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 73.43 against the dollar. At the same time, the rupee on Thursday closed at Rs 73.49 with a gain of 19 paise against the dollar.Sensex opened at record level with a gain of pointsToday the stock market opened at a record level. Today the BSE Sensex rose by about 80.46 points to open at a record level of 58803.66 points. On the other hand, the Nifty of NSE opened at a record level of 17547.30 points with a gain of 27.80 points.
Today evening, the rupee strengthened by 19 paise to close at Rs 73.49 against the dollar.Sensex sets new record of uptrend, increases by 476 pointsToday the stock market closed at a record level with a boom. Today, where the Sensex closed at a record level of 58723.20 points with a gain of about 476.11 points. On the other hand, the Nifty closed at a record level of 17519.50 with a gain of 139.50 points.
Cotton harvest likely to be delayed amid flooding in Saurashtra region in GujaratHeavy rains impact moong, urad, sesame and groundnut crops prospectsThe latest spell of heavy rains in Gujarat may appear to have saved the State from sinking into a drought, but for the current kharif crops such as cotton, it has pushed back the harvest period by at least 15 days and also weakened the prospects of kharif groundnut due to waterlogging.Incessant rains, which started on Sunday and lasted till Tuesday morning in most parts of the Saurashtra region, has left the rivers swollen and fields flooded. “Early sown groundnut was ready for harvest. And in such water-logging, it will surely rot. Some of the late-sown groundnut won’t be much impacted,” said Ramesh Bhoraniya, a farmer from Rajkot.He also expressed concerns about the rains pushing back the first picking for the cotton crop. “The cotton bolls didn’t get a chance to open up. So, we don’t see that happening unless we have enough heat and sunlight. So, there will be a delay in first picking,” he said.Saurashtra has about 15.58 lakh hectares under cotton – about 70 per cent of the State’s total cotton area of 22.51 lakh hectares. For Groundnut too, Saurashtra has about 80 per cent or 15.34 lakh hectares of State’s total 19.09 lakh hectares.According to farmer sources, short-duration crops such as moong and urad were ready for harvest and may have faced the monsoon fury. The two pulses have an area of about 16,000 hectares and 29,200 hectares respectively. The two crops had seen encouraging sowing with urad cultivation up 50 per cent over last year and Moong area up by about 4 per cent.Also, another concern is for the sesame-seed crop. Saurashtra commands largest area in the State for sesame-seed cultivation at 50,500 hectares. “Sesame seed were ready for harvest. And the flooding would spoil the crop,” said another farmer.The Gujarat government will conduct a survey for the crop damage. Total kharif sowing in the State has reached 82.83 lakh hectares, which is about 3 per cent lower than last year’s 85.11 lakh hectares. Both the major kharif crops Groundnut and cotton area has dropped marginally as compared to last year owing to delayed monsoon
Rupee opens 1 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 1 paise at Rs 73.67 against the dollar. At the same time, on Tuesday, the rupee closed at a level of Rs 73.68 with a weakness of 1 paise against the dollar.Sensex rises again, opens up 105 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 105.27 points to open at the level of 58352.36 points. On the other hand, the Nifty of NSE opened with a gain of 21.30 points at the level of 17401.30 points.
Cotton Corporation India, Navi Mumbai NotificationAppeal to Cotton BuyersCCI is extending attractive lifting period of 90 days on buying of just 5000 bales for MSME mills category, 10,000 bales for other spinning mills and 50,000 bales for Cotton Traders. The benefit of the scheme is available upto 30th September 2021. Therefore our esteemed buyers are advised to plan their purchases accordingly.
