Recent News

India's Cotton Carry-Forward Stock Likely to Rise 42% Driven by Surge in Duty-Free ImportsAccording to investment advisory firm Kedia Advisory, India's cotton carry-forward stock for the 2026-27 season is projected to rise by 42%, exceeding 85 lakh bales. This increase is attributed to the sharp rise in imports following the government's decision to waive import duties on cotton.Experts believe that increased imports will improve cotton availability within the country, ensuring the next season begins with a robust opening stock. This will provide the domestic textile industry with greater security regarding raw material supplies.According to the Cotton Association of India (CAI), cotton imports in the 2025-26 marketing season could reach 60–65 lakh bales (170 kg per bale). This is significantly higher than the earlier estimate of 47 lakh bales. By the end of May, imports had already reached 43.5 lakh bales, marking an increase of approximately 32% compared to the same period last year. Industry experts estimate that the duty exemption could lead to the import of an additional 15 lakh bales of cotton.Consequently, India's carry-forward stock for the 2026-27 season—commencing in October 2026—is projected to stand at 85.59 lakh bales, up from approximately 60 lakh bales in the previous season. This represents a likely increase of around 42% in stock levels.The CAI has maintained its estimate for the country's cotton production in the 2025-26 season at 334 lakh bales. Cotton pressing stood at 322.35 lakh bales by the end of May, while exports for the entire season are estimated at 10 lakh bales. Although the price gap between domestic and global cotton is narrow, textile mills continue to prefer imported cotton. Industry sources indicate that imported fiber yields superior quality yarn—estimated to be about 4% better in quality. Furthermore, yarn produced from imported cotton commands a market premium of approximately ₹7 per kilogram, making it a more profitable option for spinning mills.By the end of May, the country's total cotton stock was estimated at 191.44 lakh bales. Of this, mills held around 82 lakh bales, while the remainder was distributed among the Cotton Corporation of India, traders, ginners, and multinational companies.Analysts believe that high levels of imports will bolster cotton availability in the domestic market, help meet the textile industry's demand for high-quality raw material, and further strengthen supply security for the 2026-27 season.READ MORE :- Surendranagar Cotton Merchants Discuss Market Trends, NCDEX Risk Management Strategies

Surendranagar Cotton Merchants Discuss Market Trends and Risk Management at Association MeetingAn important meeting of the Surendranagar Cotton Merchant Association was held at Hotel President, bringing together cotton traders and industry stakeholders to discuss the current cotton market scenario, trade prospects, and future business opportunities.The meeting was attended by association members including Y.B. Rana, Nareshbhai Sangeetham, Ajitsinh Parmar, Chandrasinh Parmar, Ramdevsinh Rana, and a large number of local cotton merchants.Special guests Ajaybhai Sharma and Chandan Bhagat, who visited from Mumbai under the guidance of Shaileshbhai Shah, provided detailed insights into the functioning of the National Commodity and Derivatives Exchange (NCDEX).The experts briefed participants on cotton futures trading, hedging strategies to mitigate price risks, and effective trading practices based on market trends and analysis. They also highlighted the importance of risk management and the use of modern trading tools in navigating volatile market conditions.During the interactive session, traders raised several queries and concerns related to cotton trading and market fluctuations. The experts addressed these questions in detail, helping participants gain a better understanding of market dynamics and risk-management techniques.The meeting served as a valuable platform for knowledge-sharing and strengthening awareness among cotton traders about emerging opportunities and best practices in the evolving cotton trade sector.READ MORE :- Bt Cotton Under Scrutiny as Pink Bollworm Threatens Cotton Farming

The Crisis in Cotton Cultivation and Questions Surrounding Bt CottonCotton cultivation is becoming increasingly less profitable across many cotton-growing regions in India. Concurrently, concerns among farmers and agricultural organizations regarding the genetically modified (GM) crop, Bt cotton, have mounted. Recently, the All India Kisan Sabha (AIKS) highlighted a sharp decline in cotton production within Haryana's cotton belt. According to the organization, escalating attacks by the pink bollworm have severely damaged Bt cotton crops—crops that were originally marketed to farmers as pest-resistant.Data indicates a significant reduction in the area under cotton cultivation in Haryana over the past few years. Similar issues have surfaced in major cotton-producing states such as Punjab, Rajasthan, and Maharashtra. Many farmers report having to use larger quantities of pesticides for pest control, thereby driving up cultivation costs.Various research studies have also raised questions regarding the long-term efficacy of Bt cotton. A study published in 2020 revealed that farmers in many regions are spending more on pesticides than they did prior to the introduction of Bt cotton. A 2022 survey conducted in Telangana found that the majority of farmers complained of pink bollworm infestations, which adversely affected both production and income.Critics argue that the initial benefits of Bt cotton have diminished over time. They contend that the observed increase in yields was not solely due to Bt technology but also resulted from improved irrigation, favorable weather conditions, and the use of advanced hybrid seeds. Furthermore, the growing control of large corporations over the seed market and the dwindling availability of non-Bt seeds are also viewed as matters of concern.Based on these experiences, many experts are advocating for the promotion of sustainable alternatives such as agroecology, crop diversification, and integrated pest management. They believe that a re-evaluation of the current cotton production system is essential to ensure farmers' income, environmental balance, and the long-term sustainability of agriculture.READ MORE :- Rupee Opens 8 Paise Higher at 94.63 Against US Dollar

