*AFRICA : Mali cotton**Mali’s cotton harvest for the 2021/22 season is expected to be 731,000 tonnes, 10% below an earlier forecast due to insufficient rain in some areas and localised floods elsewhere, data frome cotton producers’ association showed on Thursday.**In March, the government forecast that cotton production would rebound this season to 810,000 tonnes after plunging nearly 80% in 2020/21 to 147,200 because the pandemic upended demand and farmers went on strike.*
*All India Weather Forecast for December 27, 2021**Weather systems made across the country*The Western Disturbance is over North Pakistan and adjoining Jammu and Kashmir.The Induced Cyclonic Circulation is joining South Pakistan and parts of Rajasthan.Another cyclonic circulation can be seen over Southeast Uttar Pradesh and adjoining areas.A Cyclonic Circulation is persisting over Assam and adjoining areas.*Weather movement across the country during the last 24 hours*During the last 24 hours, light rain occurred at one or two places over parts of Assam.Scattered rain and snow occurred in Jammu and Kashmir, Gilgit Baltistan and Muzaffarabad.The minimum temperature has increased by 2 to 4 degrees in Northwest India.*Weather activity likely during next 24 hours*Light to moderate rain and snow is likely over Western Himalayas during next 2 to 3 days.During the next 24 hours, isolated rain is possible over Punjab, Haryana, North Rajasthan, Delhi, West parts of Uttar Pradesh and West Rajasthan and Kutch.Light rain is possible at isolated places over Sub-Himalayan West Bengal, Sikkim, Assam and Arunachal Pradesh.Many parts of South and Southeast Rajasthan, Madhya Pradesh, Chhattisgarh, parts of Vidarbha, remaining parts of Uttar Pradesh, Bihar and Jharkhand may also receive rain and thundershowers after 24 hours.*-For Regular Commodity Market Update:**Call:9111977771*https://wa.me/919111977775
Today evening, the rupee strengthened by 22 paise to close at Rs 75.02 against the dollar.Today the stock market closed with a fall.Today, where the Sensex closed at a level of 57124.31 points, down 190.97 points. On the other hand, Nifty closed at the level of 17003.80 points down by 68.80 points.
Rupee opens 8 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 8 paise at Rs 75.16 against the dollar. At the same time, the rupee on Thursday closed at Rs 75.24 with a gain of 31 paise against the dollar.
Sensex started slow today, opened up by 43 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 43.31 points to open at the level of 57358.59.
*ICE COTTON SUMMARY**Cotton set for third weekly rise as Omicron fears ease**ICE cotton futures rose on Thursday and were on track for a third straight weekly gain on strong demand outlook for the natural fiber as worries over the Omicron coronavirus variant eased.**The contract was on course for a weekly gain of 2%.**“Investors seem to have a general underlying feeling that Omicron may not be very severe and commodity prices will rise, moving into the new year,” said Keith Brown, principal at Keith Brown and Co in Georgia. Wall Street’s main indexes rose after early data suggested the Omicron variant of the coronavirus was less severe than feared.**Oil prices also extended gains. Higher oil prices make polyester, a substitute for cotton, more expensive.**Meanwhile, the US Department of Agriculture’s weekly export sales report showed net sales of 243,900 running bales for 2021/2022, down 15% from the previous week and 21% from the prior 4-week average.**“Since it was the week before Christmas, the sales were pretty decent. Shipments have improved and as supply chain crisis is resolved, the US will ship more cotton,” Brown said. Total futures market volume fell by 7,695 to 6,499 lots. Data showed total open interest gained 2,344 to 232,268 contracts in the previous session.*
*All India Weather Forecast for December 24, 2021**Weather systems made across the country*Western Disturbance over Jammu and Kashmir and adjoining areas is over.Two more Western Disturbances are expected to reach Western Himalayas one after the other. The first will be on December 24 and the second on December 26.A Cyclonic Circulation is persisting over southern parts of Bangladesh.*Weather movement across the country during the last 24 hours*During the last 24 hours, isolated light rain occurred over parts of Assam, Manipur, Mizoram, Tripura and Meghalaya and at isolated places over North Punjab and Andaman and Nicobar Islands.Light rain and snow occurred in Gilgit-Baltistan, Muzaffarabad and Jammu and Kashmir.Minimum temperatures increased over most parts of Northwest and Central India, reducing the cold wave.*Weather activity likely during next 24 hours*During the next 24 hours, isolated rain and thundershowers are possible over Jammu and Kashmir, Gilgit-Baltistan, Muzaffarabad, Ladakh and parts of Himachal Pradesh. Isolated rain may occur over Uttarakhand and Andaman and Nicobar Islands.Light rain is possible at isolated places over Assam and Arunachal Pradesh.Minimum temperatures are likely to rise further over Northwest Central and East parts of the country.
