Rupee Strengthens 24 Paisa Against Dollar, Closes at 84.24The Indian rupee on monday higher 24 paise to close at 84.24 per dollar, while it opened at 84.48 in the morning.At close, the Sensex was up 294.85 points or 0.37 percent at 80,796.84, and the Nifty was up 114.45 points or 0.47 percent at 24,461.15. About 2462 shares advanced, 1404 shares declined, and 171 shares unchanged.read more :-Cotton acreage will increase in Kharif season: Agriculture department in Dhar has set a target of 5 lakh 14 thousand hectares
Dhar Sets 5.14 Lakh Hectare Cotton Target for Kharif SeasonDhar :The Agriculture Department in Dhar has started preparations for the upcoming Kharif season. The department has set a target of 5 lakh 14 thousand hectares for cotton sowing this year. After the last phase of government wheat procurement, farmers will start preparing for sowing of Kharif crops from May 5.According to the Agriculture Department, there is a possibility of increase in cotton acreage this time. The department will provide seeds and necessary agricultural material to the farmers on time, so that sowing can be completed on time.The target is to sow various Kharif crops in about 5 lakh 14 thousand 675 hectares of area in the district. For the last two-three years, due to low yield and limited price of soybean, farmers have become disillusioned with this crop. However, due to lack of options, soybean will still remain the main crop.The trend of farmers of the area is moving away from soybean towards cotton and maize. It is estimated that this year the cotton acreage may increase up to five thousand hectares. Seeds are available in sufficient quantity in the market, but the price of cotton seeds has increased compared to last year, which is a matter of concern for the farmers. Target for Kharif crops (in hectares) will be Soybean: 3,05,000, Cotton: 1,10,000.read more :-Cotton Seed Sale: Cotton Seed Sale from May 15
Cotton Seed Sale Starts May 15The Agriculture Department is taking precautions to ensure that farmers sow cotton only after June 1, as sowing of cotton before June leads to pink bollworm infestation. In this backdrop, the Agriculture Department has clarified that cotton seeds for this year's (2025-26) season will be sold to farmers after May 15.Cotton is cultivated in about four million hectares of area in the state. This number decreases every year. The area under cotton cultivation is increasing, mainly in Marathwada and Vidarbha, but now also in Western Maharashtra. In the year 2017, there was a massive outbreak of pink bollworm in the state.This caused damage to cotton. Farmers suffered huge financial losses. After this, the government took steps to reduce the outbreak of pink bollworm between 2018 and 2024. Under this, it was ensured that cotton is not sown before June 1.It appears that the outbreak will reduce significantly in the 2024-25 season. According to cotton scientists, failure to break the life cycle of the pink bollworm can increase the risk of infection. Therefore, this year too the agriculture department is taking care to ensure that pre-season cotton is not sown, which is one of the many measures to control the pink bollworm.Therefore, it has been announced that the seeds will be sold only after May 15, and the agriculture officers and staff of that area should take strict care to ensure that planting is done only after June 1, the director of quality control inputs has said. Action will be taken if the seeds are sold within the stipulated time.This is the plan.- 1st May to 10th May: From manufacturing company to distributor- 10th May onwards: From distributors to retailers- 15th May onwards: From retailers to farmers- Actual planting: After 1st JuneFarmers will get cotton seeds in the market after 15th May for this season. Farmers should sow cotton after 1st June instead of pre-season sowing to prevent the spread of pink bollworm. The pink bollworm infestation has reduced since pre-season sowing of cotton has been stopped.read more :- Cotton cultivation to rise in Adilabad in Kharif Telangana
