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Kisan Sabha Concerned Over Shrinking Cotton Acreage in Haryana; Questions Central Government PoliciesThe Haryana unit of the All India Kisan Sabha (AIKS) has expressed serious concern over the continuously declining acreage of cotton cultivation in the state. The organization states that this drop in cotton production could have a far-reaching impact on farmers' incomes, the rural economy, and the country's cotton sector. This issue was discussed in detail during a meeting of the AIKS state-level committee held in Rohtak on Monday.It was noted during the meeting that the area under cotton cultivation is steadily shrinking in Haryana's major cotton-producing districts—Sirsa, Fatehabad, Hisar, Bhiwani, Rewari, and Mahendragarh. Blaming the central government's policies for this trend, Kisan Sabha leaders stated that farmers are moving away from cotton cultivation because they are not receiving remunerative prices or adequate protection.The meeting was presided over by AIKS State President Master Balbir Singh. Criticizing the central government's decision to remove the 11 percent import duty on cotton, he argued that this would increase pressure from cheap imported cotton and cause losses to domestic producers. According to him, this decision could further weaken the position of cotton farmers who are already grappling with economic challenges.Highlighting the struggle of farmers in Bhiwani and Dadri, AIKS National Vice President Inderjit Singh noted that farmers had agitated for nearly ten months to secure insurance claims for Kharif crops damaged in 2023. Following sustained pressure, the government approved compensation of ₹375 crore for crop loss, yet several issues regarding its disbursement persist. He demanded that the approved compensation amount be transferred to the farmers' accounts without delay.Dissatisfaction was also expressed regarding the recently announced Minimum Support Price (MSP) for Kharif crops. Farmer leaders argued that the hike in MSP is insufficient given the rising costs of cultivation and is unlikely to provide the expected relief to farmers.  READ MORE :- Trump Says Israel and Iran Seek Immediate Ceasefire, Peace Talks Underway

US President Donald Trump Says Israel and Iran Seeking Immediate Ceasefire; Peace Negotiations OngoingUS President Donald Trump on June 8 (IST) said that Israel and Iran are seeking an immediate ceasefire, adding that final negotiations aimed at reaching a broader peace agreement are currently underway.In a post on his Truth Social platform, Trump stated that both countries are looking to halt hostilities and move toward a negotiated settlement. He noted, however, that existing restrictions would remain in place until a comprehensive agreement is finalised.“Both sides, Israel and Iran, are looking to do an immediate CEASEFIRE! Final negotiations on ‘Peace’ are proceeding,” Trump wrote. He also cautioned that progress should not be hindered by “ignorance or stupidity.”Trump further said that the blockade would remain “in full force and effect” until a “Final Deal” is reached, indicating that current measures would stay in place pending the successful conclusion of peace talks.

$40 Million Investment in Odisha's Textile Sector; 12,500 Jobs ExpectedOdisha has recently secured new investments worth US$40 million (over ₹300 crore) in the textile and apparel sector. These projects are expected to generate approximately 12,500 new jobs in the state, positioning the sector as a major source of employment.The largest employment-generating project is an apparel manufacturing unit by Nandraj Textiles Private Limited in Khurda district. The company will invest ₹168.64 crore (approximately $17.70 million) in this project, which is expected to provide employment to 10,306 people. This is considered one of the state's most significant job-creating investments in recent years.Additionally, Shahi Exports Private Limited has received approval to set up a knitted garment manufacturing unit in Sambalpur with an investment of ₹145.5 crore ($15.27 million). This project is likely to create around 1,840 jobs and strengthen the state's apparel manufacturing ecosystem.Maa Taratarini Textile Park Private Limited will develop an integrated textile project in Ganjam district with an investment of ₹70 crore ($7.34 million), creating approximately 350 jobs.All these projects have been approved by the State Level Single Window Clearance Authority (SLSWCA). The government aims to spread industrial development across various districts of the state rather than limiting it to a few select areas.Apart from Khurda, investment proposals have also been approved for districts such as Koraput, Sambalpur, Jajpur, Jharsuguda, Dhenkanal, Balangir, Keonjhar, and Mayurbhanj, fostering balanced industrial growth and job creation across Odisha.READ MORE :- Karur Textile Industry Hit by Cotton Yarn Price Surge

