Rupee fell 4 paise to 83.19 against US dollarSensex and Nifty opened with nominal gainsToday the stock market started with a rise. Today BSE Sensex opened at 66024.41 points with a rise of about 0.72 points. Whereas NSE's Nifty opened with a gain of 10.00 points at the level of 19684.50 points.The Indian rupee opened 5 paise lower against the US dollar on Tuesday amid a strong US currency and rise in treasury yields overseas. The local currency opened at 83.19 per dollar compared to the previous close of 83.1
India's monsoon starts delayed retreatIndia's monsoon rains started withdrawing from the northwest of the country on Monday, more than a week later than normal, the state- run India Meteorological Department (IMD) said in a statement.The monsoon, the lifeblood of India's $3 trillion economy, delivers nearly 70% of the rain needed to water its farms and recharge reservoirs and aquifers.The monsoon generally begins in June and starts to retreat by Sept. 17 but rains continued this year, helping to reduce a precipitation deficit after the driest August in more than a century hit some summer crops.Monsoon rains were 9% below average in June before rebounding to 13% above average in July. The weather office then registered 36% below average rains last month.Monsoon rains so far in September are 17% above average, according to IMD."The southwest monsoon has withdrawn from some parts of Rajasthan. Conditions are favourable for the withdrawal of the monsoon from more northern states in the next one week," a senior IMD official said.
In the evening, the rupee closed at Rs 83.15 with a weakness of 22 paise against the dollar.Stock market saved from declineThere was stability in the stock market today. Today Sensex closed at 66023.69 points with a gain of 14.54 points. Whereas Nifty closed at the level of 19674.50 points with a gain of 0.20 points.
Cotton production next season expected to be about 330 lakh bales, says cotton federationIndia is expected to see production of 330 lakh to 340 lakh bales (each 170 kg) of cotton in 2023-2024 cotton season that begins on October 1, said J. Thulasidharan, president of the Indian Cotton Federation, in Coimbatore city on September 24.He said at the annual general meeting of the federation that sowing had crossed 12.7 million hectares. In the current season that would end this month, 335 lakh bales of cotton had arrived in the market and even now, with just a few more days for the season to end, 15,000 to 20,000 bales were coming to the market. Some of it was new harvest from Karnataka and the northern cotton growing States.The trend may continue during the next cotton season. The Central government has increased the Minimum Support Price (MSP) for cotton by 10 % and at present the market prices are above the MSP. The demand for cotton from the textile industry was low this year and most of the textile units functioned at less than optimum capacity, he said.According to P. Nataraj, vice president of the federation, import of extra long staple cotton was affected this season due to 11% import duty, though there was partial relaxation for imports from Australia, South Africa etc. There is a need to increase the yield in the cotton farms in India by adopting best practices.Secretary of the federation Nishant Asher said export of yarn and finished textile goods though affected by recessionary trend had seen a revival recently.source : The Hindu Bureau
Rupee falls 11 paise to open at 83.04 against the US dollarThe Indian rupee opened 11 paise lower against the US dollar Monday weighed down by broader strength in the greenback and soaring US treasury yields. The local currency opened at 83.04 a dollar as against Friday’s close of 82.93.*The stock market opened with a rise and immediately fell.**Today started with a decline in the stock market. Today BSE Sensex opened with a fall of 75.01 points at the level of 65934.14 points. Whereas NSE's Nifty opened with a fall of 23.70 points at the level of 19650.60 points.*
SIMA's new president urges government to announce new technology mission for cottonSundararaman, managing director of Coimbatore-based Shiva Texyarn Ltd, has been elected as the president of the Southern India Mills Association for 2023-24.There is an urgent need for the Center to announce a new technology mission for cotton with large scale funding. This has become necessary as more than 7 million farmers and 35 million people in the textile value chain are directly dependent on the availability of quality cotton at internationally competitive rates, said KS Sundararaman, newly elected president of the Southern India Mills Association (SIMA). ,Sundararaman, managing director of Coimbatore-based Shiva Texyarn Ltd, was elected president for 2023-24 at the 64th annual general meeting of the association held on Thursday.Durai Palanisamy, executive director of Pallava Textiles P Ltd, Erode, was elected vice-chairman and S Krishnakumar, managing director of Sulochana Cotton