Recent News

Rupee Opens at 91.52, Up 10 PaisaIndian rupee opened higher at 91.52 per dollar on Friday versus Thursday's close of 91.62.read more :- Brazil's cotton production projected to decline 10% in 2025/26

Brazil Cotton Output Seen Falling Nearly 10% in 2025/26 SeasonBrazil’s cotton production is projected to decline by nearly 10% in the 2025/26 season, as both planted area and yields are expected to decrease, according to the first crop report by the Brazilian Cotton Producers Association (Abrapa).Planted area is forecast to drop 5.5% year-on-year to 2.052 million hectares, while average yields are expected to fall 4.7% to 1,866 kg of lint per hectare. As a result, total lint production is estimated at 3.829 million tonnes, marking a 9.9% decline compared to the previous season.Abrapa Executive Director Marcio Portocarrero stated that the reduction in area is a strategic decision. He highlighted that Brazil’s cotton sector is responding cautiously to global market conditions, including excess supply and increasing competition from synthetic fibres driven by lower oil prices.He also noted that high interest rates and tighter credit availability have significantly raised production risks for farmers.Independent consultant Pery Pedro indicated that the sharpest decline in cotton area is likely among smaller and medium-scale farmers, particularly those who do not consistently invest in cotton. In contrast, large-scale producers are expected to reduce their planted area by no more than 1%.Pedro explained that many mid-sized farmers, typically cultivating around 3,000 hectares of soybeans, allocate part of their land to second-crop cotton but lack the infrastructure of larger operations. These farmers are more likely to shift away from cotton in favor of crop rotation to improve soil health, driven more by agronomic considerations than pricing factors.He added that the reduction in cotton area is not directly linked to price trends. Although New York cotton futures—an international benchmark—declined by 8% in 2025, current price levels still offer adequate returns for producers to maintain their cotton operations.Planting for the new season has already begun and usually accelerates in January, especially in regions where cotton is grown as a second crop. As of January 8, approximately 18% of the projected area had been planted, according to Abrapa.Despite the lower production outlook, total cotton supply is estimated at 4.76 million tonnes, up 17.6% from the previous season. This increase is largely due to a significant rise in beginning stocks, which are expected to grow by 65.7% to 835,000 tonnes.Exports are projected to reach 3.2 million tonnes, reflecting a 13% increase compared to the prior season.read more :- Big decision of BTMA: It has been announced to close textile mills from 1st February.

BTMA announces indefinite closure of all textile mills from 1 FebThe Bangladesh Textile Mills Association (BTMA) has announced the indefinite closure of all textile mills across the country from 1 February, citing the interim government's failure to take steps to protect local yarn-producing spinning mills.The announcement came at a press conference at the association's office in Dhaka's Karwan Bazar this afternoon (22 January).Addressing the briefing, BTMA President Showkat Aziz Russell said, "We will shut down no matter what. We do not have the capacity to repay bank loans."He alleged that despite approaching all relevant ministries and departments, no effective support had been forthcoming."Every department is simply passing responsibility to others, like a game of pillow passing," he added.He said the industry's capital base has shrunk by half, and there is no viable mechanism to repay bank loans. "Even if we sell off all our assets, it will not be possible to clear the debts," he said.Senior BTMA leaders were also present at the press conference.The decision to close mills came after the commerce ministry requested the National Board of Revenue on 12 January to suspend duty-free yarn imports under the bonded warehouse facility, a move intended to protect domestic spinning mills. Industry leaders warned that the measure could sharply increase production costs for garment and knitwear exporters, potentially raising import duties to around 37% and adding $0.30-$0.60 per kilogram of yarn.This prompted a standoff between textile millers and exporters, with top BGMEA and BKMEA representatives meeting Commerce Adviser SK Bashir Uddin to seek a review, while BTMA leaders separately met the finance adviser without resolution. The potential policy shift threatens to burden Bangladesh's $28 billion knitwear export sector and disrupt the balance between local yarn producers and garment manufacturers.read more :- Rupee fell 07 paise to close at 91.62 per dollar

