*PAKISTAN COTTON MARKET UPDATE**Official spot rate shed Rs100 amid slow business**The Spot Rate Committee of the Karachi Cotton Association (KCA) on Tuesday decreased the spot rate by Rs 100 per maund and closed it at Rs 17500 per maund. The market remained steady and the trading volume remained low.**Cotton analyst Naseem Usman while talking to Business Recorder told that price of 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.**Cotton of Sindh was traded from Rs 14500 to Rs 17500 per maund, Punjab’s cotton was traded from Rs 15000 to Rs 17500 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 Haroonabad were sold at Rs 14600 to Rs 16000 per maund, 200 bales of Fort Abbas were sold at Rs 16650 per maund, 400 bales of Donga Bonga were sold at Rs 16700 per maund, 1200 bales of Yazman Mandi were sold at Rs 15500 to Rs 16500 per maund, 400 bales of Dharan Wala were sold at Rs 16500 per maund, 800 bales of Rahim Yar Khan were sold at Rs 16500 to Rs 17400 per maund.**The Spot Rate Committee of the Karachi Cotton Association on Tuesday increased the spot rate by Rs 100 per maund and closed it at Rs 17500 per maund. The Polyester Fiber was available at Rs 245 per kg.*
*All India Weather Forecast for December 29, 2021**Weather systems made across the country*The Western Disturbance is over Jammu and Kashmir and adjoining areas of Ladakh.A cyclonic circulation lies over Northeast Rajasthan and a trough is extending from this cyclonic circulation across western parts of Madhya Pradesh up to Vidarbha.A Cyclonic Circulation is persisting over Southwest Bihar and adjoining areas.*Weather movement across the country during the last 24 hours*During the last 24 hours, some heavy rain with light to moderate rain occurred over Southeast Rajasthan.Light to moderate rain occurred over western parts of Madhya Pradesh.Apart from the southern districts, isolated light rain occurred in many parts of Gujarat.Scattered light rain occurred over East Madhya Pradesh, Odisha, North Coastal Andhra Pradesh, Assam, Sikkim and Andaman and Nicobar Islands.Light to moderate rain and snow occurred in Gilgit-Baltistan, Muzaffarabad, Ladakh and Jammu and Kashmir.Dense fog was observed over some parts of Chhattisgarh and moderate fog was observed at one or two places over western parts of Rajasthan and Jharkhand.*Weather activity likely during next 24 hours*During the next 24 hours, light to moderate rain is likely over many parts of Uttar Pradesh, Madhya Pradesh and Rajasthan.Light rain with scattered snow is likely over Western Himalayas.Light rain is possible over Gujarat, Chhattisgarh, Bihar, Jharkhand and West Bengal, Orissa, Vidarbha and Sikkim.After 24 hours, the minimum temperature of Northwest India is likely to drop by 2 to 3 degrees.Dense fog is also likely over parts of Punjab, Haryana, Rajasthan and West Uttar Pradesh.
Today evening, the rupee strengthened by 34 paise to close at 74.66 against the dollar.Today the stock market closed sharply.Today, where the Sensex rose by about 477.24 points, closed at the level of 57897.48 points. On the other hand, Nifty closed at 17233.30 with a gain of 147.00 points.
Today evening, the rupee strengthened by 34 paise to close at 74.66 against the dollar.Today the stock market closed sharply.Today, where the Sensex rose by about 477.24 points, closed at the level of 57897.48 points. On the other hand, Nifty closed at 17233.30 with a gain of 147.00 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 74.92 against the dollar. At the same time, on Monday, the rupee strengthened by 2 paise against the dollar to close at Rs 75.00.
Sensex opens sharply, rises 326 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 326.30 points to open at the level of 57746.54 points.
