As global cotton production is expected to increase by more than 1.2 million bales, cotton prices decline.Cotton futures closed -0.53% lower at ₹54,140 on the back of higher global production estimates and tight domestic supplies. Global cotton production for the 2024-25 cotton year is forecast to rise by over 1.2 million bales to reach 117.4 million bales, mainly due to higher production in India and Argentina. In India, key northern states—Punjab, Haryana and Rajasthan—have seen a sharp decline of 43% in kapas (unginned cotton) arrivals till November 30 compared to last year. This decline has led to supply chain disruptions, with farmers holding back produce in anticipation of better prices, while ginners and spinners are facing raw material shortages, especially in Punjab.The Cotton Association of India (CAI) has maintained its cotton consumption forecast for the 2024-25 season at 313 lakh bales at 170 kg per bale, while cotton pressing is estimated at 302.25 lakh bales. Cotton imports are also expected to rise significantly to 25 lakh bales in the current crop year, up from 15.20 lakh bales in the previous year. Moreover, U.S. cotton production has been revised upwards to about 14.3 million bales, while global output has risen by 1.2 million bales to 117.4 million, mainly due to a 1-million-bale increase in India's crop.Technically, fresh selling is underway in the market, with open interest rising 0.27% to 368. Prices have fallen by ₹290, support is at ₹53,890 and if broken, a possible test of ₹53,630 is possible. Resistance is seen at ₹54,520, and in case of a bullish trend, the possible upside target is ₹54,890.Read more:- Cotton prices hit 3-year low, ginning mills suffer
Ginning mills suffer as cotton prices fall to a three-year low.Ahmedabad: Due to a fall in international prices, cotton prices have fallen to a three-year low of Rs 53,500 per candy (356 kg). Despite peak season, ginning mills in Gujarat are facing financial difficulties due to falling prices, with over 25% of the units shut. The state witnessed an arrival of 30,000 cotton bales (170 kg each) per day, with the Cotton Corporation of India (CCI) making substantial purchases. Meanwhile, spinning units are operating at almost full capacity and showing positive financial results."Cotton prices have fallen to a three-year low of Rs 54,000 per candy. Ginning units are struggling as they bought raw cotton at high rates. Now the rates are falling continuously, putting pressure on mills. The fixed cost of ginning units is high; therefore, these units operate even after incurring losses," said Apurv Shah, vice-president, Gujarat Chamber of Commerce and Industry (GCCI). Industry reports indicate a decline in cotton cultivation in Gujarat, with production estimated at 88 lakh bales this year, 4 lakh bales less than last year. "November to January is considered the peak season for cotton, and despite this, ginning units are not operating at full capacity. There are around 800 ginning units in Gujarat; 450 of them are fully operational, while many are operational only a few days a week. Around 20% of the mills have not started crushing this year," Shah said. Spinning facilities have become profitable due to the fall in cotton prices.Jayesh Patel, senior vice-president of Spinners Association Gujarat (SAG), said, “At the moment, spinning units are getting some profit, as cotton prices have gone below the level of Rs 54,000 per candy. Now, CCI is buying a significant amount, and we demand that it should keep a reserve quota of cotton for the Indian textile industry, so that the industry gets priority. Spinning mills in the state are running at almost full capacity, and yarn prices are currently at Rs 240 per kg, but the demand is not strong. So there is a fear that prices will come down in a few days, as cotton stocks in the open market are reducing with CCI's strong buying.Read More :- Rupee weakens against dollar, Rupee falls by five paise to 85.53 per dollar in early trade
