Telangana largest supplier of cotton in countryTelangana turned out to be the largest supplier of cotton and second largest supplier of paddy in the country. Union Agriculture Minister Narendra Singh Tomar informed the Lok Sabha on Tuesday that Telangana supplied about 178.55 lakh quintals of cotton and 94.48 lakh tonnes of paddy during the Kharif (Vaanakalam) Marketing Season of 2020-21.Accordingly, the State’s cotton procurement is almost double the cotton procured by Maharashtra which stood at second position with 91.98 lakh quintals. The cotton crop was sold to Cotton Corporation of India which is in addition to the crop purchased by private businessmen.Similarly, Telangana stood in second position in terms of paddy procurement with 94.48 lakh tonnes for Kharif Marketing Season 2020-21. With 135.89 lakh tonnes, Punjab secured the top slot. During the Rabi (Yasangi) Marketing Season 2020-21, Punjab and Telangana have procured an estimated 132.1 lakh tonnes and 92 lakh tonnes respectively.The State had also purchased 6,743.84 tonnes of pulses during the ongoing procurement. All the crops were purchased from farmers at Minimum Support Price as part of the Centre’s Price Support Scheme aimed at eliminating middlemen and support farmers. All the payments to the farmers for their produce are made directly into their bank accounts by the concerned procuring agencies.
Cotton promises to trade above MSP as season startsThe US has slipped down the line of producers cotton prodecers due to the drought in Texas. As a result, cotton prices firmed up post December with Indian farmers being able to command prices above the government declared MSP.Cotton traders foresee a good season as a supply glut threatens to push prices up once the season starts. Pradeep Jain, founder president of Khandesh Gin/Press Owners and Traders Development Association, talked about average traded price of the lint crop touching Rs 6,500-7,000/quintal right at the start of the season.After the US, India is the second largest producer of cotton in the world, but last year, drought in Texas has seen the former slipping down the line of producers. As a result, cotton prices had firmed up post December with Indian farmers able to command prices above the government declared minimum support price (MSP) of Rs 5,515/quintal.Higher international prices had seen Indian exporters managing to send 58 lakh bales (each of 170kg) outside the country. Estimates by the industry has talked about exports touching around 65 lakh bales before the start of the 2021-22 (October-September) cotton year.Higher prices of cotton have not seen an increase in area in the current kharif. Farmers have shifted more towards soybean than cotton, and as of July 23, India reported 108.93 lakh hectares of sowing. Last year, the country had reported sowing over 118.03 lakh hectares during the same time period. Farmers have talked about better realisation in the oilseed as their reason for increasing soybean acreage at the cost of cotton and other crops.Jain said this lower area and higher international prices of both lint and seeds promise good returns for farmers. “India, which had started the 2019-20 season with over 100 lakh bales in reserve, will start the next season with 30-40 lakh bales. As of now international prices are good and if this remains, we see above MSP prices right at the start of the new marketing season,” he said.Jain’s optimism is borne by the bullish trend of Cotlook, an index, which is trading above 90 cents/pound since February this year. For the season of 2019-20, the index had averaged at 71.33 cents/pound. Low price of cotton had seen the Cotton Corporation of India reporting record procurement.In anticipation of the good prices, the Cotton Association of India had urged its members to take measures to increase area. But the figures show most farmers have gone for soybean rather than cotton in the country.
