Indian Rupee ends at 86.71 per dollar, down 16 rupees.The Indian rupee closed at 86.71 per dollar, lower 16 paise, after opening at 86.55 on Friday morning.The Sensex was down 424.90 points or 0.56 percent at 75,311.06, and the Nifty was down 117.25 points or 0.51 percent at 22,795.90. About 1625 shares advanced, 2169 shares declined, and 111 shares unchanged.read more :-Farmers advised to start early cotton sowing
Farmers are encouraged to begin planting cotton early.FAISALABAD - The agriculture experts have advised the farmers to commence early sowing of cotton crops by availing special incentives package announced by the government for cultivation of cotton on five acres or more land.A spokesman for Agriculture (Extension) Department said that Chief Minister (CM) Punjab Maryam Nawaz introduced a special package to encourage early cotton cultivation. Under this program, the farmers would receive Rs.25,000 if they cultivated cotton on five acres of their land. This amount would be transferred directly into their accounts via CM Punjab Kisan Card, he added. He said that the agriculture department also issued comprehensive recommendations for early cotton sowing and balanced application of fertilizers and other agrochemicals so that the growers could get maximum yield with minimum input cost.He said that the span from February 15 to March 31 is considered most suitable for early cotton cultivation due to temperature conditions. Hence, the farmers are advised to start early sowing of cotton crops immediately and complete it timely for getting bumper production. He said that growers should use seed of only approved and certified triple-gene cotton varieties otherwise they may have to face financial loss due to application of glyphosate which can kill non-triple-gene plants. He said that 2.5 feet space between the rows and 1.5 to 2 feet space between the plants are imperative for proper plant growth. The growers should also use 4 to 6 kilograms seed per acre if they want to get 50 to 60 maunds production, he added.About use of agrochemicals, he said that fertilizers play a pivotal role in increasing soil fertility if it were used proportionately because excessive use can cause destruction to the crop, he added. He advised that the farmers should apply 2 bags of DAP, 4.25 bags of Urea and 1.5 bag of SOP or 1.25 bag of MOP per acre for weak soil. In medium soil, the suggested fertilizer ratio is 1.75 bag of DAP, 3.75 bags of Urea and 1.5 bag of SOP or 1.25 bag of MOP per acre whereas for fertile soil, the advised quantity included 1.5 bag of DAP, 3.25 bags of Urea and 1.5 bag of SOP or 1.25 bag of MOP per acre, he added. He said that all phosphorus and potassium-based fertilizers along with one-fourth of the nitrogen fertilizer should be applied during land preparation while the remaining nitrogen fertilizer should be added in 4 to 5 installments throughout the growth period.He also advised the growers to use organic manure and green manure along with chemical fertilizers to improve soil fertility and maximize crop production. He also urged farmers to take advantage of the early sowing period and prioritize cotton cultivation on maximum space of their land after harvesting canola, mustard and sugarcane crops. The growers could obtain better yield and maximum profits by enhancing production of their crops if they truly acted upon recommendations and suggestions of the agriculture experts, he added.read more :-Rupee opens 10 paise higher at 86.55 against US dollar
Against the US dollar, the rupee opens 10 paise higher at 86.55.The Indian rupee opened 10 paise higher at 86.55 per dollar on Friday, while it closed at 86.66 on Thursday.read more :-Indian rupee ended 19 paise higher at 86.66 per dollar on Thursday versus morning 's open of 86.85.
