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Cotton Procurement Price Reaches ₹9,000 per Quintal in Ghodegaon, Maharashtra; Farmers Distressed by Low YieldGhodegaon (Maharashtra): Cotton procurement has gained momentum in Ghodegaon, located in the Nevasa taluka of Maharashtra. Here, cotton is being purchased from farmers at prices reaching up to ₹9,000 per quintal. With Diwali approaching, farmers are arriving at the market to sell their produce. However, despite the favorable procurement price, low yields and rising cultivation costs have intensified the financial concerns of the farmers.This year, the cotton crop has been adversely affected by erratic rainfall and other unfavorable conditions. Farmers invested significantly in land preparation, sowing, seeds, fertilizers, pesticides, labor, and irrigation. Despite this, they have not achieved the expected output. Due to the low yield, the total income from cotton sales is likely to decline, making it a challenge for farmers to even recover their cultivation expenses.Financial Distress Persists Despite Prices Reaching ₹9,000While the procurement price of ₹9,000 per quintal in Ghodegaon has provided some relief, the low production means this price is insufficient to resolve all the farmers' financial challenges. During the Diwali season, farmers must cover expenses such as purchasing clothing for their families, procuring provisions, and meeting other festive needs—all while also having to repay loans taken for agricultural purposes.Cotton from Ghodegaon Being Sent to GujaratCotton procured from Ghodegaon and its surrounding areas is being transported to Gujarat, with large quantities currently being sent there. However, it is reported that the total local cotton production this year is significantly lower compared to the previous year.Farmers Seek Financial Assistance from the GovernmentFarmers have urged the government to conduct a proper assessment of crop losses and the decline in production, and to provide timely financial assistance to eligible farmers. They emphasize that, given the low yields and escalating cultivation costs, higher market prices alone are not enough to provide adequate relief. They also need government assistance to overcome the economic crisis.read more :- Cotton Import Duty Exemption Extended to December 31

Centre Extends Customs Duty Exemption on Cotton Imports Until December 31, 2026New Delhi: Providing relief to the domestic textile and apparel industry, the Central Government has extended the customs duty exemption on cotton imports by two months. The exemption will now remain in effect until December 31, 2026; the previous deadline was October 31, 2026. The Ministry of Finance announced this extension via notification number 35/2026-Customs, issued on October 30.The government’s decision aims to ensure the availability of raw materials for the textile and apparel sector and to help reduce production costs for manufacturers. This move is expected to provide relief to cotton-dependent textile mills, garment manufacturers, and, in particular, small and medium-sized enterprises (SMEs).Extension of the Exemption Period for Cotton ImportsThe Department of Revenue under the Ministry of Finance, through the Central Board of Indirect Taxes and Customs (CBIC), has issued this amendment. It modifies notification number 19/2026-Customs, which was issued on May 30, 2026. The date of October 31, 2026, as specified in the earlier notification, has now been revised to December 31, 2026.This amendment has been made under Section 25(1) of the Customs Act, 1962, and Section 124 of the Finance Act, 2021. In the notification, the government stated that this extension was deemed necessary in the public interest.Relief for the Textile and Apparel IndustryThe continuation of the customs duty exemption is expected to provide relief to domestic textile and apparel manufacturers when purchasing imported cotton. This should assist the industry in maintaining the availability of raw materials and keeping production costs under control. Small and medium-sized enterprises (SMEs), in particular, are likely to benefit from this decision, as their production activities depend on the prices and availability of raw materials. Furthermore, the entire value chain of the textile and apparel sector could also gain from this extension.Potential impact on the domestic cotton marketThe extension of the duty exemption on cotton imports is expected to ensure the continued availability of imported cotton in the domestic market. This could help meet the raw material requirements of the textile industry. However, the actual impact on the demand for and prices of domestic cotton will depend on the volume of imports, market demand, and domestic supply.The government's move aims to strike a balance between the raw material needs of the textile industry and the interests of domestic cotton farmers. With this extension, the textile industry will continue to benefit from the customs duty exemption on cotton imports until December 31, 2026.read more :- CCI Cotton Auction Sales Slow to 4,000 Bales

