Recent News

 Rupee opens 52 paise up as dollar eases on renewed hopes of US Fed rate cutsThe rupee opened at 88.27 against the dollar after ending the previous session at 88.79.read more :- INR Drops 05 Paise, Closes at 88.79 per Dollar

The Indian rupee on tuesday lower 05 paise to close at 88.79 per dollar, while it opened at 88.74 in the morning.At close, the Sensex was down 297.07 points or 0.36 percent at 82,029.98, and the Nifty was down 81.85 points or 0.32 percent at 25,145.50. About 1140 shares advanced, 2692 shares declined, and 97 shares unchanged.read more :- "Indian exports to Europe, breaking US tariffs"

Indian textile exporters are turning to Europe, offering discounts to offset US tariffs.Industry officials said Indian textile exporters are seeking new buyers in Europe and offering discounts to existing US customers to protect them from the impact of steep US tariffs of up to 50%.President Donald Trump doubled tariffs on Indian imports in August, making them among the highest for any trading partner, affecting goods and products ranging from clothing and jewelry to shrimp.A Mumbai-based textile exporter, speaking on condition of anonymity before signing export contracts, said his company is prioritizing diversification into EU markets and that an imminent trade agreement with the bloc would help boost shipments from India.Trade negotiations between India and the European Union have entered a decisive phase, as their teams work intensively to meet the year-end target of signing a free trade agreement.The European Union is India's largest trading partner, with bilateral trade expected to reach $137.5 billion in the fiscal year ending March 2024, a nearly 90% increase over the past decade.Textile exporters said Indian exporters are accelerating efforts to meet the EU's stringent standards on chemicals, product labeling, and ethical sourcing.Rahul Mehta, whose website describes him as the chief patron of the Indian Textile Manufacturers Association, said exporters are upgrading production facilities to meet these standards.Mehta further said that exporters are also keen to reduce their dependence on the United States.In the fiscal year ending March 2025, the United States was India's largest textile and apparel market, accounting for about 29% of total exports of approximately $38 billion.Vijay Kumar Agarwal, president of Mumbai-based Creative Group, whose US exports account for 89% of its total exports, said some exporters have started offering discounts to retain US customers.Aggarwal said that if US tariffs continue to rise, the company could lose 6,000 to 7,000 of its 15,000 employees and consider shifting production to Oman or neighboring Bangladesh after six months.read more :- Andhra Pradesh: Delay in CCI procurement affects cotton farmers in Andhra Pradesh

Andhra pradesh : Cotton farmers in AP hit by CCI procurement delaysGuntur: Cotton farmers across Andhra Pradesh are facing deep uncertainty as the Cotton Corporation of India (CCI) continues to delay procurement operations for the current season. Despite repeated assurances, procurement centres remain non-functional, leaving thousands of growers vulnerable to exploitation by private traders offering rates far below the official Minimum Support Price (MSP).The Centre's announcement of an MSP of ₹8,110 per quintal had initially raised hopes of financial relief. But in the absence of timely procurement, farmers in key cotton-producing districts—Guntur, Kurnool, Anantapur, and Prakasam—say they are being forced to sell at throwaway prices ranging from ₹5,000 to ₹6,000 per quintal.Many farmers have accused the CCI of "bureaucratic negligence" for not opening centres despite favourable harvest conditions. "Every year, they make big promises, but when the crop arrives, we're left waiting. By the time centres open, most of us have already sold to repay loans," said a farmer from Guntur.The much-publicised Kapas Kisan App, launched to simplify registration and provide market updates, has also failed to deliver. Farmers report technical glitches, lack of guidance, and no real-time support. "It's just another app with no accountability," said a cotton grower from Kurnool.Agriculture experts warn that the delay could trigger a financial crisis for cotton farmers, many of whom rely solely on the crop for annual income. "CCI's slow response has created panic in rural markets. Without swift intervention, small and marginal farmers will suffer heavy losses," said an agricultural economist.Despite mounting criticism, officials insist procurement will begin soon, citing administrative delays. But with prices already collapsing, farmers fear irreversible damage. Unless CCI acts quickly and opens all centres, the festive season may turn bleak for Andhra Pradesh's cotton growers.read more :- Cotton in Kukshi Mandi is ₹1100 less than the MSP, farmers demand purchase from CCI

