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*All India Weather Forecast for November 18, 2021**Weather systems made across the country*The Low Pressure Area is over South Central and adjoining South West Bay of Bengal. The associated cyclonic circulation extends up to 5.8 km above mean sea level. It is very likely to move westwards and make an impact over South Andhra Pradesh and North Tamil Nadu coast by November 18.Another Low Pressure Area is over North Karnataka and adjoining Goa Coast. It is very likely to move in a west-northwest direction and intensify into a deep low pressure by today evening, with the associated cyclonic circulation extending up to 5.8 km above mean sea level.A trough is extending from circulation over East Central Arabian Sea up to Gujarat.Another trough is extending from an area of low pressure over East-central Arabian Sea to a cyclonic circulation associated with a low pressure area over Bay of Bengal.Western Disturbance is likely to affect Western Himalayas from tomorrow.*Weather movement across the country during the last 24 hours*During the last 24 hours, light to moderate rain with isolated heavy falls occurred at isolated places over Kerala, Coastal Karnataka and South Konkan and Goa.Light to moderate rain occurred over Tamil Nadu, Coastal Andhra Pradesh, Rayalaseema, Interior Karnataka, Lakshadweep and Andaman and Nicobar Islands.Light rain occurred over parts of Madhya Maharashtra, Telangana, Vidarbha, South Chhattisgarh and Odisha and isolated parts of Manipur and Mizoram.Cold wave conditions are prevailing in 1-2 parts of Rajasthan and Haryana.*Weather activity likely during next 24 hours*During the next 24 hours, isolated heavy to very heavy rain is likely over Coastal Andhra Pradesh, Rayalaseema, Tamil Nadu and Karnataka and isolated Konkan and Goa and Madhya Maharashtra.Light to moderate rain may occur over Kerala, Andaman and Nicobar Islands, Lakshadweep, Gujarat, Telangana, South Chhattisgarh, parts of Madhya Pradesh, Vidarbha, Marathwada and Southeast Rajasthan.*Light rain is possible in Odisha.*

Today evening, the rupee strengthened by 10 paise to close at Rs 74.27 against the dollar.Today the stock market closed with a fall.Today, where the Sensex closed at the level of 60008.33 points, down 314.04 points. On the other hand, Nifty closed at the level of 17898.70 points down by 100.50 points.  

Xinjiang cotton banned in the U.S. is still making it on to store shelvesIn China’s cotton-growing Xinjiang region, farmers have been hailing a bumper harvest this autumn. But much of the crop is under U.S. sanctions, and where it will end up is a thorny question.Xinjiang produces a whopping 85 percent of China’s cotton, which is made into garments sold around the world. Some of the largest Xinjiang suppliers have been banned since last year from selling to the United States due to human-rights abuses in the region against members of the Muslim Uyghur ethnic minority.U.S. and European policymakers are now discussing expanding the ban, with much of the world’s cotton products hanging in a regulatory and ethical gray zone. Enforcement is proving challenging, with fashion brands sourcing from hundreds of factories around the world with little proof of where the cotton originated.While BCI has more than 2,100 members, the China Cotton Association said last month that so far 21 companies have signed onto the new domestic standard.The restrictions on Xinjiang cotton may tighten in the West in coming months. In July, the Senate passed the Uyghur Forced Labor Prevention Act, with passage in the House of Representatives now needed for it to become law. The measure would broaden the U.S. import ban against goods made in whole or in part in Xinjiang.In September, European Commission President Ursula von der Leyen announced the E.U. also plans to adopt a forced labor import ban, a measure largely interpreted to be aimed at the Xinjiang labor concerns.Murphy said that many suppliers were using non-Chinese cotton to make products for U.S. brands to comply with Washington’s sanctions, while continuing to source for Xinjiang for the rest of their products. She said Western brands will need to consider if this arrangements meets the spirit, and not just the letter, of the sanctions.

