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China raises tariffs on US imports to 84%, Wall Street Futures plunge nearly 2%China has again retaliated to US tariffs, and has increased its tariffs on imported American goods to 84 percent, effective April 10. China had earlier imposed 34 percent tariff on US imports.China added 12 US entities to export control list, and six firms to its unreliable list. Consequently, Wall Street Futures were trading sharply lower, with Dow Futures trading 1.7 percent lower, S&P 500 Futures trading 1.5 percent lower and Nasdaq Futures dropping 1.3 percent lower.European indices were lower between 3-4%. Tracking the sentiment, Nymex crude futures fell by more than 5-6% to slip to $56 per barrel. Earlier in the day, China's PBoC relaxed its control over offshore yuan, sending it down to record low against the dollar.US President Donald Trump had imposed a slew of reciprocal tariffs on a number of nations on April 2, with China being charged 34 percent. Beijing promptly hit back, imposing 34 percent tariff on US imports.The trade war intensified after Trump further hiked the tariff on Chinese imports to 104 percent. China has now again retaliated, hiking its tariffs on American imports to 84 percent.read more :-CCI Ltd Cotton Purchases - 2024/25 (Up to March 31)

DETAILS OF COTTON PURCHASES MADE BY M/S CCI LTD DURING SEASON 2024/25 (UPTO 31ST MARCH) AT A GLANCE1. Under msp purview m/s cci ltd. purchased total one crore bales cotton equivalent to 525 lakhs quintals of kapas.2. This quantum comes around 38% of total arrival of 263 lakh upto 31st march of & 34% of expected 294.25 lakh bales during whole sesson.3. Value wise an amount of rs.37450 crores dispersed amongst 21 lakhs farmers throughout the country towards kapas purchased.4. Total 508 procurement centers were established in various states to facilitate the purchase.5. Tamilnadu state stood on top giving a highest sale of 40 lakh bales to cci.read more :-Indian Rupee lower 24 Paisa, Ends at 86.69 per Dollar

Rupee lower by 24 Paisa, Ends at 86.69 per DollarThe Indian rupee on wednesday lower 24 paise to close at 86.69 per dollar, while it opened at 86.45in the morning.At close, the Sensex was up 592.93 points or 0.78 percent at 76,617.44, and the Nifty was up 166.65 points or 0.72 percent at 23,332.35. About 2755 shares advanced, 1049 shares declined, and 130 shares unchanged.

Telangana Tops National Cotton Procurement, Reports CentreHyderabad :Telangana has emerged as the top state in cotton procurement for 2024-25, according to data released by the Centre on Tuesday. The Union ministry of textiles, through its nodal agency the Cotton Corporation of India Ltd. (CCI), said that it had procured one crore bales of cotton, which is equivalent to 525 lakh quintals, under the Minimum Support Price (MSP) operations by March 31, 2025. This procurement accounts for 38 per cent of the total cotton arrivals (263 lakh bales) and 34 per cent of the estimated total cotton production (294.25 lakh bales) in the country, marking a significant effort to stabilise cotton prices and support farmers.Telangana led the country with the procurement of 40 lakh bales, followed by Maharashtra with 30 lakh bales and Gujarat with 14 lakh bales. Other states that saw substantial procurement include Karnataka (5 lakh bales), Madhya Pradesh (4 lakh bales), Andhra Pradesh (4 lakh bales), and Odisha (2 lakh bales). Northern states such as Haryana, Rajasthan, and Punjab together contributed 1.15 lakh bales to the total.In all, the CCI has disbursed `37,450 crore to approximately 21 lakh cotton farmers across all major cotton-producing states. In a media statement, the textiles ministry said, "This large-scale procurement reaffirms the government’s commitment to protecting farmers from market volatility through the MSP mechanism." To ensure smooth and transparent operations, the CCI established 508 procurement centres across the country. Technological innovations have also enhanced the procurement process such as farmers now benefit from on-the-spot Aadhaar authentication, real-time SMS payment alerts, and 100 per cent direct benefit transfers via the National Automated Clearing House (NACH). The "Cott-Ally" mobile app, launched in nine regional languages, allows farmers to track MSP rates, locate procurement centres, and monitor payment status. Additionally, all CCI-produced cotton bales are now traceable through QR codes enabled by blockchain technology, ensuring transparency and accountability throughout the supply chain.read more :-Rupee opens 21 paise down at 86.45 against dollar

In relation to the US dollar, the rupee opens 21 paise lower at 86.45.Indian rupee opened 21 paise lower at 86.45 per dollar on wednesday versus tuesday 's close of 86.24.read more :-Rupee lower 36 Paisa Against Dollar, Closes at 86.24

Indian Rupee lower 36 Paisa, Ends at 86.24 per DollarThe Indian rupee on tuesday lower 36 paise to close at 86.24 per dollar, while it opened at 85.88 in the morning.At close, the Sensex was up 1,089.18 points or 1.49 percent at 74,227.08, and the Nifty was up 374.25 points or 1.69 percent at 22,535.85. About 2968 shares advanced, 843 shares declined, and 115 shares unchanged.read more :- Cotton Crisis: The Dark Story of White Gold

