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bought cotton: Permission for 'Pannan', but no funds; cotton procurement dilemma?Kapus Kharedi: Farme rs have suffered a major setback this year during the cotton season. The Maharashtra State Cotton Marketing Federation (Pannan) has received permission from the central government to procure, but due to a lack of funds, procurement centers are unable to operate. Financial assistance has also been stalled due to the account being declared 'NPA'. As a result, farmers' reliance on the Cotton Corporation of India (CCI) this season has once again rested, while the lack of a concrete decision from the government has increased their concerns.Farmers' hopes for the cotton season in the state appear to be dashed. The Maharashtra State Cotton Marketing Federation (Pannan) has received permission from the central textiles ministry to procure cotton, but due to a lack of funds, procurement centers are unable to operate.Since Pannan's account is currently declared a non-performing asset (NPA), obtaining financial assistance from banks has become difficult. Therefore, farmers will once again have full confidence in the Cotton Corporation of India (CCI) this season.Proposal Stalled Due to Lack of FundsA proposal to set up a procurement center was presented at the Federation's board of directors meeting held in Mumbai on September 30. However, this proposal is currently stalled due to a lack of funds.Federation Director Rajabhau Deshmukh stated that the Federation is expecting to receive some of the outstanding funds from the central government and, if the funds are received, efforts will be made to set up a procurement center.Although the President and Vice President of Pannan have met with Chief Minister Devendra Fadnavis and requested financial assistance, the state government has not yet taken any concrete decision.Impact of Foreign Cotton on the MarketThe abolition of the 11 percent import duty on cotton by the central government has paved the way for cheap cotton from abroad to come to India. This has provided the country's textile industries with an alternative to cheaper imported cotton, leading them to import bales directly from abroad. This situation has reduced demand for Indian cotton, threatening to cause prices to fall in the local market.Increased Burden on FarmersNew cotton has begun arriving at farmers' homes. However, due to the market not opening purchasing centers, the blame falls squarely on the CCI (Cotton Corporation of India). Market prices are currently unstable, and farmers are facing hardship due to arbitrary pricing by traders.The state government needs to take immediate, concrete decisions to provide stability to cotton-producing farmers. Otherwise, if cotton has to be sold at lower prices, farmers' economic calculations are likely to be completely disrupted.read more :- Wardha: Farmers waiting for procurement centers, 15,000 registered with CCI

Maharashtra: Farmers await procurement centers; 15,000 in Wardha register with CCI, crops destroyedWardha: Delays in government procurement have become a new challenge for farmers already struggling with natural disasters. Nearly 15,000 farmers in the district have registered with the Cotton Corporation of India (CCI) to sell their cotton.This year, farmers in the district have suffered heavy losses due to natural disasters. NAFED purchases soybeans at the minimum support price, but this year, NAFED has yet to find an auspicious time to begin registration. As a result, farmers are forced to sell soybeans to private traders at rates below the support price.Government cotton procurement centers have also not been operational. Meanwhile, nearly 15,000 farmers in the district have registered with the Cotton Corporation of India (CCI) to sell their cotton. However, the government procurement centers have not yet been operational, creating problems for cotton-producing farmers.Standing soybean crop set on fireFarmers in the district primarily cultivate cotton, soybean, and pigeon pea during the Kharif season. This year, continuous excessive rainfall has caused significant damage to both cotton and soybean crops. Many farmers, unable to even recover their costs, set their standing soybean crops on fire.Meanwhile, cotton crops are being affected by red rot in some areas and pink bollworm in others. Against this backdrop, Cyclone Montha brought unseasonal rain to the district again on Thursday. The Nagpur Meteorological Department has predicted more rain in the coming days.Due to the soybean crop being wet and other reasons, it has become difficult for farmers to receive MSP prices. Farmers have been forced to sell their crops at low prices. Meanwhile, cotton crops are arriving from the fields to their homes. The lack of procurement centers has created serious challenges for farmers.October 31st announced as the last date for registration.CCI plans to purchase cotton from farmers through 13 centers in the district. Registration for this has been started. So far, about 15 thousand farmers have registered with CCI. The last date for registration has been fixed as 31st October. Last year, CCI had purchased about 9 lakh quintals of cotton from farmers. This year also the organization plans to purchase cotton from 13 centers. These centers include Deoli, Vaygaon (Ni.), Selu, Arvi, Ashti, Karanja (Gha.), Pulgaon, Samudrapur, Hinganghat, Vadner, Shirpur, Anji and Rohna (Kharangna). Currently, registration of farmers is going on at these centers.