Today evening, the rupee strengthened by 31 paise to close at Rs 75.24 against the dollar.Today the stock market closed sharply.Today, where the Sensex rose by about 384.72 points, it closed at the level of 57315.28 points. On the other hand, the Nifty closed at the level of 17072.60 points with a gain of 117.10 points.
Rupee opens 14 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 14 paise at Rs 75.41 against the dollar. At the same time, on Wednesday, the rupee closed at Rs 75.55 with a strength of 5 paise against the dollar.
Cotton exports may decline on higher pricesShipments during October-November are down 42% at 7 lakh bales y-o-yAs Indian cotton prices continue to rule high, the trade fears a decline in exports for the current season to September 2022. Cotton exports have started on a sluggish note and shipments during October-November, the first two months of the season.According to Cotton Association of India (CAI) estimates, exports were seven lakh bales (170 kg each) during the first two months of the season compared with 12 lakh bales in the same period a year ago.“At these high rates, we will be not able to achieve our export target of 48 lakh bales. We may hardly touch 35-40 lakh bales in exports, which will be 50 per cent less compared to last year’s exports of 78 lakh bales,” Atul S Ganatra, President, CAI, said.Higher pricesCotton prices are ruling high across the country and growers are seen holding back their produce, anticipating better prices. This is reflected in the market arrivals, which were down 15 per cent till November end.On the benchmark Intercontinental Exchange or ICE, March futures contract is traded around 106 cents per pound. At the current price levels, the Indian cotton prices are equivalent to around 120 cents per pound on the ICE, making it expensive for the overseas buyers.Trade sources said there’s not much of buying interest for exports now, in a market where prices are on the higher side even during this peak season. Sources said prices are ruling higher only due to insecurity of low arrival and crop expectations. Unseasonal rains during October-November impacted the harvest, triggering quality concerns.“Exporters are buying at a very slow pace,” said Ramanuj Das Boob, a sourcing agent for both domestic mills and multinationals in Raichur, Karnataka. At the prevailing prices, exports will definitely be less in the year ahead, he said.Retaining produceGanatra said though arrivals are seen improving in December, farmers are not selling the top-quality cotton and are holding it back. Farmers are bringing to market the cotton harvested in third and fourth picking, while are keeping the first and second pickings at home, expecting higher prices.Ganatra estimates that farmers across the country are holding around 150 lakh bales of top-quality cotton. The first and second picking of cotton is considered to be the best quality. “It is coming very slowly into the market,” he said.According to recent estimates for the 2021-22 season, CAI has pegged the crop size at 360.13 lakh bales — higher than the previous year’s 353 lakh bales. The trade body expects the domestic demand to stay flat at last year’s levels of 335 lakh bales.“While there’s unlikely to be any major change in the crop size, the marketing season may prolong till August-September as farmers may continue to hold on their produce,” Ganatra said.
Sensex opens sharply, rises 297 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 296.89 points to open at 57227.45 points.
