Kharif Sowing Insights: Cotton Drops During Monsoon Revival, Paddy and Pulses SoarEarly kharif sowing gains have slowed to under 4% as the planting season nears its end, despite recent improvements in the monsoon. Paddy acreage has increased significantly, while cotton planting has dropped for the first time in years. Soybean and oilseed sowing also show positive growth, though nutri-cereals face a decline. Arhar and pulse sowing have surged due to favorable market conditions.Kharif Sowing Progress: Early gains in kharif sowing have narrowed to under 4%, compared to over 10% a week earlier. This shift is attributed to the nearing end of the main planting window.*Monsoon Revival:* The revival of the monsoon, influenced by a low-pressure system in the Bay of Bengal, is expected to enhance sowing activities, particularly in states with previously deficient rainfall.Sowing Statistics: As of July 19, kharif sowing covers 704.04 lakh hectares (64% of the normal area), up by 3.5% from last year. The normal kharif area is 1,096 lakh hectares.Paddy Acreage: The area under paddy has increased to 166.06 lakh hectares, showing a 6.7% rise from 155.65 lakh hectares last year. Key producing states are expected to improve sowing rates with better rainfall.Cotton Sowing Decline: Cotton acreage has decreased to 102.05 lakh hectares, down by 3.4% from 105.66 lakh hectares last year. Declines are noted in Punjab, Haryana, Rajasthan, and Gujarat.Soybean Coverage: Soybean acreage has reached 119.04 lakh hectares, nearing the normal area of 123 lakh hectares. This is a 9.2% increase from 108.97 lakh hectares last year.Oilseed Area: The total area under oilseeds has risen by 8.1% to 163.11 lakh hectares from 150.91 lakh hectares last year, with groundnut showing a 12.6% growth.Read more :- Cotton Purchase Centres by October: Government Assures Court
Gujarat Textile Traders Set 100-Day Payment Limit Amid New Tax RegulationsIn a significant shift for the textile industry, traders in Gujarat are gearing up to implement new payment norms following the introduction of Section 43B(H) of the Income Tax Act. This change has prompted a collective move to reduce credit periods, with most traders agreeing to cap the payment cycle at 100 days, down from the previous 180-day window.The transition, however, is not without its challenges. Many traders express concern over the difficulty of immediately adopting the government-suggested 45-day payment cycle. As a compromise, the industry has opted for a phased approach, starting with the 100-day limit.Gaurang Bhagat, president of Maskati Kapad Market Mahajan, highlighted the rationale behind this move: "We've witnessed an uptick in fraud cases within the textile sector over recent years. The extended payment cycle of up to 180 days has been a significant factor in these fraudulent activities. By reducing the credit period to under 100 days, we aim to mitigate this risk."*The industry is also taking additional steps to safeguard against fraud. Naresh Sharma, secretary of the Maskati Mahajan, revealed that traders have been advised to work exclusively with registered brokers. "This measure will allow us to provide assistance in case of defaults," Sharma explained. He added that traders have been encouraged to ensure their brokers are properly registered.This proactive approach by the textile trading community demonstrates a commitment to adapting to regulatory changes while simultaneously addressing long-standing issues within the industry. As the sector navigates these new norms, the impact on business operations and fraud prevention will be closely watched by industry observers and policymakers alike.READ MORE :> Cotton Purchase Centres by October: Government Assures Court
