All India Weather Forecast for May 09, 2022Weather systems made across the country The deep pressure over southeast Bay of Bengal has increased in west-northwest direction and intensified into Cyclone Asani. Today at 5:30 pm on 8th May, it is over Southeast Bay of Bengal near latitude 11°N and 89°E about 450 km west-northwest of Car Nicobar, 380 km west of Port Blair, 970 km south of Visakhapatnam was in the past. It will move in northwest direction and intensify into a severe cyclone. It will continue to move in a northwest direction till the evening of May 10 and reach west central and adjoining north Andhra Pradesh and southwest Bay of Bengal near Odisha coast. Thereafter, it is expected to turn north-northeastwards towards northwest Bay of Bengal.A Cyclonic Circulation is persisting over Vidarbha and adjoining areas.From the cyclonic circulation over Vidarbha, a trough is extending up to South Interior Karnataka across Marathwada and North Interior Karnataka.A Cyclonic Circulation is persisting over Northeast and adjoining areas of Bangladesh.A fresh Western Disturbance is likely to reach Western Himalayas by the night of May 11.Weather movement across the country during the last 24 hoursDuring the last 24 hours, Andaman and Nicobar Islands received light to moderate rain with isolated heavy falls.Light to moderate rain occurred over Kerala Interior Tamil Nadu, Gangetic West Bengal, parts of East Jharkhand and Western parts of Assam.Light rain occurred over Sub-Himalayan West Bengal, Sikkim, East Bihar, isolated parts of Coastal Andhra Pradesh, North Interior Karnataka and South Interior Karnataka.Heat wave conditions are prevailing in isolated parts of Vidarbha, West Madhya Pradesh, West Rajasthan and Saurashtra.Probable weather activity during next 24 hoursDuring the next 24 hours, light to moderate rain is likely over Andaman & Nicobar Islands, Gangetic West Bengal, Coastal Odisha, Coastal Andhra Pradesh, Manipur, Mizoram, Tripura and parts of Meghalaya and Nagaland.Light to moderate rain is possible at isolated places over Assam, Arunachal Pradesh, Sub-Himalayan West Bengal, Bihar, Jharkhand, Interior Odisha, Kerala, South Karnataka, Rayalaseema and Tamil Nadu.The sea condition will be very rough to very rough over Southeast and adjoining East-central Bay of Bengal. The wind speed can reach 90-100 kmph to 110 kmph.
Rupee breaks 20 paise against the dollar, breaks the level of Rs 77In the foreign exchange market, the rupee opened with a fall today against the dollar. Today the rupee opened with a strength of 20 paise at Rs 77.12 against the dollar. At the same time, on Friday, the rupee closed at Rs 76.92 with a weakness of 66 paise against the dollar.
Sensex collapses as soon as it opens, registers a fall of 625 pointsToday the stock market opened with a fall. Today the BSE Sensex fell by about 624.67 points and opened at the level of 54210.91 points. On the other hand, the Nifty of NSE opened at a level of 16236.00 points down by 175.30 points.
Know how this week was for textile investors A look at the stock report of major textile companies from May 2 to May 7 After the month of April, there is a lot of bustle in the stock market in May as well. Recently, there was a huge fall in the American stock market and its direct impact was on the Indian stock market. As a result, the market cap of the shares of almost all the companies remained negative. Most of the shares of major companies in the textile segment also registered a decline. Let us know what was the performance of major textile companies on the platform of BSc-
Indian stock market got a setback due to heavy fall in US stock market, Sensex 866 on Friday Points fell and closed at the level of 58,835.58. Rupee weakens against dollar, with a decrease of 66 paise, the price reached Rs 76.92. There was a recession of 500 to 1000 rupees in the cotton physical market all over India. No sales, bought. Buying in gold and increase in price continues, till the writing of the news, gold reached 51269 by increasing by Rs 370 at the level of. Falling trend continues in Malaysia Oil Market, the price reached 7065 Ringint, down by 317 Ringgint.
