Recent News

Cotton and Soybean Sowing Lower in Maharashtra Compared to Last YearAs of August 10, 2026, cotton and soybean sowing in Maharashtra has been lower compared to the same period last year.Cotton: Cotton has been sown across 37.86 lakh hectares so far this year. By August 11 last year, the figure stood at 38.39 lakh hectares. This indicates a shortfall of 53,835 hectares in cotton sowing this year.Oilseeds: Total oilseed sowing this year covers 49.85 lakh hectares, compared to 50.70 lakh hectares last year. This represents a decrease of 84,691 hectares in oilseed sowing.Soybean: Soybean sowing has been carried out on 48.33 lakh hectares this year, down from 49.26 lakh hectares last year. This marks a reduction of 93,320 hectares in soybean sowing.Impact of RainfallTimely and adequate rainfall is crucial for cotton and soybean crops; good rainfall promotes better crop growth.However, continuous heavy rainfall leading to water stagnation in fields can damage the crop and increase the risk of disease.Conversely, prolonged dry spells between rainfall events can lead to soil moisture depletion in rain-fed areas.Market OutlookWith cotton and soybean sowing trailing last year's figures, market attention in the coming days will focus on rainfall patterns, soil moisture levels, and the overall condition of the crops.read more :- Rupee strengthens by 7 paise against the dollar to close at 95.33

On Wednesday, the Indian rupee strengthened by 7 paise against the US dollar, closing at 95.33 per dollar.The rupee opened at the level of 95.40 per dollar during the trading session. Amidst fluctuations throughout the day, the domestic currency recovered and finally closed at 95.33 per dollar. A gain of 7 paise was recorded compared to Tuesday.At close, the Sensex was down 187.90 points or 0.24 percent at 77,966.35, and the Nifty was down 35.75 points or 0.15 percent at 24,435.95. About 1808 shares advanced, 2327 shares declined, and 153 shares unchanged.read more :- Telangana to Open 131 CCI Cotton Centres

Government to Open 131 CCI Procurement Centers This SeasonThe state government has decided to open 131 Cotton Corporation of India (CCI) cotton procurement centers during the 2026-27 cotton marketing season. In the previous season, 122 CCI procurement centers were opened in the state.Agriculture Minister Tummala Nageswara Rao held a meeting on Tuesday with officials from the CCI, Agriculture, and Marketing departments to review preparations for cotton procurement this season. He instructed officials to prevent any role for middlemen in the procurement process. The Minister noted that the majority of cotton farmers in the state are small and marginal, and their farming relies primarily on rainfall.According to the Minister, cotton cultivation is estimated to cover approximately 46.33 lakh acres in the state this year, with production likely to reach around 25.85 lakh tonnes. The central government has announced a Minimum Support Price (MSP) of ₹8,667 per quintal for long-staple cotton grown in Telangana and certain other states. This is an increase of ₹557 per quintal compared to the previous year.In addition to CCI procurement centers, 356 ginning mills in the state will also be notified as cotton procurement centers. The Minister directed officials to take the necessary steps to open ginning mills across all categories (L1 to L12) either simultaneously or within a maximum interval of 15 to 30 days.Cotton arrivals in the state are expected to begin in the second fortnight of October. Officials have been instructed to transfer crop booking data to the ‘Cotton Farmer App’ via the NIC and to announce the season's average cotton yield based on weather conditions. Farmers achieving yields higher than the average will also be issued digital yield certificates through Agriculture Extension Officers.read more :- India Cotton Stock Rises to 140.24 Lakh Bales

