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Rupee Opens at 87.82, Up 23 PaisaIndian rupee opened 23 paise higher at 87.82 per dollar on Wednesday versus previous close of 88.05.read more :- Seeking breakthrough in India-US trade talks

India and US seek breakthrough in day-long trade talksIndia and the US are holding a day of trade talks, sparking hope that stalled negotiations on a bilateral agreement will soon resume.A team led by US trade negotiator Brendan Lynch is in Delhi to meet officials from India's commerce ministry.India said the meeting doesn't mark the start of the next round of negotiations, describing it as a "discussion" about "trying to see" how an agreement can be reached.Negotiations on a trade deal had stalled after US President Donald Trump imposed a hefty 50% tariff on Indian goods, partly as a penalty for Delhi's purchase of Russian oil and weapons. India has defended its decision, citing domestic energy needs, and called the tariffs "unfair".The hefty duties, along with strong criticism of India by Trump and his key officials, have led to a swift and surprising deterioration in ties between the allies.India is a major exporter of goods, including garments, shrimp and gems and jewellery to the US, and the tariffs have already impacted production and livelihoods.So Tuesday's meeting between Indian and US officials is being closely watched.Trump's 50% tariff on India kicks in as Modi urges self-reliance'How will I pay workers?': Indian factories hit hard by Trump's 50% tariffs"This is not an official round of negotiations but it will definitely be a discussion on the trade talks and on trying to see how we can reach an agreement between India and the US," Rajesh Agrawal, who is leading the discussions on India's behalf, told local media on Monday ahead of Mr Lynch's visit.A round of negotiations was called off last month following Trump's tariff announcement and India's refusal to stop buying Russian oil.But over the past few days, hopes have risen - Trump administration officials have sounded more conciliatory and India has confirmed that the discussions are still on.On Monday, US trade adviser Peter Navarro told : "India is coming to the table. We will see how this works."Navarro has been one of the most vocal critics of India, calling Russia's ongoing war with Ukraine Indian Prime Minister Narendra "Modi's war".Trump said that the US and India were "continuing negotiations to address the trade barriers" between the two countries. In response, Modi echoed the US president's optimism and said the two countries were "close friends and natural partners."Sergio Gor, Trump's nominee to be the next US ambassador to India, also said that the trade deal "will get resolved in the next weeks"."We are not that far apart right now on the deal. In fact, they're negotiating the nitty-gritty of the deal," he said during a confirmation hearing last week.Trump is sending a 'great friend' to India. Some see him as a 'slap in the face'Trump wants India to buy US corn - but here's why it probably won'tBut it still remains to be seen how the countries solve key disagreements that had earlier prevented a trade deal from materialising.Agriculture and dairy, in particular, are key sticking points.For years, Washington has pushed for greater access to India's farm sector, seeing it as a major untapped market. But India has fiercely protected it, citing food security, livelihoods and the interests of millions of small farmers.Last week, US Commerce Secretary Howard Lutnick repeated his earlier criticism of India's fierce safeguards, asking why a country of 1.4 billion people wouldn't "buy one bushel of US corn".But Indian experts have argued that Delhi shouldn't give in to pressure to open up its agricultural market, keeping national sovereignty and food security in mind.read more :- Rupee Ends Flat at 88.05/USD

The Indian rupee closed stable at 88.05 per dollar on tuesday, while it had opened at 88.05 in the morning.At close, the Sensex was up 594.95 points or 0.73 percent at 82,380.69, and the Nifty was up 169.90 points or 0.68 percent at 25,239.10. About 2294 shares advanced, 1470 shares declined, and 131 shares unchanged.read more :- Madhyanchal Ginners urged CCI to improve MSP operations

