Rupee rises 15 paise to 85.35 against US dollar in early tradeThe Indian rupee opened 15 paise stronger at 85.35 against the US dollar as compared to the close of 85.50 against the greenback a day ago.read more :- Indian Rupee higher 03 Paisa, Ends at 85.50 per Dollar
Rupee Rises by 03 Paise to Close at 85.50 Against US DollarThe Indian rupee on thursday higher 03 paise to close at 85.50 per dollar, while it opened at 85.53 in the morning. At the close, the BSE Sensex stood at 81,633.02, up 320.70 points, or 0.39 per cent. The index fluctuated in the range of 81,816.89 - 81,106.98.read more :- Maharastra :Cotton MSP hiked by 589, taking rates to 7,710-8,110/ quintal
Cotton MSP in Maharashtra Raised to ₹7,710–8,110/quintalNagpur: The govt has increased the minimum support price (MSP) for cotton, the major crop of the region, by Rs589. This takes the rates for long staple cotton to Rs8,110 a quintal and Rs7,710 per quintal for the medium staple grade.A section of farmers and activists said it was expected that MSP will be taken to at least Rs8,500 a quintal. According to govt calculations, cost of cultivation per quintal of cotton comes to Rs5,140. Against this, MSP of Rs8,110 leaves margin of Rs2,970 on each quintal of long staple cotton.Charudutta Mayee, ex-director of Central Institute of Cotton Research (CICR), said, "MSP should have been fixed at Rs8,500 a quintal to leave a decent profit for farmers."MSP for soyabean, the second major crop, has been increased by Rs436 to Rs5,328 a quintal. Rates of tur have been hiked by Rs450, taking it to Rs8,000 a quintal. The MSP for paddy has been hiked by Rs69, taking it to Rs2,369 a quintal.read more :- Rupee falls 17 paise at open to 85.53 against US dollar
Rupee open 17 paise down at 85.53/USD as dollar index gainsIndian rupee opened 17 paise down on May 29 after the dollar index gained strength. The local currency traded at 85.53 against the US dollar at open as compared to 85.36 against the greenback at previous.read more :- Area under cotton cultivation up by 15% in Punjab, but long-term decline continues
Cotton Cultivation Grows in Punjab, Decline PersistsCotton cultivation in Punjab has registered a 15 per cent increase this year compared to 2024, offering a ray of hope for the state’s struggling cotton belt.However, the overall trend remains downward when viewed against the last five years, with the area under cotton cultivation continuing to shrink from its historical highs.The figure is likely to improve further as the data of the area under cotton sowing is to be collected till May 31.According to official data, the cotton-growing districts of Fazilka, Bathinda, Mansa, and Muktsar have so far covered 1.13 lakh hectares out of the targeted 1.29 lakh hectares, falling short of the target by 14.6 per cent.“The improvement is visible, though minor. Cotton sowing is almost complete, and final data will be available in early June,” said Jagdish Singh, Chief Agriculture Officer, Bathinda. “Based on the sale of seeds, we are expecting a further increase in the area under cotton by the end of May.”Rajinder Kumar, Chief Agriculture Officer, Fazilka, attributed the partial increase to better awareness and slight recovery of farmer confidence, though a double breach in the Punjawa Minor Canal affected irrigation and sowing timelines in parts of the district.Still far from past gloryDespite this year’s gain, the long-term decline in cotton acreage is stark.In 2019, cotton was sown on 3.35 lakh hectares.The numbers dropped to 2.5–2.52 lakh ha during 2020–2021, to 2.48 lakh ha in 2022, to 1.79 lakh ha in 2023, and further to 98,490 ha in 2024.The latest target of 1.29 lakh ha represents a deliberate scaling down in response to farmer disinterest, pest threats, and market uncertainties.Punjab boasted 8 lakh hectares under cotton cultivation during the 1980s.Experts trace the steady decline to the Green Revolution, which encouraged paddy cultivation in areas with canal water access, leaving only the saline-water-prone Malwa belt suitable for cotton.“Cotton was once white gold, but issues like whitefly and pink bollworm attacks, spurious seeds, and low MSP procurement by the Cotton Corporation of India have disillusioned farmers,” said Sukhjinder Singh Rajan, a Fazilka farmer.In 2015, a whitefly outbreak devastated 3.25 lakh hectares of cotton. A compensation of Rs 8,000 per acre was announced by the then SAD-BJP government.. A pink bollworm infestation in 2021 led to another round of farmer losses and a Rs 17,000 per acre relief package was announced by the then Congress government.read more:- Cabinet approves Minimum Support Prices (MSP) for Kharif Crops for Marketing Season 2025-26