Effect of rising cotton prices, now branded clothes will be expensiveDisturbed by the continuous increase in cotton prices, now fashion retailers have planned to increase the prices of branded garments. Growing fashion retailers such as Celio, Arvind Fashion and Shoppersstop say that due to the increase in cotton prices, our input costs have increased significantly, resulting in us having to hike prices. Cottonka is used exclusively in branded clothing. 50 percent cotton is used in denim, 30 to 40 percent in t-shirts and 10 to 20 percent in inner wear. It is clear that with the increase in the prices of cotton, their cost increases directly. Due to the increase in the prices of clothes, once again the burden on the pocket of the common man is going to increase. Cotton prices have gone up by 45 percent as compared to last year. In fact, due to the strong demand in the international market, there has been a lot of jump in the prices of cotton. This has become a growing problem for fashion retailers. According to Crisil Research, one of the reasons for the increase in prices is that cotton futures on Intercontinental Exchange ICE have crossed the level of $ 1.5 per pound. Prices in India stood at Rs 8,220 per quintal as compared to Rs 5,728 in the previous year, showing a growth of 45 per cent on a year-on-year basis, the agency said. Apart from this, the important reason for the jump in cotton prices in India is the decrease in cotton crop and increase in consumption. Let's know what the major fashion brands are saying on increasing the pricesCotton prices have increased by 45 percent as compared to last year. We are making every effort to reduce the prices, but we cannot bear the full burden of the increased prices, so there is no other option but to increase the prices. Kulin Lalbhai, Arvind Fashion DirectorWe had raised prices by 10 to 12 per cent in October 2021, when there was no reduction in demand anywhere from our premium to mid-segment. Seeing the rising prices of cotton, we may have to take the step of increasing the price again. --Venu Nair, CEO, Shoppers StopIf cotton prices continue to remain volatile as today, we will increase prices by 5 to 6 per cent, which will be in line with inflation. Celio may hike prices before launching its winter collection. --Satyen Momaya, CEO, CellioNote- The government is now imposing a temporary ban on the export of cotton from India to stop the rise in prices.
The effect of the huge fall in the US stock market last night was seen in Asian stock markets including Indian today.Today evening, the rupee depreciated by 66 paise to close at Rs 76.92 against the dollar.Today the stock market closed with a huge fall.Today, where the Sensex fell by about 866.65 points, closed at the level of 54835.58 points. On the other handNifty closed at the level of 16411.30 points down by 271.40 points.Today Malaysia Palm Oil continued its decline, falling 317 Ringgit (₹ -5.5/kg) to close at 7065.
Sensex collapses as soon as it opens, registers a decline of 883 pointsToday the stock market opened with a fall. Today the BSE Sensex fell by about 883.46 points and opened at 54818.77 points. On the other hand, the Nifty of NSE opened at a level of 16411.30 points down by 271.40 points.
Rupee slammed against dollar, opened 37 paise weakIn the foreign exchange market, the rupee opened with a fall today against the dollar. Today the rupee opened with a gain of 37 paise at Rs 76.62 against the dollar. At the same time, the rupee on Thursday closed at Rs 76.26 with a gain of 16 paise against the dollar.