Rupee depreciates against the dollar; in early trading, it dropped five paise to 85.53 per dollar.Rupee fell by five paise to 85.53 per dollar in early trade on Monday. Investor sentiment was affected amid heavy demand for dollars from importers, foreign capital withdrawal and soft trend in domestic stock markets, which put pressure on the domestic currency. Foreign exchange traders said that the rupee witnessed heavy volatility on Friday and on Monday, the rupee weakened amid heavy demand for dollars related to the expiry of December currency futures and maturity in outstanding futures.Read More :- All India Weather Warning for today
Today's weather warning for all of IndiaThunderstorm accompanied with hailstorms also likely over Southeast Himachal Pradesh, Uttarakhand, Punjab, Haryana, Chandigarh, Delhi, Uttar Pradesh, East Rajasthan, Vidarbha, Madhya Maharashtra, Marathwada & Gujarat Region on 27th and Madhya Pradesh on 27th & 28th December.Cold day to severe cold day conditions very likely in some parts of Himachal Pradesh on 27th & 28th DecemberDense to Very dense fog conditions very likely to prevail during late night/early morning hours in isolated pockets of Rajasthan during 27th-29stDecember;Ground frost conditions very likely in isolated pockets of Arunachal Pradesh and Nagaland, Manipur, Mizoram & Tripura on 27th December.Read More :- This evening, the rupee weakened by 26 paise against the dollar and closed at Rs 85.52
The rupee fell 26 paise versus the dollar to settle at Rs 85.52 Thursday evening.At the close, the Sensex was up 226.59 points or 0.29 per cent at 78,699.07 and the Nifty was up 63.20 points or 0.27 per cent at 23,813.40. Around 1866 stocks advanced, 1946 declined and 113 stocks remained unchanged.Read More :- ICE Cotton records lowest trading volume; prices slightly lower
The lowest trading volume is recorded by ICE Cotton, with somewhat lower prices.ICE Cotton on Thursday recorded the lowest trading volume in two years due to reduced trading hours and the consolidation phase in the market. US cotton prices closed slightly lower, with price fluctuations remaining in a narrow range.On Thursday, the ICE Cotton March 2025 contract closed 0.03 cents lower at 68.75 cents per pound (0.453 kg). The session recorded the lowest trading volume in two years, with only 13,139 contracts traded. Trading hours were reduced to 6 hours and 50 minutes compared to the usual 17 hours and 20 minutes due to the post-Christmas holidays.Price fluctuations remained in a narrow range, with March futures closing only 3 points lower. Other contract months declined from 8 points lower to 9 points higher.NYMEX crude oil prices fell during a mild holiday break, hit by a stronger dollar that made polyester, a cotton alternative, cheaper.The USDA is scheduled to release its weekly export sales report today, delayed due to the Christmas holidays.Brazil's 2024-25 cotton acreage forecast is 2.12 million hectares, up 0.4 percent from the November estimate, due to a revision in the acreage forecast for Bahia state. Mato Grosso, Brazil's largest cotton-producing state, maintained its acreage forecast at 1.56 million hectares. Bahia, the second-largest producing state, raised its acreage forecast from 365,000 hectares to 374,000 hectares.According to Conab forecasts, Brazil's total cotton acreage is expected to increase by 6.5 percent compared to last year and exceed 2 million hectares for the first time in 36 years.Currently, ICE cotton for March 2025 is trading at 68.74 cents per pound (down 0.01 cent). Cash cotton is trading at 66.92 cents (unchanged). The May 2024 contract is at 69.85 cents per pound (down 0.01 cent), the July 2025 contract is at 70.91 cents (up 0.03 cents), the October 2025 contract is at 69.50 cents (up 0.09 cents) and the December 2025 contract is at 69.98 cents (up 0.03 cents). Some contracts remained the same as the previous close, with no trading today.Read More :- Maharashtra: Cotton growers worried over strong possibility of hailstorm and rain