Madhyanchal Ginners Association sends suggestions to CCI, emphasis on streamlining MSP operationsThe cotton ginners of Madhyanchal region have sent detailed suggestions to The Cotton Corporation of India Limited (CCI) to streamline and make the process of Minimum Support Price (MSP) operations smooth and transparent. This letter is addressed to CCI Chairman-cum-Managing Director Shri Lalit Kumar Gupta, a copy of which has also been sent to Smt. Padmini Singla, Joint Secretary, Ministry of Textiles.In a meeting held in New Delhi on September 11, the ginners discussed the problems related to MSP operations with senior officials of CCI and Ministry of Textiles. In the same sequence, the Ginners Association has presented its suggestions in reference to the letter issued by CCI on September 12.Key suggestions:1. Priority to L1 rate - All technically eligible factories, which are ready to work at L1 rate, should be allotted turn-by-turn work on the basis of rating points.2. Condition of uniform rate and rating – In such a situation, work allocation should be done on the basis of the year of establishment of the factory.3. Option of re-tendering – Either all tenders should be re-tendered through the new system, or those who had submitted tenders earlier should be allowed to work on the old terms.4. Geographical flexibility – Farmers in the border centers of Madhya Pradesh (Sendhwa, Khetia, Anjad, Kukshi, Burhanpur) should be allowed to sell cotton to the nearest factory, irrespective of the district in which it is located.Additional requests:* Lint percentage in the tender conditions should be kept as last year.* The conditions discussed in the New Delhi meeting should also be included in the new tender notice.* The association has assured full cooperation to CCI in the MSP procurement process.Benefits of the proposed system:* CCI will not suffer any financial loss.* Security risks will be reduced due to cotton storage at different places.* Farmers will get the facility to sell cotton to the nearest factory. * Modern ginning units will improve quality.* Availability of workers and employment opportunities will increase.Ginning factories will remain active and avoid becoming NPAs.The Madhyanchal Ginners Association has expressed hope that CCI and the Ministry of Textiles will accept their suggestions, which will make MSP operations more effective, farmer-oriented and in the interest of the industry.read more :- Cotton Corporation sold 15 lakh bales under the wholesale discount scheme

Cotton Corporation sold 15 lakh bales under bulk discount scheme in last fortnightCCI President Lalit Kumar Gupta said, "We have sold 15 lakh bales under this bulk discount scheme. We have a stock of less than 12 lakh bales right now."State-run CCI, which had bought one crore bales at minimum support price (MSP) during the 2024-25 cotton season, reduced its floor price by ₹2,000 per candy (356 kg of ginned cotton) after the government removed 11 per cent import duty on August 19.BengaluruThe Cotton Corporation of India (CCI) has sold 15 lakh bales (each of 170 kg) under the bulk discount scheme in last fortnight. The bulk discount scheme, which began on September 1, ended on Monday. CCI had a stock of 27 lakh bales before the introduction of the scheme.CCI had launched a bulk discount scheme to sell its stock ahead of the new procurement season starting October 1. It offered discounts ranging from ₹400 to ₹600 per candy to bulk buyers of different categories.Purchasing centresFor the Kharif marketing season 2025-26 starting October, CCI has set a record.Harvest bustle. CCI launched a bulk discount scheme to sell its stock ahead of the new procurement season.550 procurement centres across major cotton producing states."Procurement will commence in Haryana, Punjab and Rajasthan from October 1 and in Madhya Pradesh, Gujarat, Maharashtra and Odisha from October 15," Gupta said.He further added that procurement in Telangana, Andhra Pradesh, Karnataka and Tamil Nadu will commence from October 21. The government has announced an MSP of Rs 7,710 per quintal for medium staple cotton and Rs 8,110 per quintal for long staple cotton. As of September 15, farmers across the country have sown cotton in about 109.64 lakh hectares, lower than 112.48 lakh hectares in the same period last year.The Cotton Association of India recently estimated the carry-forward stock for the new season 2025-26 starting October to be at a five-year high of 60.59 lakh bales, up from 39.19 lakh bales earlier.The increase in carry-forward stock is due to a rise in imports as import duty was removed. Imports for 2024-25 are estimated at 41 lakh bales as against 15 lakh bales last year. Traders expect cotton imports to reach around 20 lakh bales during the October-December quarter.read more:-  India's textile-apparel exports declined by 2.7% in August