Textile Exports Affected by Container ShortageAhmedabad: Textile deliveries are facing disruptions due to a shortage of containers and increased freight costs, affecting both domestic and export orders.Denim exporters are grappling with a backlog of shipments, with around 500 containers of fabric ready for export but stuck in warehouses due to the shortage. Yarn manufacturers are experiencing similar issues.Industry experts note that the inability to deliver past orders is preventing new ones from coming in. Vinod Mittal, a denim manufacturer in Ahmedabad, stated, “The denim industry saw a revival in the last quarter of FY24, but the situation has been challenging since then. There is steady offshore demand, but we are unable to export due to container issues. Consequently, the demand for godowns to store stock has increased, as have their rents. Until we deliver earlier orders, we cannot secure new ones.”Industry estimates indicate that the denim sector alone has seen a stockpile of around 500 containers (20 tonnes each) in Gujarat. This has reduced capacity utilization of units to 60-70% from around 90% three months ago.“Exporters are unable to ship their manufactured goods due to the unavailability of containers. As a result, godowns available for hire are in high demand, which attracts additional costs at a time when payment cycles are stretched. This is causing a working capital shortage for manufacturers,” explained Kumar Agarwal, another denim manufacturer in Ahmedabad.Jayesh Patel, senior vice president of the Spinners' Association Gujarat (SAG), added, “Exports have become costlier due to the Red Sea crisis. Additionally, shipping companies get better pricing from China, so they prefer taking containers from there. This has reduced the availability of containers here and affected our competitiveness in the global market. We are seeing higher stockpiling with full godowns, and payment rotations have been affected.”Read more :-Area Under Cotton in North India Drops by 6 Lakh Hectares, Punjab’s Dip Sharpest
October Cotton Purchasing Centers: Government Guarantees CourtNagpur: On Thursday, the central government assured the Nagpur bench of the Bombay High Court that it will open cotton procurement centres for farmers by October and expedite the release of any pending dues.This assurance was given during a hearing in response to a Public Interest Litigation (PIL) filed by Shriram Satpute from Grahak Panchayat Maharashtra Sansthan. Satpute sought directives for the central and state governments to commence cotton procurement before the Diwali festival and ensure payments are deposited into farmers’ accounts within seven days.He argued that delays in opening procurement centres force farmers to sell their produce to traders at prices below the guaranteed minimum support price (MSP), causing financial losses.The High Court had previously instructed both governments to submit data on payments made to cotton-selling farmers within seven days of purchase at government-run procurement centres. Additionally, both were asked to explain any delays in payments.On Wednesday, the central government explained that payment delays occurred because transactions are directly deposited into farmers’ Aadhaar-linked bank accounts. These transactions are routed through the Akola head office of the Cotton Corporation of India (CCI) for the Vidarbha region.The judges then sought a comprehensive reply from the State Textile Department’s principal secretary and the CCI, detailing the number of payments released to farmers after procurement. The central government’s representative informed the court that all efforts were being made to streamline the payment process and ensure timely disbursement.The High Court granted a final opportunity for the Union government’s textile ministry secretary and CCI to file their responses regarding the procurement and payment issues. The petitioner emphasized the importance of timely establishment of procurement centres and prompt payments to safeguard farmers’ interests and prevent exploitation by traders.Read More :> Area Under Cotton in North India Drops by 6 Lakh Hectares, Punjab’s Dip Sharpest
This evening, the rupee ended the day 7 paise weaker, at 83.65 against the US dollarAt the close of trading, the BSE Sensex rose 626.91 points or 0.78% to close at 81,343.46. The NSE's 50-share index Nifty rose 187.85 points or 0.76% to close at 24,800.85.Read more :- Area Under Cotton in North India Drops by 6 Lakh Hectares, Punjab’s Dip Sharpest