All India Weather Forecast for May 06, 2022Weather systems made across the countryThe Western Disturbance is over North Pakistan and adjoining areas.An Induced Cyclonic Circulation lies over Central Pakistan and adjoining Punjab.A trough is extending from Punjab to Manipur across East Rajasthan, North Madhya Pradesh, North Chhattisgarh, Jharkhand, West Bengal and South Assam.A Cyclonic Circulation is persisting over Southeast Uttar Pradesh.A trough is extending from Vidarbha to South Tamil Nadu via Telangana and Rayalaseema.A low pressure area has developed over South Andaman Sea and adjoining region. It may further intensify into a depression and move in a north-westerly direction initially.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain with isolated heavy falls occurred over Punjab, Uttar Pradesh, Northeast Madhya Pradesh, Rayalaseema, Kerala, Coastal Karnataka, Tamil Nadu and Sikkim.Dust storm, thunderstorm and hailstorm activities were witnessed at isolated places over Punjab, Haryana, Delhi and parts of Uttar Pradesh.Light to moderate rain occurred at isolated places over Jammu and Kashmir, Gilgit-Baltistan, Muzaffarabad, Himachal Pradesh, Ladakh, Uttarakhand, Andhra Pradesh, Andaman and Nicobar Islands and Telangana.Light rain occurred at isolated places over Chhattisgarh, Jharkhand, Bihar, Coastal Andhra Pradesh, East Arunachal Pradesh, Assam, Manipur, Mizoram, Tripura, Nagaland and Lakshadweep.The minimum temperatures have dropped significantly over Punjab, Haryana, Delhi, Uttar Pradesh, parts of North Chhattisgarh and North and Northeast Madhya Pradesh.Probable weather activity during next 24 hoursDuring the next 24 hours, isolated heavy to very heavy rain is likely over South Karnataka, Kerala, Tamil Nadu and Andaman & Nicobar Islands.Light to moderate rain may occur over Manipur, Mizoram, Tripura, Meghalaya, Sikkim, parts of Odisha, West Bengal, Jammu and Kashmir, Himachal Pradesh and Uttarakhand.Light rain, dust storm, thundershowers are very likely to occur over parts of North Rajasthan and at isolated places over Punjab, Delhi and Haryana.Light rain is possible over Coastal Andhra Pradesh, Rayalaseema, Bihar, Jharkhand, West Bengal and one or two parts of Telangana.Heat wave conditions may occur at isolated parts of North Madhya Maharashtra and Vidarbha.
U.S. EXPORT SALES FOR WEEK ENDING 28/04/2022Cotton: Net sales of 232,400 RB for 2021/2022 were up 92 percent from the previous week and up noticeably from the prior 4-week average. Increases primarily for China (99,700 RB, including decreases of 13,500 RB), Vietnam (65,800 RB, including 1,000 RB switched from Indonesia and 400 RB switched from South Korea), Bangladesh (24,000 RB), Turkey (15,400 RB, including decreases of 1,600 RB), and India (14,900 RB, including decreases of 1,200 RB), were offset by reductions for the Philippines (900 RB). Net sales of 93,200 RB for 2022/2023 were primarily for Turkey (36,300 RB), Pakistan (19,800 RB), Guatemala (14,600 RB), Peru (9,600 RB), and Indonesia (6,600 RB). Exports of 426,600 RB were up 11 percent from the previous week and from the prior 4-week average. The destinations were primarily to China (156,500 RB), Turkey (74,200 RB), Vietnam (65,100 RB), Pakistan (48,000 RB), and Mexico (14,100 RB). Net sales of Pima totaling 3,400 RB were down 74 percent from the previous week and 47 percent from the prior 4-week average. Increases reported for China (2,800 RB), Vietnam (1,300 RB, including 400 RB switched from Japan and 400 RB - late), Pakistan (1,000 RB, including 900 RB switched from the United Arab Emirates and 900 RB - late), Thailand (600 RB, including 300 RB switched from Japan, 300 RB switched from unknown destinations, and 300 RB - late), and Indonesia (100 RB switched from Japan, including 100 RB - late), were offset by reductions for the United Arab Emirates (900 RB), Japan (800 RB), India (400 RB), and unknown destinations (400 RB). Net sales of 4,000 RB for 2022/2023 were primarily for India (2,600 RB). Exports of 21,200 RB were up noticeably from the previous week and up 72 percent from the prior 4-week average. The destinations were primarily to India (8,300 RB), Peru (3,500 RB), Thailand (1,700 RB, including 300 RB - late), China (1,700 RB, including 1,300 RB - late), and Turkey (900 RB). Optional Origin Sales: For 2021/2022, the current outstanding balance of 57,200 RB is for Vietnam (52,800 RB) and Pakistan (4,400 RB). Exports for Own Account: For 2021/2022, the current exports for own account outstanding balance is 100 RB, all Vietnam. Late Reporting: For 2021/2022, net sales totaling 1,700 RB of pima cotton were reported late for Pakistan (900 RB), Vietnam (400 RB), Thailand (300 RB), and Indonesia (100 RB). Exports totaling 3,900 RB of pima cotton were reported late to China (1,300 RB), Pakistan (900 RB), Vietnam (400 RB), Switzerland (400 RB), Germany (400 RB), Thailand (300 RB), Colombia (100 RB), and Indonesia (100 RB).