Indian textile exports become noncompetitive as domestic cotton prices increase 6% in Julyhe South Indian Mills Association (SIMA) has said that the steep rise in cotton prices in the domestic markets has made Indian textile exports uncompetitive.SIMA has demanded removal of 10% duty on import of cotton as the prices in the domestic markets increased 6% in July."The downstream exporting sectors, garments and made-ups segments, are finding it difficult to meet their export commitments due to the disruptions caused by lockdowns, shortage of workers and high logistics costs. In this scenario, the steep increase in Indian cotton prices has further destabilized the Industry and is making our exporters uncompetitive. The recent hike in price of Rs.3800/- per candy (355 kgs) of cotton in a span of 15 days by Cotton Corporation of India (CCI) and the 10% import duty levied in the Union Budget 2021-22 on cotton has enabled the trade to increase prices abnormally and this trend is continuing. Such steep increases are a severe blow for the entire cotton textile value chain," said a release from SIMA.Ashwin Chandran, Chairman, SIMA said, "The cotton prices have been increasing rapidly since January 2021 and skyrocketed during the current month. “CCI has increased the cotton price from Rs.51,000/- to Rs.54,800/- per candy of 355 kgs since the beginning of July which has helped fuel the market. The market price of Gujarat based Sankar-6 cotton that prevailed at Rs.43,300/- in January 2021 has increased to Rs.56,600/-, an increase of over 30%."Chandran pointed out that the steep increase in cotton prices will not only affect the industry and squeeze margins, but will also lead to higher prices in apparel and textile goods for our domestic consumers, who are already burdened by the ill-effects of the COVID-19 pandemic."There is no parity between the current cotton prices and yarn prices. This will in turn force spinning mills to increase yarn prices in the coming period to avoid incurring losses. CCI had procured over 25% of the Indian cotton crop under Minimum Support Price operations. The cost of this procurement would work out to Rs.43,000 per candy. The current selling price is abnormally high. Even if the carrying costs and reasonable profit margins are taken into account, CCI could have maintained prices at a reasonable level of around Rs. 48,000 per candy to maintain stability. Though CCI offered a three months lock-in period for bulk purchase, most of the spinning mills could not derive advantage from this due to the liquidity crunch and uncertainties in prices while the multinational cotton traders could take full advantage with hedging facilities and cheaper funds. They have purchased the major volume of CCI cotton at lower prices," claimed Chandran.“Taking advantage of the 10% import duty levied on cotton, the trade has encouraged price speculation and the domestic prices in certain varieties such as ELS cotton has already exceeded the international price making our industry uncompetitive” alleged SIMA Chairman.According to SIMA, though the Committee on Cotton Production and Consumption in its meeting held on April 30 had estimated 288 lakh bales as the mill consumption and 119 lakh bales as the closing stock for the current cotton season presuming normal functioning of the mills after the first wave of COVID-19, the second wave lockdown restrictions especially in States like Tamilnadu brought the industry to a grinding halt for more than a month and consumption might drop by 15 to 20 lakh bales. "Withdrawing 10% import duty levied on cotton will help change the market sentiments and avoid further damage to the cotton textile value chain. Since the industry imports only around 11 to 12 lakhs annually (less than 4% of annual consumption) that too the cotton varieties not grown in India, the import duty does not help the Indian cotton farmers and is a big hindrance to the Indian Textile and Clothing Industry," said Chaindran."
Panipat thread is becoming an alternative to jute, does not harm the environment, 15 new units installed.PANIPAT - Jute is becoming costlier and yarn is becoming an alternative to save it from the damage caused to the environment. Cotton yarn made in Panipat is being used in place of jute rope and twine. With the increase in the use of thread in twine and rope, the demand is also increasing.Entrepreneurs making open end yarn say that the export of yarn made here has also started. Due to the formation of color thread, the environment is not harmed by the dyeing chemical. In view of the increasing demand for yarn, new units have also started coming up. Preparations are on to set up 15-20 plants. Some entrepreneurs who set up a mink blanket plant, replaced the mink blanket with open end (thread making) industries.Production of 30 lakh kg of threadPanipat produces 30 lakh kg of yarn daily. 70 units of thread are engaged. Most of the thread is made from waste by mixing cotton and kamber. The consumption of thread is high in export. Due to good export orders, the demand for yarn is going well.Fine count startedEarlier only chorus count was made in Panipat, now 20 count fine has also started being made. Fine count is being exported.Yarn consumption increased due to the creation of textile hub.Panipat has become the hub of home furnishing. The consumption of the domestic industry is also increasing continuously. As a raw material in textile, only thread is used in the warp. Due to the continuous increase in the demand for yarn, the focus of the mills located in other states has been focused on the market of Panipat. Now the consumption of polyester yarn is also increasing. The consumption of polyester yarn also increased due to the production of mink, polar, 3D sheet in Panipat.Government should promote yarn industryExporter Brijesh Garg, Dinesh Bansal say that the government should come forward to promote the yarn industry. The yarn used in the industries here can be produced in Panipat. The government should set up a mill to make polyester thread. This will give employment to the people of the state. Textile industry will get cheaper yarn.