In early trade, the rupee climbs 3 paise to 83.55 against the US dollar.Sensex, Nifty swing in green; Mid, SmallCap indices slip 1% eachThe BSE Sensex fell over 250 points intraday before recouping them to trade bove 80,800, up 90 points.the Nifty50 index, too, tested the 24,550-mark before gaining 32 points to quote at 24,645. Read More :>Area Under Cotton in North India Drops by 6 Lakh Hectares, Punjab’s Dip Sharpest
North India's Cotton Area Drops by 6 Lakh Hectares, with Punjab Seeing the Deepest DipFarmers in North India, especially in Punjab, Haryana, and Rajasthan, are increasingly switching from cotton to paddy due to pest attacks and water issues. Harpal Singh, a farmer from Burj Kalan in Mansa district, reduced his cotton cultivation from 5 acres to 2 acres, opting for paddy due to frequent pest problems. Similarly, Satpal Singh from the same village transitioned all 3.5 acres of his land to paddy for a more guaranteed market.In Fazilka district, Talwinder Singh faced a pink bollworm attack on his 5 acres of cotton and has already replanted 1 acre with the PR 126 variety of paddy, which matures quickly. This trend of shifting from cotton to paddy is widespread in the Malwa region of Punjab, driven by pest infestations and unreliable water sources.As of early July, the total area under cotton in Punjab, Haryana, and Rajasthan has dropped to 10.23 lakh hectares from 16 lakh hectares last year. In Punjab, the cotton area fell drastically to 97,000 hectares, a sharp decline from up to 7.58 lakh hectares in the 1980s and 1990s. Similarly, Rajasthan's cotton area reduced from 8.35 lakh hectares last year to 4.75 lakh hectares this year, and Haryana's from 5.75 lakh hectares to 4.50 lakh hectares.Specific districts in Punjab have seen significant reductions: Fazilka's cotton area decreased to 50,341 hectares from 92,000 hectares last year, Muktsar to 9,830 hectares from 19,000 hectares, Bathinda to 13,000 hectares from 28,000 hectares, and Mansa to 22,502 hectares from 40,250 hectares.Pest attacks by pink bollworm and whitefly, coupled with water availability issues, are major factors behind this shift. Pink bollworm damages the cotton lint and seeds, while whiteflies feed on the sap of the leaves. With better water availability, farmers prefer paddy, which has a guaranteed market and is largely free from pest attacks.Bhagirath Choudhary, founder director of the South Asia Biotechnology Centre (SABC), attributes this shift primarily to the pink bollworm infestation. He notes that Punjab's cotton area is now below 1 lakh hectares, and farmers lack awareness and control mechanisms for the pest. The state government's inadequate efforts to educate farmers have also contributed to the decline in cotton cultivation.Harpinder Singh of Jhurarkhera village in Abohar highlighted ongoing pest concerns and insufficient canal water for paddy. Sukhmander Singh, president of BKU Rajewal in Fazilka, criticized the poor quality of BT2 cotton seeds provided by the government. Darshan Singh of Giddranwali village and Ram Singh of Bhainibagha village have also switched to growing paddy and guar (cluster bean) respectively, citing better market prospects and water availability.The reduction in cotton cultivation and the shift to other crops reflect the challenges faced by North Indian farmers, including pest attacks and water scarcityRead more :- Tirupur Textile Hub Rebounds in 2024
In 2024, Tirupur Textile Hub ReboundsTirupur’s textile industry, a major contributor to India’s export market, has shown impressive growth in 2024. The Tirupur Exporters’ Association (TEA) reported that exports in April 2024 rose to $294 million, up from $290 million in April 2023. May 2024 saw even greater growth, with exports climbing to $360 million compared to $323 million in the same month last year.Tirupur now represents 90% of India’s cotton knitwear exports and 55% of all knitwear exports. While there was a 3.8% decline in January, the following months saw positive growth: 6.4% in February and 5.6% in March year-over-year.Labor conditions have also improved in the region. The pre-election 40% shortage of migrant workers has decreased to 10%. Tirupur employs 600,000 local workers and 200,000 migrants. The increase in orders has revitalized the entire textile cluster, including knitting, dyeing, bleaching, fabric printing, garments, embroidery, compacting, calendaring, and other ancillary units.READ MORE :> Better monsoon brings smiles on farmers' faces, bumper yield of Kharif crop expected