On Thursday, the Indian rupee closed 19 paise higher at 86.66 to the dollar than it had opened at 86.85 in the morning.At close, the Sensex was down 203.22 points or 0.27 percent at 75,735.96, and the Nifty was down 19.75 points or 0.09 percent at 22,913.15. About 2570 shares advanced, 1223 shares declined, and 109 shares unchanged.read more :- BTMA urges Bangladesh government to stop Indian yarn imports through land ports
The government of Bangladesh is urged by BTMA to prohibit the importation of Indian yarn via land ports.The Bangladesh Textile Mills Association (BTMA) recently requested the government to stop yarn imports from India through land ports as the domestic yarn sector is struggling to survive due to smuggling through these routes.Imports from India may continue through seaports, as they are equipped with adequate testing facilities and there is little scope of yarn being smuggled, BTMA president Showkat Aziz Russell told a press conference. But the land ports are ill-equipped to curb smuggling, he noted.Yarn imports from India are allowed through sea ports and four land ports: Benapole, Sonamsjid, Bhomra and Banglabandha.Though yarn imports through these ports were allowed in January 2023 to meet the sudden surge in demand following the pandemic, domestic media outlets reported that the huge volume of imports has become a threat to the domestic spinning sector.India accounted for over 95 per cent of those imports due to the price factor.For instance, traders open letters of credit (LCs) to import two tonnes of yarn but eventually import 10 tonnes through five trucks taking advantage of weak monitoring at land ports, the BTMA president said.In addition to this, challenges such as a loss of working capital due to the depreciation of the local currency against the US dollar, inadequate gas supplies, and lower investment inflow due to political uncertainty have plunged the domestic yarn sector into crisis.When millers had made a similar request in the past, former finance minister M Saifur Rahman had stopped the import of yarn through land ports. But this government has not responded to such a request, he observed.Many yarn mills are running at half their capacity, while some have fully closed due to the gas and US dollar crisis, he said, adding that as imports of yarn from India continue to grow over the next three to four months, Bangladesh stands to lose more jobs and value addition.Russell also demanded that the government include representatives from BTMA, the Bangladesh Garment Manufacturers and Exporters Association and the Bangladesh Knitwear Manufacturers and Exporters Association on the board of directors of the state-owned gas transmission and distribution company Titas and Bangladesh Petroleum Corporation.This would ensure that unwanted decisions by the government do not affect the country's economic lifeline, i.e., the textile and garment sectors, he added.read more :-Indian rupee open 9 paise up at 86.85 against the US dollar
In relation to the US dollar, the Indian rupee opened 9 paise higher at 86.85.The local currency opened at 86.85 against the US dollar, as compared to 86.94 at previous close against the greenback. read more :- Cotton apparel exports for India, Vietnam increase as US, EU increase orders
India and Vietnam ship more cotton clothing as US and EU orders rise.In 2024, retailers in the United States and the European Union (EU) placed more orders for cotton clothing from Vietnam rather than Bangladesh and China. India also benefited during this time, growing by 20 per cent year over year from April to December of the current fiscal year.Last year, China’s market share in the US fell from 21.8 per cent to 20.8 per cent, a 1 per cent decrease from 2022. In the US, a one per cent market share is equivalent to over US $ 794 million (Rs. 6,900 crore) in sales, according to Prabhu Dhamodharan, Convenor of the Indian Texpreneurs Federation (ITF).Each competing country gained between 0.2 per cent and 0.6 per cent from this China Plus One move, which divided China’s lost share