The rupee declined by 21 paise to close at Rs 76.69 against thedollar this evening.Today the stock market closed with a fall.Today, where the Sensex closed at a level of 56579.89, down 617.26 points. On the other hand, Nifty closed at the level of 16954.00 points down by 218.00 points
The US Department of Agriculture (USDA) has estimated the cotton production in Bangladesh as 1,55,000 bales in year 2022-23 which is an increase of 2.6% , than in year 2021-22.Harvested area of cotton is calculated as 46,000 hectares for the current year which is a rise of 2.2% than year 2021-22.In cotton year 2021, Bangladesh readymade garment (RMG) came up as the second largest exporter with a record of $35.81 billion.USDA also estimates the import of cotton for the year 2022-23, as 8.9 million bales, which is up by 7.2% over the year 2021-22, consequently because of high demands of yarn and fabrics at RMG industry.
*Rupee depreciates against dollar, loses 12 paise*Rupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 12 paise at Rs 76.60 against the dollar. At the same time, on Friday, the rupee closed at Rs 76.48 with a weakness of 34 paise against the dollar.*Sensex collapses as soon as it opens, registers a fall of 754 points*Today the stock market opened with a fall. Today the BSE Sensex fell by 754.04 points and opened at the level of 56443.11 points. On the other hand, the Nifty of NSE opened with a decline of 230.80 points at the level of 16941.20 points.
*All India Weather Forecast for April 25, 2022**Countrywide weather systemsThe Western Disturbance is over North Pakistan and adjoining Jammu and Kashmir.An Induced Cyclonic Circulation lies over Central Pakistan.A Cyclonic Circulation is persisting over Southeast Madhya Pradesh and adjoining parts of Chhattisgarh.Another Cyclonic Circulation is persisting over Sri Lanka and adjoining areas.A Low Pressure Line is passing from South Chhattisgarh to Interior Karnataka across Telangana and Marathwada.*Weather movement across the country during the last 24 hours*During the last 24 hours, Assam, Arunachal Pradesh, Tamil Nadu and Goa experienced light to moderate rain with isolated heavy falls at a few places.Light to moderate rain occurred over Kerala, Madhya Maharashtra, parts of Marathwada, Sikkim and rest of Northeast India.Light rain occurred in one or two parts of Jammu and Kashmir and Telangana, Vidarbha, Chhattisgarh and Coastal Karnataka.Heat wave conditions are prevailing in isolated parts of Saurashtra and Kutch and heat wave conditions are prevailing in some parts of Gujarat region.*Weather activity likely during next 24 hours*During the next 24 hours, light to moderate rain at isolated places is likely over Arunachal Pradesh, eastern parts of Assam and Kerala and Tamil Nadu.Light to moderate rain is possible over rest of Northeast India, Sikkim and Coastal Karnataka.Scattered light rain may occur over Madhya Maharashtra, Marathwada, Goa, Jammu and Kashmir and Himachal Pradesh.Heat wave conditions may occur over Gujarat, Uttar Pradesh, Madhya Pradesh, parts of Madhya Maharashtra and one or two parts of Bihar, Jharkhand, Odisha, Gangetic West Bengal, Rajasthan and South Haryana.
Cotton production in Gujarat drops from 1.18 crores bales in 2017-18 to 90 lakh bales in 2020-21.Cotton sowing area decreased from 26.42 lakh hectare in 2017-18 to 22.50 lakh hectare in 2021-22.Gujarat Trade Association secretary Mr. Ajay Dalal says we expect an increase in sowing the crop for next year.Due to the lower demand in spinning mills cotton rate drops slightly in Maharashtra.
There was a slight decline in physical cotton in the North Zone. There was a slight decline in the Central Zone, prices fell in Gujarat and Madhya Pradesh, stability was seen in Maharashtra. There was no movement in cotton prices in South Zone, market remained stable. The rupee declined by 34 paise to close at Rs 76.48 against the dollar this evening. Malaysia Palm Oil rose on Friday, rising by 61 ringgit and reaching 6869 ringgit. The ban on Indonesia's edible oil exports led to a jump in the prices of edible oils.
The rupee declined by 34 paise to close at Rs 76.48 against the dollar this evening.Sensex closed down by breaking 714 pointsToday the stock market closed with a fall. Today, where the Sensex fell by about 714.53 points, closed at the level of 57197.15 points. On the other hand, Nifty closed at the level of 17172.00 points with a fall of 220.60 points.