*ICE COTTON SUMMARY**Cotton scales 4-week peak**ICE cotton futures rose 2.5% to a four-week high in thin trade on Monday, tracking upbeat sentiment in wider financial and oil markets, as well as a strong demand outlook for the natural fiber.**“The stock markets are up and crude oil is higher as well, which are impacting prices of cotton somewhat,” said Jack Scoville, vice president at Chicago-based Price Futures Group.**“There’s a lot of feeling out there that US economy is actually tagging along pretty well and demand for cotton is probably going to be higher. Export demand is also expected to remain strong.”**The S&P 500 hit a record high as a strong retail sales report underscored the strength of the economy.**US retail sales rose 8.5% during this year’s holiday shopping season from Nov. 1 to Dec. 24, powered by soaring ecommerce sales, a report by Mastercard Inc said on Sunday.**Oil prices rose more than $1 as Omicron concern eases. Higher oil prices make polyester, a substitute for cotton, more expensive.**Last week, the US Department of Agriculture’s weekly export sales report showed net sales of 243,900 running bales for 2021/2022, with China being the top buyer. Total futures market volume rose by 130 to 9,268 lots. Data showed total open interest fell 38 to 233,433 contracts in the previous session.*
*Trading volume remains low on cotton market**The Spot Rate remained unchanged on Monday. 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 400 bales of Dharan Wala were sold at Rs 16500 per maund, 1200 bales of Yazman Mondi were sold at Rs 15500 to Rs 16500 per maund, 200 bales of Rahim Yar Khan were sold at Rs 17400 per maund and 400 bales of Haroonabad were sold at Rs 14600 per maund.* *SiS Commited to update you on all textile related news real time.**Regards**Team Sis**Any query plz call 9111977771*Smartinfoindia.com*https://wa.me/919111977775*
*All India Weather Forecast for December 28, 2021**Countrywide weather systems*Western Disturbance over Ladakh and adjoining region.Another Western Disturbance is over North Pakistan and adjoining areas.An Induced Cyclonic Circulation lies over West Rajasthan.A trough is extending from a cyclonic circulation over West Rajasthan up to Vidarbha over East Rajasthan and western parts of Madhya Pradesh.*Weather movement across the country during the last 24 hours*During the last 24 hours, isolated over Western Himalayas*Light to moderate rain and snow fell.*Light to moderate rain occurred over Punjab, Haryana, adjoining parts of West Uttar Pradesh and parts of Rajasthan.Cold day conditions were observed in some parts of Punjab.Dense to very dense fog was observed over isolated parts of West Rajasthan, Punjab and moderate fog at some parts of East Uttar Pradesh, Jharkhand, Odisha and Meghalaya.*Weather activity likely during next 24 hours*During the next 24 hours, rain and snow is possible in some parts of Western Himalaya for the next 24 hours.Light to moderate rain is possible over many parts of Rajasthan, Madhya Pradesh and Uttar Pradesh. Parts of Bihar, Jharkhand and Chhattisgarh, Delhi NCR and isolated places over Haryana, Gujarat and Vidarbha may receive scattered rains. ,From December 29, the minimum temperatures will drop over the north-west and adjoining central parts of the country.Moderate to dense fog is possible over parts of Punjab, Haryana and Rajasthan during morning hours.*SiS Commited to update you on all textile related news real time.**Regards**Team Sis**Any query plz call 9111977771*Smartinfoindia.com*https://wa.me/919111977775*
*India’s exports rise 36.2% to $23.82 billion in December 2021**India’s exports increased 36.2 per cent to $23.82 billion during December 1-21 (year-on-year), according to preliminary data of the Commerce Ministry.**In the third week of December 2021, exports increased 20.83 per cent to $7.36 billion, indicating a deceleration in growth.**Exports, excluding petroleum, oil and lubricants, increased by 28.08 per cent in the first three weeks of December, per the data.**Exports of goods for the period April-November 2021 increased 51.34 per cent to $263.57 billion over the same period last year.**The Commerce & Industry Ministry has set an export target of $400 billion for 2021-22. Last fiscal, exports were valued at $290 billion.*
Today evening the rupee strengthened by 2 paise against the dollar to close at Rs 75.00 level.Today the stock market closed sharply.Today, where the Sensex rose by about 295.93 points, closed at the level of 57420.24 points. On the other hand, Nifty closed at 17086.30 with a gain of 82.50 points.
Rupee opens 13 paise stronger against dollarRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 13 paise at Rs 75.15 against the dollar. At the same time, on Friday, the rupee strengthened by 22 paise to close at Rs 75.02 against the dollar.
Poor start in Sensex, falling 562 points to openToday the stock market opened with a fall. Today the BSE Sensex fell by about 561.71 points and opened at the level of 56562.60 points.
*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.