Maharashtra: Cotton farmers are concerned about the high likelihood of rain and hailstormsChhatrapati Sambhajinagar: The India Meteorological Department (IMD) has issued a forecast of rain and hailstorm in parts of Marathwada in the next few days, giving sleepless nights to cotton growers and other farmers.Ganesh Mane, a farmer from Beed district, said he is yet to harvest the cotton crop grown on 15 acres. "I am among the many farmers who have sown cotton a little late. Now the crop is ready for harvesting, but rain during the peak winter season will cause me huge losses," he said.Cotton growers feared that their crop may get ruined if the cotton gets damp or wet due to rain or hailstorm. Farmer rights activist Jayaji Suryavanshi said the uncertainty of monsoon will prove disastrous for cotton growers. "Many farmers have suffered losses due to heavy rains in the Kharif season. Now the Rabi season is also getting affected due to bad weather," he said. Rabi crops are cultivated in about 19 lakh hectares in Chhatrapati Sambhajinagar and Latur divisions. A large part of this is cotton cultivation.Agriculture department officials said that farmers who have harvested cotton crop should take care of their crop. A senior official said, "Cotton storage should be well covered to protect it from rain. Vehicles carrying cotton for transportation should also be protected from rain." According to the IMD, Chhatrapati Sambhajinagar and some other areas of the region are likely to receive hailstorm along with thunderstorms on Friday, followed by partly cloudy sky with moderate rain or thunderstorms in the next two days.Read More :- Traders demand cut in cotton MSP
Cuts in cotton MSP are demanded by traders.Amid falling cotton exports and rising imports, there is a growing demand among cotton traders and associations in Gujarat to reduce the minimum support price of the crop.According to Ajay Shah, secretary of Gujkot Vyapar Sangh, if the MSP remains the same, it could signal another nationwide drought for the cotton sector and the textile value chain."Implement a free market mechanism for cotton and give more subsidy to farmers," he said. The MSP mechanism is implemented by the government to support farmers by buying their crops at a pre-determined remunerative price.The 2024-2025 MSP for cotton is Rs 7121 per quintal and Rs 7521 per quintal for medium and long-staple cotton varieties, respectively. This has further added to the challenges faced by cotton traders and mills, who are already struggling to remain competitive in the global market. Speaking to FE, Shah said, "By December 2024, we estimate that the government has bought about 60% of cotton stocks from farmers. Private players are buying less stocks due to the high MSP." Instead, many companies are importing cotton from countries such as Brazil, Australia, West African regions and the USA - which offer lower prices than India's MSP. For example, Brazil reduced its cotton export price to US$0.7060 per pound in October 2024 - a price 15.9% lower than the international market average.Read More :- Rupee falls to new low of 85.27 as importers stock up dollar at month end
As importers stock up on dollars at the end of the month, the rupee drops to a new low of 85.27.The rupee fell to a new low of 85.27 a dollar due to a rise in the dollar index, coupled with importers’ month-end demand for the American currency, according to dealers. The local currency had settled at 85.20 on Wednesday.Read More :- Indian rupee ended at new record low at 85.26 per dollar on Thursday versus Tuesday's close of 85.20.
In 2024, China will produce 6.164 million tons of cotton.During the ongoing calendar year, cotton production in China increased by 9.7 per cent year-on-year to 6.164 million tonnes, according to the data released by the National Bureau of Statistics (NBS). Cotton production particularly increased in Xinjiang, the main cotton growing region in China.Both the area under cotton cultivation and yield per hectare increased during the year. While the total cotton planting area rose by 1.8 per cent compared to the last year, the yield per unit area saw a sharp jump of 7.8 per cent to touch 2,172 kg per hectare, as per the NBS data.Cotton plantation area expanded by 3.3 per cent to 2.45 million hectares in the Xinjiang Uygur Autonomous Region, in the northwest of China. On the other hand, area under cotton cultivation in the Yellow River and Yangtze River basins declined by 13.6 per cent and 1.6 per cent, respectively.Read More :- Indian rupee ended at new record low at 85.26 per dollar on Thursday versus Tuesday's close of 85.20.