CCI Cotton Auction Sales Slow Sharply; Just 4,000 Bales Sold During the Week, Prices Remain UnchangedThe Cotton Corporation of India (CCI) maintained its cotton selling prices unchanged during the week ended 30 October 2026, while auction sales witnessed a sharp slowdown. The corporation sold approximately 4,000 bales of cotton from the 2025–26 crop during the week, indicating subdued buying activity in the domestic cotton market.Day-Wise CCI Auction PerformanceOctober 26, 2026 (Monday)CCI recorded its highest sales of the week, selling 3,400 bales. Mills purchased 2,500 bales, while traders accounted for the remaining 900 bales.October 27, 2026 (Tuesday)  Auction sales remained subdued, with only 100 bales sold, entirely purchased by mills.October 28, 2026 (Wednesday) CCI sold a total of 400 bales, with mills and traders purchasing 200 bales each.October 30, 2026 (Friday)  The week concluded with zero sales across both auction sessions, highlighting the slowdown in buying interest.Cumulative Cotton SalesFollowing the latest auction activity, CCI's cumulative cotton sales for the 2025–26 season reached approximately 99.33 lakh bales.

Anticipated Decline in Cotton Production in Wani; Harvesting Likely to Conclude by Early NovemberWani (Maharashtra): Cotton crops in the Wani taluka of Maharashtra have been adversely affected by unfavorable weather conditions this year. A lack of rainfall during critical growth stages, combined with disease outbreaks in irrigated areas, has raised concerns about a decline in production. This is also expected to impact the duration of the cotton-picking season; while harvesting typically continues through December and January, it is now likely to conclude as early as the beginning of November. Lower yields and rising cultivation costs have further compounded the concerns of farmers.Cotton Sown Across 42,768 Hectares in Wani TalukaFor a large number of farmers in Wani taluka, livelihoods depend on cotton cultivation. In the current Kharif season, cotton has been sown across an area of 42,768 hectares. Many farmers completed their sowing as early as June. Initially, good germination led farmers to expect a strong harvest; however, a lack of sufficient rainfall after July hindered plant growth. This has negatively affected the flowering and boll-formation stages, likely weakening the crop's overall yield potential.Rainfall Deficit Causes Losses in Unirrigated AreasThe erratic nature of this year’s monsoon has hit unirrigated areas the hardest. Insufficient rainfall following July led to a depletion of soil moisture. The resulting water stress stunted the growth of cotton plants and reduced the number of bolls. In several areas, plants have even begun to wither and dry up. Consequently, farmers who rely solely on rainfall may face a significant drop in production.Disease Outbreaks in Irrigated AreasEven in areas with irrigation facilities, farmers have found little relief. Fluctuating weather patterns and irregular rainfall have triggered issues such as 'laliya' (reddening of leaves) and wilt (wilting of plants) in the cotton crop. These issues have affected plant growth and the formation of cotton bolls. To save their crops, farmers repeatedly applied pesticides and other agrochemicals, yet the expected improvement did not materialize.Rising cultivation costs add to farmers' hardshipsIn cotton farming, farmers have incurred significant expenses on seeds, fertilizers, pesticides, application labor, and general crop care. A lack of rainfall and the prevalence of diseases necessitated additional pesticide applications, further driving up production costs. Meanwhile, the failure of the plants to develop the expected number of cotton bolls points to a likely decline in yield. Consequently, even if market prices are favorable, the low output may make it difficult for farmers to recover their cultivation costs.Cotton picking season may conclude by early NovemberTypically, the cotton picking season in Wani Taluka extends through December and January. However, due to the poor condition of the crop and the low number of bolls this year, the picking season is expected to end as early as the beginning of November. If this occurs, the duration over which farmers harvest their cotton will be shorter than in a typical year. Low yields, escalating production costs, and an prematurely truncated picking season have created a significant economic challenge for the cotton farmers of Wani.read more :- Indian Rupee higher 26 Paise to Close at 94.95 Against US Dollar.