All India Weather Forecast for September 15, 2021Countrywide weather systemsDepression remains over Interior Chhattisgarh and adjoining parts of Madhya Pradesh. It will move in a west-northwest direction and may weaken into a rail track low pressure area. A low pressure area remains over Gujarat. The associated cyclonic circulation is up to 5.8 above mean sea level.Weather movement across the country during the last 24 hoursDuring the last 24 hours, Monsoon remained vigorous over Gujarat and Odisha. These states received very heavy rains with moderate to heavy rains. Light to moderate rain occurred at isolated places over Chhattisgarh, parts of Madhya Pradesh, Konkan and Goa, Madhya Maharashtra, parts of Uttarakhand and Haryana and West Assam. Light to moderate rain occurred over Himachal Pradesh, Jammu and Kashmir, Punjab, remaining parts of Haryana, Bihar, West Bengal, remaining parts of Chhattisgarh, parts of Rajasthan, Marathwada, Karnataka, Kerala, Andaman and Nicobar Islands and parts of Telangana. .Light rain occurred at isolated places over West Rajasthan, Northeast India, Andhra Pradesh, Lakshadweep, Uttar Pradesh, Bihar and Tamil Nadu.Possible weather activity during next 24 hoursDuring the next 24 hours, light to moderate rain with isolated heavy falls very likely over parts of Odisha, Chhattisgarh, Madhya Pradesh, Gujarat, southeast Rajasthan, Andaman & Nicobar Islands and parts of Uttar Pradesh. Light to moderate rain is likely over West Bengal, Jharkhand, Konkan & Goa, parts of Vidarbha, isolated parts of Telangana, Coastal Karnataka, Kerala, parts of Uttarakhand, Sikkim and Coastal Andhra Pradesh.One or two moderate rains may occur over remaining parts of Himachal Pradesh, Jammu and Kashmir, Interior Karnataka, Lakshadweep, Delhi, Haryana, Punjab, Bihar and Rajasthan.
Today evening the rupee closed at Rs 73.68 with a weakness of 1 paise against the dollar.Sensex rises 69 points to closeToday the stock market closed sharply. Today, where the Sensex closed at the level of 58247.09 points with a gain of about 69.33 points. On the other hand, Nifty closed at the level of 17380.00 points with a gain of 24.70 points.
Rupee opens 5 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 5 paise at Rs 73.62 against the dollar. At the same time, on Monday, the rupee closed at Rs 73.67 with a weakness of 17 paise against the dollar.Sensex rises again, opens up 250 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 249.89 points to open at the level of 58427.65 points. On the other hand, the Nifty of NSE opened with a gain of 54.70 points at the level of 17410.00 points.
PAKISTAN COTTON MARKET UPDATEOfficial spot rate recovers slightlyThe Spot Rate Committee of the Karachi Cotton Association on Monday increased the spot rate by Rs 100 per maund and closed it at Rs 13200 per maund.The local cotton market remained stable and the volume remained satisfactory.The Spot Rate Committee of the Karachi Cotton Association on Monday increased the spot rate by Rs 100 per maund and closed it at Rs 13200 per maund. The Polyester Fiber was available at Rs 222 per kg.Cotton Analyst Naseem Usman told Business Recorder that the reason behind downward trend in the rate of cotton is rains in the cotton growing areas of Sindh and Punjab due which the supply of Phutti was effected. Second reason is the arrival of imported cotton and liquidity crunch.The rate of cotton in Sindh is in between Rs 12300 to Rs 13400 per maund and the rate of cotton in Punjab is in between Rs 13300 to Rs 13500 per maund.The rate of the new crop of Phutti in Sindh was in between Rs 4500 to Rs 5800 per 40 kg. The rate of Phutti in Punjab is in between Rs 5300 to Rs 5800 per 40 kg. The rate of Banola in Sindh is in between Rs 1450 to Rs 1800 per maund.The rate of Banola in Punjab is in between Rs 1650 to Rs 1800 per maund. The rate of cotton in Balochistan is in between Rs 13100- 13200 per maund. The rate of Phutti in Balochistan is Rs 6000- 6600 per maund.
ICE COTTON SUMMARYICE Cotton slips post WASDE production hikeICE cotton futures eased on Monday, pressured by a stronger dollar, as traders continued to assess a projected increase in output in the US Department of Agriculture’s (USDA) September supply and demand report.“The market is still digesting Friday’s report and today, the increase in production, up from August’ s surprise cut, is weighing, as the USDA made adjustments on planting numbers from earlier in the season,” Bailey Thomen, cotton risk management associate at StoneX Group said.In its September World Agricultural Supply and Demand Estimates (WASDE) report, the USDA projected US production at 18.5 million bales, 1.2 million bales higher than the previous month.The market will pay close attention to how production pans out until season-end, as well as adverse weather events and changes in the global consumption picture, especially for China, Thomen said.Tropical storm Nicholas, now about 140 miles (225 km) south of Port O’Connor in Texas with maximum wind speeds of 60 miles per hour, is forecast to reach the northwest Gulf coast as a hurricane. * The dollar index rose on Monday, making cotton more expensive for buyers holding other currencies.Total futures market volume fell by 19,680 to 13,022 lots. Data showed total open interest gained 289 to 273,007 contracts in the previous session.Market focus will also be on a weekly crop progress report from the USDA due later on Monday.
