as well.World cotton acreage is expected to increase by 4% to 33.27 million hectare as against 31.97 million hectare of last year. Whereas world cotton production is projected to increase by 6% to 1512 lakh bales (25.72 MMT) as against 1426 Lakh bales (24.26 MMT) of last year and world cotton consumption is expected to increase by 2% to 1530 lakh bales (26.01 MMT) as against 1505 lakh bales (25.60 MMT) of last year.Earlier also, Shri Goyal  held a review meeting of Cotton Corporation of India (CCI)  to  discuss ways to strengthen procurement processes to further support livelihoods of our cotton farmers.Minister of State for Textiles and Railways, Smt. Darshna Jardosh, Shri U.P. Singh, Secretary    Textiles, Shri Pradeep Agarwal, CMD, CCI and senior officials of CCI, Textiles industry players and exporters  participated in the meeting.CCI is appointed as a Central Nodal Agency under Ministry of Textiles for undertaking Minimum Support Prices (MSP) operations for cotton. It safeguards the economic interest of cotton farmers,  ensures the benefit of MSP to bonafide cotton farmers and undertakes MSP Operations in the event prices of Fair Average Quality (FAQ) grade kapas fall below the MSP level.

Piyush goyal ji Held an interactive meet with representatives of Cotton Industry & Exporters.Stressed on collaborative efforts & focus on quality for increasing productivity & enhancing exports.Discussed ways to ensure reasonable profits for all stakeholders especially our cotton farmers.

Today evening, the rupee strengthened by 3 paise to close at Rs 74.24 against the dollar.Sensex Dhadam: Sensex closed after breaking 433 pointsToday the stock market closed with a fall. Today, where the Sensex closed at a level of 59575.28, down 433.05 points. On the other hand, Nifty closed at 17764.80, down 133.90 points.

Meeting with Textile Minister is now over. Status as it is, Piyush Goyal suggests for free trade, No restrictions looks possible. Textile Minister requests everyone to behave reasonably and maintain healthy relationship between all stakeholders Will review again after one month

Cotton bale & yarn price hike threaten Karur textile manufacturersRising prices of cotton bale have posed a huge threat to Karur textile manufacturing and export industries, which are gearing up for the Annual International Textile Fair/Expo, which is set to take place in January in Germany as majority of the trade depends on foreign orders received during the expo.The cities of Tiruppur and Karur are known for textiles in Tamil Nadu. While the former is famous for garments, the latter is famous across the globe for household textiles and decorative items such as curtains, cushions, pillow cases, bedspreads, blankets, sofa pillows and table covers. Around 90 per cent of the products manufactured here are exported to foreign countries.The drastic hike in the prices of cotton bale, in this scenario, has raised concerns among industrialists. With the international expo set to take place this January where Karur industries receive the majority of their orders, the price hike has worried them.Karur Textile Manufacturing and Exporters Association member Dr Stiffen Babu said, "Frequent and drastic price hike of cotton bales has been strangulating manufacturers and exporters in Karur. The price of cotton bales has been hiked by 35 per cent in recent times. Cotton bale manufacturers, citing the cotton price hike, have been increasing the cost of bales and yarn frequently. But that is not true as cotton, which is sold for Rs 90,000 a 'boulder' (load) on the international market, costs only Rs 62,000 here. The government must intervene and put a cap on the price, fix a price for cotton bales for at least three months and stop exporting cotton and ales until the inflation comes to normal. The textile fair is set to take place from January 11 to 14 next year. Our trade got affected in the past two expos owing to the pandemic. This time we expect to receive orders worth around Rs 1,000 crore. But many are worried to take up foreign orders owing to cotton bale and yarn price. A 2/20 cotton yarn bundle weighing 5 kg used to cost only Rs 650 about four years ago. The price was hiked to Rs 1,100 about four months ago and now it costs Rs 1,650. Polyester cotton, which is used to stuff pillows and cushions, cost us Rs 90 a kg three months ago. It now costs Rs 125 a kg. So, it will be challenging for industrialists to take part in the expo and receive orders."

Sensex opened sharply, up 121 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 121.02 points to open at the level of 60129.35 points.

*Channi hikes relief for damaged cotton crop to Rs 17,000/acre**The Chief Minister also said that “the state government is seriously contemplating to bring a comprehensive proposal in the next Cabinet for formulation of a policy to reserve around 75% of posts in government exclusively for Punjabi youth”.**Punjab Chief Minister Charanjit Singh Channi on Wednesday announced to enhance the compensation amount from Rs 12,000 to Rs 17,000 per acre for farmers, who suffered losses due to pink bollworm attack on cotton crop. Of the total relief amount announced, Channi added that 10% would be given to farm labourers involved in picking of cotton.**Chairing a high-level meeting with the representatives of 32 farm unions of Sanyukt Kisan Morcha (SKM) led by its president BKU Balbir Singh Rajewal here at Punjab Bhawan, Channi said that “the enhanced compensation amount would involve nearly Rs 200 crore in addition to the already approved Rs 416.18 crore on account of compensation at the rate of Rs 12,000 per acre.”**Channi said that the meeting ended on a positive note and of the 18 demands, most have been met.**Channi said that “5.63 lakh farmers have already been benefitted from loan waiver scheme to the tune of Rs 4,610.84 crore”. He added, “Apart from these, a sum of Rs 520 crore is being provided to the landless farmers and farm workers across the state.”**He said, “the Revenue department in sync with concerned Deputy Commissioners is already in the process to finalize the remaining cases.”**Expressing satisfaction over “the smooth and hassle free procurement during paddy marketing season”, Channi said that “Rs. 33750 crore has been paid out of Rs. 35965 crore to the farmers, which accounts 98 percent of the total payment for procurement”.**-For Regular Commodity Market Update:**Call:9111977771*https://wa.me/919111977775