Cotton Acreage to Rise in Adilabad This KharifAdilabad: The agriculture department is taking steps to make available cotton seed varieties preferred by farmers in the market for Kharif, to avoid protests. Last year, there were protests in Adilabad district for Rasi 659 cotton seed variety packets. The officials will inform farmers about the stock. Agriculture officials prepared an action plan for Kharif and estimated that cotton crop will be cultivated in 4.40 lakh acres in Adilabad district. The area under cotton cultivation may increase in Kharif.Farmers had staged protests in Adilabad assembly constituency demanding supply of Rasi 659. The variety was most preferred by farmers, leading to shortage. District officials engaged seed distributors and enquired about the availability of seeds at their stores. Agriculture extension officials will prepare village-wise schedules for cotton seed purchase on any given day to prevent ruckus and unwanted incidents during seed purchase. The officials are going to form committees comprising police, agriculture officials and revenue officials and conduct raids on godowns to prevent seeds from going illegally into the black market and creating artificial shortage. District Agriculture Officer Sridhar Swamy said they have estimated that 11,00,000 cotton seed packets would be required to grow the crop on 4.40 lakh acres in Adilabad district and added that seed distributors would make available 21,60,000 cotton seed packets of different varieties in the market for the benefit of farmers.read more :-Indian rupee opens 8 paise higher at 84.48 against US dollar
Rupee Opens Stronger, Gains 8 Paise to 84.48 Against US DollarIndian rupee opened marginally higher at 84.48 per dollar on Monday versus Friday's close of 84.56.read more :-Farmers should not sow cotton due to high temperature in the district: Deputy Director Agriculture
Farmers Advised to Avoid Cotton Sowing Amid HeatwaveMost of the farmers in the district sow cotton crop in the month of May. Currently, the temperature in the district is 36 to 42 degrees. Hot wind is blowing. In such a situation, the germination of cotton seeds and the growth of plants can be adversely affected. Farmers should sow cotton only after June 1 or when the temperature is low. There is a high possibility of pink bollworm if cotton is sown early. Cotton seeds have started coming to private sellers in the district.Deputy Director Agriculture RL Jamre said this to the farmers while giving information about sowing. Farmers have been appealed to buy seeds on bill from registered private sellers of the district only at high quality and fixed price. The government has fixed the price of BG-1 cotton seed at Rs 635 per packet and BG-2 cotton seed at Rs 901 per packet. If any private seed seller in the district sells at a higher rate than this, then complain to the Block Agriculture Officer or Nodal Officer of the District Office. If any seed seller in the district is found selling cotton seeds at a price higher than the prescribed price, action will be taken under the Seed Act.According to the District Agricultural Meteorological Unit of Krishi Vigyan Kendra Barwani, there is a possibility of light clouds in the district from May 3 to May 7 in the coming days. The relative humidity in the air is likely to be 41 to 63 percent in the morning and 19 to 35 percent in the afternoon. The maximum temperature will be between 40 to 42 degrees and the minimum temperature will be between 23 to 26 degrees and there will be a possibility of western wind blowing at 10 to 12 km per hour. There is a forecast of light rain on May 5 and 6. Due to the formation of a system, there is a possibility of light and heavy rain in the district along with strong winds including thunder and lightning.read more :-Weekly Summary Report: Cotton Bales Sold by Cotton Corporation of India (CCI)
Weekly Cotton Bale Sales Summary – CCICotton Corporation of India (CCI) conducted online bidding for cotton bales throughout the week, with the daily sales summary being as follows:April 28, 2025: CCI sold a total of 62,300 bales - comprising 61,100 bales (2024-25 season) and 1200 bales (2023-24 season). The Mills session sales sold 37,600 bales (2024-25) and 800 bales (2023-24). While the Traders session sold 23,500 bales (2024-25) and 400 bales (2023-24).29 April 2025: Total sales were 31,800 bales (2024-25 season), including 17,000 bales in Mills session and 14,800 bales in Traders session.30 April 2025: Total sales were 12,900 bales (2024-25 season), including 6,800 bales in Mills session and 6,100 bales in Traders session.02 May 2025: The week concluded with sales of 1500 bales (2024-25 season) including 1,500 bales in Mills session and no sales in Traders session.Weekly Total:During the full week, CCI sold around 1,08,500 cotton bales successfully using its online bidding platform to streamline sales and facilitate smooth trade operations.Stay tuned with SiS for real time updates on textile industry.read more :-Rupee lower 54 Paisa Against Dollar, Closes at 84.56