Spinning Mills P Ltd, Tiruppur, was elected vice-chairman, according to a release.India's average cotton productivity is only around 430 kg per hectare, while more than 20 cotton-producing countries achieve an average above 1,500 kg per hectare. Lauding the pilot project launched by the Agriculture Ministry with a budget outlay of ₹44.2 crore on the intervention of the Textiles Ministry, Sundararaman said there is an urgent need to import modern seed technology and adopt global best practices in agronomy. This will increase the income of farmers three times and the country will become a major player in the cotton textile industry.The Indian textile and clothing industry has been facing challenges in recent times mainly due to structural issues on the raw material front, tariff and non-tariff barriers, high cost of production and scale of operations, high transportation and capital costs and other external factors. Have to face. ,Notably, it is the second largest employment provider after agriculture, generating employment for over 110 million people, generating over ₹30,000 crore GST revenue and $44 billion foreign exchange earnings, the release said .The industry focused on cotton and its textile products, taking advantage of the abundant availability of domestic cotton, which was available at 5 percent to 10 percent less than the international cotton price.However, this profit has declined in recent years due to the dominance of multinational cotton traders, imposition of 11 per cent import duty and speculative trading on the MCX cotton futures platform. Man-made fiber (MMF) and yarn producers were protected by heavy anti-dumping duty of up to 23 per cent.He appreciated the initiative of the Center in removing anti-dumping duty on all raw materials, especially polyester staple fiber and viscose staple fiber—major MMF raw materials. However, the smooth supply of MMF and filaments has been stopped due to the new quality control orders as BIS has not considered most of the raw material suppliers in India, he said.The ban on imports under the Advance Authorization Scheme has created a stir. He said that MMF Value Chain has established its eponymous business based on certain commitments. They also have large export obligations under EPCG as they have made huge investments in imported machinery by availing duty free concession, the release said.
Telangana: Change in trend of Khammam cropChanging Crop Trends: Farmers in Khammam district have been altering their crop choices due to irregular rainfall and the increased demand for chili.Cotton Area Decrease: The cotton cultivation area has decreased as the prices offered for cotton in the previous year did not meet the farmers' expectations. Additionally, cotton is highly dependent on rainfall, which was not as expected during the sowing season.Cotton vs. Chili: The normal area for cotton cultivation in the district was around 2,28,011 acres. However, in the current year, it has reduced to 1,83,266 acres, while chili cultivation has increased to about 80,000 acres compared to the normal 57,000 acres.Chili Prices: The Teja variety of chili, in particular, fetched high prices of over Rs 25,000 per quintal in the previous season, making it an attractive choice for farmers.Paddy Cultivation Decrease: The area under paddy cultivation has also decreased this year, with 2,63,820 acres sown by September 20, compared to 2,82,387 acres the previous year.Overall Agricultural Area: The total cultivated area in the district has reduced this year, with 4,66,323 acres under cultivation by September 20, accounting for 86.33 percent of the normal cultivated area, which is typically 5,65,824 acres.
Telangana: Change in trend of Khammam cropChanging Crop Trends: Farmers in Khammam district have been altering their crop choices due to irregular rainfall and the increased demand for chili.Cotton Area Decrease: The cotton cultivation area has decreased as the prices offered for cotton in the previous year did not meet the farmers' expectations. Additionally, cotton is highly dependent on rainfall, which was not as expected during the sowing season.Cotton vs. Chili: The normal area for cotton cultivation in the district was around 2,28,011 acres. However, in the current year, it has reduced to 1,83,266 acres, while chili cultivation has increased to about 80,000 acres compared to the normal 57,000 acres.Chili Prices: The Teja variety of chili, in particular, fetched high prices of over Rs 25,000 per quintal in the previous season, making it an attractive choice for farmers.Paddy Cultivation Decrease: The area under paddy cultivation has also decreased this year, with 2,63,820 acres sown by September 20, compared to 2,82,387 acres the previous year.Overall Agricultural Area: The total cultivated area in the district has reduced this year, with 4,66,323 acres under cultivation by September 20, accounting for 86.33 percent of the normal cultivated area, which is typically 5,65,824 acres.