The Indian rupee on friday lower 16 paise to close at 88.77 per dollar, while it opened at 88.61 in the morning.At close, the Sensex was down 465.75 points or 0.55 percent at 83,938.71, and the Nifty was down 155.75 points or 0.60 percent at 25,722.10. About 1731 shares advanced, 2240 shares declined, and 138 shares unchanged.read more :- Rain again in Hingoli, damage to cotton crop

Maharashtra: Rain in Hingoli district for the second consecutive day: After soybean, cotton crop suffers major damage, further worsening farmers' hardshipsRain lashed Hingoli town and the entire district for the second consecutive day on Thursday, continuing late into the evening, causing significant crop damage. While the previous rains had already destroyed the soybean crop, the blown-out cotton fields are now rotting, causing hardship for cotton farmers.Hingoli city and district were hit hard by rain in August. Rain continued in September, destroying any remaining soybean. In some areas, farmers had planted soybean and cotton crops, but the rain damaged the soybean and damaged the standing soybean crops. This has reduced soybean yields to less than two bags per acre.Meanwhile, rainfall has decreased once again. The district received heavy rain on Wednesday, the 29th. Kalamnuri taluka received heavy rain, with 65 mm of rain recorded in the past 24 hours. Following this, for the second consecutive day, Thursday, heavy rain fell across the district three times, each within 30 minutes. The heavy rain continued until late evening.Meanwhile, cotton harvesting is underway in the fields. However, since the rain began on the sprouted cotton, the cotton has wilted in the fields. This has caused significant damage to cotton, followed by soybean. The continuous rain has left farmers wondering when to harvest.Farmers Fear Double SowingContinuing rain across the district has delayed the sowing of gram crops for the Rabi season, and farmers fear that if heavy rain occurs after sowing, it will lead to double sowing. Therefore, farmers have prepared their fields for sowing and are waiting for the rains to resume, farmers said.Five gates of the Isapur Dam were opened.Due to this rainfall, the flow of water into the Isapur Dam has increased, and on Thursday, five gates of the dam were opened by half a meter, releasing 8,541 cusecs of water. Meanwhile, six gates of the Yeldari Dam were opened by half a meter, releasing 8,439 cusecs of water.read more :- INR Opens Stronger by 09 Paise at 88.61

 Rupee opens 9 paise up at 88.61/USD on Asian cuesThe local currency opened at 88.61 against the US dollar, as compared to 88.70 against the greenback at previous close.read more :- Government of India launches ColorJet pavilion at ITMA Asia

Ministry of Textiles, Government of India, Inaugurates ColorJet Pavilion at ITMA AsiaThe ColorJet Pavilion at ITMA Asia + CITME Singapore was inaugurated by Shri Rohit Kansal, Additional Secretary, Ministry of Textiles, Government of India. The event was graced by the presence of the Ambassador of India to Singapore, Dr. Shilpak Ambule along with several distinguished dignitaries and industry leaders.During the inauguration ceremony, Shri Rohit Kansal and other dignitaries delivered impactful speeches highlighting the importance of Indian technology and sustainable practices in textile printing.During his visit, “Shri Rohit Kansal applauded the remarkable progress of the Indian textile ecosystem, highlighting how the industry has evolved to make a strong mark globally. He emphasized India’s growing contributions across the textile value chain—from spinning and processing to digital printing- reflecting the nation’s technological strength and innovation-driven growth.”He also commended ColorJet for its outstanding contribution to the Indian textile industry, recognizing the company’s continuous efforts toward advancing technology, promoting sustainability, and positioning India as a leader in digital textile innovation.“It was an absolute honor to have Shri Rohit Kansal, Additional Secretary, Ministry of Textiles, Government of India, inaugurate the ColorJet Pavilion at ITMA Asia Singapore. His visit and words of encouragement reaffirm our commitment to driving innovation, sustainability, and technological excellence in the textile printing industry. At ColorJet, we take immense pride in representing Indian technology on such a global platform and showcasing how ‘Make in India’ solutions are setting new benchmarks in performance and environmental responsibility”, said Mr. Arun Varshney, Vice President and Business head ColorJet Group.At the event, ColorJet unveiled its latest innovation — the Fabjet Pro, a wide-format digital textile printer that exemplifies the company’s dedication to sustainability, advanced technology, and wider-width productivity. The launch reinforces ColorJet’s vision to deliver eco-conscious, high-performance printing solutions that cater to the evolving needs of the global textile industry.read more:- Rupee fell 30 paise to close at 88.70 per dollar

The Indian rupee on thursday lower 30  paise to close at 88.70 per dollar, while it opened at 88.40 in the morning. The BSE Sensex was down 592.67 points, or 0.7 per cent, at 84,404.46, while the NSE Nifty50 slipped 176.05 points, or 0.68 per cent, to 25,877.75.read more :- Trump-Xi Jinping meeting signals trade recovery

Trump, Xi Signal Trade Thaw After High-Stakes Asia MeetingUS President Donald Trump wrapped up his Asia tour on Thursday after a face-to-face meeting with Chinese leader Xi Jinping — a crucial step toward easing months of trade tension between the world’s two largest economies.Following a 100-minute discussion in Busan, South Korea, Trump said Washington and Beijing are “in agreement on many things,” hinting that a trade deal could be signed “pretty soon.”On Air Force One, Trump called it a “great meeting” with Xi, whom he praised as a “great leader.” He announced that the US will lower tariffs on Chinese goods to 47% and that China will resume bulk soybean purchases. The move comes as both sides seek to defuse friction over fentanyl exports and volatile tariff hikes.Trump also declared that issues around rare earth minerals—critical for global tech and defense industries—had been resolved. “There’s no roadblock from China anymore,” he said, adding that both nations recognized the danger of further economic escalation.Xi struck a conciliatory tone, saying the US and China should be “partners and friends,” despite occasional frictions. Both leaders agreed to reciprocal visits in the coming months — Trump to Beijing in April, and Xi to the US soon after.While optimism is high, analysts warn that rivalry in areas like AI, manufacturing, and critical minerals could still reignite tensions between the two powers.read more :- Rains in northern Telangana put cotton farmers in trouble