Sluggish business activity on cotton marketThe local cotton market on Friday remained stable and trading volume remained low. Market sources told that trading activity started in the local cotton market but trading activity will fully resume from Monday.Cotton Analyst Naseem Usman told Business Recorder the rate of cotton in Sindh is in between Rs 12500 Rs 12800 per maund. The rate of cotton in Punjab is in between Rs 13200 to Rs 13500 per maund.The rate of new crop of Phutti in Sindh was in between Rs 4700 to Rs 5400 per 40 kg. The rate of Phutti in Punjab is in between Rs 5200 to Rs 5700 per 40 kg. The rate of Banola in Sindh is in between Rs 1500 to Rs 1700 per maund. The rate of Banola in Punjab is in between Rs 1700 to Rs 1900 per maund. The rate of cotton in Balochistan is Rs 12900-13000 per maund. The rate of Phutti in Balochistan is in between Rs 5200 to RS 5700 per maund.Cotton Cooperation of India has increased the prices by Rs 500 per candy. The Spot Rate remained unchanged at Rs 12700 per maund. The Polyester Fiber was available at Rs 213 per kg.
All India Weather Forecast for July 24, 2021Countrywise weather systemsAn offshore trough is extending from South Gujarat Coast to Kerala Coast.Another Cyclonic Circulation is persisting over Western parts of Uttar Pradesh.Weather movement across the country during the last 24 hoursDuring the last 24 hours, Coastal Odisha, Coastal Karnataka and South Madhya Maharashtra experienced moderate to heavy rain with very heavy rainfall at 1-2 places.Light to moderate rain with isolated heavy falls occurred over the hills of Chhattisgarh, Coastal Andhra Pradesh, Telangana, Vidarbha, Madhya Pradesh, isolated parts of southeast Rajasthan, Uttarakhand and Tamil Nadu.Light to moderate rain occurred over Himachal Pradesh, East Rajasthan, West and Central Uttar Pradesh, West Bengal, Northeast India, Kerala, Andaman and Nicobar Islands and Sikkim.Light rain occurred in West Rajasthan, Jammu and Kashmir, Ladakh, Bihar, Jharkhand, Rayalaseema, Lakshadweep and Tamil Nadu.Possible weather activity during next 24 hoursDuring the next 24 hours, light to moderate rain at isolated places over Coastal Karnataka, Konkan & Goa, Gujarat region, Madhya Pradesh, parts of Chhattisgarh, isolated parts of Kerala, some parts of Uttarakhand and South-East Rajasthan. With this there is a possibility of heavy rain at some places.Light to moderate rain with isolated heavy rain is likely over Kutch, Western parts of Rajasthan, Vidarbha, Marathwada, Odisha, West Bengal, parts of Jharkhand, Sikkim and Northeast India.Light to moderate rain is very likely over Himachal Pradesh, Uttar Pradesh, Telangana, Interior Karnataka, Coastal Andhra Pradesh and Andaman and Nicobar Islands. SiS Commited to update you on all textile related news real time.
The market has started on a strong note in the pre-opening.* Sensex is seen at the level of 53119.07 with a gain of 281.86 points or 0.53 percent.* On the other hand, Nifty is seen at the level of 15855.30 with a strength of 31.30 points or 0.20 percent.US signal positive, SGX NIFTY flatGlobal signals are looking positive on the last day of the week. The US markets closed on the rise for the third consecutive day yesterday. DOW FUTURES has gained 60 points but SGX is trading flat in NIFTY. NIKKEI is still closed in Japan due to The Eve Of Sports Day.Due to rain, the Meteorological Department has issued a red alert for Maharashtra and Telangana. The city of Chiplun is submerged in water due to heavy rains. PM Modi talked to CM Uddhav and assured all possible help.
Weakness in rupee, lost 10 paise to open at 74.56Weakness is being seen in the rupee. Rupee weakened by 10 paise to open at 74.56 level against dollar today.On the other hand, the rupee had strengthened by 16 paise today and closed at 74.46 against the dollar in Thursday's trade.