Major points stated by Atul S Ganatra , president of CAI-In the upcoming season, the sowing area will increase up to 15-20% in India. As the crop has sown early, it will be harvested sooner which can possibly lower the cotton rates.Modern farmers are now aware of exchanges and trading concepts. Holds 15% of stock, to sell later.Due to decrease in May NYCE , cotton prices might drop down but MCX no more seems to get affected with fluctuations in NYCEMCX has approximately stocked 1 lakh bales whereas top 6 MNCs has 60 lakh bales. All of them coordinates with each other while selling and buying of bales and controls the market rates.USA has increased the sowing area for the crop up to 20-25%.The demand of removal of import duty on spinning mills is finally addressed by the government post two months, nevertheless CAI expresses gratitude.Spinning mill lobby urges government to impose a limit on stock of cotton.The coming half year seems extremely difficult for spinners.Tamil Nadu power loom people are expected to go on a strike so as to decrease the rates of yarn.Cotton yield is big concern in India as we own the largest area for the cultivation, still lag behind in average production. If we reach the average yield of world, our production can soar up to 40%.CAI urges the government to bring revolutionary changes in seed technology.Mill owners are disappointed by MNCs, alleged the latter of taking over all the profit earned.Many of the mills in Andhra Pradesh and Tamil Nadu have diverted towards Polyester and viscose. Some mills have sold their reserved stock at market rates and earned a handsome profit followed by ceasing the production, which directly indicates the lower consumption of cotton.Cotton trade has become more risky than before due to the new trading trends.
*Sensex collapses as soon as it opens, registers a fall of 588 points*Today the stock market opened with a fall. Today the BSE Sensex fell by about 587.79 points and opened at 57323.89 points. On the other hand, the Nifty of NSE opened with a decline of 176.30 points at the level of 17216.30 points.*Rupee depreciates against dollar, loses 16 paise*Rupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 16 paise at Rs 76.31 against the dollar. At the same time, on Thursday, the rupee closed at Rs 76.15 with a loss of 6 paise against the dollar.
All India Weather Forecast for April 22, 2022Countrywide weather systemsA Western Disturbance is persisting over Ladakh and adjoining areas, which is moving in an easterly direction.Another Western Disturbance is over eastern part of Afghanistan.A Cyclonic Circulation is persisting over Eastern parts of Uttar Pradesh.A trough is extending from the cyclonic circulation over Uttar Pradesh to Meghalaya across Bihar, West Bengal and Bangladesh.Another trough is extending from Chhattisgarh to South Interior Karnataka of Telangana.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain occurred at isolated places over Gilgit-Baltistan, Muzaffarabad and upstate Jammu and Kashmir.Light to moderate rain occurred at isolated places over Assam, Manipur, Mizoram, Tripura and Nagaland, Sub-Himalayan West Bengal and Sikkim.Dust storm accompanied by isolated light rain lashed parts of Haryana and Rajasthan.Light rain occurred over parts of Gujarat, Madhya Maharashtra, Konkan and Goa and parts of Sub-Himalayan West Bengal, Odisha, Kerala, Lakshadweep and Andaman and Nicobar Islands.Heat wave conditions are prevailing in parts of Himachal Pradesh, Haryana, Delhi, Madhya Pradesh and West Jharkhand.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain with heavy to very heavy falls very likely over Sub-Himalayan West Bengal, Sikkim and Northeast India.Light to moderate rain may occur over Western Himalayas, Kerala, Karnataka, Madhya Maharashtra and Marathwada.Light rain is possible over Chhattisgarh, Gangetic West Bengal, Tamil Nadu, Lakshadweep, Andaman and Nicobar Islands and isolated parts of Jharkhand and Odisha.Dust storm or thundershowers are very likely to occur over parts of Punjab and Haryana.