Maharashtra's spinning mills demand to increase electricity exemptionTop officials of the Maharashtra State Cooperative Textile Federation (MSCTF) said the exemption given by the state government to spinning mills on purchase of power will expire by the end of December this year. The state government had given a three-year subsidy of Rs 3 per unit to the mills till December 31, 2021. In these three years, the mills are expected to set up solar power plants in their premises in lieu of subsidy.MSCTF President Ashok Swamy said the MSCTF, along with representatives of cooperative spinning mills, met the Maharashtra State Textile Commissioner in Nagpur last week and sought further extension on power exemptions. “Mills are currently finding it difficult to procure cotton for their requirements due to high commodity prices. Higher electricity rates will add to their problems." Swamy pointed out that none of the mills have set up solar power plants as permission has been given for power plants with only 1-MW (MW) capacity, which is barely two hours. He said that unless the government relaxes this condition and gives permission for 10 MW to 12 MW power plants, it is not viable for mills to set up these plants.He said that the price of cotton has increased from Rs 38,000 per candy to Rs 68,000 per candy and it has become difficult for the mills to buy cotton for their needs. He said that the market condition is very bearish due to low demand for textiles. The slowdown in the textile industry for the last five-six years, higher electricity rates than other states, rising cotton and yarn rates with no increase and high interest rates on bank loans have created a financial crisis for the industry. . , He said higher power rates would lead to a total collapse of the mills. He said these problems were taken up with State Textiles Minister Rajendra Patil and Textiles Secretary Parag Jain last week. Swamy said the mill owners would now seek relief from Chief Minister Uddhav Thackeray to give further extension on power subsidy to the industry and the government besides allowing large capacity solar power plants.Out of the total 150 cooperative spinning mills in the state, only 80 mills are currently functioning with an installed capacity of 15 lakh spindles per day. The annual requirement of cotton is around 12-13 lakh bales and the sales turnover is Rs 2,500 crore annually. The state government has invested Rs 2,500 crore as share capital in these mills. These mills give revenue in the form of various taxes of Rs 200 crore to Rs 250 crore annually to both the central and state government.Mahasangh Managing Director Ramchandra Marathe said that the mills have approached the Center to check the high prices of cotton. “Small family-run looms in the state face major problems as they have to close their units if they cannot afford the cotton prices,” he said. Pradeep Jain, president of Khandesh Gin Press Development Association, said that cotton prices have come down by Rs 1,000 to Rs 2,000 per candy and have come down from Rs 68,000 per candy to Rs 66,000 per candy since last week. He said that the arrivals in the market have increased and the farmers have realized that the prices cannot increase any more. In the first week of November, the price of cotton had touched Rs 10,000 per quintal in some mandis.

India wants more trade with Bangladesh, says DoraiswamiIndian High Commissioner to Bangladesh Vikram K Doraiswami on Tuesday said that India would be very happy to have more trade with Bangladesh through easier and more simplified procedures.‘We can expand trade by utilising land ports, railways and riverine routes improving infrastructures and facilities,’ he said while addressing a meeting in Rangpur as the chief guest.Rangpur Chamber of Commerce and Industry organised the meeting on ‘Bangladesh-India Bilateral Trade and Commerce Issues’ at RCCI auditorium in the metropolis.Mostafa Azad Chowdhury Babu presented a keynote paper on various issues, problems and obstacles to bilateral trade between Bangladesh and India at the event.They said due to tariff and non-tariff barriers imposed by the Indian state governments concerned on major export products of Bangladesh, it was not possible to conduct the desired export activities in India.They requested the Indian High Commissioner to keep the Indian Customs Offices open from 7 am to 7 pm to facilitate the unloading of goods from trucks and create a conducive business environment at land ports in Rangpur division.The Indian High Commissioner termed the issues raised by business leaders as complex and said that there are problems in terms of the totality of the trade regime that governs India-Bangladesh trade.‘Due to inadequate infrastructures and facilities at land ports and regulatory provisions governing our trade, bilateral trade is still very restricted,’ he said.The major trade between Bangladesh and India is currently happening through the Benapole-Petrapole land port having modern infrastructures, facilities and warehouses.India wants to expand Hili and Changrabandha land ports with improving infrastructures, roads, warehouses and other facilities to enhance bilateral trade.‘Although the management of international trade is a function of the central government of India, land ports are being managed by the respective state governments,’ he said.‘We want to expand these two land ports. Trade is encouraged through these two land ports. That is currently not happening,’ he said, and sought cooperation from Bangladesh in encouraging the opening of more land ports.Doraiswami said that India was very keen to welcome more Bangladesh garments in India.India has already offered a reciprocal arrangement in which India will supply cotton, fibre and fabric and in return, Bangladesh will supply the finished products to India.‘It will ensure greater access of Bangladesh to the Indian market. It makes great sense for us to import more from Bangladesh, especially garments and food products,’ he added.