A SUMMARISE REPORT ON PRESENT COTTON SCENARIO (POSITION AS ON 31/07/2026) (Each bale170 kgs.)▪️Total pressing estimate during crop year 2025-2026 is estimated as 339.00 lakh bales & considering above , the closing stock at the end of season 25-26 ,september 30th 2026 is calculated as 93.59 lakh bales , higher by 38.00 lakh bales of last year closing.▪️Cotton consumption in this cotton season may touch 348.00 lakh bales and upto 31-07-2026 about 290.00 lakh bales reported as consumed. (SIS)▪️Export upto July-2026 end is found total 12.25 lakh bales against estimation  for this season year of 15.00 lakh bales .Upto 31-July-2026 about 12.25 lakh bales are estimated to have been shipped by the country.▪️It is revealed that during current crop  end total 62.00 lakh bales may be imported. Upto July-2026 about 54.00 lakh bales have been arrived at different indian ports. (SIS)▪️Kepping in view the above , total cotton supply upto 30.sept.2026 is calculated to the tune 456.59 lakh bales, consisting of opening stock, total pressing & import. (SIS)▪️As on 31-JuLY-2026 closing stock is estimated at 140.24 lakh bales out of which stock with the mills is found to the tune of 87.00 lakh bales where as with CCI/MFED MNCS, Ginner , Treaders and Exporters it comes around 53.24 lakh bales.

On Tuesday, the rupee closed at 95.44 per dollar, while today it opened at 95.40 per dollar with a gain of 4 paise.Indian markets open lower on August 12, 2026; The BSE SENSEX opened at 78,263.33 and fell to around 78,023.12 in early trade. Market mood remains cautious due to rising crude oil prices and weak signals from Wall Street amid ongoing tensions in the Middle East.Read More :- India Buys Record Russian Oil

India Bought Record Russian Oil in July Amid US Threat of 100% TariffsDespite the potential threat of the US imposing tariffs of up to 100 percent on countries purchasing oil from Russia, India imported a record volume of Russian crude oil in July. According to the Centre for Research on Energy and Clean Air (CREA), India purchased Russian crude oil worth approximately €5.5 billion in July, a 2.1 percent increase compared to June.In terms of volume, Russian crude oil imports rose to a record 2.8 million barrels per day (bpd). This accounts for approximately 55.5 percent of India's total crude oil imports, which stood at just over 5 million bpd. India's total purchases of Russian fossil fuels in July amounted to €6.4 billion, with crude oil accounting for 87 percent of the total.The share of Russian crude oil in India's total oil imports has risen sharply since the start of the Ukraine war. In 2021, India's imports from Russia were less than 100,000 bpd. This figure rose to approximately 740,000 bpd in 2022 and around 1.8 million bpd in 2023. Russia became India's largest crude oil supplier in 2023.The primary reason for the rise in imports in July was increased supply at smaller terminals. Imports at the HMEL Mundra terminal rose by 58 percent compared to June, while imports at the Vadinar SMPL terminal increased by 35 percent. Imports via Mumbai also saw a 37 percent increase. Conversely, imports at Paradip fell by 22 percent, while shipments at Jamnagar remained largely stable.According to CREA, the average price of Russian Urals crude oil in July was $60.22 per barrel, which was above the G7 and EU price cap of $44.10 per barrel. Meanwhile, the US Senate has approved a bill imposing sanctions related to Russia and Iran by a vote of 86-11. The proposed legislation could empower President Donald Trump to impose tariffs of up to 100 percent on countries that are major buyers of Russian oil and gas. However, the law has not yet come into effect and requires approval from the US House of Representatives as well.read more :- Rupee weakens by 05 paise against the dollar, closes at 95.44

The Indian rupee weakened by 05 paise against the US dollar on Tuesday, closing at 95.44 per dollar.The rupee opened at the 95.39 level. Amidst fluctuations during trading, the domestic currency closed at 95.44 per dollar, marking a decline of 05 paise.At close, the Sensex was down 388.19 points or 0.49 percent at 78,154.25, and the Nifty was down 112.10 points or 0.46 percent at 24,471.70. About 1977 shares advanced, 2152 shares declined, and 187 shares unchangeread more :- China Cotton Yarn Demand Remains Weak