The Indian rupee ended 54 paisa down on Friday at 84.56 to the dollar, while it opened at 84.02 in the morning.At close, the Sensex was up 259.75 points or 0.32 percent at 80,501.99, and the Nifty was up 12.50 points or 0.05 percent at 24,346.70. About 1672 shares advanced, 2122 shares declined, and 134 shares unchanged.read more :-Innovative Sustainable Fashion Leader Liz Hershfield Named Cotton Council International (CCI) Executive Director
Innovative Sustainable Fashion Leader Liz Hershfield Named Cotton Council International (CCI) Executive DirectorWASHINGTON, May 1, 2025 /PRNewswire/ -- Fashion industry veteran and sustainability expert Liz Hershfield will lead Cotton Council International (CCI), the export promotion arm of the National Cotton Council of America (NCC), as its new Executive Director. Hershfield succeeds Bruce Atherley, who retired at the end of March.Liz Hershfield Named Cotton Council International (CCI) Executive Director"Strong leadership and innovative strategies are essential to maintaining U.S. cotton's competitive edge," NCC President & CEO Gary Adams said. "Liz is well poised to enhance COTTON USA™ programs by communicating U.S. cotton's benefits, giving U.S. cotton growers more opportunities to thrive in the complex global market."Hershfield's specialized expertise in sustainability, global sourcing, product development and end-to-end supply chain strategy, alongside extensive experience with U.S. cotton, will advance CCI in leading the world to cotton's next level through its COTTON USA™ brand and help drive global U.S. cotton initiatives."There's never been a more important time to champion U.S. cotton," Hershfield said. "U.S. cotton has an incredible story to tell—rooted in quality, innovation and an unwavering commitment to sustainability, underscored by trust earned through reliable COTTON USA™ partnerships.I'm honored to join the talented team at CCI to bolster growth in demand and preference for U.S. cotton across the global textile supply chain."Throughout her distinguished career, Hershfield has spearheaded supply chain and sustainability initiatives for globally established brands such as J.Crew, Madewell and Gap Inc. She also founded Green-ish, a consultancy that helps businesses navigate the complexities of environmental, social and governance (ESG) and supply chain management.Her contributions to sustainable fashion have earned her widespread recognition, including the prestigious Textile Exchange Ryan Young Climate+ Award for her pioneering regenerative cotton program supporting U.S. cotton farmers. Hershfield was also honored with The Lead's "The Direct 60" award and named to the Rivet 50 Index for her leadership in the denim industry.In her new role as CCI Executive Director, Hershfield will leverage her vast experience with U.S. cotton and her proven track record in sustainable fashion and supply chain management to globally elevate "The COTTON USA™ Difference" of superior U.S. cotton plus unrivalled partnership across the global textile supply chain.About COTTON USA™: Cotton Council International (CCI) is a non-profit agricultural trade association that promotes U.S. cotton fiber, yarn and manufactured cotton products around the globe under our COTTON USA™ brand. With nearly 70 years of experience, our mission is to make U.S. cotton the preferred fiber for mills/manufacturers, brands/retailers and consumers. Our reach extends to more than 50 countries through 20 offices around the world.read more :-Indian rupee opens 47 paise higher at 84.02 against US dollar
In relation to the US dollar, the rupee opens 47 paise higher at 84.02.Indian rupee opened 47 paise higher at 84.02 per dollar on Friday versus Wednesday's close of 84.49.read more :-Indian Rupee higher 66 Paisa, Ends at 84.49 per Dollar
The Indian rupee on wednesday higher 66 paise to close at 84.49 per dollar, while it opened at 85.15 in the morning.At close, the Sensex was down 46.14 points or 0.06 percent at 80,242.24, and the Nifty was down 1.75 points or 0.01 percent at 24,334.20. About 938 shares advanced, 2828 shares declined, and 141 shares unchanged.read more:-Cotton Falls On Profit Booking Despite CAI’s Forecast Of Lower Domestic Crop Output