The rupee opened 8 paise higher at 94.63 against the USD.On Tuesday, the Indian rupee opened 8 paise higher against the dollar at 94.63, whereas it had closed at 94.71 on Monday.READ MORE :- The rupee lower by 03 paise against the dollar to close at 94.71

On Monday the Indian Rupee lower by 03 paise to close at 94.71 against the US dollar, after opening at 94.68 in morning trade.At close, the Sensex was up 736.38 points or 0.97 percent at 76,264.33, and the Nifty was up 231 points or 0.98 percent at 23,853.90. About 2973 shares advanced, 1245 shares declined, and 185 shares unchanged.read more :- Aravalli Farmers Begin Groundnut, Cotton Sowing Despite Rain Uncertainty

The Crisis in Cotton Cultivation and Questions Surrounding Bt CottonCotton cultivation is becoming increasingly less profitable across many cotton-growing regions in India. Concurrently, concerns among farmers and agricultural organizations regarding the genetically modified (GM) crop, Bt cotton, have mounted. Recently, the All India Kisan Sabha (AIKS) highlighted a sharp decline in cotton production within Haryana's cotton belt. According to the organization, escalating attacks by the pink bollworm have severely damaged Bt cotton crops—crops that were originally marketed to farmers as pest-resistant.Data indicates a significant reduction in the area under cotton cultivation in Haryana over the past few years. Similar issues have surfaced in major cotton-producing states such as Punjab, Rajasthan, and Maharashtra. Many farmers report having to use larger quantities of pesticides for pest control, thereby driving up cultivation costs.Various research studies have also raised questions regarding the long-term efficacy of Bt cotton. A study published in 2020 revealed that farmers in many regions are spending more on pesticides than they did prior to the introduction of Bt cotton. A 2022 survey conducted in Telangana found that the majority of farmers complained of pink bollworm infestations, which adversely affected both production and income.Critics argue that the initial benefits of Bt cotton have diminished over time. They contend that the observed increase in yields was not solely due to Bt technology but also resulted from improved irrigation, favorable weather conditions, and the use of advanced hybrid seeds. Furthermore, the growing control of large corporations over the seed market and the dwindling availability of non-Bt seeds are also viewed as matters of concern.Based on these experiences, many experts are advocating for the promotion of sustainable alternatives such as agroecology, crop diversification, and integrated pest management. They believe that a re-evaluation of the current cotton production system is essential to ensure farmers' income, environmental balance, and the long-term sustainability of agriculture.READ MORE :- Oil Prices Fall After US-Iran Deal Framework Announcement

Oil prices drop following news of US-Iran dealA sharp decline in oil prices was recorded in Asian markets on Monday. This drop occurred after Pakistan—acting as a mediator in efforts to ease tensions between the US and Iran—announced a framework deal for a potential agreement.US President Donald Trump stated that under this agreement, the Strait of Hormuz, a crucial shipping route, would be reopened.The price of the global oil benchmark, Brent Crude, fell by 4.8% to $83.18 per barrel, while US crude oil dropped 5.6% to reach $80.13 per barrel. Pakistan's Prime Minister Shehbaz Sharif announced that the official signing ceremony for the agreement would be held in Switzerland on June 19.Iran's Deputy Foreign Minister, Kazem Gharibabadi, confirmed via a telephone interview on state television that the agreement with the US had been finalized. Meanwhile, Trump wrote on social media, "Let the oil flow!"However, Vandana Hari, founder of the energy market analysis firm Vanda Insights, notes that the lack of information regarding the agreement's actual nature and terms could increase anxiety and uncertainty among investors.According to her, volatility and uncertainty are likely to persist in the oil market for the next few days until full details of the agreement are revealed.It is worth noting that tensions over the Strait of Hormuz had escalated following airstrikes carried out by the US and Israel against Iran on February 28. Tehran had threatened to target ships passing through this vital maritime route.This waterway is considered critical to global energy supplies, as approximately 20% of the world's oil and significant quantities of liquefied natural gas (LNG) are transported through it.READ MORE :- Rupee Opens 43 Paise Higher Against Dollar at 94.68

The rupee opened 43 paise higher at 94.68 against the USD.On Monday, the Indian rupee opened 43 paise higher against the dollar at 94.68, whereas it had closed at 95.11 on Friday.READ MORE :- CCI Cuts Cotton Prices by ₹2,500