This evening, the rupee strengthened by 16 paise and closed at Rs 82.93 against the dollar.Stock market falls for the fourth consecutive day, Sensex falls by 221 pointsToday the stock market closed with a decline. Today Sensex fell by 221.09 points and closed at the level of 66009.15 points. Whereas Nifty closed at the level of 19674.30 points with a fall of 68.00 points.
This evening the rupee closed at Rs 83.09 against the dollar with a weakness of 2 paise.Heavy fall in Sensex again, closed down by 571 pointsToday the stock market closed with a decline. Today Sensex fell by about 570.60 points and closed at the level of 66230.24 points. Nifty fell by 159.10 points and closed at the level of 19742.30 points.
Pakistan: Strong stance on Cuban market.LAHORE: The local coin market remained stable and trading volume remained steady on Wednesday.Cotton valuable Naseem Usman said that the coin price in Sindh is Rs 17,500 to Rs 18,500 per maund. The rate of footy in Sindh is between Rs 7,800 to Rs 8,800 per Rs 40 lakh. The coin rate in Punjab is between Rs 19,000 to Rs 19,500 per maund and the footi rate in Punjab is between Rs 8,500 to Rs 9,000 per maund of Rs 40 lakh. The rate of Cuba in Balochistan ranges from Rs 18,500 to Rs 19,000 per maund while the rate of footi ranges between Rs 8,500 to Rs 9,500 per 40 maund.About 1800 intestines of Saleh Pat were released at the rate of Rs 18,600 per maund, 400 intestines of Ghotki were released at the rate of Rs 19,300 per maund, 2000 intestines of Hinad Pur were released at the rate of Rs 17,500 per maund and Rs 18,500 per maund. , Consortium of 1400 bowel studies. Rs 17,500 to Rs 18,200 per maund, Tando Adam was sold at Rs 1800 per maund, Rs 17,500 to Rs 18,500 per maund, Mirpur Khas was sold at Rs 800 per maund, Rs 18,200 per maund, Aronabad was sold at Rs 1200 per maund, Rs 19,300 per maund. Per maund, 2000 motorcycles of Sadiqabad, 600 motorcycles of Faqir Wali, 600 motorcycles of Chistan, 2000 motorcycles of Rahim Yar Khan, 800 motorcycles of Ahmedpur East at Rs 19,500 per maund, 800 motorcycles of Tonsa Sarfaraz at Rs 19,200 per maund. per maund, 600 maunds of Mian Wali at Rs 19,500 per maund, 1000 maunds of Lai at Rs 19,200 per maund, 200 maunds of Shujabad at Rs 19,600 per maund, 200 maunds of Gojra, 200 maunds per maund. 200 stories of Mongi Bungalow, 200 stories of Karo Lal, 200 stories of Bhakar at the rate of Rs 19,400 per maund, 400 intestines of per maund earned at the rate of Rs 19,200 per maund, 400 stories of Company Ghazi Khan at the rate of Rs 19,200 per maund. Graduated from.Hajj rate is at Rs 19,000 per head. The resort was available at Rs 383 per resort.
Rupee opens marginally lower at 83.09 against the US dollarThe Indian rupee opened 2 paise lower against the US dollar on Thursday amid a jump in US Treasury yields after the US Federal Reserve officials indicated that interest rates were likely to remain higher for longer. The local currency opened at 83.09 as compared to previous close of 83.07.Share market again opened with a bang Sensex falling by 296 pointsToday started with a decline in the stock market. Today, BSE Sensex opened with a fall of 296.11 points at the level of 66504.73 points. Whereas NSE's Nifty opened at the level of 19820.10 points with a fall of 81.30 points.
The rupee strengthened by 19 paise to close at Rs 83.08 against the dollar in the evening.Sensex, Nifty closed with heavy cutsThe Sensex closed down 796 points, or 1.18 percent, at 66,800.84, while the Nifty closed down 232 points, or 1.15 percent, below the 20,000 mark at 19,901.40.