21 अप्रैल, 2022Highlights of CAI President Atul Ganatra's live interviewCotton area will increase by 15 to 25 percent across India in the coming season.Early sowing this time is expected to lead to early arrivals, which is likely to help cotton prices.Farmers have become aware and smart, have understood exchange and trading, that's why they have stopped selling goods, still 15 percent cotton stock is with farmers.Cotton prices are expected to come down somewhat after the May ice futures market is cut. But currently MCX is not able to run in accordance with IceMCX has an estimated stock of 1 lakh bales while top 6 MNCCs have a stock of 60 lakh bales and they buy and sell together in good coordination and influence (control) market prices. And carry out their business by doing researchCotton sowing has also increased in the USA, an increase of about 20 to 25 percent.Government accepts demand for removal of import duty on spinning mills two months late, still CAI welcomes decision. Our demand is that even after September, import duty should be completely removed so that free trade can be done.The next 6 months are going to be very difficult for Spigening Mills.Powerlooms in Tamil Nadu are considering going on strike to reduce yarn rates.Spinning mills lobby government to impose stock limit on demand cotton.Cotton yield is a huge problem in India. The yield of cotton is the lowest in India and the area is the highest.We are repeatedly telling the government that there is a need to revolutionize the country's seed technology.Mills is unhappy with MNCs, he says MNCs are causing huge losses, taking away all the profits there.Several mills in Andhra Pradesh and Tamil Nadu have diverted up to 5 lakh spindles from cotton to polyester and viscose. There is also news that some mills have made a good profit by saving their reserve stock from the market price and have stopped production. Grasim Nagda has also increased production of viscose fiber to 15000 bales per day whose market price is around Rs 190 to 200 per kg while clean cotton cost is around Rs 350 per kg. It is clear that now the consumption of cotton will be reduced. Now the cotton business is risky, the way of doing business has changed.
Today evening the rupee strengthened by 6 paise to close at Rs 76.14 against the dollar.Sensex closed up by 874 pointsToday the stock market closed sharply. Today, where the Sensex closed at the level of 57911.68 points with a gain of about 874.18 points.On the other hand, the Nifty closed at the level of 17392.60 points with a gain of 256.10 points.
Know how the year-2021-22 was for the major cotton producing countriesThe year 2021-22 can be called a year of immense changes for cotton. For the first time this year, cotton prices have reached more than double the MSP. The farmers of the country are happy with this, but a challenge has arisen for the traders. As a result, the government had to accede to the traders' demand for removal of import duty. However, it is difficult to say how much benefit will be given by removing the import duty limit. Along with India, the price of cotton has also been recorded in other major cotton producing countries this year. Based on all these changes, USDA has presented its report, in which it has been told that what was the situation of different countries in the year 2021-22 for cotton. Let's have a look at this report based on cotton scenario of major countries.Production boom in Australia and TurkeyAs usual, China and India remained ahead in cotton production this year as well, but the production figures of both these countries have decreased compared to last year. Whereas production of Australia and Turkey has increased compared to last year. Talking about exports, this year also the maximum export has been done from USA, but compared to last year, the export of USA has also decreased by 1.62 million bales. China's exports have come down, but in domestic use, China has made a strong boom in the last two years.this year was bustlingIf we look at the closing stock of the year 2021-22, then there is an end stock of 8.34 million bales in India, 3.07 in Australia, 2.54 in Bangladesh, 2.81 in Turkey, 3.5 in USA, 36.38 million in China. It is clear from the report that compared to the last two years, this year saw a lot of movement in production, price, export, import, domestic use and end stock.
Rupee depreciates against dollar, loses 7 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 7 paise at Rs 76.28 against the dollar. At the same time, on Wednesday, the rupee strengthened by 29 paise to close at Rs 76.21 against the dollar.
Sensex rises further, opens up 405 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 405.27 points to open at the level of 57442.77 points. On the other hand, the Nifty of NSE opened with a gain of 116.00 points at the level of 17252.50 points.
