The textile sector wants lower-cost raw materials, the elimination of cotton duties, and budgetary price stability.The availability of raw materials at internationally competitive prices, the removal of import duty from the cotton fibre of all varieties, and the cotton price stabilisation fund scheme are among the major demands of the Indian textile & apparel industry ahead of the Union Budget 2025-26.The Indian Textile & Apparel Industry, in its pre-budget memorandum, demanded ensuring the availability of raw materials at internationally competitive prices.Indian domestic raw material prices are significantly higher than international prices. The industry body stated that while competitors like Bangladesh and Vietnam have free access to such raw materials, India has imposed QCO on MMF fibre/yarn, which is acting as a non-tariff barrier on the imports of such raw materials and thus affecting their free flow. It has resulted in a shortage of some specialised fibre/yarn varieties and also impacted domestic prices, it added.It demanded the removal of import duty from the cotton fibre of all varieties, stating that the Indian cotton industry is importing specialised varieties of cotton, such as contamination-free, organic cotton, sustainable cotton, etc., which are not available domestically.The import duty that was imposed to safeguard the interest of farmers is not serving its intended purpose, rather hurting the domestic cotton textile value chain, it stated. The industry body suggested carrying out cotton purchase operations on Minimum Support Price (MSP) through a Direct Benefit Transfer (DBT) mode.The industry body demanded the Cotton Price Stabilisation Fund Scheme to enable the industry to overcome this issue of price volatility.“At present the textile mills are able to avail working capital only for three months from the banks, due to which mills usually procure 3 months of cotton stock at the start of the season when the cotton prices are usually cheaper. For the remaining months, the mills source cotton from the traders and CCI, whose cotton prices vary according to the market conditions; thus, it becomes difficult for the mills to plan their production schedule effectively. To enable the industry to overcome this issue of price volatility, the government may consider coming up with a Cotton Price Stabilisation Fund Scheme,” the industry body added in the memorandum.The industry body said that the fund should be comprised of 5 per cent interest subvention or loan at the NABARD interest rate (cotton being an agricultural commodity), a credit limit period from three months to eight months, and a reduction in the margin money for cotton working capital from 25 per cent to 10 per cent.read more :- Rupee falls 3 paise to 85.78 against US dollar in early trade
In early trading, the rupee drops 3 paise to 85.78 against the US dollar.This comes after rupee depreciated 9 paise to close at 85.73 (provisional) against the US dollar on Thursday, as strong dollar demand from importers and foreign fund outflows dented investor sentiments.read more :- The Indian rupee closed 9 paise lower at 85.75 per dollar on Thursday from Wednesday's 85.64.
After closing at 85.64 on Wednesday, the Indian rupee fell 9 paise to settle at 85.75 on Thursday against the US dollar.The Sensex rose 1,405.77 points or 1.79 per cent to close at 79,913.18 and the Nifty rose 447.30 points or 1.88 per cent to close at 24,190.20. About 2109 stocks advanced, 1347 declined and 84 stocks remained unchanged.read more :- Cotton arrivals in India stood at 12.38 million bales in October-December 2024
Between October and December 2024, 12.38 million bales of cotton were imported into India.India has received 123.80 lakh (or 12.38 million) bales of 170 kg cotton during the first three months of the current season 2024-25 (October-September). The country's apex industry body, the Cotton Association of India (CAI), has estimated cotton arrivals. The organisation has projected a total production of 302 lakh bales for the current season.According to CAI estimates, India recorded 69.22 lakh bales of cotton during the first two months of the current season, October and November. About 52.52 lakh bales of cotton arrived in the mandis during December 2024.State-wise arrival data showed that North India, which includes Punjab, Haryana, Upper Rajasthan and Lower Rajasthan, received 9 lakh bales in October and November and 5.03 lakh bales in December, taking the total for the current season to 14.16 lakh bales.Gujarat and Maharashtra recorded 21.63 lakh bales and 22.93 lakh bales, respectively, this season. Similarly, Madhya Pradesh received 9.52 lakh bales, Telangana 31.95 lakh bales, Andhra Pradesh 6.73 lakh bales, Karnataka 15.18 lakh bales, Tamil Nadu 53,400 bales, Odisha 82,500 bales and others received 30,000 bales of cotton.CAI has estimated cotton production at 302.25 lakh bales. The production is expected to decline by about 7 per cent as against 325.22 lakh bales in the last season. The Government of India has estimated the production of 299.26 lakh bales in the current season.read more :- Rupee falls 11 paise to 85.75 against US dollar during early trade
Early trading sees the rupee drop 11 paise to 85.75 against the US dollar.The rupee dropped 11 paise to 85.75 against the US dollar in early trade on Thursday, weighed down by the significant uptrend in the dollar index and US 10-year bond yields.At the interbank foreign exchange, the rupee opened at 85.69 then fell further to 85.75 against the American currency, registering a fall of 11 paise over its previous close.read more :- Indian rupee ended marginally lower at 85.64 per dollar on Wednesday versus Tuesday's close of 85.61.