Interpretation of USDA's Sep supply and demand report on cottonRecently, USDA has released Sep supply and demand report, which maintains a neutral to bullish outlook. For the monthly change, 2022/23 global cotton beginning stocks and ending stocks are forecast lower, while production and consumption are forecast higher. For 2023/24 season, beginning stocks, production, imports, consumption and exports are forecast lower, as well as ending stocks, which is bullish somewhat.1. USDA Sep supply and demand reportIn the USDA Sep report, the adjustments for the 2022/23 global cotton supply and demand were relatively small. The main changes were a reduction in beginning and ending stocks, with China and Turkey seeing a decrease of 110,000 tons and 190,000 tons in beginning stocks respectively. Correspondingly, the ending stocks were also adjusted downwards. Global cotton production was slightly increased, mainly contributed by Brazil with an additional 110,000 tons. The consumption was mainly adjusted upwards for China, adding 110,000 tons. With the decrease in beginning stocks, China's ending stocks reduced by 210,000 tons. As a result, the global ending stocks decreased by 210,000 tons to 20.29 million tons.As for the monthly adjustments in the global cotton supply and demand for the 2023/24 season, there were several notable changes. The global cotton production was further reduced by 380,000 tons, with the United States decreasing by 120,000 tons and India decreasing by 110,000 tons. However, Brazil increased its production by 110,000 tons. Global cotton imports were slightly reduced by 130,000 tons, with Vietnam's cotton imports lowered by 70,000 tons. The global consumption and export volumes were both adjusted downward by 230,000 tons and 130,000 tons respectively. India, Bangladesh, and Vietnam saw reductions in consumption, while the decrease in export volume mainly came from India. The cumulative adjustments to global ending stocks were lowered by 360,000 tons. With a reduction of 210,000 tons in beginning stocks, the net decrease in ending stocks amounted to 150,000 tons.2. U.S. cotton good-to-excellent ratio reaches a multi-year low, and worries over the production remainBefore the release of the USDA's adjustment to the US cotton production, there were various speculations in the market. Many believed that the significant downward revision in Aug had gone too far and expected a slight rebound or correction in Sep. However, considering the recent weather conditions and crop growth in the main cotton-producing regions of the US, it is not surprising to see a downward adjustment in production. Although there has been increased rainfall due to recent hurricanes, soil moisture conditions remain severe. Currently, the drought index has reached 185, which is 60 points higher compared to the same period last year. The drought index in Texas, in particular, has reached 306. Moreover, the good-to-excellent ratio of U.S. cotton crops also reaches a multi-year low. By the week ending Sep 17, good-to-excellent ratio of U.S. cotton crops was at 29%, 4% lower than the same period of last year.3. Brazilian cotton inventory pressure emerges and exports speed upThanks to favorable weather conditions, Brazilian cotton is expected to be a bumper year. The USDA has once again increased its estimate for the 2022/23 Brazilian cotton production by 110,000 tons. However, as planting was delayed last year, the harvest progress has been slower this year. Additionally, the exports have been delayed due to tight availability of shipping space caused by a large number of agricultural products being shipped together, leading to increased accumulation in warehouses and putting pressure on domestic storage capacity. As a result, the basis for cotton has been continuously weakening. With the arrival of new cotton on the market, domestic export sales in Brazil have picked up. As of the second week of Sep, cumulative cotton exports reached 63,500 tons, with a daily average export volume of 12,700 tons, an increase of 44.25% compared to the same period last year. It is expected that the export volume will increase by 120,000 tons in the new marketing year, which is reasonable.4. The