IMD predicts heavy rainfall in several areas of TelanganaThe India Meteorological Department (IMD) on Friday has predicted heavy rainfall in twelve districts of Telangana. "Red alert in three districts including Kumuram Bheem, Jagtial, Warangal, and Orange alert in nine districts of the state," the IMD said.
Today evening, the rupee strengthened by 16 paise to close at Rs 74.46 against the dollar.Sensex closed up by 639 pointsToday the stock market closed with a lot of momentum. Today, where the Sensex closed at the level of 52837.21 points with a gain of about 638.70 points. At the same time, the Nifty closed at the level of 15824.00 points with a gain of 191.90 points.
U.S. EXPORT SALES FOR WEEK ENDING 15/07/2021 Cotton: Net sales of 40,000 RB for 2020/2021 were up 16 percent from the previous week, but down 22 percent from the prior 4-week average. Increases primarily for Turkey (15,700 RB, including 500 RB switched from Vietnam and decreases of 600 RB), China (13,200 RB, including 4,100 RB switched from Hong Kong), Pakistan (4,600 RB, including 600 RB switched from Vietnam and 5,100 RB - late), Indonesia (3,700 RB, including 1,100 RB switched from Thailand, 1,000 RB from Vietnam, 900 RB from Pakistan, 700 RB from Japan, and decreases of 1,300 RB), and Vietnam (2,600 RB), were offset by reductions primarily for Hong Kong (4,100 RB) and Mexico (1,000 RB). For 2021/2022, net sales of 251,900 RB primarily for Turkey (100,500 RB), Pakistan (73,500 RB), Vietnam (36,300 RB), Mexico (24,500 RB), and China (13,900 RB), were offset by reductions primarily for the Philippines (2,600 RB) and Japan (2,100 RB). Exports of 246,100 RB were up 32 percent from the previous week and 2 percent from the prior 4-week average. Exports were primarily to Vietnam (55,700 RB), Turkey (42,300 RB), Mexico (29,700 RB), Pakistan (24,300 RB, including 5,100 RB - late), and China (22,200 RB). Net sales of Pima totaling 3,400 RB were down 42 percent from the previous week and 39 percent from the prior 4-week average. Increases were reported for China (1,300 RB), Italy (1,100 RB), and India (1,000 RB, including decreases of 100 RB). For 2021/2022, net sales of 900 RB were reported for Taiwan (400 RB), Bangladesh (400 RB), and Japan (100 RB). Exports of 10,400 RB were up noticeably from the previous week, but down 13 percent from the prior 4-week average. The destinations were primarily to India (4,500 RB), China (2,700 RB), Egypt (900 RB), Thailand (900 RB), and Honduras (900 RB). Exports for Own Account: For 2020/2021, the current exports for own account outstanding balance of 5,700 RB is for China (4,700 RB) and Vietnam (1,000 RB).Late Reporting: For 2020/2021, net sales and exports totaling 5,100 RB of upland cotton were reported late for Pakistan.
Rupee gains, gains 19 paise and opens at 74.43 levelLike the equity market, the rupee has made a strong start today. Rupee today opened with a gain of 19 paise against the dollar. The rupee has opened at 74.43 against the dollar.However, on Tuesday, July 20, the rupee strengthened by 25 paise to close at 74.62 against the dollar.