Karur’s Textile Industry Under Pressure Due to Surge in Cotton Yarn PricesKarur: A sharp rise in cotton yarn prices—driven by ongoing geopolitical tensions in West Asia and disruptions in global supply chains—has placed the textile industry in Karur, a major textile hub in Tamil Nadu, under significant pressure. Industry representatives state that rising raw material costs are impacting both production and export activities.According to industry sources, textile manufacturers in Karur rely primarily on spinning mills in Coimbatore, Dindigul, Virudhunagar, and Vellakoil for their yarn requirements. Over the past six weeks, an imbalance between supply and demand has caused the price of coarse-count cotton yarn to surge by 30 to 40 percent. Prices for high-count yarn have risen from approximately ₹300 per kilogram to ₹400 per kilogram—an increase the industry considers extraordinary.Although the central government granted relief on cotton import duties in response to demands from the textile industry, traders in Karur argue that the benefits have primarily accrued to garment manufacturers in Tiruppur. While prices for yarn used in the garment sector have dropped by 3 to 4 percent, there has been no significant impact on the prices of the coarse yarn used in Karur.P. Gopalakrishnan, President of the Karur Textile Manufacturers and Exporters Association, stated that the current surge in cotton yarn prices is unprecedented and has severely impacted the industry's cost structure. He emphasized that price stability is essential for the smooth operation of the industry.Industry bodies have urged both the central and state governments to intervene. According to traders, escalating tensions between the US and Iran have affected global trade and shipping, leading to price hikes for essential items such as polyester, dyeing chemicals, polyethylene, and packaging materials. Exporters believe that if this situation persists, it could have a negative impact on the competitiveness, export growth, and employment opportunities of Karur's textile industry.read more :- Rupee Opens 23 Paise Stronger at 95.48 Against Dollar

The rupee opened 23 paise stronger at 95.48 against the USD.On Tuesday, the Indian rupee opened 23 paise stronger against the dollar at 95.48, whereas it had closed at 95.71 on Monday. READ MORE :- The rupee ended 40 paise lower at 95.71 against the dollar.

On Monday the Indian Rupee lower by 40 paise to close at 95.71 against the US dollar, after opening at 95.31 in morning trade.At close, the Sensex was down 719.08 points or 0.97 percent at 73,524.26, and the Nifty was down 243.70 points or 1.04 percent at 23,123.00. About 1172 shares advanced, 3007 shares declined, and 154 shares unchanged.read more :- Cotton Duty Waiver Boosts Gujarat Textile Sector

Relief for Gujarat's Textile Sector from Cotton Import Duty WaiverAhmedabad: Gujarat's textile industry has welcomed the Central Government's decision to suspend the 11% import duty on cotton until October 30. Industry stakeholders believe this move will reduce raw material costs and enhance the competitiveness of Indian textile products in the global market.In recent months, domestic cotton prices had surged to ₹68,500 per candy, driving up costs for spinning mills, fabric manufacturers, and garment exporters. The industry states that the duty waiver will improve cotton availability and help keep prices in check.Chintan Thaker, Chairman of the ASSOCHAM Gujarat State Council, noted that imports are primarily limited to Extra-Long Staple (ELS) cotton, which is not a substitute for Indian cotton. According to him, this decision will help reduce production costs for textile manufacturers and exporters. Furthermore, the availability of superior quality fiber will improve product quality and make it easier to meet the requirements of global brands.Rahul Shah, Co-Chairman of the Textile Committee at the Gujarat Chamber of Commerce and Industry (GCCI), stated that raw cotton prices have dropped by approximately ₹4,000 per candy following the announcement of the duty waiver. This will lower input costs for mills and improve operating margins, particularly for export-oriented companies.Jayesh Patel, Senior Vice President of the Spinners Association Gujarat (SAG), mentioned that while Indian spinning mills are receiving strong export orders from China and Bangladesh, high domestic cotton prices had posed a challenge. He believes the import duty waiver will ease pressure on cotton and yarn prices, enabling the Indian textile industry to become more competitive globally.read more :- Maharashtra Cotton Acreage Set to Rise