All India Weather Forecast for September 14, 2021Countrywide weather systemsA Deep Depression has formed over Northwest Bay of Bengal and adjoining Odisha coast and was near 20.5 degree north latitude and 86.9 east longitude at 5:30 pm today.It is very likely to move west-northwestwards from Odisha and Chhattisgarh towards Madhya Pradesh during next 48 hours. And tomorrow by September 14, weakening can turn into a depression. The low pressure area is now over South Gujarat region and the associated cyclonic circulation is extending up to 5.8 km above mean sea level and is moving towards southwest with elevation. A trough extends from a cyclonic circulation associated with a low pressure area over Gujarat to a deep depression over Odisha coast passing through Gujarat, Madhya Pradesh and Chhattisgarh.Weather movement across the country during the last 24 hoursDuring the last 24 hours, Monsoon was vigorous over Odisha and Odisha received one or two heavy spells of rain with moderate to heavy rains. Active Monsoon conditions were observed over Gujarat and Konkan and Goa as these areas received light to moderate rains with some heavy to very heavy rains. Light to moderate rain occurred at isolated places over Kerala, Coastal Karnataka, South Interior Karnataka, South-East Madhya Pradesh, Vidarbha and Jammu and Kashmir and Himachal Pradesh. Light to moderate rain occurred over Chhattisgarh, Punjab, Haryana, Rajasthan, remaining parts of Madhya Pradesh, Bihar, Jharkhand, parts of Uttar Pradesh, Chhattisgarh, Gangetic West Bengal, Andaman and Nicobar Islands and Coastal Andhra Pradesh. Light rain occurred over western parts of Rajasthan, Uttarakhand, Delhi, Madhya Maharashtra, Marathwada, Telangana, Sub-Himalayan West Bengal, Sikkim, Northeast India and isolaसम्पूर्ण भारत का सितम्बर 14, 2021 का मौसम पूर्वानुमानदेश भर में बने मौसमी सिस्टमबंगाल की उत्तर पश्चिमी खाड़ी और उससे सटे ओडिशा तट पर डीप डिप्रेशन बन गया है और आज 5:30 बजे यह 20.5 डिग्री उत्तर अक्षांश और 86.9 पूर्व देशांतर के करीब था।अगले 48 घंटों के दौरान इसके पश्चिम उत्तर-पश्चिम दिशा में ओडिशा और छत्तीसगढ़ से मध्य प्रदेश की ओर बढ़ने की उम्मीद है। और कल 14 सितंबर तक कमजोर होकर डिप्रेशन में बदल सकता है। कम दबाव का क्षेत्र अब दक्षिण गुजरात क्षेत्र के ऊपर है और संबंधित चक्रवाती परिसंचरण औसत समुद्र तल से 5.8 किमी ऊपर तक फैला हुआ है और ऊंचाई के साथ दक्षिण-पश्चिम की ओर झुक रहा है। एक ट्रफ रेखा गुजरात के ऊपर कम दबाव के क्षेत्र से जुड़े चक्रवाती परिसंचरण से लेकर गुजरात, मध्य प्रदेश और छत्तीसगढ़ से गुजरते हुए ओडिशा तट पर गहरे दबाव से जुड़े चक्रवाती परिसंचरण तक फैली हुई है।पिछले 24 घंटों के दौरान देश भर में हुई मौसमी हलचलपिछले 24 घंटों के दौरान, ओडिशा में मॉनसून जोरदार था और ओडिशा में मध्यम से भारी बारिश के साथ एक या दो बार भारी बारिश हुई। गुजरात और कोंकण और गोवा में सक्रिय मॉनसून की स्थिति देखी गई क्योंकि इन क्षेत्रों में हल्की से मध्यम बारिश हुई और कुछ भारी से बहुत भारी बारिश हुई। केरल, तटीय कर्नाटक, दक्षिण आंतरिक कर्नाटक, दक्षिण-पूर्व मध्य प्रदेश, विदर्भ और जम्मू-कश्मीर और हिमाचल प्रदेश के अलग-अलग हिस्सों में हल्की से मध्यम बारिश के साथ कुछ स्थानों पर भारी बारिश हुई। छत्तीसगढ़ पंजाब, हरियाणा, राजस्थान, मध्य प्रदेश के शेष हिस्से, बिहार, झारखंड, उत्तर प्रदेश के कुछ हिस्सों, छत्तीसगढ़, गंगीय पश्चिम बंगाल, अंडमान और निकोबार द्वीप समूह और तटीय आंध्र प्रदेश में हल्की से मध्यम बारिश हुई। राजस्थान के पश्चिमी हिस्सों, उत्तराखंड, दिल्ली, मध्य महाराष्ट्र, मराठवाड़ा, तेलंगाना, उप-हिमालयी पश्चिम बंगाल, सिक्किम, पूर्वोत्तर भारत और तमिलनाडु और लक्षद्वीप के अलग-अलग हिस्सों में हल्की बारिश हुई।