The Indian rupee on thursday lower 07  paise to close at 91.62 per dollar, while it opened at 91.55 in the morning.At close, the Sensex was up 397.74 points or 0.49 percent at 82,307.37, and the Nifty was up 132.40 points or 0.53 percent at 25,289.90. About 2803 shares advanced, 1235 shares declined, and 146 shares unchanged.read more :- FY 2024-25: Cotton Corporation of India's dividend of ₹8.89 crore

Cotton Corporation of India Presents ₹8.89 Crore Dividend For FY 2024–25The Cotton Corporation of India Ltd. (CCI), a Public Sector Undertaking under the Ministry of Textiles, today presented a dividend cheque of ₹8.89 crore for the financial year 2024–25 to the Union Minister of Textiles, Shri Giriraj Singh, at a ceremonial function held in New Delhi, in the august presence of the Secretary, Textiles, Smt. Neelam Shami Rao and Joint Secretary, Textiles, Smt.Padmini Singla. Shri Lalit Kumar Gupta, CMD, CCI handed over the cheque.The Union Minister of Textiles appreciated CCI’s consistent efforts and emphasized the importance of growth, efficiency, transparency, and innovation in strengthening India’s cotton and textile value chain. He underscored CCI’s pivotal role in ensuring remunerative prices to cotton farmers under MSP operations while maintaining equilibrium in the domestic cotton market.Reviewing the initiatives undertaken during the year, the Secretary, Textiles commended the management and employees of CCI for their dedication and performance and reaffirmed the Ministry’s continued support in achieving future milestones and enhancing the global competitiveness of India’s textile sector.The Secretary, Textiles further highlighted CCI’s backbone role in scaling certified cotton in India. Nearly 97% of certified Kasturi Cotton Bharat—1.51 lakh bales out of 1.58 lakh bales—was produced by CCI, reinforcing quality assurance, traceability, and India’s growing presence in premium global cotton markets.During FY 2024–25, CCI achieved a turnover of ₹20,009 crore, marking one of the highest turnovers in the history of the Corporation. The dividend declaration reflects CCI’s strong financial performance, operational efficiency, and its sustained contribution to the Government of India, while fulfilling its mandate of safeguarding farmers’ interests and ensuring market stability.Strengthening MSP Procurement and Farmer OutreachTo ensure wider and more effective outreach under MSP operations, CCI expanded its procurement infrastructure by opening 571 procurement centres across 150 cotton-growing districts, compared to 508 centres in the previous season. The liberalised norms for opening procurement centres have significantly improved last-mile access, particularly for small and marginal farmers, while reducing transportation costs and waiting time.Farmer empowerment remained at the core of the Central Government under MSP operations through the Kapas Kisan Mobile App, with over 46 lakh farmers registered. The app has transformed MSP procurement into a transparent, paperless, and farmer-centric system, enabling self-registration, advance slot booking, Aadhaar-linked payments, and real-time SMS alerts at every stage—from registration and procurement to bill generation and payment.Procurement operations were being monitored through Local Monitoring Committees (LMCs)at each APMC, supported by dedicated helplines and WhatsApp numbers for prompt grievance redressal. Extensive awareness campaigns through print, radio, social media, and local-language outreach have further ensured informed and inclusive farmer participation.Digital Transformation and TraceabilityCCI has achieved100% traceability of cotton bales through its Blockchain-based Bale Identification and Traceability System (BITS), enabling end-to-end tracking from procurement to processing using QR codes.On the buyer side, CCI enhanced Ease of Doing Business through CotBiz, its online Cotton Seed and Bale Billing System. CotBiz facilitates faceless, paperless e-auctions, supported by real-time dashboards, digital contracts, invoices, and gate passes, fully integrated with CCI’s ERP system.read more :- The rupee opened 15 paise higher at 91.55 against the dollar.