Farmers are happy with the improved rainfall, and a bumper output of the Kharif crop is anticipated.Better monsoon has brought happiness back on farmers' faces. According to the latest data from the Ministry of Agriculture, due to better monsoon this year, the total area under sowing of Kharif crops has increased by 10.3 percent to 575 lakh hectares, while last year by this time, sowing was done in 521.25 lakh hectares. Some areas remained dry due to irregular rains. This time bumper yield is expected due to increase in sowing area, which will increase the income of farmers and increase demand in rural areas. This is a positive sign for the Indian economy.Increase in cultivation of pulses and oilseedsThis Kharif season, the area under cultivation of pulses has increased to 62.32 lakh hectares, which is 26 percent more than last year. Oilseed cultivation has also increased to 140.43 lakh hectares, while last year it was 115.08 lakh hectares. Increasing the cultivation of pulses and oilseeds is a positive step, as the production of these commodities is often less than the demand, which leads to rising prices.Expectation of reduction in prices and importsIncreasing the area of cultivation of pulses and oilseeds will help in controlling the prices of pulses and oil, which will provide relief to the common people. Currently, to meet the demand of pulses and oil in the country, one has to resort to expensive imports, which leads to expenditure of foreign exchange and there is a risk of weakening of the rupee. Increasing production in the country will reduce the need for imports and pulses and oil will be available at cheaper prices.Read More :> Indian farmers rush to plant summer crops after monsoon revives
As soon as the monsoon returns, Indian farmers hurry to plant summer crops.Indian farmers have rushed to plant summer crops such as paddy, soybean, cotton and maize following above-average monsoon rains in July after a poor June spell, according to government data.Monsoon rains, crucial for India's economic growth, normally begin in southern India around June 1 and spread across the country by July 8, allowing farmers to plant summer crops. However, June received 11% less rain than average, delaying sowing.According to the Ministry of Agriculture and Farmers Welfare, the first fortnight of July received 9% more rain than normal, helping farmers plant summer crops on 57.5 million hectares (142 million acres) by July 12, a tenth more than last year.Farmers have sown paddy on 11.6 million hectares, 20.7% more than the same period last year. Higher rice sowing could ease the country's supply concerns. Higher rice purchases by government agencies from last season's crop and an expansion in paddy acreage could allow the government to ease restrictions on rice exports in October, a New Delhi-based dealer said.Farmers sowed oilseeds, including soybeans, on 14 million hectares of land, compared with 11.5 million hectares a year earlier. Maize sowing was on 5.88 million hectares, up from 4.38 million hectares a year earlier. Cotton acreage rose slightly to 9.6 million hectares, while sowing of pulses rose 26% to 6.23 million hectares from a year earlier.Read more :- Indian Spinning Mills Turn Cautious as Cotton Season Nears End
This evening, the rupee appreciated by 1 paisa to settle at Rs 83.58 against the US dollarAt the close of trading, the BSE Sensex closed at 80,716.55, up 51.69 points or 0.064%. During the day's trading, the Sensex touched a new high of 80,898.30 points. The NSE's 50-share index Nifty closed at 24,613.00, up 26.30 points or 0.11%. During the day's trading, the Nifty touched a new high of 24,661.25 points.Read more :- Recovery in Domestic Cotton Yarn Demand Expected in FY25: ICRA