Madhya Pradesh: Cotton sold at ₹1,100 less than MSP in Kukshi Mandi: Farmers angry, demand CCI to purchase at the support priceCotton farmers in Kukshi Mandi are currently in distress. The Cotton Corporation of India (CCI) has not yet started purchasing cotton at the MSP, forcing farmers to sell their crop at throwaway prices.On Tuesday, 1,535 quintals of cotton arrived at Kukshi Mandi. The average market price (model price) was ₹6,595 per quintal. Farmers say this price is approximately ₹1,100 per quintal less than the support price.With Diwali approaching, small farmers are forced to reach the market to sell their cotton, resulting in significant losses.Farmer leader Rajendra Patidar stated that despite protests and submissions last month, CCI has not started purchasing. Farmers Kailash Manohar and Pradeep Patidar also expressed concern over the low prices. Farmers demand that procurement should have begun in early October.Why the delay in procurement?Market Secretary H.S. Jamra explained that the reason CCI procurement hasn't begun is that an agreement has not yet been reached with the ginning industry regarding cotton ginning. The issue is pending regarding ginning rates. He expressed hope that this impasse will soon be resolved and procurement will begin.CCI local official Uday Patil also confirmed that procurement will begin only after an agreement has been reached.read more :- Rupee open Falls 07 Paise to 88.74/USD

 Rupee opens  07 paise down at 88.74 against dollarIndian rupee opened marginally lower at 88.74 per dollar on Tuesday versus Monday's close of 88.67.read more :- Maharashtra: Quality Based Cotton Policy

Maharashtra is charting a quality-based future for cottonMumbai: Maharashtra is charting a quality-based future for cotton by aligning with global practices.Maharashtra's cotton sector took a decisive step towards strengthening its global competitiveness with a high-level workshop titled "Promoting Cotton Value Chain Development by Focusing on Quality, Productivity, Production, and Market Access" held at the Indian Institute of Management (IIM) Nagpur.Jointly organized by the Balasaheb Thackeray Agribusiness and Rural Transformation (SMART) Project, Maharashtra Transformation Institute (MITRA), Maharashtra Village Social Transformation Foundation (VSTF), Indo Cotton Development Association, Grant Thornton, and Palladium Consulting India Private Limited, this one-day state-level workshop brought together government leaders, industry leaders, farmer producer companies (FPCs), and textile stakeholders to develop an integrated roadmap for sustainable cotton value chain development in Maharashtra.Praveen Pardeshi, Chief Economic Advisor to the Chief Minister of Maharashtra and CEO of MITRA, said, "We need to align agricultural practices, contamination control, and market reforms with global standards, such as the Kasturi Cotton Bharat initiative—India's national cotton quality and traceability program."Dr. Rajaram Dighe, CEO of VSTF, emphasized the need to align India with global cotton textile standards, focusing not only on quality but also on achieving complete traceability across the cotton value chain.Dr. Hemat Wasekar, Project Director of SMART, emphasized the strategic need to shift from a quantity-based cotton production approach to a quality and value-based approach.Additional Chief Secretary (Agriculture) Vikas Chandra Rastogi highlighted the Maharashtra government's commitment to modernizing the sector through technology adoption, farmer training, and FPO linkages with premium buyers.As international brands increasingly prioritize sustainable and traceable cotton, Maharashtra's integrated value-chain approach—connecting FPOs, modern ginning units, and premium buyers—positions the state to capture new export opportunities.Speakers said that the synergy between improved cotton, Kasturi Bharat, and BIS certification frameworks is expected to increase market premiums and boost farmer incomes.read more:-  New date for cotton purchase registration announced

CCI Cotton Procurement: CCI Cotton Procurement Registration Deadline Extended.Akola: The CCI cotton procurement registration deadline ended on September 30th. In this regard, A. Randhir Savarkar held a meeting with CCI officials to discuss the extension and other issues. A delegation of cotton farmers, along with CCI Deputy General Managers and officials, were present.The Cotton Corporation of India (CCI) has developed the "Kapas Kisan" app for the procurement of cotton produced in 2025-26. Since the cotton procurement plan will be implemented digitally, there will be no human intervention. The plan will be implemented transparently.Given the continued heavy rainfall and prolonged monsoon this year, the cotton procurement season is expected to be extended, so the deadline for cotton procurement, which is September 30th, should be extended. MLA Savarkar suggested that the procurement period should also be extended. A/C Savarkar also suggested that the CCI provide guidance and information to cotton growers on how to use the app.A farmer's Aadhaar card and linked bank account are required to implement the procurement process. Farmers are given the option to choose a procurement center, but the requirement for the farmer to sell cotton to be physically present should be removed. Savarkar suggested submitting a proposal to the government. After entering the information during registration on this app, the account holder receives an OTP.Furthermore, since the money is being deposited into their account, the requirement for the farmer to be present during the sale does not seem practical, he said. The state government will bring this matter to the attention of the central government and will try to remove it.CCI officials stated that cotton procurement is planned to begin in the district from Wednesday (15th). Deputy General Manager Brijesh Kasan, Praveen Sadhu of Cotton Corporation of India, Shri Tiwari, farmers Rajesh Bele, Anil Gawande, Dr. Amit Kavre, Shankarrao Wakode, Ambadas Umale, Praveen Hagawane, Chandu Khadse, Rajesh Thackeray, Vivek Bharane, Bharat Kalmegh etc. were present in the meeting.read more:-  INR Gains 09 Paise, Closes at 88.67 per Dollar