The Indian rupee higher by 26 paise against the US dollar on Friday, closing at ₹94.95 per dollar.The domestic currency opened at ₹95.21 against the US dollar and fluctuated throughout the trading session. It eventually closed at ₹94.95, higher 26 paise from the opening level.At close, the Sensex was up 308.49 points or 0.42 percent at 74,459.53, and the Nifty was up 116.35 points or 0.51 percent at 23,053.10. About 1311 shares advanced, 2862 shares declined, and 170 shares unchanged.read more :- Jammikunta Cotton Hits ₹9,040

Telangana: Cotton Price Reaches ₹9,040 per Quintal at Jammikunta Market – ₹373 Above MSPKarimnagar, Telangana: The maximum price for cotton at the Jammikunta cotton market in Telangana’s Karimnagar district reached ₹9,040 per quintal. Farmers arrived at the market with their cotton produce in 87 vehicles. The farmers had hoped to receive a price higher than the Minimum Support Price (MSP).The average price for cotton at the market stood at ₹8,850 per quintal. For the current season, the MSP for cotton is set at ₹8,667 per quintal. Consequently, the maximum market price was ₹373 per quintal above the MSP, while the average price was ₹183 per quintal higher.Buyers and cotton mill owners placed bids for the farmers' produce. Present during the proceedings were Market Chairperson Kolluri Swapna Sadanandam, Vice-Chairperson Satya Reddy, Director Surya Sripati Reddy, Market Secretary Mallesham, and official Raju. They oversaw the auction process and ensured that farmers received a fair price.Meanwhile, it was decided to keep the market closed on Friday in light of the potential impact of Cyclone 'Arnab'. According to officials, there was no immediate threat from the cyclone to the region; however, buyers and cotton mill owners had requested a holiday on Friday, expressing concerns that the cyclone might disrupt procurement operations. Higher authorities were informed of this request.The market already observes a weekly holiday on Saturdays and Sundays. The decision to remain closed on Friday was taken to spare farmers from potential weather-related difficulties.Market Chairperson Kolluri Swapna Sadanandam, Vice-Chairperson Satya Reddy, and the Market Secretary have urged farmers to bring their cotton produce to the market on Monday. He stated that rain or moisture in the weather could increase the moisture content in the cotton, which might affect its quality and cause difficulties for farmers during the sale.read more :- The rupee opened 4 paise stronger against the dollar at 95.21.

The rupee opened with a gain of 4 paise at 95.21 per dollar, compared to its previous close of 95.25 on Thursday.According to early data at 9:34 AM, the Sensex rose by 138.77 points to reach 74,289.81 in early trade, while the Nifty gained 38.95 points to stand at 22,967.10.Read More :-  Indian Rupee Falls 02 Paise to Close at 95.25 Against US Dollar.

The Indian rupee weakened by 02 paise against the US dollar on Thursday, closing at ₹95.25 per dollar.The domestic currency opened at ₹95.23 against the US dollar and fluctuated throughout the trading session. It eventually closed at ₹95.25, down 02 paise from the opening level.At close, the Sensex was up 905.01 points or 1.24 percent at 74,151.04, and the Nifty was up 237.90 points or 1.05 percent at 22,936.75. About 2443 shares advanced, 1615 shares declined, and 127 shares unchanged.read more :- Textile PLI Round 4 Opens November 1