Continuous Rain Affects Cotton Farmers In North TelanganaADILABAD: Continuous rains have severely affected standing cotton crops, causing cotton to fall from the bolls and get drenched. Several parts of Adilabad, Komaram Bheem Asifabad, Mancherial, and Nirmal districts received heavy rainfall on Wednesday. Farmers are deeply worried about crop damage due to the rains triggered by the Montha cyclone, with fears that the cotton yield may decline further.The farmers’ hopes of getting the Minimum Support Price (MSP) of ₹8,110 per quintal are fading as continuous rains have increased the moisture content in cotton. In this situation, cotton farmers are likely to incur heavy losses. Private traders are reportedly buying cotton at less than ₹7,000 per quintal, citing the high moisture levels. The erstwhile Adilabad district is one of the state’s largest cotton-growing regions, and heavy rains have lashed several areas in Adilabad and Komaram Bheem Asifabad districts.Farmers have already suffered losses as standing cotton crops were inundated during the recent floods caused by incessant rains. Now, the drenched cotton bolls are turning blackish, further reducing their quality. Agricultural labourers are also facing hardships in picking cotton during the first round of harvest, as the black soil has become slushy due to rain. Agriculture department officials earlier estimated a 25 per cent drop in cotton yield for the kharif season. However, with the latest spell of rains under the influence of the Montha cyclone, the yield loss may now rise to 35 per cent.Cotton was cultivated over 4.30 lakh acres in Adilabad district and 3.34 lakh acres in Komaram Bheem Asifabad district during the current Kharif season. Rythu Swarajya Vedika district president Sangepu Borranna said the unexpected rains caused by the Montha cyclone have dealt a severe blow to cotton farmers, especially in the erstwhile Adilabad district and other parts of north Telangana. He added that farmers are struggling to hire agricultural labourers for cotton picking as they lack funds, having been unable to sell their first harvest due to poor quality and high moisture content.read more :- India's new plan: Target to reach $100 billion in textile exports by 2030

Boosting India's Textile Industry: Ministry Drafts Plan to Gain an Edge Over Bangladesh and China; Aims to Achieve $100 Billion in Exports by 2030With Bangladesh, Vietnam, and China becoming more competitive, India is working to regain its value advantage in the global textile market. The government is preparing a cost reduction roadmap that will be implemented in phases: a two-year short-term plan, a five-year medium-term plan, and a long-term plan. According to an ET report, the plan will examine all major cost factors, such as raw materials, labor regulations, taxes, and compliance requirements, to make production and exports cheaper. Officials involved in the work said the roadmap aims to identify where India's cost structure is higher than its competitors and address those shortcomings."The objective is to compare India's costs with those of major global competitors and work on measures to reduce production and export costs and minimize wastage in manufacturing," an official said. Why the Indian textile industry is lagging: Despite being one of the world's largest textile producers, India struggles on several fronts. High logistics and energy costs add to the burden of expensive raw materials, eroding the country's advantage in global markets. In comparison, both Bangladesh and Vietnam operate with lower costs and better productivity. Their labor laws are considered more flexible, and they enjoy duty-free access to raw materials and key markets like Europe.Vietnam ships goods to China without any tariff barriers, while Bangladesh benefits from a cheaper wage structure than India. Industry representatives estimate that labor productivity is 20% to 40% higher in these competing countries. According to ET, the new framework is expected to increase textile exports from the current level of around $40 billion to $100 billion by 2030. As part of this effort, the Ministry of Textiles is creating systems to improve research and development in fibers, fabrics, technical textiles, sustainable materials, and digital traceability.A committee has already been formed to explore how innovation in branding and design can be incorporated for international markets, along with creating opportunities for design houses and start-ups working in new-age textiles. "Extensive consultations will be held with industry associations, banks, innovation labs, start-ups, and international experts," the official said. The government is working on a roadmap, but data shows that the industry's growth remains slow. In the first half of FY2026, textile and apparel exports grew only 0.39% year-on-year.Sanjay Jain, chairman of the National Expert Committee on Textiles of the Indian Chamber of Commerce, said that reforms will play a key role in reducing costs. "Removing quality control orders, rationalizing labor laws, and a free trade agreement with Europe will help reduce costs significantly," he told ET.read more :- Rupee open Falls 20 Paise to 88.40/USD

The Rupee opened 20 paise lower at 88.40 against the US dollar on October 30. The Indian rupee opened 20 paise lower at 88.40 against the US dollar on October 30, compared with 88.20 at the previous close.read more:- INR Gains 01 Paise, Closes at 88.20 per Dollar