shortfall of rainfall in India expands, and production and consumption is expected to be lowerAs of Sep 8, 2023, the total planting area for cotton in India reached 12.4995 million hectares, which was slightly lower than the same period of the previous season by 18,800 hectares, representing a decrease of 1.5%. As the rainfall deficit continues to widen, the expectation of a bumper harvest has gradually shifted to a reduction in production. Additionally, the effectiveness of new cotton varieties in controlling cotton bollworm has weakened, which has increased concerns about the production. While there has been some improvement in rainfall in certain regions of India recently, the two major cotton-producing states, Gujarat and Maharashtra, still face historically low levels of rainfall, significantly impacting the overall production. Furthermore, this year, the downstream textile sector in India has been sluggish, leading to reduced demand for cotton, and the adjustment of ending stocks has yet to be made in light of the decrease in production and consumption.5. ConclusionUSDA makes downward revisions in global production and consumption in its Sep report. Adverse weather conditions have caused a shift from abundant to reduced production in the northern hemisphere, raising concerns about supply tightness. As global consumption has yet to recover and expectations for a weak peak season are strong amid high cotton prices, downstream orders have remained weak and the disconnect between upstream and downstream has not been reversed. Although the production cuts provide some support to cotton prices based on the adjustment of the USDA balance sheet, the lack of improvement in consumption makes it difficult for cotton prices to continue rising. In the short term, ICE cotton futures may be in weak adjustment.CCFGroup
Pakistan: Mills raise hands on quality cottonLAHORE: The local cotton market remained stable on Tuesday and the trading volume was satisfactory.Cotton analyst Naseem Usman said that the cotton rate in Sindh is Rs 18,500 to Rs 19,000 per maund. The rate of footi in Sindh is between Rs 8,000 to Rs 9,000 per 40 kg. The rate of cotton in Punjab is between Rs 19,000 to Rs 19,500 per maund and the rate of cotton in Punjab is between Rs 8,000 to Rs 8,200 per 40 kg. The rate of cotton in Balochistan is between Rs 18,500 to Rs 19,000 per maund while the rate of cotton is between Rs 8,500 to Rs 9,500 per 40 kg.About 1,000 bales of Saleh Pat were sold at Rs 18,500 to Rs 18,700 per maund, 2000 bales of Khair Pur were sold at Rs 18,500 to Rs 18,700 per maund, 1400 bales of Tando Edam were sold at Rs 18,000 to Rs 18,500 per maund. Sold at rate. 1400 bales of Tando Edam were sold at Rs 18,000 to Rs 18,500 per maund, 1600 bales of Sanghar were sold at Rs 17,700 to Rs 18,500 per maund, 800 bales of Rohri were sold at Rs 18,500 per maund, Dera Ghazi. Khan's 600 bales at the rate of Rs 20,000 per maund, Bahawal Nagar's 200 bales, Rahim Yar Khan's 1200 bales, Chishtian's 400 bales, Yajman Mandi's 400 bales, Mian Wali's 600 bales, Harunabad's 2000 bales, Tonsa Sharif's 400 bales were sold at Rs 19,500 per maund, 1,000 bales of Bahawalpur were sold at Rs 19,200 to Rs 19,500 per maund, 2200 bales of Layya were sold at Rs 19,200 per maund, 600 bales of Rajanpur were sold at Rs 19,100. From were sold at the rate of Rs 19,500 per maund, 400 bales of Ahmed Pur East were sold at Rs 19,200 per maund, 200 bales of Vehari, 800 bales of Lodhran, 400 bales of Fort Abbas were sold at the rate of Rs 19,500 per maund.Spot rate remained unchanged at Rs 19,000 per maund. Polyester fiber was available at Rs 383 per kg.
Rupee rises 7 paise to open at 83.20 against the US dollarThe Indian rupee opened paise 7 higher against the US dollar on Wednesday amid a drop in American currency and pullback in crude oil prices. The local currency opened at 83.20 a dollar as compared to Monday's close of 83.27.Share market opened with a bang Sensex falling by 506 pointsToday started with a decline in the stock market. Today BSE Sensex opened at 67090.81 points with a fall of about 506.03 points. Whereas NSE's Nifty opened at the level of 19990.80 points with a fall of 142.50 points.