across other nations. According to him, India’s market share increased by 0.2 per cent, reaching 5.9 per cent at present.Data issued by the Ministry of Commerce & Industry indicates that exports of cotton yarn, textiles, made-ups, and handloom items from India increased by 11.98 per cent in December 2024 compared to December 2023, according to the Cotton Textiles Export Promotion Council (Texprocil).Indian cotton yarn, fabrics, makeup, and handloom goods saw a 2.82 per cent increase between April and December 2024. Over the first nine months of the current fiscal year, the apparel industry grew by 11.5 per cent.According to Dhamodharan, the US Government has imposed new tariffs on small packages coming from China. E-platform businesses will face difficulties as a result, which will reduce the competitiveness of small-parcel exports from China.He added that India is seeing a spike in enquiries and that apparel exporters are seeing an improvement in order visibility from the US, which will “open up big opportunities for India to bet on e-commerce fashion exports.”He said that Indian apparel exporters are seeing an increase in enquiries and improved order visibility as a result of brands launching new product categories that were not previously produced in India.However, Vietnam has started purchasing more cotton from the US than India. “Indian cotton costs more than those in the United States. Vietnam also purchases from West Africa and Brazil”, according to an insider.Vietnam is not purchasing since the price of the Intercontinental Exchange (ICE) is between 66 and 68 US cents per pound. Another industry expert added that limited amounts of yarn had been imported into India, but that it too does not apply customs duties.The current price of cotton benchmark futures is 67.4 US cents a pound, or US $ 534 (Rs. 46,375) a candy of 356 kg. Benchmark cotton Shankar-6 is sold in India for US $ 616.55 (Rs. 53,550) per candy.read more :-Sensex, Nifty End Lower Market Shows Mixed Advance-Decline Trend
The lower market of the Sensex and Nifty End has a mixed advance-decline trend.At close, the Sensex was down 28.21 points or 0.04 percent at 75,939.18, and the Nifty was down 12.40 points or 0.05 percent at 22,932.90. About 2724 shares advanced, 1079 shares declined, and 107 shares unchanged.read more :-Cotton Prices Rise as CCI Plans to Buy Over 100 Lakh Bales at MSP
As CCI prepares to purchase more than 100 lakh bales at MSP, cotton prices rise. Cottoncandy prices increased by 0.41% to settle at ₹54,370, supported by expectations of significant procurement by the Cotton Corporation of India (CCI), which is likely to buy over 100 lakh bales at the Minimum Support Price (MSP) this season. The Cotton Association of India (CAI) estimates a decline in India’s cotton output for the 2024-25 season to 301.75 lakh bales from 327.45 lakh bales in 2023-24 due to lower yields in Gujarat, Punjab, and Haryana. Despite the lower output, the quality of cotton remains strong. As of January 2025, total cotton supply is projected at 234.26 lakh bales, including 188.07 lakh bales from fresh pressings, 16 lakh bales from imports, and 30.19 lakh bales as opening stock. India's domestic consumption is retained at 315 lakh bales, while exports are projected to decline to 17 lakh bales from 28.36 lakh bales in 2023-24. Brazil's cotton production for 2024-25 is expected to rise by 1.6% to 3.76 million tons, with a 4.8% increase in the planting area, reflecting strong supply. The U.S. balance sheet shows minor changes, with domestic mill use reduced by 100,000 bales, while global cotton consumption sees marginal increases, driven by higher demand in Bangladesh, Pakistan, and Vietnam. Technically, the market is witnessing short covering, with open interest dropping by 1.94% to 253 contracts. Cottoncandy finds support at ₹54,260, with a break below potentially testing ₹54,160. On the upside, resistance is seen at ₹54,480, and a move above this level could push prices toward ₹54,600.read more :-India's T&A exports overtook total merchandise shipments in January