Rupee opened 15 paise higher at 91.55/USDIndian rupee opened higher by 15 paise at 91.55 per dollar on Thursday against previous close of 91.70.read more :- Rupee fell 51 paise to close at 91.70 per dollar

The Indian rupee on Wednesday lower 51  paise to close at 91.70 per dollar, while it opened at 91.19 in the morning.At close, the Sensex was down 270.84 points or 0.33 percent at 81,909.63, and the Nifty was down 75 points or 0.30 percent at 25,157.50. About 1357 shares advanced, 2509 shares declined, and 127 shares unchanged.read more :-  US Tariff: Impact on domestic economy, foreign exporters safe

US tariffs hit domestic economy, not foreign exporters US import tariffs are paid by Americans, not foreign exporters contrary to official rhetoric, according to new research from the Kiel Institute for the World Economy. The study finds that 96 per cent of tariff costs are borne by US importers and consumers, acting like a domestic consumption tax that raises prices, shrinks product variety, and depresses trade volumes."The tariffs are an own goal. The claim that foreign countries pay these tariffs is a myth. The data show the opposite: Americans are footing the bill,” said Julian Hinz, research director at the Kiel Institute and one of the authors of the study. The research, analysing over 25 million shipment records worth nearly $4 trillion, showed US customs revenue rose by around $200 billion in 2025, while foreign exporters absorbed only four per cent of the burden. Trade volumes collapsed, but export prices did not fall, indicating exporters did not offset tariffs through discounts.Examining unexpected tariff hikes on Brazil and India in August 2025, the study found Indian exports to the US fell by up to 24 per cent in value and volume, while unit prices remained unchanged."We compared Indian exports to the US with shipments to Europe and Canada and identified a clear pattern. Both export value and volume to the US dropped sharply, by up to 24 per cent. But unit prices—the prices Indian exporters charged—remained unchanged. They shipped less, not cheaper," Hinz explained.Researchers conclude that tariffs squeeze US company margins, raise consumer prices, and force exporters to seek alternative markets, ultimately disadvantaging all sides.read more :- Deloitte estimates: 7.5–7.8% growth in FY 2025-26

Indian economy to grow 7.5-7.8% in FY2025-26: Deloitte India’s economy is expected to grow 7.5-7.8 per cent in FY2025-26, supported by resilient domestic demand, easing inflation, and a series of fiscal, monetary, and labour reforms, according to the Deloitte Global Economics Research Centre’s report, ‘India Economic Outlook, January 2026.’ Growth is projected to moderate to 6.6-6.9 per cent in FY2026-27 as global uncertainties and trade frictions persist.The global consultancy said 2026 will be defined by resilience in domestic consumption, decisive policy reforms, and recalibration of trade strategy, as India navigates spillover effects from protectionist shifts in advanced economies, volatile capital flows, and higher tariffs on select exports.Despite these headwinds, India maintained strong momentum in the first half of fiscal 2025-26, recording 8 per cent growth, driven by robust private consumption and investment. Inflation averaged 1.8 per cent, its lowest level in a decade, boosting real incomes and consumer confidence.Private consumption rose 7.9 per cent year-on-year (YoY) in the second quarter (Q2), supported by tax relief, goods and services tax (GST) rationalisation, and favourable monsoon conditions. At the same time, government capital expenditure accelerated, with utilisation reaching 51.8 per cent in the first half of the fiscal, lifting gross fixed capital formation growth to 7.6 per cent.On the production side, gross value added (GVA) expanded 8.1 per cent in Q2, led by manufacturing growth of 9.1 per cent and services growth of 9.2 per cent.Deloitte noted that policy co-ordination played a central role in cushioning the economy. Fiscal measures focused on boosting disposable incomes and sustaining infrastructure investment, while the Reserve Bank of India (RBI) delivered a cumulative 125-basis-point rate cut in 2025 to support credit growth and domestic demand. The long-pending labour codes, implemented in 2025, are expected to improve ease of doing business and accelerate job formalisation.On the external front, India continued to diversify trade partnerships through agreements with the UK, New Zealand, Oman, and European Free Trade Association (EFTA), while expanding engagement with emerging markets across Africa, Southeast Asia, and West Asia. However, delays in the proposed United States (US)-India trade agreement remain a key risk for exporters.Deloitte estimated that in the absence of a US-India trade agreement, American tariffs could shave 0.3-0.4 per cent of Gross Domestic Product (GDP) from Indian exports, likely keeping goods export growth subdued in the near-term.Looking ahead, policy priorities must transition from demand-led support to supply-side reforms such as GST 2.0, improved logistics efficiency, and productivity gains to sustain growth and strengthen resilience against future global shocks, Deloitte noted.read more :- CAD to reach 2.3% of GDP in FY26 Q3: ICRA