Pakistan: Cotton market: Strong trend amid modest trading activitiesLAHORE: The local cotton market remained stable on Monday with low trading volume.Cotton analyst Naseem Usman said that the cotton rate in Sindh is Rs 18,500 to Rs 19,000 per maund. The rate of footi in Sindh is between Rs 8,000 to Rs 9,000 per 40 kg. The rate of cotton in Punjab is between Rs 19,000 to Rs 19,500 per maund and the rate of cotton in Punjab is between Rs 8,000 to Rs 8,200 per 40 kg. The rate of cotton in Balochistan is between Rs 18,500 to Rs 19,000 per maund while the rate of cotton is between Rs 8,500 to Rs 9,500 per 40 kg.About 600 bales of Saleh Pat, 400 bales of Rasulabad were sold at Rs 18,700 per maund, 1000 bales of Tando Edam were sold at Rs 18,000 to Rs 18,500 per maund, 600 bales of Shahdad Pur were sold at the rate of Rs 18,300 to Rs 18,500 per maund. Maund, 400 bales of Tunsa Sharif were sold at Rs 19,200 per maund, 1800 bales of Laiya were sold at Rs 19,100 to Rs 19,500 per maund, 600 bales of Raj N Pur were sold at Rs 19,200 per maund, 200 bales of Donga Bonga, 200 bales of Mianwali were sold at Rs 19,500 per maund, 200 bales of Chichawatni were sold at Rs 19,400 per maund and 600 bales of Dera Ghazi Khan were sold at Rs 19,500 per maund.Pakistan Cotton Ginners Association has released the figures of cotton production in the country till September 15, according to which during this period, cotton production in the country was 39 lakh 34 thousand bales as compared to 17 lakh 47 thousand bales, which is about 80 percent more. Compared to the same period last year.Spot rate remained unchanged at Rs 19,000 per maund. Polyester fiber rate increased by Rs 5
Sensex closed with a huge fall of 242 pointsToday the stock market closed with a decline. Today the Sensex fell by about 241.79 points and closed at the level of 67596.84 points. Whereas Nifty closed at the level of 20133.30 points with a fall of 59.00 points.In the evening, the rupee closed at Rs 83.27 against the dollar with a weakness of 8 paise.
Pakistan Weekly Cotton Review: Spot rate rises amid whitefly challengeCotton prices remained stable last week. Spot rate increased by Rs 1,000 per maund. The deadly attack of white fly on the cotton crop is being described as worrying, as the crop is likely to be badly affected. Government officials and agricultural experts are actively working to combat the whitefly attack. Helicopters and drones are being used for spraying.Textile sector exports are seeing a decline while cotton production is expected to increase by 70%.There was a decrease in the arrival of cotton in the local cotton market last week. The arrival of cotton is also less because farmers are demanding higher prices for cotton. Another major reason is the attack of the dreaded whitefly on the cotton crop and relatively low crop yield due to high temperatures.Due to these reasons the price of cotton remained stable. Due to such reports, textile spinners are cautiously purchasing cotton.According to the information received from cotton producing areas, there is a strong attack of white fly on the cotton crop. Due to which, according to experts, cotton production will be less than estimated.It has been seen for many years that the month of September proves fatal for the cotton crop. This year too, the month of September is showing its cruelty and is having a bad effect on the crop.However, rain is expected next week and if weather conditions improve, the impact of whitefly attack will be partially reduced.Punjab's interim Chief Minister Mohsin Naqvi, interim provincial minister SM Tanveer, APTMA and other agriculture experts are actively working to protect the cotton crop from whitefly.Cotton rates in Sindh range between Rs 18,500 and Rs 19,000 per maund. The rate of footi is between Rs 8,000 to Rs 9,000 per 40 kg. Cotton rates in Punjab range between Rs 19,000 to Rs 19,500 per maund while cotton rates range between Rs 8,500 to Rs 9,300 per 40 kg. In Balochistan, cotton rate is between Rs 18,500 to Rs 18,800 per maund and cotton rate is between Rs 8,500 to Rs 9,300 per 40 kg. There is a bearish trend in the prices of cottonseed and oil.The Spot Rate Committee of Karachi Cotton Association increased the spot rate by Rs 1,000 per maund and closed it at Rs 19,000 per maund.Haq held the weather department responsible for the weather-related losses suffered by the agriculture sector over the past several years due to lack of timely and accurate forecasting.He says that due to global warming, meteorological departments around the world have been significantly upgraded in the last few years so that timely and accurate weather forecasting of the rapidly changing climate can protect crops and the environment from maximum adverse effects. But in Pakistan, he lamented, the department's equipment was not upgraded and instead it was transformed into a climate change ministry, which could not have any positive impact on Pakistan's agriculture.The federal and provincial governments had declared 2023-24 as the Cotton Year and their efforts were expected to lead to a record production of 10 million bales of cotton this year.According to reports, the weather is becoming mild and it is raining in many areas. It is expected that it will prove beneficial in controlling white fly attack.Meanwhile, the cotton production figure till September 15 is expected to be around 3.8 million bales, which is around 1.6 million bales higher than the production of 2.2 million bales in the same period last year.Copyright Business Recorder, 2023