The market has got off to a strong start in the pre-opening.* Sensex is trading at the level of 52344.75 with a gain of 146.25 points or 0.28 percent.* Nifty is seen at the level of 15705.10 with a strength of 73 points or 0.47 percent.US markets showed strength, SGX NIFTY rose 150 points* US markets have shown strength. DOW has jumped over 800 points in 2 days.* SGX NIFTY is also witnessing a strong uptrend of 100 points.* Asia has a positive start.However, due to MARINE DAY, the Japanese market NIKKEI is closed today.*Crude rises, Brent crosses $72*Asharp recovery in crude prices will again increase the beat of the Indian market. Brent jumped 4 percent and crossed $72. Despite the increase in reserves in America, there is a jump in the prices
All India Weather Forecast for July 22, 2021Seasonal system made across the countryAnother Cyclonic Circulation is persisting over Central parts of Uttar Pradesh.A cyclonic circulation can be seen over Southwest Rajasthan and adjoining parts of Pakistan.An Offshore Trough is extending from Coast of Maharashtra to Coast of Karnataka.Weather movement across the country during the last 24 hoursLight to moderate rain over Konkan & Goa, parts of Madhya Pradesh, Uttar Pradesh, Delhi NCR, North and East parts of Punjab, West Bengal, Sikkim, Assam, parts of Andhra Pradesh and parts of Telangana during last 24 hours With this, there has been heavy rain at some places.Western Himalayas, Andaman and Nicobar Islands, Coastal Karnataka, parts of Kerala, Coastal Andhra Pradesh, Interior Karnataka, Vidarbha, Marathwada, Madhya Maharashtra, Gujarat region, Bihar, West Bengal, Jharkhand, Interior Odisha, parts of Chhattisgarh and Haryana There was light to moderate rain.Light rain occurred over Lakshadweep, Tamil Nadu, Rayalaseema, rest of Northeast India, Saurashtra and Kutch, Rajasthan and West Madhya Pradesh.Possible weather activity during next 24 hoursDuring the next 24 hours, light to moderate rain at parts of Uttar Pradesh, Konkan & Goa, Coastal Karnataka, parts of Madhya Pradesh, Vidarbha, Marathwada, parts of Telangana, parts of Chhattisgarh, Sub-Himalayan West Bengal, Sikkim and Odisha Isolated to moderate rain with heavy rain is likely at a few places. .Light to moderate rain with isolated heavy rain is likely over Bihar, Jharkhand, Gangetic West Bengal, Interior Odisha, parts of Punjab, Western Himalayas, South Gujarat and North Interior Karnataka.Moderate rain with isolated rain is likely over Gujarat region, North and East Rajasthan, parts of Haryana, Delhi, South Interior Karnataka, Rayalaseema and Coastal Andhra Pradesh.Light rain is possible over Saurashtra and western parts of Kutch in Rajasthan, Tamil Nadu and Lakshadweep.
Monitor cotton crop for whitefly, pink bollworm attack: PAUEntomology expert at the PAU Dr Vijay Kumar said the crop has reached the stage where the attack is apprehended. “According to a survey conducted by the university, so far whitefly population in cotton has not reached economic threshold level (ETL), so the farmers need not fear,” he added.This kharif season cotton is grown over 3.11 lakh hectares in the state, particularly the districts of south-west Punjab. “Some insects of pink bollworm and whitelfly were noticed in the fields of Bathinda and Mansa districts but there is no fear so far, but the farmers should be alert,” suggested director agriculture SS Sidhu.Last year, cotton was grown over 2.51 lakh hectares in the state. It needs mention that 99% of cotton is BT variety and is resistant to American bollworm and tobacco bollworm but not to whitefly and pink bollworm.
All India Weather Forecast for July 21, 2021Weather systems made across the countryThe Monsoon Trough is passing through Ganganagar, Narnaul, Gwalior, Churk, Gaya, Behrampur and then towards Manipur.An offshore trough is extending from Maharashtra Coast to Karnataka Coast.Another Cyclonic Circulation is persisting over South Gujarat.A Cyclonic Circulation is persisting over Assam and adjoining region.A trough is extending from Central parts of Uttar Pradesh to Telangana via East Madhya Pradesh and Vidarbha.Weather movement across the country during the last 24 hoursDuring the last 24 hours, moderate to heavy rains occurred over Konkan and Goa, Andaman and Nicobar Islands.Light to moderate rain at isolated places over Coastal Karnataka, Konkan & Goa, East Rajasthan, Delhi NCR, parts of Haryana, parts of Punjab, West Uttar Pradesh, West Madhya Pradesh, and parts of Jharkhand and parts of Meghalaya But it rained heavily. .Light to moderate rain occurred over Ladakh, Interior Karnataka, Coastal Andhra Pradesh, parts of North Coastal Tamil Nadu and Gujarat region.Light rain occurred over Southwest Rajasthan, Saurashtra and Kutch, Madhya Maharashtra, Marathwada, Telangana, Rayalaseema, Lakshadweep and rest of Northeast India.Possible weather activity during next 24 hoursDuring the next 24 hours, isolated light to moderate rain at isolated places over West Uttar Pradesh, parts of Punjab, West Bengal, Konkan & Goa, Coastal Karnataka, Andaman & Nicobar Islands, Odisha, Madhya Pradesh and Chhattisgarh Heavy rain is possible.Light to moderate rain with isolated heavy spells may occur at one or two places over Jammu and Kashmir, Himachal Pradesh, Uttarakhand, Delhi, Bihar, Jharkhand, Vidarbha, Marathwada, East Rajasthan and South Gujarat.Light to moderate rain may occur over parts of Haryana, Telangana, Saurashtra and Kutch, East Uttar Pradesh and Coastal Andhra Pradesh.Light rain is possible over Interior Karnataka, Tamil Nadu, Lakshadweep and western parts of Rajasthan.