अगले 24 घंटों के दौरान मौसम की संभावित गतिविधिअगले 24 घंटों के दौरान, ओडिशा और पूर्वी गुजरात के कुछ हिस्सों में मध्यम से भारी बारिश के साथ एक दो स्थानों पर अति भारी बारिश की संभावना है छत्तीसगढ़, मध्य प्रदेश, सौराष्ट्र और कच्छ, दक्षिण-पूर्वी राजस्थान, अंडमान और निकोबार द्वीप समूह, अलग-अलग हिस्सों विदर्भ और कोंकण और गोवा के कुछ हिस्सों में हल्की से मध्यम बारिश के साथ एक दो स्थानों पर भारी बारिश हो सकती है। पश्चिम बंगाल, झारखंड के कुछ हिस्सों, बिहार, हरियाणा, हिमाचल प्रदेश, उत्तराखंड, जम्मू-कश्मीर, तटीय कर्नाटक, केरल, मराठवाड़ा, पूर्वी राजस्थान और उत्तर प्रदेश के कुछ हिस्सों में हल्की से मध्यम बारिश हो सकती है। पंजाब, दिल्ली, पूर्वोत्तर भारत, तेलंगाना के सिक्किम भागों, आंध्र प्रदेश, लक्षद्वीप और तमिलनाडु के अलग-अलग हिस्सों और आंतरिक कर्नाटक में हल्की बारिश हो सकती है।All India Weather Forecast for September 14, 2021Countrywide weather systemsA Deep Depression has formed over Northwest Bay of Bengal and adjoining Odisha coast and was near 20.5 degree north latitude and 86.9 east longitude at 5:30 pm today.It is very likely to move west-northwestwards from Odisha and Chhattisgarh towards Madhya Pradesh during next 48 hours. And tomorrow by September 14, weakening can turn into a depression. The low pressure area is now over South Gujarat region and the associated cyclonic circulation is extending up to 5.8 km above mean sea level and is moving towards southwest with elevation. A trough extends from a cyclonic circulation associated with a low pressure area over Gujarat to a deep depression over Odisha coast passing through Gujarat, Madhya Pradesh and Chhattisgarh.Weather movement across the country during the last 24 hoursDuring the last 24 hours, Monsoon was vigorous over Odisha and Odisha received one or two heavy spells of rain with moderate to heavy rains. Active Monsoon conditions were observed over Gujarat and Konkan and Goa as these areas received light to moderate rains with some heavy to very heavy rains. Light to moderate rain occurred at isolated places over Kerala, Coastal Karnataka, South Interior Karnataka, South-East Madhya Pradesh, Vidarbha and Jammu and Kashmir and Himachal Pradesh. Light to moderate rain occurred over Chhattisgarh, Punjab, Haryana, Rajasthan, remaining parts of Madhya Pradesh, Bihar, Jharkhand, parts of Uttar Pradesh, Chhattisgarh, Gangetic West Bengal, Andaman and Nicobar Islands and Coastal Andhra Pradesh. Light rain occurred over western parts of Rajasthan, Uttarakhand, Delhi, Madhya Maharashtra, Marathwada, Telangana, Sub-Himalayan West Bengal, Sikkim, Northeast India and isolated parts of Tamil Nadu and Lakshadweep.Possible weather activity during next 24 hoursDuring the next 24 hours, very heavy to very heavy rain with isolated heavy falls very likely over parts of Odisha and East Gujarat Chhattisgarh, Madhya Pradesh, Saurashtra and Kutch, South-East Rajasthan, Andaman and Nicobar Islands, Light to moderate rain with isolated heavy falls at isolated parts of Vidarbha and Konkan and Goa may occur at one or two places. Light to moderate rain may occur over West Bengal, parts of Jharkhand, Bihar, Haryana, Himachal Pradesh, Uttarakhand, Jammu and Kashmir, Coastal Karnataka, Kerala, Marathwada, East Rajasthan and parts of Uttar Pradesh. Light rain is possible over Punjab, Delhi, Northeast India, Sikkim parts of Telangana, isolated parts of Andhra Pradesh, Lakshadweep and Tamil Nadu and Interior Karnataka.ted parts of Tamil Nadu and Lakshadweep.Possible weather activity during next 24 hoursDuring the next 24 hours, very heavy to very