India’s textile and apparel exports fall 2.73% in August.CHENNAI : India’s textile and apparel exports contracted by 2.73% in August 2025 compared to the same month last year, declining to $2,931.39 million from $3,013.76 million in August 2024, according to data released by the Confederation of Indian Textile Industry (CITI) on Monday.Exports of jute manufactures and carpets registered sharp year-on-year declines of 8.35% and 7.22%, respectively. Carpet exports to the US fell from $128.48 million in August 2024 to $119.21 million this year. Exports of cotton yarn, handloom products and related categories also dropped to $985.18 million in August 2025, compared with $1,008.61 million a year earlier.On the other hand, cumulative exports of textiles and apparel between April and August 2025 grew 2.52% compared with the same period last year. Apparel exports alone rose 5.78% during this five-month period.India also witnessed a 21.32% rise in imports of cotton (raw and waste) in August 2025 compared to August 2024. During April–August 2025, imports of these products surged 48.75% year-on-year.The Indian textile industry has been reeling under steep tariffs by the US, which is its largest market. Tariffs on textile exports to the US stand at nearly 60%.Rohit Sadaka, Director at India Ratings, told TNIE: “Most of the apparel exports are made-to-order for brands. It is difficult to completely absorb the US demand within the domestic market. India can diversify exports to the UK, Europe and other countries, but any meaningful shift may take time.”According to the rating agency, nearly 35% of listed textile SMEs are likely to face stress due to the uncertainty over US tariffs. Sadaka added: “Large players in the sector can absorb the losses because of their huge cash balances. But small players will face the real heat of these tariffs.”Recently, ICRA revised its outlook on the Indian apparel export industry to negative from stable, following the upward revision in US tariff rates and their consequent adverse impact on India’s overall apparel exports.ICRA expects apparel exporters’ revenues to decline by 6–9% in FY26, despite the Free Trade Agreement (FTA) with the UK and efforts to divert supplies to other geographies. Operating profit margins are forecast to compress to around 7.5% in FY26, down from 10% in FY25, due to weaker performance in the second half of FY26, led by lower volumes and reduced operational efficiency. With weaker earnings and higher working capital dependence, credit metrics are also expected to moderate, the agency said in a press release.read more :- INR Opens Stronger by 16 Paise at 88.05

Tamil nadu : Centre urged to set up Cotton Corporation of India depots in TN districtsCOIMBATORE : The South India Spinners Association (SISPA) has urged the Union textiles ministry to establish Cotton Corporation of India (CCI) depots in key districts of Tamil Nadu.At the 34th annual general body meeting of SISPA held in Coimbatore on Sunday, its newly elected president, R Arun Karthik, highlighted the challenges faced by spinning mills. He reiterated SISPA’s demand that CCI sell cotton in the domestic market at prices aligned with international market rates, a move the association believes is critical to enhancing the industry’s competitiveness.“Although certain industries in Tamil Nadu receive power subsidies, the industrial power tariff in the state is Rs 9.04 per unit, which is higher compared to other states such as Karnataka (Rs 7.75) and Maharashtra (Rs 7.38), thereby affecting the competitiveness of energy-intensive industries,” he said.Tamil Nadu: Demand to set up depots of Cotton Corporation in districtsHe urged the Tamil Nadu govt to immediately implement a power incentive scheme on a per-unit consumption basis to create a level playing field with other states and enhance the state’s industrial competitiveness. He called for the permanent abolition of network charges levied on industries generating rooftop solar energyread more:-  INR Opens Stronger by 16 Paise at 88.05

 Rupee opens 16 paise up at 88.05 as dollar index eases ahead of Fed meetingThe rupee opened at 88.05 against the US dollar after ending the previous session at 88.21.read more :- Duty levied on cotton, GST removed from farm machinery: Farmers demand