The Indian rupee on monday higher 09  paise to close at 88.67 per dollar, while it opened at 88.76 in the morning.At close, the Sensex was down 173.77 points or 0.21 percent at 82,327.05, and the Nifty was down 58 points or 0.23 percent at 25,227.35. About 1619 shares advanced, 2478 shares declined, and 154 shares unchanged.read more :- "Sustainable Future for Cotton Farmers"

Building a Sustainable Future for Cotton FarmersCotton has long been the lifeline of rural economies in India, supporting millions of farming families and powering one of the world's largest textile industries. Yet, the sector faces complex challenges ranging from price fluctuations and soil erosion to climate variability and unsustainable input practices. Against this backdrop, organizations like the Ambuja Foundation and the Better Cotton Initiative (BCI) are working together to transform the cotton landscape, making it more sustainable, inclusive, and resilient.As Chandrakant Kumbhani, Chief Operating Officer (COO) of Community Development at the Ambuja Foundation, says, "Cotton presents a huge opportunity. By adopting sustainable practices, increasing productivity, and adding value to the cotton value chain, India can strengthen farmers' resilience while also positioning cotton as the sustainable natural fiber of the future."Ambuja Foundation's long-standing partnership with the Better Cotton Initiative has been central to this transformation. Reflecting on this collaboration, Jyoti Narayan Kapoor, Country Director (India), Better Cotton Initiative, said, "Since the launch of the Better Cotton Initiative, India's cotton farming communities have consistently demonstrated their commitment to sustainability and willingness to adopt new practices.The impact of this collaboration has been significant. BCI's 2023 India Impact Report, its first country-specific study, documented measurable progress across multiple growing seasons, particularly in areas such as reduced pesticide and water use and improved yields and profitability for farmers. "We saw how pesticide and water use decreased sharply, while yields and profits increased," says Kapoor. BCI is excited by the success being seen across India and looks forward to a bright future based on collaboration and commitment to both people and the planet.At the core of both organizations' work lies the shared belief that sustainability in cotton is not just about better farming, but about better lives. As Kumbhani aptly concludes, "Investing in sustainable cotton is ultimately an investment in farmers, families, and people in rural communities. The journey ahead demands collective action across government, industry, research institutions, and civil society to ensure that cotton remains not only the world's most widely used natural fiber, but also one of the most sustainable."Together, the Ambuja Foundation and the Better Cotton Initiative exemplify how strategic partnerships, farmer-centered innovation, and a shared commitment to sustainability can help India reimagine its cotton sector, ensuring that the fiber of our daily lives remains deeply connected to the well-being of those who grow it.read more :- Instructions to collectors to inform about cotton purchase

Collectors told to notify cotton procurement centres immediately after completion of CCI bids process.Agriculture Minister Tummala Nageswara Rao has asked the Marketing Department authorities to notify the ginning mills that would emerge as the successful bidders in tenders called for cotton procurement so that purchase of the produce is taken up at the earliest.At a virtual review meeting held on Sunday over cotton procurement, the Minister said that a total of 328 ginning mills had participated in the bids invited by the Cotton Corporation of India (CCI) for procurement, and tenders were opened on October 10 to complete the technical bids process by October 11.He instructed District Collectors to notify the ginning mills that would emerge as bidders for procurement so that the process was speeded up. He suggested them to make farmers enrol their names along with mobile numbers in the “Kapas Kisan” app of the CCI for sale of cotton at the minimum support price.The Minister asked officials to let farmers log into the app based on their Aadhaar numbers and OTP generated through them if mobile numbers were not available. Farmers who were not in the CCI database should also be allowed to register afresh.Letter to Union MInisterHe addressed a letter to Union Minister for Agriculture Shivraj Singh Chouhan with a request to lift the limit of procuring 25% of the total produce of sesamum, bengalgram, groundnut, soybean, greengram and others under the price support scheme at MSP and also include maize and jowar under PSS.At another review meeting held on Saturday, Minister for Civil Supplies N. Uttam Kumar Reddy stated that the Civil Supplies Corporation was planning to procure 80 lakh tonnes of paddy out of the estimated production of 148.03 lakh tonnes from 66.80 lakh acres. The 80 lakh tonnes procurement would include 40 lakh tonnes each of fine and common varieties.Of the 8,342 procurement centres planned for the Kharif marketing season, 1,205 were already opened and had started procurement. Of the total procurement centres, IKP would handle/set up 3,517, PACS 4,259 and others 566. The government was planning to complete the Kharif paddy procurement by the end of January second week.read more :-  State Wise CCI Cotton Sales – 2024-25