Cotton prices increased by 39 percent in 5 months in Madhya PradeshThis season the price of cotton has increased surprisingly. In almost all the mandis of all the states of the country, the graph of cotton prices has gone up completely. (smartinfo)Talking about the figures, in Madhya Pradesh alone, the price of cotton has increased by 28 percent in the last 5 months. At the beginning of the year, the price of a cotton candy here was 69,750, while exactly 5 months later, on May 2, the price of cotton candy was recorded at 97,250. For the first time in the history of the state, a difference of Rs 27,500 was seen in the cotton price in just five months.Along with cotton, there has been a significant increase in the prices of other related products like comber, khal and seed. On January 1, 2022, the price of comber in the state was Rs 97 per kg, while on May 2, 2022 it increased by Rs 30 to Rs 127 per kg. (smartinfo)The price of Khal has also increased significantly during this time period. On January 1, the khal was sold at a price of Rs 3450 per quintal, while on May 2, 2022 its price reached Rs 3625 per quintal. There has also been a significant increase in the price of seed in the state. The seed price was Rs 3700 per quintal on 1 January 2020, which has increased to 4200 per quintal on 5 May 2022.
Today evening, the rupee strengthened by 16 paise to close at Rs 76.26 against the dollar.The stock market closed sharply.Today, where the Sensex closed at the level of 55702.23 points with a gain of 33.20 points. On the other hand, the Nifty closed at the level of 16682.70 points with a gain of 5.10 points.
Sensex returns, opens up 515 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 515.45 points to open at the level of 56184.48 points. On the other hand, the Nifty of NSE opened with a gain of 158.70 points at the level of 16836.30 points.
Rupee opens 27 paise stronger against dollarRupee opened with strength today against the dollar in the foreign exchange market. Today the rupee opened with a strength of 27 paise at Rs 76.14 against the dollar. On the other hand, the rupee on Wednesday gained 10 paise to close at Rs 76.41 against the dollar.
All India Weather Forecast for May 05, 2022Weather systems made across the countryA Western Disturbance is persisting over Jammu and Kashmir and adjoining region.An Induced Cyclonic Circulation lies over Central Pakistan and adjoining region.A trough is extending from Punjab to Bangladesh passing through Haryana, South Uttar Pradesh, South Bihar and West Bengal.Weather movement across the country during the last 24 hoursDuring the last 24 hours, light to moderate rain with isolated heavy falls occurred over Manipur, Telangana, Coastal Odisha, Andaman and Nicobar Islands, Himachal Pradesh and Interior Tamil Nadu.Light to moderate rain occurred over rest of Northeast India, rest of Tamil Nadu, Coastal Karnataka, Rayalaseema and Jammu and Kashmir.Light rain occurred in one or two parts of West Bengal, East Madhya Pradesh, Chhattisgarh, Vidarbha, Coastal Andhra Pradesh and Vidarbha, North Punjab and North Haryana.The heat wave has stopped in the country.Probable weather activity during next 24 hoursModerate to heavy rain with very heavy rain at one or two places is very likely over Andaman and Nicobar Islands for the next 2-3 days. The sea condition will be rough to very rough over South Andaman Sea and adjoining parts of southeast Bay of Bengal. There will be high waves in the sea and strong winds can blow.Light to moderate rain is possible over Northeast India, Sub-Himalayan West Bengal, Sikkim parts of Odisha and isolated parts of Kerala over Tamil Nadu.Light to moderate rain may occur over Jammu and Kashmir, Gilgit-Baltistan, Muzaffarabad, Himachal Pradesh, Uttarakhand, East Uttar Pradesh, Bihar, Jharkhand, parts of Chhattisgarh, Interior Karnataka, Rayalaseema, Coastal Karnataka and one or two parts of Telangana.Light rain and thundershowers are very likely to occur over parts of Punjab, Haryana, North Rajasthan, Delhi and West Uttar Pradesh.