Today evening, the rupee strengthened by 26 paise to close at 74.62 against the dollar.Sensex again fell, 355 points closed and closedToday the stock market closed with a huge fall. Today, where the Sensex closed at the level of 52198.51 points, down by about 354.89 points. On the other hand, Nifty closed at the level of 15632.10 points down by 120.30 points.
Weakness in the rupee, the rupee opened at 74.95, down 8 paiseLike the equity market, the rupee has also started with a weakness. Rupee has opened weak against the dollar by 8 paise today. The rupee has opened at 74.95 against the dollar.On the other hand, the rupee weakened by 32 paise to close at 74.88 in yesterday's trade.
Market has got off to a weak start in pre-opening. Sensex is trading at a level of 52409.29 with a fall of 144.11 points or 0.27 percent, while Nifty is down 5.20 points or 0.03 percent at the level of 15747.20.Biggest fall in US since OctoberThe US markets saw the biggest fall since October. DOW JONES slipped by 700 points but today DOW FUTURES is seeing a good recovery from the lower levels and it has jumped around 150 points. Asia has also improved after a weak start. However, slight weakness is being seen in SGX NIFTY.Crude down 7%, Brent near $69There has been a sharp decline in crude due to increased supply and fear of falling demand due to Kovid. Brent fell 7 percent to near $ 69.
PAKISTAN COTTON MARKET UPDATETrading volume slows ahead of holidaysThe local cotton market on Monday remained stable and trading volume remained low. Cotton Analyst Naseem Usman told Business Recorder the rate of cotton in Sindh is in between Rs 12500 Rs 12700 per maund. The rate of cotton in Punjab is in between Rs 13300 to Rs 13500 per maund.The rate of new crop of Phutti in Sindh was in between Rs 5200 to Rs 5300 per 40 kg. The rate of Phutti in Punjab is in between Rs 5500 to Rs 6600 per 40 Kg. The rate of Banola in Sindh is in between Rs 1700 to Rs 1800 per maund. The rate of Banola in Punjab is in between Rs 1900 to Rs 2000 per maund. The rate of cotton in Balochistan is Rs 12900-13000 per maund. The rate of Phutti in Balochistan is in between Rs 5600 to RS 5700 per maund.1000 bales of Tando Adam, 1400 bales of Shahdad Pur were sold at Rs 12400 to Rs 12800 per maund, 1400 bales of Sanghar were sold in between Rs 12400 to Rs 12600 per maund, 400 bales of Mir Pur Khas were sold in between Rs 12400 to Rs 12500 per maund, 400 bales of Hyderabad were sold at Rs 2400 per maund, 600 bales of Chichawatni, 200 bales of Mungi Bangla, 200 bales of Samundri and 200 bales of Haroonabad were sold at Rs 13500 per maund.The sowing of cotton crop in Punjab is on final stages, where as sowing in Sindh has almost been completed.Cotton Cooperation of India has increased the prices by Rs 500 per candy. The Spot Rate remained unchanged at Rs 12700 per maund. The Polyester Fiber was available at Rs 213 per kg.