Compared to Tuesday's close of 85.61, the Indian rupee ended Wednesday slightly weaker at 85.64 per dollar.the Sensex was up 368.40 points or 0.47 percent at 78,507.41, and the Nifty was up 98.10 points or 0.41 percent at 23,742.90. About 2642 shares advanced, 1177 shares declined, and 83 shares unchanged.read more : - The rupee closed 7 paise lower at 85.61 against the US dollar this evening.
This evening, the rupee ended the day 7 paise down versus the US dollar at 85.61.Indian stock market benchmarks, the Sensex and Nifty 50 ended the year with marginal gains. On December 31, the Sensex closed 109 points or 0.14% lower at 78,139.01, while the Nifty 50 closed 0.10% lower at 23,644.80.read more :- Cotton up on rising demand from apparel industries and robust export orders
Cotton up on strong export orders and growing demand from the clothing sectorsCotton candy prices rose 0.04% to close at ₹54,160, enabled by rising cotton yarn demand from apparel industries and robust export orders. However, domestic cotton arrivals in the north Indian states of Punjab, Haryana and Rajasthan have declined by 43% year-on-year till November 30, 2024, impacting the supply chain. Farmers are reportedly holding back kapas (un-ginned cotton) in anticipation of better prices, leading to a shortage of raw material for ginners and spinners.India's cotton production for the 2024-25 season is estimated at 302.25 lakh bales of 170 kg each, while imports are expected to rise to 25 lakh bales, a significant increase from the previous season. As of November 30, 9 lakh bales had already arrived at Indian ports. The ending stocks for September 2025 are estimated at 26.44 lakh bales, down from 30.19 lakh bales last year. Globally, cotton production for 2024/25 is estimated at 117.4 million bales, led by higher production in India, Argentina and Brazil. Consumption is estimated to increase by 570,000 bales, with rising demand in India, Pakistan and Vietnam offsetting the decline in China. World ending stocks have increased by 267,000 bales, while opening stocks have decreased by 428,000 bales.Technically, short covering was witnessed in the cotton candy market, with open interest falling 0.27% to 367 contracts. Prices found support at ₹53,260, with a possible decline to ₹52,350. Resistance is likely at Rs 55,540, and a breakout above this level could test Rs 56,910, supported by improving demand and mixed supply dynamicsread more :- Rupee falls 9 paise to 85.61 against US dollar in early trade
In early trading, the rupee drops 9 paise to 85.61 versus the US dollar.The rupee dropped 4 paise to 85.52 (provisional) against the US dollar in early trade on Monday, as dollar demand from importers, foreign fund outflows and a muted trend in domestic equities dented investor sentiments.Rupee on Tuesday fell by 9 paise to 85.61 against US dollar in early trade.Read More :- By the end of March 2025, Iran expects to produce 65,000 tons of cotton.