On Wednesday evening, the Sensex lost 1307 points and closed at 55669.03. Rupee gains strength against dollar, gains 10 paise to close at 76.41.The fall in gold, till the writing of the news, the price reached Rs 50647, falling by Rs 161. There was a slight increase in the cotton physical market in the North Zone, the rest of the entire India market remained stable. Soyabean seed rose by Rs 100-150 per quintal to reach 7150-7400.
On increasing cotton yarn prices on Monday, garment manufacturers in Tiurppur have needed a ban on export of cotton and cotton yarn. Textile mills have, meanwhile, urged the Union government to come back out with a system to gather accurate data on cotton production and consumption.“There is no any data on cotton production, consumption, stocks available with farmers and traders,” Ravi Sam, chairman of Southern India Mills’ Association (SIMA), said.“Textile mills are adding spindles and cotton consumption is increasing. Only with proper data govt can take decisions which will help the industry,”It is estimated that a minimum of two lakh spindles are added each month resulting in higher demand for cotton. Textile mills have started contracting cotton from overseas suppliers though international prices are at this time slightly higher of domestic prices. If cotton and yarn exports are banned, prices will crash and also the mills will incur losses, he said. Cotton prices reduced slightly when the govt removed the duty. However, the costs started stoning up afterward.The government should announce a technology mission on cotton to extend productivity and introduce a system to gather proper data on cotton, he said.
The garment units in Tirupur, widely referred to as the garment capital of South India, will down shutters from May 16 to 21 in protest against the hike in prices of cotton yarn.The price of cotton yarn has increased by Rs 40 per kg after the Centre reduced the tariff on cotton.The strike call was announced by the Tirupur garment owners association during a statement on Tuesday.The garment units, mostly exporters, are worried that the hike in cotton yarn prices will adversely affect their business and, hence, as a mark of protest they'll stage the six-day protest. The annual turnover of the Tirupur apparel industry is around Rs 36,000 crore.Tirupur garment owners association president, M.P. Muthuraman, while chatting with IANS, said, "The cotton mills increased the worth of yarn by Rs 50 per kilogram in November 2021, and also the yarn was sold at Rs 350 per kg. Now after the govt of India has reduced the duty of cotton, we were expecting prices of yarn to fall, instead, mills have increased it by Rs 40 per kg with which we cannot survive. we've no other option but to shut our units as a mark of protest."Tiruppur Exporters Association (TEA) president, Raja Shanmugham while talking to IANS said, "We request the Union government to effect a ban on the export of cotton yarn till the worth stabilizes."He said that there are possibilities of cotton being hoarded by traders in North India resulting in scarcity of product.Tamil Nadu Spinning Mills Association (TNSMA) special advisor, Dr. K. Venkitachalam while chatting with IANS said, "The cotton traders in North India are hoarding the merchandise creating scarcity and hence mills are increasing the costs. There seems to be no effect on the removal primal duty of cotton by the govt of India."He also said that when the removal great duty for cotton was announced, there was a direct drop by candyfloss prices, but now with less availability of spun sugar, the value has come up.
Cotlook’s April supply and demand forecasts indicate higher figures for production and consumption in 2021/22 but reduced consumption next seasonThe past month has seen a modest increase in Cotlook’s forecast of raw cotton output in the 2021/22 season, entirely attributable to improved performance in the African Franc Zone. Consumption was also increased, by 25,000 tonnes overall, owing to shifts in the assessments of demand in Far Eastern markets outside China. The result is that world stocks by the end of the current season are now expected to decrease by 229,000 tonnes, compared to 219,000 a month ago.Production estimates for 2022/23 were unchanged, while consumption was subject to a further reduction arising from another cut for Vietnam. Global cotton stocks by July 31, 2023 are thus forecast to increase by 515,000 tonnes year on year, up from 465,000 in our March estimate.