Cotton Slips on Profit Booking Despite Lower Crop Forecast Cottoncandy prices fell by 1.14% to ₹54,670 amid profit booking, following a recent bullish streak driven by concerns over a shrinking domestic crop. The Cotton Association of India (CAI) revised its production forecast downward by 4 lakh bales to 291.30 lakh bales (170 kg each), largely due to reduced output in Maharashtra. Previously, CAI estimated production at 295.30 lakh bales. Despite the lower crop outlook, prices saw limited upside due to weak mill demand and ample current stocks. As of March-end, total cotton supply, including imports and opening stocks, stood at 306.83 lakh bales. Imports for the current season are expected to surge to 33 lakh bales, more than doubling from 15.20 lakh bales last year, reflecting heightened concerns over crop shrinkage. Meanwhile, exports are projected to decline sharply to 16 lakh bales, down from 28.36 lakh bales a year earlier. The estimated closing stock for 2024–25 has been lowered to 23.49 lakh bales from 30.19 lakh bales last year, indicating tightening domestic availability by season end. On the global front, the U.S. balance sheet shows a marginal reduction in exports and a corresponding increase in ending stocks. Global production and consumption forecasts have also been reduced, particularly due to lower demand from China and Indonesia, with minor gains in Turkey. Technically, the market is undergoing long liquidation, with open interest falling by 1.18% to 251. Support lies at ₹53,940, with further downside potential to ₹53,220, while resistance is seen at ₹55,440, and a break above could take prices to ₹56,220.read more :-Indian Rupee Rises 10 Paise to Open at 85.15 Against US Dollar
Rupee Opens 10 Paise Higher at 85.15/USDIndian rupee opened 10 paise higher at 85.15 per dollar on Wednesday against Tuesday's previous close of 85.25.read more :- Rupee Falls 17 Paisa, Closes at 85.25 Against US Dollar
The Indian rupee on tuesday lower 17 paise to close at 85.25 per dollar, while it opened at 85.08 in the morning.At close, the Sensex was up 70.01 points or 0.09 percent at 80,288.38, and the Nifty was up 7.45 points or 0.03 percent at 24,335.95. About 1766 shares advanced, 2012 shares declined, and 125 shares unchanged.read more :-Preparations underway to remove import duty on cotton, farmers may suffer losses due to fall in prices
Cotton Import Duty Cut May Hurt Farmers with Price DropThe Government of India may abolish the 10 percent import duty and 10 percent cess on cotton. The reason is the pressure of the cotton industry! In view of the shortage of cotton in the country, the cotton industry is trying to get the import duty on cotton abolished with the aim of increasing textile exports. But farmers may have to suffer losses due to this.If the import duty on cotton is abolished, then the prices of cotton in the domestic market may fall due to cheap imports from abroad. Apart from farmers, the Cotton Corporation of India (CCI), the government agency authorized to purchase cotton at the Minimum Support Price (MSP), may also have to bear the loss. Because out of the approximately 100 lakh bales purchased by CCI at MSP, about three-fourths of the stock is still with it.According to sources, the Ministry of Textiles is in favor of abolishing the import duty on cotton and CCI is also expected to agree on this issue. There is a lot of lobbying by the yarn and fabric industry for the removal of import duty on cotton. Currently, 10 percent import duty is applicable on cotton and 10 percent cess is levied on it, due to which the effective import duty becomes 11 percent.Lalit Kumar Gupta, CMD of Cotton Corporation of India (CCI), told Rural Voice that India imports 10 to 15 lakh bales of special quality cotton every year and this import is not affected by customs duty. Because this kind of cotton is not produced in the country and it has to be imported. The central government had recently called a meeting of the Committee on Cotton Production and Consumption (COCPC) to discuss the issue of cotton import, in which the opinion of most of the people involved was in favor of abolishing the import duty on cotton. Some people involved in the meeting also said that in case of removal of duty, the prices of cotton outstanding with the farmers will fall.When asked about CCI's opinion on the removal of customs duty on cotton, Lalit Kumar Gupta said that whatever decision the government takes, we are with it. As far as farmers are concerned, their interests are protected by MSP. We are the agency responsible for protecting the interests of farmers. However, regarding the loss due to fall in prices, he says that we sell cotton in the market throughout the year. Sometimes we get high prices at the end of the year because in case of shortage of cotton in the market, ginning companies stop the goods and even then increase the price. Still, if CCI suffers any loss, the government compensates for it.The Managing Director of CCI says that the yarn and fabric industry is of the opinion that