Iran forecasts 65,000 tons of cotton production by end of March 2025The director of cotton planning at the Ministry of Agriculture announced that cotton harvesting in Iran began in September, and 65,000 tons are projected to be produced by the end of the current Iranian calendar year, which ends on March 20, 2025. Ebrahim Hejjarribi shared these projections in an exclusive interview with IRIB, highlighting ongoing efforts to meet the country's cotton demands.Hejjarribi explained that domestic cotton producers supply about half of the cotton needed by the textile industry, while the rest is imported. The demand for cotton in the domestic market is between 150,000 and 180,000 tons annually. However, by the end of the current year, it is estimated that domestic production will meet about 40 percent of this demand.This production is part of the government's broader efforts to reduce dependence on imports and support local cotton farmers. Despite the increase in domestic cotton production, a significant gap persists between total demand and locally sourced supply. The industry is still highly dependent on imported cotton to meet the entire requirements of the textile sector.The goal of achieving a greater share of domestic production is key to the country's economic strategy, as it seeks to strengthen the agricultural sector and reduce dependence on foreign cotton sources. The ongoing efforts reflect a comprehensive initiative to boost agricultural production and address local supply shortages in various industries.Read more :- The rupee declined by 2 paise to close at 85.54 against the dollar this evening
This evening, the rupee fell 2 paise to settle at 85.54 vs the US dollar.The Sensex closed 450.94 points or 0.57 per cent lower at 78,248.13, while the Nifty fell 168.50 points or 0.71 per cent to 23,644.90. The market breadth was negative, with 1,368 stocks advancing, 2,460 declining and 140 remaining unchanged.Read More :- Cotton prices fall as global cotton production forecast to rise by over 1.2 million bales
As global cotton production is expected to increase by more than 1.2 million bales, cotton prices decline.Cotton futures closed -0.53% lower at ₹54,140 on the back of higher global production estimates and tight domestic supplies. Global cotton production for the 2024-25 cotton year is forecast to rise by over 1.2 million bales to reach 117.4 million bales, mainly due to higher production in India and Argentina. In India, key northern states—Punjab, Haryana and Rajasthan—have seen a sharp decline of 43% in kapas (unginned cotton) arrivals till November 30 compared to last year. This decline has led to supply chain disruptions, with farmers holding back produce in anticipation of better prices, while ginners and spinners are facing raw material shortages, especially in Punjab.The Cotton Association of India (CAI) has maintained its cotton consumption forecast for the 2024-25 season at 313 lakh bales at 170 kg per bale, while cotton pressing is estimated at 302.25 lakh bales. Cotton imports are also expected to rise significantly to 25 lakh bales in the current crop year, up from 15.20 lakh bales in the previous year. Moreover, U.S. cotton production has been revised upwards to about 14.3 million bales, while global output has risen by 1.2 million bales to 117.4 million, mainly due to a 1-million-bale increase in India's crop.Technically, fresh selling is underway in the market, with open interest rising 0.27% to 368. Prices have fallen by ₹290, support is at ₹53,890 and if broken, a possible test of ₹53,630 is possible. Resistance is seen at ₹54,520, and in case of a bullish trend, the possible upside target is ₹54,890.Read more:- Cotton prices hit 3-year low, ginning mills suffer
Ginning mills suffer as cotton prices fall to a three-year low.Ahmedabad: Due to a fall in international prices, cotton prices have fallen to a three-year low of Rs 53,500 per candy (356 kg). Despite peak season, ginning mills in Gujarat are facing financial difficulties due to falling prices, with over 25% of the units shut. The state witnessed an arrival of 30,000 cotton bales (170 kg each) per day, with the Cotton Corporation of India (CCI) making substantial purchases. Meanwhile, spinning units are operating at almost full capacity and showing positive financial results."Cotton prices have fallen to a three-year low of Rs 54,000 per candy. Ginning units are struggling as they bought raw cotton at high rates. Now the rates are falling continuously, putting pressure on mills. The fixed cost of ginning units is high; therefore, these units operate even after incurring losses," said Apurv Shah, vice-president, Gujarat Chamber of Commerce and Industry (GCCI). Industry reports indicate a decline in cotton cultivation in Gujarat, with production estimated at 88 lakh bales