Rupee collapses against dollar, opens 11 paise weakerRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 11 paise at Rs 74.48 against the dollar. At the same time, on Tuesday, the rupee closed at Rs 74.37 with a gain of 11 paise against the dollar.Today the stock market opened with a fall.Today the BSE Sensex fell by about 177.41 points and opened at 60144.96 points. On the other hand, the Nifty of NSE opened with a decline of 59.30 points at the level of 17939.90 points.Apart from this, today 107 shares are trading at 52 week high and 11 shares are trading at 52 week low. On the other hand, 149 shares have upper circuit since morning and 73 shares have lower circuit.  

PAKISTAN COTTON MARKET UPDATESpot rate increases by Rs300/maundThe Spot Rate Committee of the Karachi Cotton Association on Tuesday increased the spot rate by Rs 300 per maund and closed it at Rs 16600 per maund.Cotton Analyst Naseem Usman told that market remained bullish and the trading volume remained satisfactory. He also told that rate of quality cotton rate reached at the highest level of Rs 17,700 per maund while the rate of Phutti reached at Rs 8,800 per 40 kg.He said the rate of cotton in Sindh remained between Rs 14,500 to Rs 17,700 per maund and the rate of cotton in Punjab was registered at Rs 16,000 to Rs 17,400 per maund. The rate of the new crop of Phutti in Sindh was remained between Rs 4,800 to Rs 7,700 per 40 kg. While Phutti prices in Punjab were between Rs 5,800 to Rs 7,800 per 40 kg.Similarly, prices of cotton in Balochistan were remained at Rs 14,500 to 16,500 per maund while Phutti prices were high as compared to other two provinces which were Rs 6,300 to 8,800 per maund, said Naseem Usman.The rate of Banola in Sindh was in between Rs 1,550 to Rs 2,200 per maund. While in Punjab rates of Banola were in between Rs 1,600 to Rs 2,200 per maund.As many as 600 bales of Dherki were sold at Rs 17,300 per maund, 400 bales of Mir Pur Mathelo, 600 bales of Khan Pur Mehar, 400 bales of Ghotki were sold at Rs 16,875 per maund, 200 bales of Sarhad were sold at Rs 16,500 per maund, 200 bales of Rohri, 2000 bales of Saleh Pat were sold at Rs 16,000 per maund, 400 bales of Bagho Bahar were sold at Rs 17,200 per maund, 1200 bales of Rahim Yar Khan were sold at Rs 16,500 to Rs 17200 per maund, 400 bales of Kot Sabzal were sold at Rs 17,000 per maund, 1200 bales of Mianwali were sold at Rs 16,800 to Rs 17,000 per maund, 200 bales of Marrot, 200 bales of Yazman Mandi, 1200 bales of Faqeer Wali, 800 bales of Haroonabad, 400 bales of Liaquat Pur were sold at Rs 16,000 per maund, 2000 bales of Fort Abbas were sold at Rs 16,000 to Rs 16,100 per maund, 400 bales of Hasil Pur were sold at Rs 15,600 per maund, 200 bales of Jahanian were sold at Rs 14,200 per maund.The Spot Rate Committee of the Karachi Cotton Association on Tuesday increased the spot rate by Rs 300 per maund and closed it at Rs 16,600 per maund. The Polyester Fiber was available at Rs 250 per kg.

Rupee depreciates against dollar, opens 4 paise weakerRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 4 paise at Rs 74.52 against the dollar. At the same time, on Monday, the rupee closed at Rs 74.48 with a weakness of 5 paise against the dollar.

Poor start in the Sensex, falling 99 points to openToday the stock market opened with great momentum. Today the BSE Sensex fell by about 99.00 points and opened at the level of 60619.71 points.