Rain, winds dash Muktsar cotton farmers’ hopesThe rain accompanied by speedy winds on Friday caused a massive loss to a large number of cotton growers in the region. Cotton plants, which were standing nearly eight feet tall, have fallen flat on the soil.The farmers are claiming that it will cause them a massive loss. “We were expecting a bumper crop of 17 qtl per acre and the plants were also standing tall. However, the rain yesterday dashed our hopes. We have already spent nearly Rs 30,000 on per acre of cotton crop, including the expenses on seed, pesticides, labour, diesel, etc. The state government should help us in this hour of need,” said farmer Gurdeep Singh of Daula village in Gidderbaha block of Muktsar district, who has sown cotton crop on seven acres.He added, “A cotton plant is sensitive and it can’t stand again with sunshine. Just a few farmers had done the first picking of the crop. The cotton crop is usually picked in three rounds, which lasts till mid-November.”Gurdeep further said the situation was almost similar in neighbouring Balluana village of Bathinda district. Meanwhile, similar reports were coming from Abohar area in Fazilka district.Gaurav Kumar, a commission agent from Abohar, said, “A number of farmers were yet to start cotton picking. The rain at this stage has caused massive loss to them.”Meanwhile, Gurpreet Singh, Chief Agriculture Officer, Muktsar, said, “The cotton crop got damaged in some parts of the district due to yesterday’s rain and wind. Farmers from Malout and Gidderbaha subdivisions have informed us about the losses. However, the situation is normal in Muktsar subdivision. Earlier, we were worried that the cotton crop was drying due to hot weather. Even the canal closure had created a problem for the cotton growers.”He added, “The rain has, however, given some respite to the paddy growers, especially those who had sown its late varieties.”Meanwhile, some farmers claimed that the growing sugarcane crop too had got damaged in some parts of the district.Some kinnow growers from Abohar in Fazilka district said yesterday’s rain and wind may impact the quality of the fruit as well.Tribune News Service
| title | Created At | Action |
|---|---|---|
| Rupee fell 4 paise to 83.19 against US dollar | 26-09-2023 10:32:46 | view |
| India's monsoon starts delayed retreat | 25-09-2023 17:50:37 | view |
| In the evening, the rupee closed at Rs 83.15 with a weakness of 22 paise against the dollar. | 25-09-2023 16:47:59 | view |
| Cotton production next season expected to be about 330 lakh bales, says cotton federation | 25-09-2023 10:37:32 | view |
| Rupee falls 11 paise to open at 83.04 against the US dollar | 25-09-2023 09:15:46 | view |
| SIMA's new president urges government to announce new technology mission for cotton | 23-09-2023 14:31:13 | view |
| Telangana Change in trend of Khammam crop | 23-09-2023 10:42:47 | view |
| Telangana: Change in trend of Khammam crop | 23-09-2023 10:42:00 | view |
| This evening, the rupee strengthened by 16 paise and closed at Rs 82.93 against the dollar. | 22-09-2023 16:51:09 | view |
| This evening the rupee closed at Rs 83.09 against the dollar with a weakness of 2 paise. | 21-09-2023 16:25:35 | view |
| Pakistan: Strong stance on Cuban market. | 21-09-2023 11:02:35 | view |
| Rupee opens marginally lower at 83.09 against the US dollar | 21-09-2023 09:15:28 | view |
| The rupee strengthened by 19 paise to close at Rs 83.08 against the dollar in the evening. | 20-09-2023 16:35:24 | view |
| Interpretation of USDA's Sep supply and demand report on cotton | 20-09-2023 11:46:12 | view |
| Pakistan: Mills raise hands on quality cotton | 20-09-2023 10:59:55 | view |
| Rupee rises 7 paise to open at 83.20 against the US dollar | 20-09-2023 09:28:05 | view |
| Pakistan: Cotton market: Strong trend amid modest trading activities | 19-09-2023 11:21:41 | view |
| Sensex closed with a huge fall of 242 points | 18-09-2023 16:25:10 | view |
| Pakistan Weekly Cotton Review: Spot rate rises amid whitefly challenge | 18-09-2023 11:19:32 | view |
| Rain, winds dash Muktsar cotton farmers’ hopes | 18-09-2023 11:09:20 | view |