In January, India's T&A exports surpassed all goods shipments.India's textile and apparel (T&A) exports outpaced total goods exports during January 2025. The country's T&A exports jumped 13.88 per cent to $3.402 billion, against total goods exports of $36.425 billion in the month. The exports of all goods eased by 2.41 per cent to $36.425 billion in the same month. Textile and apparel exports gained 8.30 percent, reaching $29.997 billion in the first ten months of the current fiscal 2024-25 (April-March), while the outbound shipment of all goods inched up by 1.39 per cent in the same period.Apparel exports, in particular, surged by 11.45 per cent to $1.606 billion in January. Textile exports also jumped by 16.14 per cent to $1.796 billion in the same month. This impressive growth in textile and apparel exports was probably helped by the continued weakness of the Indian rupee against the US dollar, benefitting Indian exporters in the global market.Textile exports grew by 8.30 per cent to $17.075 billion in the first ten months of FY25, compared to $16.114 billion in the same period of the previous year. Apparel exports rose by 11.56 per cent, reaching $12.922 billion, up from $11.583 billion in the corresponding period last fiscal. The share of T&A in India’s total merchandise exports increased to 8.36 per cent during April 2024-January 2025 and to 9.34 per cent in the latest reported month, according to the Ministry of Commerce and Trade.Within the textile sector, exports of cotton yarn, fabrics, made-ups, and handloom products increased modestly by 4.10 per cent, reaching $9.954 billion in the first ten months of this fiscal. Exports of man-made yarn, fabrics, and made-ups rose by 5.99 per cent to $4.036 billion, while carpet exports saw a significant increase of 11.47 per cent to $1,285.08 million.In January 2025, T&A exports totalled $3.402 billion. Textile exports rose by 16.14 per cent, reaching $1.796 billion, up from $1.546 billion in January 2024. Garment shipments grew by 11.45 per cent, totalling $1.606 billion, compared to $1.441 billion in January 2024. Under textiles, the export of cotton yarn, fabrics, made-ups, and handloom products grew by 16.41 per cent to $1,038.55 million, while man-made yarn, fabrics, and made-ups exports surged by 12.14 per cent to $425.82 million. Carpet exports also increased by 18.04 per cent to $135.58 million.Imports of raw cotton and waste climbed by 100.69 per cent to $1,040.41 million in April-January 2025, compared to $518.43 million in the same period of the last fiscal. Imports of textile yarn, fabrics, and made-ups increased by 7.74 per cent, rising from $2,081.22 million to $1,931.67 million. During January 2025, the import of raw cotton and waste surged by an astonishing 520.83 per cent, from $19.62 million to $121.72 million. Similarly, imports of textile yarn, fabrics, and made-ups rose by 28.83 per cent to $237.86 million in the latest month.In FY24, India’s textile and apparel exports amounted to $34.430 billion, a 3.24 per cent decline from $35.581 billion in FY23. Apparel exports dropped by 10.25 per cent, falling to $14.532 billion from $16.190 billion. Conversely, textile exports grew by 2.62 per cent, reaching $19.898 billion from $19.390 billion in FY23.India’s imports of raw cotton and waste were valued at $598.63 million in FY24, a 58.39 per cent decrease from $1,439.70 million in the previous fiscal. Imports of textile yarn, fabrics, and made-ups also declined by 12.98 per cent to $2,277.85 million, compared to $2,617.74 million in FY23.read more :-Indian rupee ended 2 paise lower at 86.94 per dollar on morning opening of 86.92.
After beginning at 86.92 per dollar in the morning, the Indian rupee closed the day 2 paise down at 86.94.At close, the Sensex was down 29.47 points or 0.04 percent at 75,967.39, and the Nifty was down 14.20 points or 0.06 percent at 22,945.30. About 993 shares advanced, 2804 shares declined, and 101 shares unchanged.read more :-Indian rupee opened lower at 86.92 per dollar on Tuesday versus Monday's close of 86.87.