recovery-in-domestic-cotton-yarn-demand-expected-in-fy25-icraICRA projects a 6-8% growth for the domestic cotton spinning industry in FY2025, driven by 4-6% volume growth and slight realization gains, following two years of decline. Recovery signs are visible in downstream segments like readymade garments and home textiles, while exports, which rebounded in FY2024, are expected to normalize despite global demand challenges.Domestic cotton prices, which peaked at Rs. 284 per kg in H1 FY2023, have declined over the past two years but are expected to rise slightly with demand recovery and reduced sown area. Cotton yarn prices, declining since June 2022, are also expected to increase marginally in FY2025.K Srikumar, Senior Vice President at ICRA, predicts a 6-8% improvement in operating income for cotton spinning companies in FY2025, with gross contribution margins recovering by 5% in Q1 FY2025. Operating profit margins are expected to expand by 100-150 basis points due to scale benefits and cost-saving measures.High debt-funded capex in FY2023 impacted the industry's coverage metrics, but a marginal capex increase is anticipated in FY2025 for modernization and increased demand from the China Plus One strategy. Leverage levels rose in FY2024 but are expected to decrease with better cash accruals and minimal capex spending, improving debt protection metrics. The total debt to operating profit ratio is expected to improve to 2.5-3.0 times from 3.5-4.0 times in FY2024.Read More :> Indian Spinning Mills Turn Cautious as Cotton Season Nears End
Indian Spinning Mills Turn Cautious as Cotton Season Nears EndSpinning mills in India are exercising caution in purchasing cotton as the current season approaches its end, aiming to avoid liquidity issues.“Being the end of the cotton season and liquidity issues in the overall market, mills want to be careful in cotton purchases. Man-made and cellulosic fibre penetration has also helped mills to reduce their exposure to cotton,” said Prabhu Dhamodharan, Convenor, India Texpreneurs Federation (ITF).Despite the Cotton Corporation of India's (CCI) substantial stock of over 20 lakh bales, prices quoted by CCI remain a dampener due to slack demand, according to Ramanuj Das Boob, vice president of the All India Cotton Brokers Association.“If traders buy cotton from CCI and resell it to mills on credit, the economy doesn’t work out. So, they are also silent,” he said.The lack of demand for yarn and declining prices are hurdles for the textile industry, according to Rajkot-based cotton trader Anand Popat. Bearish speculators on the InterContinental Exchange (ICE) also contribute to the dull trading despite strong fundamentals.Cotton prices have dropped over 10% since the beginning of 2024. The US Department of Agriculture’s Economic Research Service forecasts a decline in global cotton prices for the third consecutive year in 2024-25. Global production is expected to increase by nearly 5%, with significant contributions from Brazil and the US offsetting expected losses in China, India, and Pakistan.The government has increased the minimum support price (MSP) of cotton for the current crop year to ₹7,121 per quintal from ₹6,620 last year, prompting some mills to resume buying. CCI has sold around 3-4 lakh bales following the MSP hike.Cotton yarn exports have stabilized at 9-10 crore kg per month, with consistent buying from Bangladesh and Europe expected to continue.Read More :> Bangladesh and Vietnam Poised to Lead Global Cotton Consumption Growth Over Next Decade
In early trade, the rupee climbs 2 paise to 83.59 against the US dollar.Sensex climbs to 80,850.41 in early trade; Nifty rallies to hit new all-time peak of 24,650.05 Sensex on Tuesday, climbed 185.55 points to 80,850.41 in early trade and Nifty rallied 63.35 points to hit new all-time peak of 24,650.05READ MORE :> Cotton Under Pink Bollworm Attack in Mansa, Fazilka, and Abohar; Farmers Worried
This evening, the rupee ended the day 5 paise weaker versus the US dollar, at 83.59At the close of trading, the BSE Sensex rose 145.52 points or 0.18% to close at 80,664.86. The NSE's 50-share index Nifty rose 81.75 points or 0.33% to close at 24,583.90. During the day's trading, the Nifty touched a new high of 24,635.05.Read More :- Bangladesh and Vietnam Poised to Lead Global Cotton Consumption Growth Over Next Decade