heavy rain with isolated heavy falls very likely over parts of Odisha and East Gujarat Chhattisgarh, Madhya Pradesh, Saurashtra and Kutch, South-East Rajasthan, Andaman and Nicobar Islands, Light to moderate rain with isolated heavy falls at isolated parts of Vidarbha and Konkan and Goa may occur at one or two places. Light to moderate rain may occur over West Bengal, parts of Jharkhand, Bihar, Haryana, Himachal Pradesh, Uttarakhand, Jammu and Kashmir, Coastal Karnataka, Kerala, Marathwada, East Rajasthan and parts of Uttar Pradesh. Light rain is possible over Punjab, Delhi, Northeast India, Sikkim parts of Telangana, isolated parts of Andhra Pradesh, Lakshadweep and Tamil Nadu and Interior Karnataka.
Today evening, the rupee depreciated by 17 paise to close at Rs 73.67 against the dollar.Sensex fell, closed down 127 pointsToday the stock market closed with a fall. Today, where the Sensex closed at a level of 58177.76 points down by about 127.31 points. On the other hand, the Nifty closed at 17355.30 with a gain of 14.00 points.
WEATHER UPDATEThe depression over the Bay of Bengal will now further intensify into a deep low pressure. Heavy rain expected in many districts of Madhya Pradesh, Chhattisgarh, Rajasthan, Gujarat, Maharashtra.
Rupee depreciates against dollar, loses 13 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 13 paise at Rs 73.63 against the dollar. At the same time, on Thursday, the rupee strengthened by 10 paise to close at Rs 73.50 against the dollar.Sensex falls, breaks 160 points openToday the stock market opened with a fall. Today the BSE Sensex fell by about 160.19 points and opened at the level of 58144.88 points. On the other hand, the Nifty of NSE opened at the level of 17319.20 points with a fall of 50.10 points.
All India Weather Forecast for September 13, 2021Countrywide weather systems The Monsoon Trough is passing through the depression center over Jaisalmer, East Rajasthan and passing through a low pressure area over Bay of Bengal to Satna, Ambikapur, Balasore and then southeastwards. A trough is extending from Northeast Arabian Sea across Gujarat to East Central Bay of Bengal.Weather movement across the country during the last 24 hoursDuring the last 24 hours, Andaman & Nicobar Islands, Odisha, parts of Gangetic West Bengal, isolated parts of Chhattisgarh, parts of Vidarbha, Madhya Maharashtra, Rajasthan, Madhya Pradesh, Delhi NCR, West Uttar Pradesh, Himachal Pradesh and Light to moderate rain occurred in some parts of Haryana with heavy rainfall at a few places. . Light to moderate rain occurred over Uttarakhand, Jammu and Kashmir, Ladakh, Coastal Karnataka, Konkan and Goa, Gujarat, Bihar, Jharkhand, Sub-Himalayan West Bengal and Sikkim.Light rain occurred at isolated places over Northeast India, Coastal Andhra Pradesh, Kerala and Tamil Nadu and Interior Karnataka.Possible weather activity during next 24 hoursDuring the next 24 hours, light to moderate rain is very likely at isolated places over East Gujarat, adjoining parts of South Rajasthan, Odisha, Chhattisgarh, Telangana, Vidarbha and Madhya Pradesh.Light to moderate rains are possible over Konkan & Goa, Coastal Karnataka and Kerala. Light to moderate rain is possible over Jammu and Kashmir, Himachal Pradesh, Uttarakhand, Delhi, Haryana, West Rajasthan, Saurashtra and Kutch, Bihar, Jharkhand, West Bengal, Northeast India, Andaman and Nicobar Islands and Marathwada.Light rain is possible over Lakshadweep, Interior Karnataka, Rayalaseema and Tamil Nadu.