CCI Cuts Cotton Prices by ₹2,500 per Candy; Season Sales Cross 70.85 Lakh BalesThe Cotton Corporation of India (CCI) reduced its Cotton Candy prices by ₹2,500 per candy during the week of June 8–June 12, 2026. The auctions witnessed strong participation from mills and traders, resulting weekly sales of about 44,900 bales from the 2025–26 season.Day-wise Auction PerformanceJune 8, 2026 (Monday)The week started on a strong note, recording the highest single-day sales of 28,600 bales. Mills purchased 8,500 bales, while traders led the buying activity with 20,100 bales.June 9, 2026 (Tuesday)Auction activity moderated slightly, with total sales of 7,900 bales. Mills bought 6,500 bales, whereas traders purchased 1,400 bales.June 10, 2026 (Wednesday)Sales volume declined further, with 2,400 bales sold during both the session. Mills purchased 1,300 bales, while traders bought 1,100 bales.June 11, 2026 (Thursday)CCI reported total sales of 2,600 bales during the day. Mills accounted for 700 bales, while traders purchased 1,900 bales.June 12, 2026 (Friday):The week ended with total sales of 3,400 bales. Mills purchased 1,300 bales, while traders purchased 2,100 bales.Cumulative Sales Update CCI’s total sales have reached: 2025–26 season: 70,85,300 bales

Blueprint Ready for Kalaburagi Textile Park Under PM MITRA Scheme; Construction to Begin SoonBengaluru: The Karnataka government has finalized the infrastructure blueprint and administrative framework for the first phase of the mega textile park being developed in Kalaburagi under the Centre's PM MITRA (Pradhan Mantri Mega Integrated Textile Region and Apparel) scheme. This paves the way for construction work on the project to commence in the coming months.Priyank Kharge, Minister for Home, IT-BT, and e-Governance, stated after a high-level review meeting at Vikasa Soudha that the necessary preliminary preparations for the project's smooth and timely implementation have been completed. The state government has allocated ₹75 crore for this project in the 2026-27 budget.With a projected investment exceeding ₹1,800 crore, this project is a key industrial initiative for the Kalyana Karnataka region. In the first phase, an area of approximately 1,000 acres will be developed around the villages of Honna Kiranagi, Nadisinnur, and Firozabad, near the Kalaburagi-Jevargi highway.Based on the Centre's '5F' vision—Farm to Fiber, Fiber to Factory, Factory to Fashion, and Fashion to Foreign—this park will be developed as an integrated textile manufacturing hub. It is expected to generate over one lakh direct jobs and two to three lakh indirect jobs.The first phase includes land development, construction of internal roads, an RCC drainage network, an underground power distribution system, and the installation of solar-powered streetlights. Large reservoirs will be constructed for water supply, while a 2.5 MLD capacity Zero Liquid Discharge (ZLD)-based Common Effluent Treatment Plant (CETP) will be established for environmental protection.The Central government approved this project in 2023. Kalaburagi was selected for the PM MITRA park in view of the region's strong cotton production potential.read more :- India Textile Industry Targets $350 Billion by 2030

Tamil Nadu’s Textile Industry Boosts Competitive Edge Through Value Addition and InnovationDespite global challenges such as tariffs, currency exchange rate fluctuations, inflation, and geopolitical tensions, Tamil Nadu's textile industry is forging ahead strongly. Moving beyond a reliance solely on production capacity, the industry is now exploring new growth avenues through value addition, product diversification, and research and development (R&D).Tamil Nadu is a key hub of India's textile sector. The state houses 1,861 of the country's 3,376 spinning mills, accounting for approximately 46 percent of the total spinning capacity. Coimbatore serves as the primary hub for the spinning industry, while Karur is known for home textiles, and Erode for weaving and processing activities.Industry players report that demand for textile products remains stable despite global uncertainties. Consequently, many companies are increasing investments in emerging segments such as home textiles, specialty yarns, and technical textiles. Special emphasis is also being placed on developing products based on organic, recycled, and alternative fibers.Companies are now focusing on specialized products to achieve better margins and long-term competitiveness. Segments such as polyester-viscose blends, ultra-fine fibers, protective garments, and military textiles are rapidly gaining popularity. Many manufacturers are also working with alternative raw materials like hemp and banana fiber.A positive sentiment prevails in industrial clusters such as Tiruppur and Erode. The market is witnessing shorter product cycles, increased customization, and fewer repeat orders, prompting companies to shift towards order-based production models.Simultaneously, many manufacturers are strengthening vertical integration by investing in facilities for yarn dyeing, fabric processing, digital printing, and garment manufacturing. Industry experts believe that future success will be determined not merely by large-scale production, but by innovation, differentiation, and the ability to develop solutions tailored to the changing needs of customers.read more :- India Textile Industry Targets $350 Billion by 2030