*Cotton slides on heavy arrivals, stock limit fears**Prices might drop further over the next few weeks on a spurt in arrivals, say Telangana traders**Cotton prices have dropped by 8-10 per cent in Telangana from the maximum levels seen 10 days ago. Prices have dropped to ₹7,830 a quintal from the a high of ₹8,710 in a few mandis.**Prices in other parts of the country have also dropped by some three per cent, while on the Multi Commodity Exchange (MCX), cotton futures fell five per cent on Monday.**The fall in prices is mainly attributed to arrivals gathering pace but a Rajkot-based trader in Gujarat blamed the fall on speculators on MCX and European markets.**Ajay Shah, General Secretary, Gujarat Cotton Trade Association, said prices had dropped since the government had taken a serious view of the sharp rise in prices.**Sharp hike worries govt “We, in our association, have asked buyers not to resort to any panic purchases.The threat of stock limits looms and hence prices are softening. But there won’t be any sharp fall,” he said.**Prices might drop further over the next few weeks on a spurt in arrivals, say traders in Telangana. The Rajkot trader said arrivals are unlikely to witness any huge spurt and prices might drop another ₹500-1,000 quintal. They will still rule higher than the minimum support price of ₹5,726 for this season (October 2020-September 2021).**“No one was selling since prices were high, while buyers too were reluctant earlier,” the trader said. Prices of Shankar-6, the benchmark for exports, have dropped from ₹70,000 a candy (356 kg) to ₹66,500 on Monday.**A cotton trader in Warangal said: “At Warangal, they quoted a price of ₹8,500 on November 1. It fell to ₹8,290 on November 8 and to ₹7,830 on November 15.” Arrivals continue to hover around about 10,000-12,000 a day at Warangal. The situation at Adilabad and Mahboobnagar market yards is no different. “The farmers should get at least over ₹7,000 a quintal to recover their investments,” T Sagar, Secretary of Telangana Rythu Sangham, said.**All-India Kisan Sabha leader S Malla Reddy said there is a good demand for the fibre crop globally. He hoped that the farmers would continue to get a better price this season.**Hostile weather, untimely rains and outbreak of pink bollworm in some areas resulted in poor output this season. Owing to strong demand and poor output, prices are expected to be higher this season.**“The prices might come down a bit further as the market yards are expected to see increased volumes in the next few weeks,” Malla Reddy said.* *SiS Commited to update you on all textile related news real time.**Regards**Team Sis**Any query plz call 9111977771*Smartinfoindia.com*https://wa.me/919111977775*

*PAKISTAN COTTON MARKET UPDATE**Prices inert on cotton market**Spot rate of cotton remained unchanged on Monday at Rs 16,300 per maund as announced by the Karachi Cotton Association while the market remained steady.* *The Spot Rate Committee of the Karachi Cotton Association (KCA) maintained the spot rate unchanged at Rs 16300 per maund.**However, trading volume remained low while prices of cotton also remained unchanged. Chairman Karachi Cotton Brokers Forum and analyst Naseem Usman commenting on the situation said that trading remained slow but prices of Polyester fiber added Rs 3 to its per kilogram price taking it to Rs 250 per kilogram from Rs earlier 247 per kilograms.**He said rate of cotton in Sindh remained between Rs 13000 to Rs 16,800 per maund and the rate of cotton in Punjab was registered at Rs 14,300 to Rs 16,700 per maund. The rate of the new crop of Phutti in Sindh was remained between Rs 4,500 to Rs 7,200 per 40 kg. While Phutti prices in Punjab were between Rs 5,800 to Rs 8,000 per 40 kg.**Similarly, prices of cotton in Balochistan were remained at Rs 13,800 to 16,400 per maund while Phutti prices were high as compared to other two provinces which were Rs 6,200 to 8,000 per maund, said Naseem Usman.**The rate of Banola in Sindh was in between Rs 1,350 to Rs 2,000 per maund. While in Punjab rates of Banola were in between Rs 1,650 to Rs 2,200 per maund. As many as 1,200 bales of Saleh Pat were sold on Monday at Rs 16,000 per maund, 200 bales of Rahim Yar Khan at Rs 16,500 per maund, 200 bales of Haroonabad at Rs 16,000 per maund, 200 bales of Mian Wali at Rs 16,700 per maund, 200 bales of Fort Abbas at Rs 16,000, 200 bales of Yazman Mandi at Rs 16,000, 12,00 bales of Faqeer Wali at Rs 16,000, 200 bales of Marrot at Rs 16,100 and 400 bales of Jahanian at Rs 14, 200 per maund.**Meanwhile, Naseem Usman said that local cotton market during the last week witnessed overall stable rate of cotton. Textile and spinning mills remained involved in buying of quality cotton while ginners were also involved in buying of Phutti due to its high prices.**Trading volume remained a little bit low.* *The mills were involved in buying cotton locally despite high rates because the rates of cotton in international market are also high and the rate of US dollar has again increased.*