Cabinet Approves Higher MSP for 14 Kharif Crops for 2025-26The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved an increase in the Minimum Support Prices (MSP) for 14 Kharif crops for the 2025-26 marketing season.The MSP hike aims to ensure remunerative prices for farmers. The highest increase has been announced for nigerseed (₹820 per quintal), followed by ragi (₹596), cotton (₹589), and sesamum (₹579 per quintal).The MSP is calculated based on comprehensive production costs, including expenses on labour (human and animal/machine), leased land rent, seeds, fertilizers, irrigation, fuel, depreciation on equipment, interest on working capital, and the imputed value of family labour.The revised MSP aligns with the Union Budget 2018-19 policy of fixing MSP at least 1.5 times the all-India weighted average cost of production. Farmers are expected to receive the highest margins in bajra (63%), followed by maize (59%), tur (59%), and urad (53%). For other crops, the margin is estimated at around 50%.In recent years, the government has focused on promoting pulses, oilseeds, and nutri-cereals (Shree Anna) by offering higher MSPs to encourage diversification beyond traditional cereals.Procurement data highlights a significant rise over the past decade. Between 2014-15 and 2024-25, paddy procurement stood at 7,608 lakh metric tonnes (LMT), compared to 4,590 LMT during 2004-05 to 2013-14. Similarly, procurement of 14 Kharif crops reached 7,871 LMT during 2014-15 to 2024-25, up from 4,679 LMT in the previous decade.The total MSP payments to paddy farmers during 2014-15 to 2024-25 amounted to ₹14.16 lakh crore, significantly higher than ₹4.44 lakh crore paid between 2004-05 and 2013-14. Overall, MSP payments for 14 Kharif crops rose to ₹16.35 lakh crore during the same period, compared to ₹4.75 lakh crore in the earlier decade.Read More :- Indian Rupee higher 25 Paisa, Ends at 85.36 per Dollar
The Indian rupee on wednesday higher 25 paise to close at 85.36 per dollar, while it opened at 85.61 in the morning.The BSE benchmark index, the Sensex, ended with at 81,312 - down 239 points or 0.3 per cent on Wednesday amid weakness in FMCG stocks.read more :-Maharashtra: Farmers put cotton for sale as cotton prices rise
Maharashtra: Cotton Sale Surge Amid Price HikeMurtizapur : As the sowing days are approaching, there is ease in filling seeds through cotton sale.Last year, the sowing of cotton crop had increased a lot. Due to this, many farmers got good income from cotton per acre. Cotton was getting a price of 7000 to 7400 rupees per quintal. But cotton farmers were hoping that this price would increase and cotton would go up to 10 thousand rupees per quintal. Therefore, many farmers had kept their goods at home.At present, due to increase in cotton prices, the price has gone up to 8 thousand rupees per quintal. Sowing days are coming near, in such a situation, there is no possibility of much increase in the price, so the arrival of cotton in the market has increased due to farmers putting their goods for sale.It was told that 300 to 400 quintals of cotton is coming to Om Ginning and Pressing Factory here every day. If the prices are good in the season, this arrival increases to more than 1 thousand quintals per day. Many farmers still have stored cotton, and the farmers waiting for the price hike of Rs 10 thousand per quintal are quite disappointed. But due to slight improvement in the price of cotton, cotton producing farmers have taken out the stored cotton for sale.read more:- New Delhi : Textile Advisory Group Meeting on Cotton and MMF | Giriraj Singh