government interference should be less. At the same time, if India abolishes customs duty, then due to the opening of the Indian market for import, the prices of cotton in the global market increase by one to two percent. Along with this, he told that there is no customs duty on cotton in any country other than India. We have import duty on cotton from 2022. He said that CCI is selling cotton at the price of Rs 55 thousand to Rs 56 thousand per candy (about 356 kg). In the current season 2024-25, CCI has purchased 100 lakh bales of cotton (170 kg per bale) and about 25 percent of it has been sold in the market.The season of buying cotton at MSP by CCI has also ended. In such a situation, about two-thirds of the crop is either with the farmers or the farmers have sold it to the traders. Industry sources say that farmers have 60 to 65 lakh bales of cotton. If the government removes the import duty on cotton, then its import will cost around Rs 48 to 50 thousand per candy. In that situation, the prices of domestic cotton being sold by CCI at Rs 55 to 56 thousand per candy may be adversely affected. Not only will this harm the farmers, but if the prices fall, industry sources are fearing that CCI may also suffer a loss of more than Rs 2000 crore on the outstanding stock.For the cotton season 2024-25, the Cotton Association of India (CAI) had estimated cotton production in the country to be 302.25 lakh bales, which was reduced to 295.30 lakh bales in March 2025. According to CAI, the consumption estimate for the current year is 313 lakh bales. At the same time, in the second advance estimate of agricultural production released by the government on March 11, 2025, cotton production has been reduced to 294.25 lakh bales. The Ministry of Agriculture had released an estimate of cotton production to be 299.26 lakh bales in the first advance estimate released in November 2024.If the government abolishes the import duty on cotton, then farmers will be discouraged at the time of sowing the new crop as the cotton sowing season is starting. The government had announced the Cotton Mission in this year's budget, which aims to promote cotton production in the country. If cheap cotton is imported into the country, then the government's objective along with the farmers may be adversely affected. Along with this, this issue can also take a political color and farmer organizations can oppose this move of the government. The special thing is that there are about 220 Lok Sabha seats in the country where cotton is produced. In such a situation, this matter is also politically very sensitive.read more :-Rupee opens 5 paise lower at 85.08 against dollar
Indian rupee opens 5 paise lower at 85.08 against US dollarIndian rupee opened marginally lower at 85.08 per dollar on Tuesday versus previous close of 85.03.read more :-Rupee higher 26 Paisa Against Dollar, Closes at 85.03
| title | Created At | Action |
|---|---|---|
| Rupee Gains 24 Paisa, Closes at 84.24 | 05-05-2025 22:39:20 | view |
| Cotton acreage will increase in Kharif season: Agriculture department in Dhar has set a target of 5 lakh 14 thousand hectares | 05-05-2025 19:24:18 | view |
| Cotton Seed Sale: Cotton Seed Sale from May 15 | 05-05-2025 18:58:01 | view |
| Cotton cultivation to rise in Adilabad in Kharif Telangana | 05-05-2025 18:01:29 | view |
| Indian rupee opens 8 paise higher at 84.48 against US dollar | 05-05-2025 17:16:36 | view |
| Farmers should not sow cotton due to high temperature in the district: Deputy Director Agriculture | 03-05-2025 17:58:41 | view |
| Weekly Summary Report: Cotton Bales Sold by Cotton Corporation of India (CCI) | 03-05-2025 01:07:20 | view |
| Rupee lower 54 Paisa Against Dollar, Closes at 84.56 | 02-05-2025 22:46:45 | view |
| Innovative Sustainable Fashion Leader Liz Hershfield Named Cotton Council International (CCI) Executive Director | 02-05-2025 19:10:29 | view |
| Indian rupee opens 47 paise higher at 84.02 against US dollar | 02-05-2025 17:17:30 | view |
| Indian Rupee higher 66 Paisa, Ends at 84.49 per Dollar | 30-04-2025 22:49:11 | view |
| Cotton Falls On Profit Booking Despite CAI’s Forecast Of Lower Domestic Crop Output | 30-04-2025 17:51:01 | view |
| Indian Rupee Rises 10 Paise to Open at 85.15 Against US Dollar | 30-04-2025 17:13:26 | view |
| Rupee Falls 17 Paisa, Closes at 85.25 Against US Dollar | 29-04-2025 22:42:56 | view |
| Preparations underway to remove import duty on cotton, farmers may suffer losses due to fall in prices | 29-04-2025 18:00:11 | view |
| Rupee opens 5 paise lower at 85.08 against dollar | 29-04-2025 17:13:45 | view |