Bangladesh and Vietnam Poised to Lead Global Cotton Consumption Growth Over Next DecadeBangladesh and Vietnam are set to lead the global growth in cotton consumption and trade over the next decade, thanks to their competitive labor and production costs, according to the OECD-FAO Agricultural Outlook 2024-2033.Key Highlights- Growth in Cotton Consumption: Global cotton consumption is expected to increase by 1.7% annually, driven by population growth and rising incomes in middle- and low-income countries.- Bangladesh and Vietnam: Both countries will see their cotton imports grow by over 3% annually, significantly influencing global trade. Bangladesh's mill consumption is projected to rise to 2.42 million tonnes by 2033.- Global Trade Dynamics: World cotton trade is forecast to expand by 2.1% annually, reaching 12.4 million tonnes by 2033, largely due to increased mill use in Bangladesh and Vietnam.- Major Producers: India, the United States, and Brazil will contribute significantly to the global cotton production increase, which is projected to reach 29 million tonnes by 2033.- Impact of FTAs: Free Trade Agreements, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the EU-Vietnam Free Trade Agreement, have facilitated market access for Vietnamese textile exports.- Shift in Textile Industry: While synthetic fibers have gained market share, natural fiber consumption, including cotton, peaked at 26.5 million tonnes in 2007 but has since declined.- Bangladesh's Cotton Industry: Bangladesh primarily manufactures cotton-based garments, with 75% of its readymade garments for export made from cotton.The report underscores the critical role of Bangladesh and Vietnam in the global cotton market and highlights the importance of fresh seeds and sustainable practices to address frequent pest attacks and enhance yields.Read More :> Cotton Under Pink Bollworm Attack in Mansa, Fazilka, and Abohar; Farmers Worried
Farmers Concerned About Cotton Under Pink Bollworm Attack in Mansa, Fazilka, and AboharThe dreaded pink bollworm has hit the cotton crop in Mansa, Fazilka, and Abohar areas, raising concerns within the state Agriculture Department.Though the pest attack is currently below the economic threshold level (ETL), cotton growers, following the Agriculture Department's advice, have started extensive pesticide spraying to address the situation. Department officials informed The Tribune that the insect had been spotted on plants in villages bordering Rajasthan and Haryana.At present, cotton crops in Rajasthan's Sriganganagar, Anupgarh, and Hanumangarh districts are also under pink bollworm attack. In some areas, farmers have begun ploughing back cotton plants into the fields.Balkar Singh, a cotton cultivator from Khiali Chahianwali village in Mansa, reported spotting pink bollworm in some fields in his village. “Flowering is yet to begin, but the pest attack has already set in. We have done two rounds of insecticide spraying, increasing our input cost by Rs 2,000 per acre for each spray. I have incurred an additional expenditure of Rs 18,000 on insecticide sprays for nine acres,” he said. Farmers are also grappling with a whitefly attack.* Last year, many cotton growers in the Malwa region suffered losses due to a pink bollworm attack. Cotton was cultivated immediately after harvesting moong, a natural habitat for pink bollworm, which led to the insect remaining in the soil and later attacking the cotton crop. Subsequent heavy rainfall aggravated the pest attack, damaging nearly 60 percent of the cotton crop in the state. Pink bollworm also caused significant damage in 2021.*Gurpreet Singh Sandhu, a cotton farmer in Patti Sadiq village of Abohar, shared that last year, his cotton yield fell to two quintals per acre from the standard yield of 8-10 quintals per acre. “This year again, the crop is under pink bollworm attack, and I have started multiple insecticide sprays as recommended by Punjab Agricultural University scientists. But the prospects do not seem bright this year either. Fortunately, I reduced the area under cotton, or my losses would have been much higher,” he said.Due to repeated crop failures, farmers in Punjab are increasingly avoiding cotton cultivation. This year, only 99,720 hectares are under cotton crop, against a target of 2 lakh hectares. Of this area, the Agriculture Department has adopted 60,000 hectares for field trials, and all insecticides are being provided by the department.