Textile Advisory Group Discusses Cotton, MMF in New DelhiUnion Textiles Minister Giriraj Singh on Tuesday held a meeting of the Textile Advisory Group (TAG) on Cotton and MMF (man-made fibre) to review the progress of initiatives aimed at strengthening the textiles value chain, according to a release.In his address, Singh highlighted the Mission for Cotton Productivity, and underscored the critical need to enhance cotton productivity and quality to match the 5 F vision of the Prime Minister.The Textiles Minister also called upon all stakeholders to conduct a comprehensive gap analysis across the demand-supply spectrum of the industry. He also suggested that data mapping will ensure a more targeted and data-driven approach to policy interventions. Singh emphasized that innovation and collaboration will be centric to boosting farm productivity and ensuring benefits are received at all levels of the value chain, the release said.Besides, the Minister of State for Textiles Pabitra Margherita appealed to all industry stakeholders to work together to achieve Vision 2030 in a cohesive manner, enhance value returns to farmers by adopting sustainability in farming and augment supply of good quality cotton to the industry by adopting best of technology and processing practices, it stated.read more :- Rupee Opens 28 Paise lower at 85.61/USD
Indian rupee opens 28 paise lower at 85.61 against US dollar.The local currency opened at 85.61 against the dollar after ending the previous session at 85.33.read more :-India’s Cotton Acreage Likely to Shrink Further Amid Shift to Alternate Crops
India's Cotton Acreage to Shrink as Farmers Shift CropsIndia’s cotton cultivation area, which fell by 10% during the 2024 kharif season, is expected to contract further in 2025 as farmers increasingly turn to alternative crops like maize and groundnut. With planting already underway in parts of northern and southern India—where the monsoon has arrived early—industry stakeholders hold mixed views on the outlook for the 2025–26 season.“Cotton acreage will decline in central India, which accounts for about 66% of the country’s total cotton area and production,” said Atul S. Ganatra, President of the Cotton Association of India (CAI), speaking to BusinessLine. “However, the north and south may see a marginal increase. Overall, we expect a 7–8% reduction in the country’s total cotton acreage.”According to Ganatra, farmers in Gujarat are likely to switch from cotton to groundnut, while those in Maharashtra and Madhya Pradesh are moving toward maize. He attributed the trend to poor yields, high input costs, and labour expenses, combined with the availability of more profitable crop alternatives.Bhagirath Chaudhary, Founder Director of the South Asia Biotechnology Centre in Jodhpur, noted that the new cotton season has begun sluggishly, with sowing delayed across northern India. “Delayed canal water release has hit farmer sentiment hard. So far, only 65–70% of sowing has been completed. Crop conditions remain weak due to extreme heat, water scarcity, and recurring sandstorms,” he said.Chaudhary also highlighted a growing disconnect between the central government and cotton-producing states in the north. “There is still no clear roadmap for implementing the much-anticipated Technology Mission on Cotton 2.0. Consequently, cotton acreage in the north looks set to decline for the fifth consecutive year.”On the global front, the US Department of Agriculture (USDA) projects India’s cotton production for the 2025–26 season to fall by 2%, down to 24.5 million bales (of 480 pounds each) from 25 million bales in the previous year. The USDA expects India’s total cotton area to remain largely unchanged at around 11.80 million hectares.Domestically, cotton market sentiment remains subdued amid low demand and uncertain global trends. Despite this, some regions are witnessing strong early sowing activity, buoyed by timely rains and improved water availability.“In regions like Adoni, Yemmiganur, Nandyal (Andhra Pradesh), and Bellary (Karnataka), early sowing using borewell and well water is already complete,” said Ramanuj Das Boob, sourcing agent in Raichur and Vice President of the All India Cotton Brokers Association. “Recent rains have boosted crop prospects, and we may see early arrivals from these areas by September.”However, Das Boob noted that weak global demand and sluggish price movements continue to weigh on the market. “Cotton prices are still below the minimum support price, and with steady sowing and ample availability, a significant carryover stock with the Cotton Corporation of India (CCI) is likely.”During the 2024–25 season, the CCI procured over 1 crore bales due to subdued market prices. With similar market dynamics expected to persist, another round of intervention by the CCI may be needed in the upcoming cycle.read more :-India retains forecast of above average monsoon rains