Cotton Acreage Expected to Rise in Maharashtra for Kharif 2026-27Cotton cultivation acreage in Maharashtra is likely to increase by 10–15% during the Kharif 2026-27 season. According to Agriculture Department officials, farmers—particularly in the Vidarbha and Marathwada regions—are prioritizing cotton over soybean due to the sharp rise in cotton prices in both domestic and international markets.Officials state that better market demand and the prospect of higher profits are attracting farmers to cotton. Soybean growers suffered heavy losses last season; many had to sell their produce at ₹4,000–4,500 per quintal, well below the Minimum Support Price (MSP) of ₹5,328 per quintal. In contrast, cotton prices reached ₹9,000–9,500 per quintal in April and May, significantly exceeding the MSP.Ashok Bhutada, a farmer from Yavatmal, mentioned that he cultivated cotton on 16 acres last year and plans to expand this to 20–21 acres this time. He believes that amidst changing weather patterns and erratic rainfall, cotton has emerged as a relatively safer option compared to soybean.The Agriculture Department observes that this trend is visible across several districts in Vidarbha and Marathwada. However, experts have cautioned farmers against making decisions based solely on current high prices. Farmer leader Vijay Jawandhia notes that the current surge in cotton prices is linked to international market conditions, and there is no guarantee that prices will remain at this level by the time the crop hits the market.Despite cotton's growing popularity, associated risks remain. In 2025-26, cotton production in the state dropped by approximately 47% to 51 lakh metric tonnes, primarily due to excessive, unseasonal rainfall and hailstorms. Concerns regarding deficient rainfall in several districts persist for the upcoming season as well. Experts believe that high market prices alone are not sufficient to ensure farmers' income. Only an effective procurement system, fair prices, and better agricultural guidance can provide farmers with genuine economic security.read more :- Heavy Rain Alert in Kerala

Monsoon Active in Kerala; Heavy Rain Warning for Next 7 DaysThe Southwest Monsoon arrived in Kerala on June 4, 2026, leading to an intensification of rainfall across the state. Several regions were already saturated due to pre-monsoon showers, and a spell of moderate to heavy rain has now commenced. According to the Meteorological Department, heavy rainfall is likely to continue in Kerala for the next week.June and July are considered the wettest months for Kerala. On average, the state receives around 650 mm of rainfall during this period, accounting for approximately 70 percent of the total monsoon season's rainfall. Consequently, this time of year is regarded as crucial and sensitive for the state.Impact of the Active System in the Arabian SeaA cyclonic circulation has developed in the mid-levels of the atmosphere—at an altitude of approximately 10,000 to 15,000 feet—over the east-central Arabian Sea, near the coasts of Goa and North Karnataka. This system has strengthened the monsoon's westerly winds, causing them to strike the Western Ghats with greater force and resulting in continuous rainfall.Heavy rainfall has been recorded over the past 24 hours in several districts, including Kochi, Kozhikode, Kottayam, and Kannur. The impact of this system has also been observed in the coastal regions of Karnataka, such as Honnavar and Karwar.Impact Likely to Intensify in the Coming DaysThe Meteorological Department forecasts that this cyclonic circulation will remain active for the next few days. While it is unlikely to evolve into a major, powerful storm system, it will keep the monsoon winds consistently active.There is a risk of heavy to very heavy rainfall across the entire Kerala coast, stretching from Thiruvananthapuram to Kozhikode. The intensity and spread of the rainfall are expected to increase further between June 7 and June 11, 2026. Risk of Floods and LandslidesContinuous rainfall has led to waterlogging in several areas and a rise in river water levels, while also increasing the likelihood of landslides in hilly regions. The administration has urged people to remain vigilant and avoid unnecessary travel.read more :- State-wise CCI Cotton Sales Update

State-wise CCI Cotton Sales Details – 2025-26 SeasonThe Cotton Corporation of India (CCI) reduced its cotton candy prices by upto ₹700 per candy during this week . CCI has sold approximately 70,40,400 cotton bales for the 2025-26 season. Sales are highly concentrated in a few major cotton-producing states, Maharashtra, Telangana and Gujarat emerging as the leading contributors.

The rupee opened 37 paise lower at 95.31 against the USD.On Monday, the Indian rupee opened 37 paise lower against the dollar at 95.31, whereas it had closed at 94.94 on Friday.READ MORE :- CCI Cuts Cotton Prices by ₹700 per Candy