*Pest Control Measures- The pink bollworm has been spotted on plants in Punjab villages bordering Rajasthan and Haryana.- Although the pest attack is below the economic threshold level (ETL), farmers have started extensive pesticide spraying.- Experts suggest that providing fresh seeds to farmers and not allowing the use of old seeds is crucial to addressing frequent pest attacks.Common Cotton Pests- Pink Bollworm (Gulabi Sundi): This pest has been devastating cotton fields in Punjab, Haryana, and Rajasthan. It is resistant to first-generation transgenic Bt cotton.- Whitefly (Chitti Makhi): Thrives in warm and tropical climates and is found on the leaves of cotton plants. The honeydew secreted by it deposits on cotton fibers, affecting cotton quality.The dreaded pink bollworm has hit the cotton crop in Mansa, Fazilka, and Abohar areas, raising concerns within the state Agriculture Department.Though the pest attack is currently below the economic threshold level (ETL), cotton growers, following the Agriculture Department's advice, have started extensive pesticide spraying to address the situation. Department officials informed The Tribune that the insect had been spotted on plants in villages bordering Rajasthan and Haryana.At present, cotton crops in Rajasthan's Sriganganagar, Anupgarh, and Hanumangarh districts are also under pink bollworm attack. In some areas, farmers have begun ploughing back cotton plants into the fields.Balkar Singh, a cotton cultivator from Khiali Chahianwali village in Mansa, reported spotting pink bollworm in some fields in his village. “Flowering is yet to begin, but the pest attack has already set in. We have done two rounds of insecticide spraying, increasing our input cost by Rs 2,000 per acre for each spray. I have incurred an additional expenditure of Rs 18,000 on insecticide sprays for nine acres,” he said. Farmers are also grappling with a whitefly attack.* Last year, many cotton growers in the Malwa region suffered losses due to a pink bollworm attack. Cotton was cultivated immediately after harvesting moong, a natural habitat for pink bollworm, which led to the insect remaining in the soil and later attacking the cotton crop. Subsequent heavy rainfall aggravated the pest attack, damaging nearly 60 percent of the cotton crop in the state. Pink bollworm also caused significant damage in 2021.*Gurpreet Singh Sandhu, a cotton farmer in Patti Sadiq village of Abohar, shared that last year, his cotton yield fell to two quintals per acre from the standard yield of 8-10 quintals per acre. “This year again, the crop is under pink bollworm attack, and I have started multiple insecticide sprays as recommended by Punjab Agricultural University scientists. But the prospects do not seem bright this year either. Fortunately, I reduced the area under cotton, or my losses would have been much higher,” he said.Due to repeated crop failures, farmers in Punjab are increasingly avoiding cotton cultivation. This year, only 99,720 hectares are under cotton crop, against a target of 2 lakh hectares. Of this area, the Agriculture Department has adopted 60,000 hectares for field trials, and all insecticides are being provided by the department.*Pest Control Measures- The pink bollworm has been spotted on plants in Punjab villages bordering Rajasthan and Haryana.- Although the pest attack is below the economic threshold level (ETL), farmers have started extensive pesticide spraying.- Experts suggest that providing fresh seeds to farmers and not allowing the use of old seeds is crucial to addressing frequent pest attacks.Common Cotton Pests- Pink Bollworm (Gulabi Sundi): This pest has been devastating cotton fields in Punjab, Haryana, and Rajasthan. It is resistant to first-generation transgenic Bt cotton.- Whitefly (Chitti Makhi): Thrives in warm and tropical climates and is found on the leaves of cotton plants. The honeydew secreted by it deposits on cotton fibers, affecting cotton quality.Read More :> Cotton Prices Plummet by 40% in Ramanathapuram Market, Farmers Seek Government Aid