India Sticks to Rainy OutlookIndia is likely to see above average monsoon rains for the second straight year in 2025, the government said on Tuesday, retaining the forecast it gave last month.The monsoon is expected to total 106% of the long-term average this year, said M. Ravichandran, secretary in the Ministry of Earth Sciences.The India Meteorological Department defines average or normal rainfall as ranging between 96% and 104% of a 50-year average of 87 cm (35 inches) for the four-month season from June to September.read more :-"Current Cotton Market Scenario: A Summary Report"
A SUMMARISE REPORT ON PRESENT COTTON SCENARIO (POSITION AS ON 30/04/2025) (Each bale170 kgs.)▪️Total pressing figure during crop year 2024-2025 is estimated as 291.35 lakh bales & upto 30-04-2025 total 268.20 lakh bales have been pressed. Considering above till April-2025 end total availability of cotton may be assesed as 325.89 lakh bales including import of 27.50 lakh bales and Opening stock of 30.19 lakh bales.▪️Cotton consumption in this cotton season may touch 307 lakh bales and upto 30-04-2025 about 185 lakh bales reported as consumed. (SIS)▪️Export upto April 2025 end is found total 10.00 lakh bales against estimation for this season year of 15.50 lakh bales.▪️It is revealed that till April 2025 end total 27.50 lakh bales imported towards estimation of 33.00 lakh bales in 2024-25 cotton crop year.(SIS)▪️Kepping data of all activites , total available stock as on 30-04-2025 is calculated to the tune of 130.89 lakh bales, consisting of opening stock total pressing and import.Out of above quantum about 35.00 lakh bales lying with Textile mills whereas remaining 95.89 lakh bales with institutional suppliers MNCS, TRADER, GINNER and EXPORTERS etc. (SIS)▪️Summing up above all , it will be derived that till end of the cotton season (2024-25) total cotton supply is to the tune of total 354.54 lakh bales , consisting of opening stock of 30.19 lakh bales, pressing of 291.35 lakh bales and import at 33.00 lakh bales.▪️At the end of cotton season as on 30-09-2025 , closing stock comes to the tune of 32.54 lakh as against of 30.19 lakh bales of last year 2023-24 season as on 30-09-2024.read more :-Indian Rupee lower 18 Paisa, Ends at 85.33 per Dollar
The Indian rupee on tuesday lower 18 paise to close at 85.33 per dollar, while it opened at 85.15 in the morning.BSE Sensex ended 624.82 points or 0.76% lower at 81,551.63 while the broader Nifty 50 closed at 24,826.20, down by 174.95 points or 0.70%.read more :-Rupee Falls 6 Paise to 85.15 vs Dollar
Rupee opens 6 paise lower at 85.15 against US dollarThe Indian rupee opened 6 paise lower at 85.15 against the US dollar on May 27, compared to the previous close of 85.09.read more :-Rupee decline 03 Paisa, Closes at 85.09
Rupee lower 03 Paisa Against Dollar, Closes at 85.09The Indian rupee on monday lower 03 paise to close at 85.09 per dollar, while it opened at 85.06 in the morning. After hitting an intraday high of 82,492, Sensex pared some gains to settle at 82,176.45, higher by 455.3 points or 0.56 per cent. The NSE Nifty50 also closed higher by 148 points or 0.6 per cent at 25,001.15.read more :-Punjab Sees Modest Cotton Acreage Rebound
| title | Created At | Action |
|---|---|---|
| Rupee opens 15 paise higher at 85.35 against dollar | 30-05-2025 17:25:22 | view |
| Indian Rupee higher 03 Paisa, Ends at 85.50 per Dollar | 29-05-2025 22:59:57 | view |
| Maharastra :Cotton MSP hiked by 589, taking rates to 7,710-8,110/ quintal | 29-05-2025 18:16:46 | view |
| Rupee falls 17 paise at open to 85.53 against US dollar | 29-05-2025 17:14:43 | view |
| Area under cotton cultivation up by 15% in Punjab, but long-term decline continues | 28-05-2025 23:53:32 | view |
| Cabinet Clears MSP Hike for Kharif Crops for 2025-26 Season | 28-05-2025 23:04:49 | view |
| Indian Rupee higher 25 Paisa, Ends at 85.36 per Dollar | 28-05-2025 22:44:42 | view |
| Maharashtra: Farmers put cotton for sale as cotton prices rise | 28-05-2025 18:35:26 | view |
| New Delhi : Textile Advisory Group Meeting on Cotton and MMF | Giriraj Singh | 28-05-2025 17:49:23 | view |
| Rupee Opens 28 Paise lower at 85.61/USD | 28-05-2025 17:28:59 | view |
| India’s Cotton Acreage Likely to Shrink Further Amid Shift to Alternate Crops | 28-05-2025 00:34:34 | view |
| India retains forecast of above average monsoon rains | 28-05-2025 00:10:51 | view |
| "Current Cotton Market Scenario: A Summary Report" | 27-05-2025 23:51:23 | view |
| Indian Rupee lower 18 Paisa, Ends at 85.33 per Dollar | 27-05-2025 22:53:29 | view |
| Rupee Falls 6 Paise to 85.15 vs Dollar | 27-05-2025 17:21:51 | view |
| Rupee decline 03 Paisa, Closes at 85.09 | 26-05-2025 22:55:57 | view |