Kharif: Dry weather seen dragging down cotton, groundnut outputProduction of cotton and groundnut in the current kharif season is set to drop as dry weather in the first three months of the June-September monsoon season has dragged down sowing of these crops in Gujarat, the largest producing state, while lower acreages in other states has dimmed the chances of an overall recovery.However, it might not be as bad as in kharif 2018-19, when output of cotton and groundnut had declined 15% and 29%, respectively, on-year, analysts said. Assuming the current pan-India groundnut sowing area at about 49 lakh hectare as final acreage and average yield of last season’s 1.7 tonne/hectare, the production may be about 83.3 lakh tonne in this kharif, 3% down from previous season. Of 102.1 lakh tonne of groundnut produced in 2020-21 crop year (July-June), the kharif crop had about 84% share while the remaining harvest was from rabi season. likely to release the first advance estimate of kharif crops output for 2021-22 in the third week of this month.Apart from Gujarat, groundnut acreage in other major producers like Andhra Pradesh, Rajasthan and Karnataka has also dropped from last-year’s area. Similarly, sowing area under cotton is also down (y-o-y) in Maharashtra, Telangana, Andhra Pradesh, Rajasthan, Madhya Pradesh, Karnataka and Haryana.The acreage of cotton in Gujarat has declined 1.3% to 22.5 lakh hectare and that of groundnut by 7.7% to 19.1 lakh hectare as on September 10 from their year-ago levels, official data of Gujarat show. Kharif sowing is almost over and there is little chance of improvement as per data received from all districts in the past few weeks, according to an official of the state government.The rainfall deficit in Gujarat was 50% during June-August and each month also had below normal precipitation. Some improvements were noticed in first week of September which had 98% above normal rains. The irrigated area under groundnut is only 12% and for cotton 59% in the state.“The production will definitely be lower as yield may be affected due to poor rainfall continuously for three months. However, a possible larger damage has been contained with the recent rains,” an agriculture scientist said, requesting anonymity as he did not want to be seen challenging the state government’s production estimates.“The cottonseed prices are very high even as the crop is going to arrive in less than a month. This may be either due to a robust demand or expectation of a decline in crop,” said Bavish Patel, a trader of Rajkot. There has been a shift from groundnut to soyabean after the latter’s prices exponentially increased this year, Patel said.Soyabean prices in many places in Madhya Pradesh and Maharashtra have crossed Rs 10,000/quintal this year, which is a record. This compares with all India average of Rs 3,904/quintal, marginally above minimum support price (MSP) of Rs 3,880, during key harvesting period October-December 2020.“Amid an expected lower than normal soyabean crop output for third consecutive year, the fall in groundnut production will be a temporary setback for the government’s oilseed mission. There may be several measures including import duty cut and stock holding limits to keep domestic prices from further increase,” said a former agriculture commissioner. If cotton prices go up due to fall in production, it may help increase sowing area next year and motivate paddy farmers for diversification, he added.
PAKISTAN COTTON MARKET UPDATESpot rate loses more Rs300 amid hectic tradingThe Spot Rate Committee of the Karachi Cotton Association on Friday decreased the spot rate by Rs 300 per maund and closed it at Rs 13200 per maund.The Spot Rate Committee of the Karachi Cotton Association on Friday decreased the spot rate by Rs 300 per maund and closed it at Rs 13200 per maund. The Polyester Fibre was available at Rs 222 per kg.The local cotton market remained bearish and the volume remained satisfactory. Cotton Analyst Naseem Usman Business Recorder that the reason behind downward trend in the rate of cotton is rains in the cotton growing areas of Sindh and Punjab due which the supply of Phutti was effected. Second reason is the arrival of imported Phutti and liquidity crunch.The rate of cotton in Sindh is in between Rs 12000 to Rs 13000 per maund and the rate of cotton in Punjab is in between Rs 13000 to Rs 13300 per maund.The rate of the new crop of Phutti in Sindh was in between Rs 5000 to Rs 5700 per 40 Kg. The rate of Phutti in Punjab is in between Rs 5400 to Rs 5800 per 40 Kg. The rate of Banola in Sindh is in between Rs 1550 to Rs 1650 per maund. The rate of Banola in Punjab is in between Rs 1600 to Rs 1700 per maund. The rate of cotton in Balochistan is in between Rs 12900- 13000 per maund. The rate of Phutti in Balochistan is Rs 6000- 6700 per maund.