Tuesday saw the Indian rupee start at 86.92 per dollar, down from Monday's closing of 86.87.Benchmark indices are trading firm in the pre-opening session.The Sensex was up 72.73 points or 0.10 percent at 76,069.59, and the Nifty was up 15.95 points or 0.07 percent at 22,975.45.Read More :- EU & India launch 7 projects to boost textile & handicraft sector
India and the EU start seven projects to grow the textile and handicraft industries.Seven new projects were launched by the European Union (EU) and the Indian Ministry of Textiles to strengthen India's textile and handicraft industry on the sidelines of the ongoing Bharat Tex. Funded by the EU with a €9.5 million (~₹85.5 crore or ~$9.97 million) grant, these initiatives aim to foster inclusive growth, resource efficiency, and sustainability across the entire value chain in the Indian textile sector.The seven projects will be implemented across nine Indian states—Assam, Andhra Pradesh, Telangana, Uttarakhand, Uttar Pradesh, Odisha, Jharkhand, Bihar, and Haryana—benefitting 35,000 direct beneficiaries, including 15,000 MSMEs, 5,000 artisans, and 15,000 farmer-producers, over the next three to five years.These initiatives will focus on a range of products such as the production and promotion of natural dyes, bamboo crafts, handlooms, shawls, and traditional handicrafts and textiles, with the aim of enhancing production, branding, and market access.The projects will be implemented by Humana People to People India, Deutsche Welthungerhilfe EV, Stiftelsen Världsnaturfonden WWF, Professional Assistance for Development Action, Network for Enterprise Enhancement and Development Support, Foundation for MSME Clusters, and Intellecap Advisory Services Pvt Ltd.This project builds on the EU's ongoing collaboration with India on sustainability and the circular economy, aligning with the ‘Sustainable Bharat Mission for Textiles’ by the Ministry of Textiles. The funding, part of the EU's Global Gateway Strategy, complements the ongoing EU-India Resource Efficiency and Circular Economy Initiative, co-funded by the German Federal Ministry (BMUV). This initiative is being executed jointly with the Ministry of Environment, Forest, and Climate Change, Government of India, and implemented by GIZ.The projects have been designed to preserve India's cultural heritage in textiles while promoting economic self-sufficiency through enhanced innovation, competitiveness, and market linkages.The Textiles Toolkit, developed in collaboration with GIZ, was also launched to promote circular economy and resource efficiency in the sector.Speaking on the occasion of the launch, the Minister Counsellor and Head of Cooperation of the EU Delegation to India, Franck Viault said, “While fast fashion dominates global trends, both the EU and India have been making serious effort to make the textile industry more sustainable. India's rich textile heritage is internationally acclaimed, particularly in Europe. By merging tradition with innovation and technology, India's textile sector can leapfrog into a sustainable future. As a key partner, the EU is committed to supporting India's circular economy agenda, sharing best practices, and promoting environmentally sustainable practices in this vital sector.”read more :-The Indian rupee on Monday low 18 paise to close at 86.87 per dollar, while it opened at 86.69 in the morning.
After opening at 86.69 in the morning, the Indian rupee fell 18 paise to settle at 86.87 to the dollar on Monday.At close, the Sensex was up 57.65 points or 0.08 percent at 75,996.86, and the Nifty was up 30.25 points or 0.13 percent at 22,959.50. About 1286 shares advanced, 2625 shares declined, and 135 shares unchanged.read more :-Target for early cotton sowing reviewed
Review of the early cotton sowing targetPunjab Agriculture Secretary Iftikhar Ali Sahu chaired a high-level meeting in Multan to review the strategy for early cotton sowing.He stated that achieving the cotton cultivation target was a challenging task, with six divisions in Punjab identified as suitable for early sowing. The province has set a target of 1 million acres for early cotton sowing, scheduled between February 15 and March 31. To support farmers, the government has announced a financial assistance package of Rs. 25,000 per acre. Sahu instructed officials to remain active in the field and ensure effective implementation of the plan, highlighting that early cotton sowing has yielded better results