this year, 4 lakh bales less than last year. "November to January is considered the peak season for cotton, and despite this, ginning units are not operating at full capacity. There are around 800 ginning units in Gujarat; 450 of them are fully operational, while many are operational only a few days a week. Around 20% of the mills have not started crushing this year," Shah said. Spinning facilities have become profitable due to the fall in cotton prices.Jayesh Patel, senior vice-president of Spinners Association Gujarat (SAG), said, “At the moment, spinning units are getting some profit, as cotton prices have gone below the level of Rs 54,000 per candy. Now, CCI is buying a significant amount, and we demand that it should keep a reserve quota of cotton for the Indian textile industry, so that the industry gets priority. Spinning mills in the state are running at almost full capacity, and yarn prices are currently at Rs 240 per kg, but the demand is not strong. So there is a fear that prices will come down in a few days, as cotton stocks in the open market are reducing with CCI's strong buying.Read More :- Rupee weakens against dollar, Rupee falls by five paise to 85.53 per dollar in early trade
Rupee depreciates against the dollar; in early trading, it dropped five paise to 85.53 per dollar.Rupee fell by five paise to 85.53 per dollar in early trade on Monday. Investor sentiment was affected amid heavy demand for dollars from importers, foreign capital withdrawal and soft trend in domestic stock markets, which put pressure on the domestic currency. Foreign exchange traders said that the rupee witnessed heavy volatility on Friday and on Monday, the rupee weakened amid heavy demand for dollars related to the expiry of December currency futures and maturity in outstanding futures.Read More :- All India Weather Warning for today
Today's weather warning for all of IndiaThunderstorm accompanied with hailstorms also likely over Southeast Himachal Pradesh, Uttarakhand, Punjab, Haryana, Chandigarh, Delhi, Uttar Pradesh, East Rajasthan, Vidarbha, Madhya Maharashtra, Marathwada & Gujarat Region on 27th and Madhya Pradesh on 27th & 28th December.Cold day to severe cold day conditions very likely in some parts of Himachal Pradesh on 27th & 28th DecemberDense to Very dense fog conditions very likely to prevail during late night/early morning hours in isolated pockets of Rajasthan during 27th-29stDecember;Ground frost conditions very likely in isolated pockets of Arunachal Pradesh and Nagaland, Manipur, Mizoram & Tripura on 27th December.Read More :- This evening, the rupee weakened by 26 paise against the dollar and closed at Rs 85.52
The rupee fell 26 paise versus the dollar to settle at Rs 85.52 Thursday evening.At the close, the Sensex was up 226.59 points or 0.29 per cent at 78,699.07 and the Nifty was up 63.20 points or 0.27 per cent at 23,813.40. Around 1866 stocks advanced, 1946 declined and 113 stocks remained unchanged.Read More :- ICE Cotton records lowest trading volume; prices slightly lower
| title | Created At | Action |
|---|---|---|
| Textile industry seeks cheaper raw materials, cotton duty removal, and price stabilisation in budget | 03-01-2025 21:39:46 | view |
| Rupee falls 3 paise to 85.78 against US dollar in early trade | 03-01-2025 17:44:36 | view |
| The Indian rupee closed 9 paise lower at 85.75 per dollar on Thursday from Wednesday's 85.64. | 02-01-2025 22:46:17 | view |
| Cotton arrivals in India stood at 12.38 million bales in October-December 2024 | 02-01-2025 19:13:33 | view |
| Rupee falls 11 paise to 85.75 against US dollar during early trade | 02-01-2025 17:58:07 | view |
| Indian rupee ended marginally lower at 85.64 per dollar on Wednesday versus Tuesday's close of 85.61. | 01-01-2025 22:52:18 | view |
| The rupee closed 7 paise lower at 85.61 against the US dollar this evening. | 31-12-2024 23:19:11 | view |
| Cotton up on rising demand from apparel industries and robust export orders | 31-12-2024 19:23:07 | view |
| Rupee falls 9 paise to 85.61 against US dollar in early trade | 31-12-2024 17:12:45 | view |
| By the end of March 2025, Iran expects to produce 65,000 tons of cotton. | 31-12-2024 00:23:49 | view |
| The rupee declined by 2 paise to close at 85.54 against the dollar this evening | 30-12-2024 23:21:19 | view |
| Cotton prices fall as global cotton production forecast to rise by over 1.2 million bales | 30-12-2024 19:38:17 | view |
| Cotton prices hit 3-year low, ginning mills suffer | 30-12-2024 18:34:17 | view |
| Rupee weakens against dollar, Rupee falls by five paise to 85.53 per dollar in early trade | 30-12-2024 17:52:44 | view |
| All India Weather Warning for today | 28-12-2024 01:24:00 | view |
| This evening, the rupee weakened by 26 paise against the dollar and closed at Rs 85.52 | 27-12-2024 23:07:58 | view |