Farmers Demand MSP for Soybean, GST Exemption on Agricultural EquipmentThe Bharatiya Kisan Sangh staged a demonstration at the Krishi Upaj Mandi premises on Monday, submitting a memorandum addressed to the Prime Minister and the Chief Minister through Naib Tehsildar Krishna Patel.The organisation raised several key demands, including complete exemption of GST on agricultural inputs and equipment. It also called for a farmer-friendly import-export policy, urging that imports should be restricted during crop harvesting and ripening periods to protect domestic farmers.Farmers demanded the reimposition of import duty on cotton and opposed the entry of genetically modified (GM) crops into India. They also sought limits on land acquisition, stating it should be restricted only to development projects and national interest initiatives.Among financial demands, the Sangh called for immediate access to agricultural credit on the lines of Mudra loans and proposed increasing the Kisan Credit Card limit to ₹5 lakh. It also demanded the establishment of agricultural colleges in all districts and installation of rain measurement instruments in every gram panchayat.Highlighting irrigation and input concerns, farmer leader Suryansh Patidar said maize and soybean should be procured at the Minimum Support Price (MSP). He added that farmers have been facing a shortage of chemical fertilizers for the past two months and urged authorities to ensure timely and adequate supply. The group also demanded replacement of burnt transformers within 24 hours.Several farmer leaders, including Bharatiya Kisan Sangh Tehsil President Dinesh Patel, Vishnu Yadav, and Inder Singh Solanki, participated in the protest. They warned that if their demands are not addressed, they would launch a larger agitation.read more:-  INR Gains 05 Paise, Closes at 88.21 per Dollar

The Indian rupee on monday higher 05 paise to close at 88.21 per dollar, while it opened at 88.26 in the morning.At close, the Sensex was down 118.96 points or 0.15 percent at 81,785.74, and the Nifty was down 44.80 points or 0.18 percent at 25,069.20. About 2052 shares advanced, 1756 shares declined, and 163 shares unchanged.read more :- Cotton production-usage increased in 2025-26, stock decreased: WASDE

Global cotton output, use & trade raised in 2025-26; stocks cut: WASDEThe world cotton outlook for 2025–26 has been revised to reflect expectations for higher production, consumption, and trade, along with lower beginning and ending stocks, according to the September 2025 World Agricultural Supply and Demand Estimates (WASDE) report released by the US Department of Agriculture (USDA).Global cotton production is projected to exceed the previous estimate by over 1 million bales, as increases for China, India, and Australia more than offset declines in Turkiye, Mexico, and several West African nations. Total global production is now forecast at 117.68 million bales of 480 pounds (217.7 kg) each.The report indicates that world consumption has been raised by nearly 850,000 bales, driven mainly by increases in China and Vietnam, partially offset by a reduction in Turkiye and minor changes in several other countries. Global consumption is now pegged at 118.83 million bales, up from 117.99 million bales in the previous report.World trade is projected to rise by just over 100,000 bales, with increases for India and Australia partly offset by declines in several West African nations. Global exports are now expected at 43.70 million bales, compared to 43.59 million bales earlier.Beginning stocks for 2025–26 have been reduced by nearly 1 million bales to 74.06 million bales, down from 75.05 million last month, largely reflecting higher 2024–25 consumption in China. Consequently, ending stocks for 2025–26 have been lowered by almost 800,000 bales to 73.14 million bales, the lowest level in four years, compared to 73.91 million bales previously.For the US, the September outlook shows slightly higher production compared to last month, with no changes to exports, consumption, imports, or ending stocks. The US crop is projected 10,000 bales higher at 13.2 million bales, supported by unchanged to slightly higher planted and harvested areas across all regions. However, the national average yield has been lowered by 1 pound to 861 pounds per harvested acre.With no revisions to consumption, exports, or ending stocks, the stocks-to-use ratio remains unchanged at just over 26 per cent. The projected season-average upland cotton price for 2025–26 is steady at 64 cents per pound.read more :- CM will connect Madhya Pradesh cotton farmers with the global market