Indian CAD to widen to 13-quarter high of 2.3% of GDP in Q3 FY26: ICRA India’s merchandise trade deficit (MTD) widened to a higher-than-expected $25 billion in December last year from $20.6 billion in December 2024, amid a sustained double-digit growth in non-oil non-gold imports, even as export growth was muted at just 1.9 per cent year on year (YoY) in the month, according to ICRA.With a material widening in the MTD in Q3 FY26 compared to the year-ago quarter, ICRA projected the current account deficit (CAD) to surge to 2.3 per cent of gross domestic product (GDP) in Q3 FY26, which would be the highest level in last 13 quarters.The current account is likely to seasonally turn favourable in Q4 FY26 to a mild surplus of sub-1 per cent of GDP. Overall, ICRA estimates the FY26 CAD at a benign 0.8 per cent of GDP.India’s merchandise exports inched up by 1 per cent sequentially to $38.5 billion in December 2025. However, merchandise imports increased by a stronger 8.8 per cent YoY and 1.4 per cent month on month (MoM) to $63.6 billion in December 2025. Consequently, the MTD rose to $25 billion in December 2025 from $20.6 billion in the year ago month.Exports to the United States remained stable at $6.9 billion in December 2025 compared to November, while displaying a YoY dip of 1.8 per cent. In contrast, shipments to non-US regions rose by 2.7 per cent after a nearly 6-per cent average growth during July-November 2025.read more :- India's textile sector: hub of jobs

India’s textile sector emerging as major jobPrime Minister Narendra Modi on Tuesday highlighted the rapid transformation of India’s textile sector into a powerful, job-creating and people-centric engine of growth, stating that it reflects the true spirit of Aatmanirbhar Bharat.The Prime Minister shared an article authored by Union Minister for Textiles Giriraj Singh, which outlines how the sector has evolved from a legacy industry into a modern driver of employment, investment and exports.In a post on X, PM Modi said, “In this article, Union Minister Shri Giriraj Singh outlines the rise of India’s textile sector from a legacy industry to a powerful, job-creating, people-centric engine of growth, embodying the true spirit of Aatmanirbhar Bharat. He highlights that PM MITRA Parks, PLI schemes and new Free Trade Agreements are creating the next wave of employment.”In his article, Singh said that India’s textile resurgence is anchored in strong domestic demand and rising consumption. With a population of over 140 crore, India has emerged as one of the world’s most resilient textile markets. The domestic textile market expanded from around ₹8.4 lakh crore to an estimated ₹13 lakh crore over the past five years.Consumption trends further reinforce this momentum. Per capita textile consumption has nearly doubled over the last decade – from about ₹3,000 in 2014–15 to over ₹6,000 in 2024-25 – and is projected to double again to ₹12,000 by 2030, the minister noted.Export performance has mirrored this demand-led growth. Textile and apparel exports rose from ₹2.49 lakh crore in 2019-20, the year the COVID-19 pandemic struck, to nearly ₹3.5 lakh crore in 2024-25, registering around 28 per cent growth in the post-Covid period. This rebound, the minister said, highlights India’s ability to rapidly scale manufacturing as global demand recovers and convert export growth into employment across the textile value chain.The article places particular emphasis on the PM Mega Integrated Textile Region and Apparel (PM MITRA) Parks scheme. The government expects investments worth ₹18,500 crore to flow into the sector based on proposals received under the initiative, which aims to boost production, employment and exports.Once operational, PM MITRA Parks are expected to attract investments of around ₹10,000 crore and generate approximately three lakh direct and indirect jobs, significantly strengthening India’s textile manufacturing ecosystem.read more :- Rupee opens 22 paise down at 91.19