*PAKISTAN COTTON MARKET UPDATE**Lean business on cotton market**The Spot Rate remained unchanged on Wednesday. The market remained stable and the trading volume remained low.**Cotton analyst Naseem Usman while talking to Business Recorder told that price of Phutti of Sindh was traded from Rs 4500-7600 per 40 kilograms; Punjab’s Phutti attracted per 40 kilograms prices from Rs 6000 to Rs 7800. The Prime Quality Cotton was available at Rs 17500 per maund.**Similarly, Phutti from Balochistan was traded at Rs 6500 per 40 kilograms to Rs 8200 per 40 kilograms.**Cotton of Sindh was traded from Rs 13,500 to Rs 17000 per maund, Punjab’s cotton was traded from Rs 14,500 to Rs 17000 per maund and Balochistan’s cotton prices remained from Rs 16,000 per maund to Rs 16,500 per maund.**While Banola from Sindh was traded from Rs 1,400 to Rs 2,300 per maund, Punjab’s crop was traded from Rs 1,800 to Rs 2,400 per maund and Balochistan’s Banola was traded from Rs 1,700 to Rs 2,300 per maund, added Naseem Usman.**As many as 600 bales of Samundri were sold at Rs 17500 per maund, 300 bales of Chichawatni, 800 bales of Rahim Yar Khan were sold at Rs 17400 per maund, 800 bales of Shujabad, 200 bales of Marrrot were sold at Rs 16500 per maund and 582 bales of Layyah were sold at Rs 15200 per maund.**The Spot Rate remained unchanged at Rs 17300 per maund. Polyester Fiber was available at Rs 245 per kg.*
*All India Weather Forecast for December 23, 2021**Weather systems made across the country*The Western Disturbance is persisting as a Cyclonic Circulation over North Pakistan and adjoining Jammu and Kashmir.Another Western Disturbance is expected to reach the Western Himalayas by 24th December and soon after that the next Western Disturbance is possible around 26th December.A Cyclonic Circulation is persisting over Bangladesh.*Weather movement across the country during the last 24 hours*During the last 24 hours, due to rise in temperature, cold wave conditions have cleared from most parts of Northwest and Central India.Moderate to light fog was observed over parts of Punjab, Bihar and Arunachal Pradesh.*Probable weather activity during next 24 hours*During the next 24 hours, isolated light rain and snow is likely over Gilgit-Baltistan, Muzaffarabad and parts of Jammu and Kashmir.*Sporadic light rain is possible over Northeast India*During the next 48 hours, the minimum temperature is very likely to increase by 3 to 4 degrees over Northwest and Central India and gradually over the eastern part of the country.*-For Regular Commodity Market Update:**Call:9111977771*https://wa.me/919111977775
Today evening, the rupee strengthened by 5 paise to close at Rs 75.55 against the dollar.Today the stock market closed sharply.Today, where the Sensex closed at a level of 56930.56 points with a gain of about 611.55 points. On the other hand, Nifty closed at 16955.50 with a gain of 184.70 points.
Rupee opens 6 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 6 paise at Rs 75.54 against the dollar. At the same time, on Tuesday, the rupee strengthened by 30 paise to close at Rs 75.60 against the dollar.Strong opening in Sensex, opened up by 455 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 454.62 points to open at the level of 56773.63 points.
*PAKISTAN COTTON MARKET UPDATE**Firm trend on cotton market**The Spot Rate remained unchanged on the cotton market on Tuesday. The market remained steady and the trading volume remained low.**Cotton analyst Naseem Usman while talking to Business Recorder told that price of Phutti of Sindh was traded from Rs 4500-7600 per 40 kilograms; Punjab’s Phutti attracted per 40 kilograms prices from Rs 6000 to Rs 7800. The Prime Quality Cotton was available at Rs 17500 per maund.**Similarly, Phutti from Balochistan was traded at Rs 6500 per 40 kilograms to Rs 8200 per 40 kilograms. Cotton of Sindh was traded from Rs 13,500 to Rs 17000 per maund, Punjab’s cotton was traded from Rs 14,500 to Rs 17000 per maund and Balochistan’s cotton prices remained from Rs 16,000 per maund to Rs 16,500 per maund.**While Banola from Sindh was traded from Rs 1,400 to Rs 2,300 per maund, Punjab’s crop was traded from Rs 1,800 to Rs 2,400 per maund and Balochistan’s Banola was traded from Rs 1,700 to Rs 2,300 per maund, added Naseem Usman.**As many as 800 bales of Ghotki were sold at Rs 17000 to Rs 17300 per maund, 200 bales of Fazil Pur were sold at Rs 17500 per maund and 1400 bales of Hasil Pur were sold at Rs 14850 to Rs 15000 per maund, 800 bales of Yazman Mandi and 400 bales of Faqeer Wali were sold at Rs 15450 per maund.*