U.S. EXPORT SALES FOR WEEK ENDING 02/09/2021Soybean Cake and Meal: Net sales of 60,700 MT for 2020/2021 were up noticeably from the previous week, but down 9 percent from the prior 4-week average. Increases primarily for Mexico (24,100 MT, including decreases of 200 MT), Malaysia (8,500 MT), Canada (6,100 MT, including decreases of 200 MT), Taiwan (5,800 MT), and the Philippines (5,200 MT), were offset by reductions primarily for unknown destinations (8,300 MT). For 2021/2022, net sales of 48,300 MT primarily for Japan (20,500 MT), the Dominican Republic (15,000 MT), Canada (9,100 MT), Colombia (8,600 MT), and Jamaica (8,000 MT), were offset by reductions primarily for unknown destinations (19,000 MT). Exports of 44,300 MT were down 77 percent from the previous week and 80 percent from the prior 4-week average. The destinations were primarily to Canada (16,700 MT), Mexico (13,100 MT), Guyana (4,200 MT), Venezuela (3,100 MT), and Burma (2,400 MT). Soybean Oil: Total net sales reductions for 2020/2021 of 1,600 MT, down noticeably from the previous week and from the prior 4-week average, were for Canada (including decreases of 1,800 MT). Total net sales for 2021/2022 of 100 MT were for Canada. Exports of 400 MT were down 91 percent from the previous week and 73 percent from the prior 4-week average. The destination was primarily to Canada (300 MT).
U.S. EXPORT SALES FOR WEEK ENDING 02/09/2021Soybeans: Net sales for the 2021/2022 marketing year, which began September 1, totaled 1,471,900 MT. Increases were primarily for China (764,000 MT), unknown destinations (453,600 MT), Mexico (79,100 MT, including decreases of 400 MT), Turkey (55,000 MT), and Egypt (55,000 MT). A total of 1,805,800 MT in sales were carried over from the 2020/2021 marketing year, which ended August 31. Exports for the period ending August 31 of 283,100 MT brought accumulated exports to 60,570,500 MT, up 35 percent from the prior year’s total of 44,934,500 MT. The primary destinations were Germany (152,200 MT), Japan (58,100 MT), Mexico (42,700 MT), Indonesia (9,200 MT), and Taiwan (8,100 MT). Exports for September 1-2 totaled 13,800 MT, with Mexico (10,500 MT), Malaysia (2,200 MT), the Philippines (600 MT), Japan (300 MT), and Indonesia (200 MT) being the destinations.Export for Own Account: For 2021/2022, new exports for own account totaling 5,800 MT were carried over from the 2020/2021 marketing year, which ended August 31. The current exports for own account outstanding balance is 5,800 MT, all Canada.Export Adjustments: Accumulated export of soybeans to the Netherlands were adjusted down 65,966 MT for week ending August 19th, and 86,200 MT for week ending August 26th. The correct destination for these shipments is Germany.
U.S. EXPORT SALES FOR WEEK ENDING 02/09/2021Cotton: Net sales of 453,000 RB for 2021/2022 primarily for China (261,500 RB, including decreases of 100 RB), Pakistan (36,500 RB), Indonesia (30,500 RB, including decreases of 100 RB), Guatemala (28,400 RB), and Turkey (25,400 RB, including decreases of 300 RB), were offset by reductions for Japan (1,100 RB) and Bangladesh (200 RB). Total net sales for 2022/2023 of 19,500 RB were for Guatemala. Exports of 155,300 RB were primarily to Vietnam (48,600 RB), China (29,100 RB), Pakistan (16,600 RB), Mexico (16,000 RB), and Turkey (14,300 RB). Net sales of Pima totaling 12,100 RB were primarily for India (5,500 RB, including decreases of 100 RB), Austria (2,600 RB), Honduras (2,200 RB), Pakistan (900 RB) and South Korea (700 RB). Exports of 12,000 RB were primarily to India (7,700 RB), Pakistan (2,200 RB), China (1,000 RB), Peru (400 RB), and Thailand (400 RB). Optional Origin Sales: For 2021/2022, the current outstanding balance of 8,800 RB is for Pakistan. Exports for Own Account: For 2021/2022, the current exports for own account outstanding balance of 4,800 RB is for China (4,700 RB) and Vietnam (100 RB).