Cotton Crisis: The Dark Truth Behind White GoldIndian Agriculture Crisis: Cotton is a major cash crop in India and is popular in the country. Cotton is also called white gold. Cotton is cultivated mainly in the states of Maharashtra, Gujarat, Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Punjab and Haryana. This crop is important for farmers as well as industry. The country's largest agro-based industry, yarn and textile production, is based on cotton. The livelihood of millions of people depends on this industry. As the area under cotton crops has decreased by more than 2 million hectares in the last five years, it is a matter of concern for farmers, research institutes, government and industry. The main reason for the reduction in area is loss-making cotton cultivation.Cotton cultivation has been running at a loss for the last several years due to low productivity, rising production costs and low prices. It would not be an exaggeration to say that this crop has lagged behind in terms of mechanization. Therefore, all the work from planting cotton to harvesting has to be done by laborers. There is a huge shortage of workers in the state and cotton growers are worried because they are not getting any workers despite paying high wages for picking cotton. In such a situation, the question arises that why should cotton be cultivated?This is also the result of the government's misguided policy from input to export in the last two and a half to three decades. The policy of the central government is that if cotton, oilseeds and pulses are produced in the country, then they should be imported as per the requirement. When the prices of cotton start increasing, the industrial sector also gives priority to import. But fulfilling the requirement by import has never been a good option, especially in today's changing global situation.The newly appointed director of CICR claimed that efforts will be made to provide advanced hybrid varieties at the departmental level to increase the productivity of cotton and cooperation will be taken from organizations across the country to control the pink caterpillar. He will definitely make efforts in this direction, but he will also have to find an answer to who stopped this organization from doing so in the last two and a half decades. CICR has repeatedly announced that it will identify the reasons for low productivity and develop action plans to increase productivity. But they have not been successful so far. The central and state governments have also failed repeatedly in this. There is also turmoil in the matter of cotton picking machines in the country.If cotton productivity is to be increased in the country and this crop has to become profitable for the producers, then extensive research has to be done on its varieties. Producers should get BT cotton directly. Adoption of advanced farming techniques in cotton cultivation has to be increased. Cotton cultivation has to be brought under irrigation. Producers have to effectively control pink caterpillar. All operations from planting of cotton to harvesting should be mechanized.Intensive cultivation of indigenous varieties of long-term crops has been found to increase productivity. In such a situation, intensive cultivation of indigenous varieties will have to be increased to 20 percent. Cotton prices in the country should be determined on the basis of the percentage of cotton present in it. The entire process of 'cotton to cloth' should take place in the same area where cotton is grown. Producers should have a share in the value addition of cotton. Such measures will make cotton cultivation more cost-effective and contribute to the development of the sector.read more :- Season-wise Statement of Total Domestic Cotton Production and Procurement by CCI Under MSP Provisions Over the Last Six Years

Domestic Cotton Output Falls, CCI Revives MSP Procurement in 2024-25 SeasonAfter a prolonged lull, the Cotton Corporation of India (CCI) has made a strong comeback in procuring cotton under the Minimum Support Price (MSP) mechanism in the 2024-25 season.As per official estimates, domestic cotton production is expected to decline to 294.25 lakh bales (170 kg each), compared to 325.22 lakh bales in the previous 2023-24 season. Despite the drop in output, CCI has procured 99.93 lakh bales as of March 28, 2025, reflecting a significant rise in procurement activity, with the share reaching 33.96%.This marks a notable shift after two consecutive seasons (2021-22 and 2022-23) when no MSP procurement was carried out, even though production remained relatively high at 311.17 lakh and 336.60 lakh bales, respectively.The last major procurement drive was seen in the 2020-21 season, when CCI purchased 99.33 lakh bales out of a total production of 352.48 lakh bales, accounting for 28.18% procurement. In 2019-20, CCI had procured 124.61 lakh bales, which was 19.62% of the total output of 365 lakh bales.With nearly 100 lakh bales procured so far, the 2024-25 season records the second-highest procurement in the last six years. This reflects CCI’s proactive approach to stabilise market prices and provide support to farmers amid declining production.Market experts believe that increased MSP procurement by CCI could help balance supply-demand dynamics and ensure better price realisation for cotton growers.Read More :- Rupee Opens 4 Paise Lower at 85.88 Against Dollar

Indian rupee opens 4 paise lower at 85.88 against US dollarThe Indian rupee opened 4 paise lower on April 8 at 85.88 against the US dollar, as compared to 85.84 against the greenback in the previous trading session.read more :-AUSTRALIAN COTTON SHIPPERS ASSOCIATION (ACSA) Delegation Visits CAI Headquarters

ACSA Delegation Visits CAI HQKey Insights from the Seminar :1. Annual Production: Australia produces approximately 5 million bales of cotton annually.2. Farming Community: The industry comprises around 1,500 cotton farmers.3. Landholding Size: Each farmer holds an average of 577 hectares.4. High Yield: Australian cotton achieves an average yield of 2,400 kg per hectare.5. Outturn: The kapas outturn ranges from 42% to 44%.6. Seed Size: Australian cotton seeds are smaller in size.7. Seed Distribution: Seeds are distributed by the government.8. Seed Provider: Only one company’s seeds are approved and used by farmers.9. Ginning Practice: Farmers do not sell kapas directly. Instead, they have it ginned at private ginning units by paying ginning and pressing charges, after which they sell the cotton lint and seed separately.10. Cotton Cake Usage: Primarily used in cattle farms and also exported to China.11. Primary Growing Region: Cotton in Australia is predominantly grown in Queensland.12. Fibre Quality : Staple Length: Averages 29 mm, ranging from 28.5 to 31 mm. Micronaire: Falls between 4.0 to 4.9.13. Yield Trade-off: Growing cotton with longer fibre and lower micronaire significantly reduces yield.read more :-Indian Rupee lower 10 Paisa, Ends at 85.84 per Dollar

Rupee lower 10 Paisa Against Dollar, Closes at 85.84The Indian rupee on monday lower 10 paise to close at 85.84 per dollar, while it opened at 85.74 in the morning.At close, the Sensex was down 2,226.79 points or 2.95 percent at 73,137.90, and the Nifty was down 742.85 points or 3.24 percent at 22,161.60. About 559 shares advanced, 3372 shares declined, and 137 shares unchanged. read more :-CCI Cotton Production and Purchases: Last 6 Years