*All India Weather Forecast for December 22, 2021**Weather systems made across the country*A deep low pressure area lies near South Andaman Sea and Sumatra coast. It is likely to move east-northeastwards.A Cyclonic Circulation is persisting over East Uttar Pradesh and adjoining Bihar.One Western Disturbance is expected to affect the Western Himalayas one after the other. One on 22 December and the other on 24 December.*Weather movement across the country during the last 24 hours*During the last 24 hours, light to moderate rain is very likely over Andaman and Nicobar Islands.Light rain occurred in some parts of North Haryana and Jammu and Kashmir.Cold wave conditions are continuing over Punjab, Haryana, Rajasthan, Madhya Pradesh, Uttar Pradesh and parts of Chhattisgarh and Odisha.Frost was observed in parts of Punjab, Haryana, Rajasthan, Madhya Pradesh and Uttar Pradesh.*Weather activity likely during next 24 hours*During the next 24 hours, light rain and snow is possible over Gilgit Baltistan, Muzaffarabad and over Jammu and Kashmir.Light to moderate rain is possible over Nagaland, Manipur, Mizoram and Tripura. Scattered rain is possible over Assam, Meghalaya and Arunachal Pradesh.*Light to moderate rain may occur over Andaman and Nicobar Islands.*Minimum temperatures are expected to rise over Northwest and Central India during the next few days, which will reduce the severe cold wave. Cold wave conditions may also subside in the next two to three days.*-For Regular Commodity Market Update:**Call:9111977771*https://wa.me/919111977775
Today evening, the rupee strengthened by 31 paise to close at Rs 75.60 against the dollar.Today the stock market closed sharply.Today, where the Sensex rose by about 497.00 points, it closed at the level of 56319.01 points. On the other hand, Nifty closed at 16770.80 with a gain of 156.60 points.
Sensex opens sharply, rises 477 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 476.88 points to open at the level of 56298.89 points.Rupee opens 17 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a gain of 17 paise at Rs 75.73 against the dollar. At the same time, on Monday, the rupee closed at Rs 75.90 with a gain of 18 paise against the dollar.
*All India Weather Forecast for December 21, 2021**Weather systems made across the country*A Deep Low Pressure Area is persisting over South Andaman Sea and adjoining region. The associated circulation extends up to 5.8 km above mean sea level.A fresh Western Disturbance will affect Western Himalayas from 22nd December and another around 24th December.*Weather movement across the country during the last 24 hours*During the last 24 hours, the weather remained dry over most parts of the country.Andaman and Nicobar Islands and Lakshadweep received light to moderate rain.Severe cold wave conditions are prevailing over many parts of East Rajasthan, some parts of West Rajasthan, Madhya Pradesh and Haryana.Cold wave conditions persist over Delhi, parts of Punjab, Haryana, Jammu and Kashmir, Ladakh, Himachal Pradesh, Uttarakhand, Gilgit Baltistan, Muzaffarabad and East Madhya Pradesh.Dense fog was observed over isolated parts of West Uttar Pradesh and light to moderate fog over some parts of Bihar, Manipur, Uttarakhand and Tripura.*Weather activity likely during next 24 hours*During the next 24 hours, light to moderate rain at isolated places is very likely over Andaman and Nicobar Islands.There is no possibility of any major change in the minimum temperature of Northwest India.The minimum temperature over East and adjoining Central India may drop by 2-3 degrees.*Severe cold wave conditions are likely over parts of East Rajasthan.*Cold wave conditions are possible over Delhi, parts of Punjab, Haryana, Uttar Pradesh, Jammu and Kashmir, Ladakh, Himachal Pradesh, Uttarakhand, Gilgit Baltistan, Muzaffarabad, West Rajasthan, Madhya Pradesh and isolated parts of Telangana.