In early trade, the rupee drops 4 paise to 83.55 against the US dollar.Sensex up 140 pts, Nifty at 24,550; IT index at record highRead More :> Pakistan: Government Pledges to Boost Cotton Production
The rupee appreciated 2 paise vs the dollar this evening, closing at Rs 83.54Now talking about equity benchmark indices, the BSE Sensex today closed at 80,519.34 with a gain of 622.00 points i.e. 0.78 percent and the Nifty 50 closed at 24,502.15 with a jump of 186.20 points i.e. 0.77 percent. Intra-day, the Sensex reached a high of 80,893.51 and the Nifty reached a high of 24,592.20.Read more :- Cotton Prices Plummet by 40% in Ramanathapuram Market, Farmers Seek Government Aid
Pakistan: The Government Agrees to Increase the Production of CottonFederal Minister for Industries, Production, and National Food Security Rana Tanveer Hussain reaffirmed the government’s commitment to promoting the cotton industry during a meeting of the Pakistan Central Cotton Committee’s governing body on Thursday.He emphasized that Pakistan's economy heavily relies on cotton production, linking the growth of the textile industry to good cotton yields."The textile industry has been granted a subsidy of Rs 10 per unit on electricity, which will significantly alleviate its financial burdens and ease its difficulties," the minister stated.He highlighted the importance of prioritizing research and development, assuring comprehensive government support to farmers, ginners, and all relevant stakeholders. The minister revealed that the country's annual cotton production currently stands at 8.4 million bales, with a target to increase this to 15 million bales by 2025."Yield per acre can be increased with modern agricultural practices and technology," he added. Recommendations are being sought for the restructuring of the Pakistan Central Cotton Committee (PCCC) in light of a report from the Food and Agriculture Organization. The next meeting of the governing body is scheduled for next week.Read More :> Cotton Prices Plummet by 40% in Ramanathapuram Market, Farmers Seek Government Aid
| title | Created At | Action |
|---|---|---|
| Kharif Sowing Insights: Paddy and Pulses Surge, Cotton Declines Amid Monsoon Revival | 20-07-2024 11:35:33 | view |
| Gujarat Textile Traders Set 100-Day Payment Limit Amid New Tax Regulations | 20-07-2024 11:11:28 | view |
| Textile Exports Affected by Container Shortage | 20-07-2024 10:48:17 | view |
| Cotton Purchase Centres by October: Government Assures Court | 20-07-2024 10:39:23 | view |
| The rupee closed 7 paise lower at 83.65 against the US dollar this evening | 18-07-2024 16:32:14 | view |
| Rupee rises 3 paise to 83.55 against US dollar in early trade | 18-07-2024 10:27:52 | view |
| Area Under Cotton in North India Drops by 6 Lakh Hectares, Punjab’s Dip Sharpest | 17-07-2024 17:12:53 | view |
| Tirupur Textile Hub Rebounds in 2024 | 17-07-2024 11:58:22 | view |
| Better monsoon brings smiles on farmers' faces, bumper yield of Kharif crop expected | 17-07-2024 10:59:39 | view |
| Indian farmers rush to plant summer crops after monsoon revives | 16-07-2024 19:26:01 | view |
| The rupee strengthened by 1 paisa to close at Rs 83.58 against the dollar this evening | 16-07-2024 16:28:29 | view |
| Recovery in Domestic Cotton Yarn Demand Expected in FY25: ICRA | 16-07-2024 12:36:40 | view |
| Indian Spinning Mills Turn Cautious as Cotton Season Nears End | 16-07-2024 11:13:58 | view |
| Rupee rises 2 paise to 83.59 against US dollar in early trade | 16-07-2024 10:28:42 | view |
| The rupee closed 5 paise lower at 83.59 against the US dollar this evening | 15-07-2024 16:41:19 | view |
| Bangladesh and Vietnam Poised to Lead Global Cotton Consumption Growth Over Next Decade | 15-07-2024 12:01:29 | view |
| Cotton Under Pink Bollworm Attack in Mansa, Fazilka, and Abohar; Farmers Worried | 15-07-2024 11:16:35 | view |
| Rupee falls 4 paise to 83.55 against US dollar in early trades | 15-07-2024 10:24:26 | view |
| Today evening, the rupee strengthened by 2 paise against the dollar and closed at Rs 83.54 | 12-07-2024 16:25:02 | view |
| Pakistan: Government Pledges to Boost Cotton Production | 12-07-2024 11:13:28 | view |