After closing at 85.20 on Tuesday, the Indian rupee fell to a new record low of 85.26 per dollar on Thursday.At close, the Sensex was down 0.39 points at 78,472.48, and the Nifty was up 22.55 points or 0.10 percent at 23,750.20. About 1599 shares advanced, 2219 shares declined, and 95 shares unchanged.Read More :-Rupee Hits Fresh All-Time Low Of 85.24, Falls 9 Paise Against Dollar
The rupee drops 9 paise against the dollar and reaches a new all-time low of 85.24.The Indian rupee on Thursday declined by 9 paise to hit an all-time low of 85.24 against US dollar in the opening trade, amid higher US Treasury yields and a fall in most Asian peers. The 10-year US Treasury yield rose to the highest since late May on Tuesday.Read More :- Indian rupee ended 9 paise lower at fresh record low at 85.20 per dollar on Tuesday versus Monday's close of 85.11.
After closing at 85.11 on Monday, the Indian rupee fell 9 paise to a new record low of 85.20 per dollar on Tuesday.Sensex was down 67.30 points or 0.09 percent at 78,472.87, and the Nifty was down 25.80 points or 0.11 percent at 23,727.65. About 1907 shares advanced, 1926 shares declined, and 94 shares unchanged.Read More :- Rupee falls 3 paise to hit all-time low of 85.14 against US dollar
Rupee hits an all-time low of 85.14 versus the US dollar, down 3 paise.This comes after the rupee failed to resist pressure from strengthening American currency and lost 7 paise to settle at 85.11 (provisional) against the US dollar on Monday despite a sharp recovery in domestic equities.Rupee fell 3 paise to hit all-time low of 85.14 against US dollar in early trade on Tuesday.Read More :- Indian rupee ended at fresh record low 85.11 per dollar on Monday versus Friday's close of 85.02.
After closing at 85.02 on Friday, the Indian rupee fell to a new record low of 85.11 per dollar on Monday.Indian equity indices snapped five-day losing streak and ended on strong note with Nifty at 23,750 on December 23.At close, the Sensex was up 498.58 points or 0.64 percent at 78,540.17, and the Nifty was up 165.95 points or 0.70 percent at 23,753.45. About 1565 shares advanced, 2348 shares declined, and 134 shares unchanged.Read More :- Rupee fails to recover, remains flat at 85.04 against dollar in early trade
In early trading, the rupee does not rebound and stays unchanged at 85.04 vs the dollar.The rupee failed to sustain a recovery from its all-time low level and turned flat at 85.04 against the US dollar in early trade on Monday, giving in to the strengthening American currency and unabated outflow of foreign funds.Read More :- Special project on cotton shows rise in yield via high-density planting
A special cotton project demonstrates that high-density planting increases production.Cotton yields increased by 30.4 per cent on average in the areas where high-density planting system (HDPS) was adopted in shallow soils, and increased by 39.15 per cent on average in closer spacing (CS) in medium soils, according to a reply in the Rajya Sabha.In a written reply in the Rajya Sabha on Friday on the steps taken by the Government to increase the yield, Bhagirath Choudhary, Union Minister of State for Agriculture and Farmers’ Welfare, said the cotton productivity in India is estimated at 443 kg lint per hectare, and is relatively low in comparison to the major cotton producing countries such as China, Brazil, and the US that have adapted HDPS with high precision agro-ecologies.In order to boost cotton yield, especially in low productivity areas, HDPS is being promoted and four compact Bt cotton varieties and 19 Bt cotton hybrids amenable to HDPS have been released during past three years.Extended to 2nd yearA special project on cotton, ‘Targeting technologies to agro-ecological zones-large scale demonstrations of best practices to enhance cotton productivity’, under the National Food Security Mission (NFSM) was implemented in 61 districts of eight States covering an area of 9,064 hectares involving 10,418 farmers during 2023-24 kharif season in public-private-partnership mode for scaling up of HDPS in shallow soils and CS in medium soils, he said.“The average yield increase in the HDPS adopted plots was 30.4 per cent, and average yield increase in the CS adopted plots was 39.15 per cent. This special project has been extended into second year 2024-25 with a target of 14,478 hectares area in eight states. In addition, 11 Bt cotton hybrids highly resistant to cotton leaf curl virus, one of the devastating diseases of cotton, were released to minimise the losses in north zone,” he said.Read More :- Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trad
This evening, the rupee gained 6 paise against the dollar, closing at Rs 85.02.At the close, the Sensex was down 1,176.46 points or 1.49 per cent at 78,041.59, and the Nifty was down 364.2 points or 1.52 per cent at 23,587.50. About 963 stocks advanced, 2859 declined and 95 stocks remained unchanged.Read More :- The rupee recovered marginally from its all-time low and traded 6 paise higher at 85.07 against the US dollar in early trade on Friday.