Textile PLI Scheme Round 4: Applications to Open on November 1; Turnover Threshold ReducedThe government announced on Wednesday that the Ministry of Textiles is set to reopen the application portal for Round 4 of the 'Production-Linked Incentive' (PLI) scheme for the textile sector. New applications will be accepted from November 1 to December 31.The Ministry has lowered the minimum turnover requirement under the 'Part 2' category of the scheme from ₹200 crore to ₹100 crore. This change is intended to make it easier for MSMEs and medium-sized manufacturing units to participate.For the 'Part 2' category, the minimum investment threshold remains ₹50 crore, while the minimum turnover requirement has now been revised to ₹100 crore.The PLI scheme for the textile sector aims to promote the manufacturing of man-made fiber (MMF) garments, MMF fabrics, and technical textiles. Its objectives include boosting domestic manufacturing capacity, attracting investment, creating employment, and strengthening India's position within the global textile value chain.For applicants approved under Round 4, the duration of the scheme has been extended until the financial year 2033-34. The Ministry of Textiles stated that this extension is intended to provide applicants with more time—in terms of both investment and operations—to establish and expand their manufacturing capacities.Companies that participated in Rounds 1, 2, or 3 of the scheme but have not yet claimed or received any incentives are also eligible to participate in Round 4. To do so, they must withdraw their existing applications submitted during the previous rounds (1, 2, and 3).read more :- China Cotton Yarn Exports Rise 15.66% in September

China’s Cotton Yarn Exports Rise for the Second Consecutive Month; 15.66% Growth Recorded in SeptemberBeijing: China’s cotton yarn exports saw an increase for the second consecutive month during August and September 2026. According to customs data, China’s cotton yarn exports reached 25,900 tonnes in August—an 8.56% increase over the previous month. By September, exports climbed to approximately 30,000 tonnes, representing a month-on-month growth of 15.66% and a year-on-year increase of 4.23%.Surge in Exports to Pakistan and BangladeshIn September 2026, China exported 6,200 tonnes of cotton yarn to Pakistan and 4,000 tonnes to Bangladesh—increases of 22.35% and 23.77%, respectively, compared to the previous month.During the same period, exports to Vietnam, Hong Kong (China), Russia, and Cambodia stood at 3,800 tonnes, 3,500 tonnes, 2,300 tonnes, and 1,800 tonnes, respectively. These markets recorded month-on-month growth rates of 4.34%, 12.74%, 7.36%, and 20.65%. While exports to Indonesia and Thailand declined, most other markets showed positive growth.According to the China Cotton Network, information gathered from major cotton textile mills and foreign trade companies indicates that the momentum for export orders and shipments remained strong during the first half of October. Increased Demand from the Global Textile IndustryAccording to industry experts, stability in the FOB, CNF, and CIF prices of cotton yarn in China has bolstered orders and shipments. Furthermore, as textile manufacturers in Pakistan, Bangladesh, India, and Vietnam received orders for higher value-added products from Europe and the United States, the demand for 32S and finer combed and carded cotton yarns has risen.According to U.S. Customs data, U.S. imports of cotton textiles and apparel reached 1.46 billion square meters in August 2026—an increase of 3.1% compared to the previous month. During the same period, imports from Pakistan and Bangladesh grew by 8.4% and 9.3%, respectively.In September 2026, textile and apparel exports from India, Vietnam, Pakistan, and Bangladesh recorded year-on-year growth of 13.1%, 14.2%, 4.7%, and 8.6%, respectively.Experts note that improved production activities and export demand within the Asian textile industry are supporting the consumption of cotton yarn. If this trend persists, China’s cotton yarn exports could see further strengthening in the coming months.read more :- Indian Rupee lower 20 Paise to Close at 95.23 Against US Dollar.

Indian Rupee lower 20 Paise to Close at 95.23 Against US Dollar.The Indian rupee lower by 20 paise against the US dollar on Wednesday, closing at ₹95.23 per dollar.The domestic currency opened at ₹95.03 against the US dollar and fluctuated throughout the trading session. It eventually closed at ₹95.23, lower 20 paise from the opening level.At close, the Sensex was down 352.64 points or 0.48 percent at 73,246.03, and the Nifty was down 50.90 points or 0.22 percent at 22,698.85. About 2178 shares advanced, 1957 shares declined, and 185 shares unchanged.read more :- Textile PLI Scheme May Be Extended by Four Years; MSME Eligibility Rules Could Ease