amid climate changes.To ensure success, divisional, district, and tehsil-level cotton management committees have been formed, while strict monitoring is in place to guarantee the availability of quality agricultural inputs in markets.he meeting was attended by Special Secretary Agriculture South Punjab Sarfaraz Hussain Magasi, Additional Secretary Agriculture Task Force Punjab Rana Shabbir Ahmed Khan, Vice Chancellor Prof.Dr. Ishtiaq Ahmed Rajwana, Director Generals of Agriculture Abdul Hameed, Naveed Asmat Kahloon, Dr. Amir Rasool, Dr. Sajid Ur Rehman, Abdul Qayyum, consultant Dr. Muhammad Anjum Ali, Dr. Asif Ali, Pakistan Kissan Ittehad President Khalid Khokhar, and Dr. Muhammad Iqbal Bandesha, along with other officials and stakeholders.Later, the Secretary Agriculture Punjab visited the under-construction Model Agriculture Mall in Multan to inspect its progress. Expressing satisfaction with the pace of work, he stressed that construction must strictly follow the approved design. He directed the Buildings Department to ensure its timely completion. Officials briefed him that 80% of the project has been completed. Sahu stated that the area surrounding the mall will serve as a practical model of modern agricultural technology.read more :-Take up issue of resumption of cotton procurement with Centre: Maha CM
Discuss with the Center: Maha CM the matter of resuming cotton procurement.Jalgaon, Feb 16 (UNI) Maharashtra Chief Minister Devendra Fadnavis assured on Sunday that he will hold talks with the central minister to resume procurement of cotton from farmers in the district, which was stopped by the Cotton Corporation of India Limited (CCI).Speaking at the farmers' meeting organised on occasion of the Amrit Mahotsav (75 years) of The Shendurni Secondary Cooperative Society, the Amrit Granth publication and the foundation laying ceremony of the new building here, he said that the state government will ensure that the produce of farmers does not remain at home under any circumstances.The state government will provide all necessary cooperation to change the picture of this area, he asserted.The Chief Minister expressed that the state government has accorded priority to solve the problems of farmers such as electricity and water.Farmers who have paid for solar pumps will be given connections within next 15 days and every farmer will be given connections within two months, he assured.The work of solar feeders is going on rapidly to provide daytime electricity to farmers by 2026, he added.Fadnavis inaugurated the sewage project and road work under the Urban Upliftment Scheme of Shendurni Nagar Panchayat.read more :-The Indian rupee on Monday increase 14 paise to open at 86.69 per dollar, while it closed at 86.83 in the friday.
| title | Created At | Action |
|---|---|---|
| Indian Rupee lower 16 Paisa, Ends at 86.71 per Dollar | 21-02-2025 22:51:22 | view |
| Farmers advised to start early cotton sowing | 21-02-2025 18:35:27 | view |
| Rupee opens 10 paise higher at 86.55 against US dollar | 21-02-2025 17:37:55 | view |
| Indian rupee ended 19 paise higher at 86.66 per dollar on Thursday versus morning 's open of 86.85. | 20-02-2025 22:48:32 | view |
| BTMA urges Bangladesh government to stop Indian yarn imports through land ports | 20-02-2025 19:34:13 | view |
| Indian rupee open 9 paise up at 86.85 against the US dollar | 20-02-2025 17:26:51 | view |
| Cotton apparel exports for India, Vietnam increase as US, EU increase orders | 20-02-2025 01:21:00 | view |
| Sensex, Nifty End Lower Market Shows Mixed Advance-Decline Trend | 19-02-2025 22:50:34 | view |
| Cotton Prices Rise as CCI Plans to Buy Over 100 Lakh Bales at MSP | 19-02-2025 21:43:47 | view |
| India's T&A exports overtook total merchandise shipments in January | 19-02-2025 00:55:53 | view |
| Indian rupee ended 2 paise lower at 86.94 per dollar on morning opening of 86.92. | 18-02-2025 22:50:04 | view |
| Indian rupee opened lower at 86.92 per dollar on Tuesday versus Monday's close of 86.87. | 18-02-2025 17:40:03 | view |
| EU & India launch 7 projects to boost textile & handicraft sector | 18-02-2025 00:48:35 | view |
| The Indian rupee on Monday low 18 paise to close at 86.87 per dollar, while it opened at 86.69 in the morning. | 17-02-2025 22:49:20 | view |
| Target for early cotton sowing reviewed | 17-02-2025 19:03:33 | view |
| Take up issue of resumption of cotton procurement with Centre: Maha CM | 17-02-2025 18:42:12 | view |