Off-season impact persists; cotton yarn demand remains weakThe pure cotton yarn market in China remained under off-season pressure last week. Trading activity was limited due to weak downstream demand, and prices for major yarn varieties saw no significant changes. As of August 7, the reference ex-factory spot price for 21S ring-spun pure cotton yarn in Shandong stood at 23,300 RMB/tonne, while 32S yarn was priced at 24,675 RMB/tonne; both prices remained stable compared to the previous week.Despite fluctuations in domestic cotton prices, most textile mills kept yarn prices steady and focused on reducing inventory. Amid rising raw material costs, mills exercised caution in purchasing, buying primarily on an as-needed basis. The price for 32S pure cotton ring-spun yarn was 23,500 RMB/tonne in Xinjiang and 23,600 RMB/tonne in China's inland regions.Weakness was also observed in the downstream weaving industry. Capacity utilization dropped to approximately 72% in Jiangsu, Zhejiang, and Shandong, while in Foshan, Guangdong, it temporarily fell to 20%. Procurement of grey fabric was largely limited to small, urgent orders.Limited adjustments in cotton and yarn prices increased pressure on spinning mill margins. As of August 6, spinning margins stood at -391.93 RMB/tonne in Xinjiang, while in China's inland regions, they fell to -1,753.13 RMB/tonne. High inventory levels and weak sales intensified operational pressure on companies, particularly regarding medium- and high-count yarns.The market is currently receiving mixed signals. Concerns that high temperatures in Xinjiang might impact the boll-setting stage of the new cotton crop have provided support to prices. On the other hand, the continued sale of government reserve cotton has alleviated supply-related concerns. The likelihood of a sharp rise in cotton yarn prices in the near term is limited due to weak global end-demand, a slow recovery in export orders, and a lack of improvement in the domestic market. Prices are expected to remain range-bound with a weak undertone.read more :- Cotton Prices Rise on Strong Demand

Cotton Prices Surge in India Driven by Global Signals and Strong DemandCotton prices in India continue to rise, fueled by strength in global markets and growing domestic demand. On Monday, citing limited stocks and robust buying by spinning mills, the Cotton Corporation of India (CCI) raised cotton prices by ₹700 per candy (356 kg). Over the past two weeks, CCI prices have seen a cumulative increase of approximately ₹1,400 per candy.According to Ramanuj Das Boob, a sourcing agent based in Raichur, sowing has been affected by the delayed monsoon, raising concerns that the arrival of the new crop will also be delayed. This is putting pressure on existing stocks. Activity in the resale market has also intensified due to strong demand. Prices for pressed bale cotton are hovering around ₹67,500–68,500 per candy, while quotes from resellers and multinational companies are running about ₹1,000 higher than CCI rates.CCI sales remain robust. Approximately 2 lakh bales were sold last week, while sales on Monday were estimated at around 70,000 bales. To date, total CCI sales are estimated at around 91.5 lakh bales, with unsold stock standing at approximately 14 lakh bales.By last Friday, the cotton acreage in the country had crossed 106 lakh hectares. Acreage increased in Gujarat, Telangana, Madhya Pradesh, Andhra Pradesh, Tamil Nadu, and Odisha, while declines were recorded in Maharashtra, Karnataka, and Rajasthan.Indian cotton is also receiving support from the international market. December cotton futures on the ICE are trading around 84 cents per pound. A weaker dollar, weather-related concerns in key US cotton-producing regions, a potential reduction in global stocks, and improved demand have bolstered the market.According to experts, cotton consumption has strengthened due to rising yarn demand in both domestic and export markets and increased production of coarse-count yarn. By the end of September, India's closing stock could drop to around 75–80 lakh bales.read more :- The rupee opened 10 paise weaker against the dollar at 95.39.

On Tuesday, the Indian rupee opened at 95.39 against the dollar, down 10 paise from its Monday close of 95.29. The BSE Sensex opened at 78,509.77 but was down 315.36 points, or 0.40%, at 78,227.08 as of 9:26 am. The Nifty 50 was down 94.05 points, or 0.38%, at 24,489.75 after opening at 24,575.10.Read More :- Indian Rupee weakens by 12 paise against US Dollar, closes at 95.29

The Indian rupee weakened by 12 paise against the US dollar on Monday, closing at 95.29.The rupee opened at 95.17 against the US dollar and fell 12 paise to close at 95.29 at the end of the trading session.At close, the Sensex was up 43.27 points or 0.06 percent at 78,542.44, and the Nifty was up 13.15 points or 0.05 percent at 24,583.80. About 2103 shares advanced, 2107 shares declined, and 184 shares unchanged.read more :-