Early Friday trading saw the rupee move 6 paise higher versus the US dollar at 85.07, a slight recovery from its all-time low.Sensex Today | Stock Market Live Updates: Indian equity benchmarks Nifty 50 and Sensex are trading under pressure. Currently, the Sensex is trading over 1,200 points down while the Nifty 50 index is trading below the 23,600 mark, down 1.55% or 371 points.Read More ;- This evening, the rupee closed 13 paise lower at 85.08 against the dollar.
The rupee ended the day 13 paise down against the dollar, closing at 85.08.The Nifty 50 index closed down 247 points or 1 per cent at 23,952. Similarly, the 30-share Sensex closed down 964 points or 1.2 percent at 79,218.Read More :- Rupee falls 12 paise to all-time low of 85.06 against US dollar in early trad
| title | Created At | Action |
|---|---|---|
| Cotton prices fall as global cotton production forecast to rise by over 1.2 million bales | 30-12-2024 12:38:17 | view |
| Cotton prices hit 3-year low, ginning mills suffer | 30-12-2024 11:34:17 | view |
| Rupee weakens against dollar, Rupee falls by five paise to 85.53 per dollar in early trade | 30-12-2024 10:52:44 | view |
| All India Weather Warning for today | 27-12-2024 18:24:00 | view |
| This evening, the rupee weakened by 26 paise against the dollar and closed at Rs 85.52 | 27-12-2024 16:07:58 | view |
| ICE Cotton records lowest trading volume; prices slightly lower | 27-12-2024 13:45:11 | view |
| Maharashtra: Cotton growers worried over strong possibility of hailstorm and rain | 27-12-2024 11:56:44 | view |
| Traders demand cut in cotton MSP | 27-12-2024 11:21:06 | view |
| Rupee falls to new low of 85.27 as importers stock up dollar at month end | 27-12-2024 10:29:50 | view |
| China's cotton production soars to 6.164 mn tonnes in 2024 | 26-12-2024 16:41:09 | view |
| Indian rupee ended at new record low at 85.26 per dollar on Thursday versus Tuesday's close of 85.20. | 26-12-2024 16:20:32 | view |
| Rupee Hits Fresh All-Time Low Of 85.24, Falls 9 Paise Against Dollar | 26-12-2024 10:12:56 | view |
| Indian rupee ended 9 paise lower at fresh record low at 85.20 per dollar on Tuesday versus Monday's close of 85.11. | 24-12-2024 16:09:57 | view |
| Rupee falls 3 paise to hit all-time low of 85.14 against US dollar | 24-12-2024 10:09:04 | view |
| Indian rupee ended at fresh record low 85.11 per dollar on Monday versus Friday's close of 85.02. | 23-12-2024 16:24:05 | view |
| Rupee fails to recover, remains flat at 85.04 against dollar in early trade | 23-12-2024 10:24:29 | view |
| Special project on cotton shows rise in yield via high-density planting | 21-12-2024 12:26:29 | view |
| The rupee strengthened by 6 paise to close at Rs 85.02 against the dollar this evening. | 20-12-2024 16:06:47 | view |
| The rupee recovered marginally from its all-time low and traded 6 paise higher at 85.07 against the US dollar in early trade on Friday. | 20-12-2024 10:19:01 | view |
| This evening, the rupee closed 13 paise lower at 85.08 against the dollar. | 19-12-2024 16:14:19 | view |