All India Weather Forecast for April 21, 2022Countrywide weather systemsThe Western Disturbance is over North Pakistan and adjoining parts of Jammu and Kashmir.Another Western Disturbance is persisting over western parts of Afghanistan.A cyclonic circulation can be seen over South Tamil Nadu and adjoining areas.Another Cyclonic Circulation is persisting over Jharkhand and adjoining Gangetic West Bengal and North Odisha.A trough is extending from South Chhattisgarh to South Tamil Nadu across Telangana and Rayalaseema.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain with isolated heavy falls occurred over Assam, Meghalaya and Manipur.Rest of Northeast India, Sub-Himalayan West Bengal, Sikkim, parts of Lakshadweep, Interior Tamil Nadu, Jammu and Kashmir, Gilgit-Baltistan, Muzaffarabad, parts of Interior Karnataka and isolated parts of South Chhattisgarh, Telangana and Andaman and Nicobar Islands It rained light to moderate.Heat wave conditions persisted over parts of Himachal Pradesh, Haryana, Delhi and Rajasthan.Heat wave conditions were observed over Punjab, Madhya Pradesh, Jharkhand, West Uttar Pradesh and parts of Saurashtra and Kutch.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain with isolated heavy falls is likely over Assam, Meghalaya, Arunachal Pradesh, Manipur, Mizoram and Nagaland.Light to moderate rain may occur over parts of Tamil Nadu, Karnataka, Kerala, North Coastal Andhra Pradesh, West Himalayas, Sikkim, Himalayan West Bengal and East Bihar.Thunderstorm and dust storm are very likely to occur over parts of Punjab, Haryana, Delhi, Rajasthan and West Uttar Pradesh during next 24 to 48 hours.Light rain and thundershowers may occur over Jharkhand, parts of South Gujarat, Maharashtra, Telangana, Madhya Pradesh, Odisha.Heat wave conditions are very likely to prevail over Rajasthan, South Haryana, parts of Punjab, Jharkhand and isolated parts of Delhi on April 20 and thereafter it may decrease.
Rupee gains strength, with the strength of 30 paise against the dollar, the rupee reached the level of 76.20.Investors got relief in the stock market, after a decline of two days, on Wednesday, there was a rise of 574.35 points.With the Sensex reached 57037.50. There was a slight softening in the cotton physical market, the decrease in cotton prices was recorded by 200 to 500 rupees. The luster of gold has faded, the price reached Rs 52,543 down by Rs 208. Malaysia Palm Oil declined by 163 ringgint to close at 6300.
Cotton sowing started in Punjab In order to save the crop from the menace of pink bollwormand get good yield, farmers in Punjab started sowing of cotton early.Cotton sowing has been started in Punjab for the Kharifseason of 2022-23. At present, more than 2500 hectares of area has been sown.It is expected that sowing will pick up in the coming 10 days. Two main reasonsare being given for early sowing. The first reason is that the harvesting ofwheat and mustard crops is almost complete due to the high heat reading and thefarmers have started paying attention to the sowing of cotton and the secondreason is the inter-state advisory committee on cotton to the farmers fromApril 15 to 15. To be encouraged to complete sowing of May Tabak cotton. Infact, last year a large part of the cotton crop was infected with pink bollwormdisease, the committee has concluded that if the sowing is completed on time,the crop will be saved from this infection.target of 4 lakh hectares Farmers have benefited well this season due to the increasein cotton prices. This is the reason that this time the farmer is very excitedfor cotton cultivation. As a result, this time the area under cotton isincreasing in almost every state. For the Kharif season 2022-23 in Punjab, a targethas been set to increase the area under cotton by 23 percent to 4 lakhhectares. Out of the seven main cotton districts of Punjab, Fazilka has thehighest share of 1600 hectares, Bathinda 310 hectares, Mansa 300 hectares andMuktsar 153 hectares.The weather is favorable for farmingOfficials of Punjab's Agriculture and Irrigation Departmentsaid that canal water has been started in major districts for cotton crop.Farmers are now demanding power supply to irrigate with tube well water so thatthey can complete the sowing on time. According to agricultural experts, thecurrent season is completely favorable for sowing of cotton. Hardeep Kumar, acotton farmer from Mansa district of Punjab told that my family has beencultivating cotton for the last 38 years. We cultivate on 35 acres. For thisseason we have started sowing. This time the prices have been good, attractedby them, some new farmers are also turning to cotton cultivation.
Today evening, the rupee strengthened by 30 paise to close at Rs 76.20 against the dollar.Today the stock market closed sharply.Today, where the Sensex rose by about 574.35 points, closed at the level of 57037.50 points. On the other hand, the Nifty closed at the level of 17136.50 points with a gain of 177.80 points.
Rupee opens 17 paise stronger against dollarRupee opened with strength today against the dollar in the domestic currency market. Today the rupee opened with a gain of 17 paise at Rs 76.33 against the dollar. At the same time, on Tuesday, the rupee closed at Rs 76.50 with a weakness of 25 paise against the dollar.Sensex rises, opens up 125 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 125.03 points to open at the level of 56588.18 points. On the other hand, the Nifty of NSE opened with a gain of 41.00 points at the level of 16999.70 points.