The Indian rupee on Wednesday lower 09 paise to close at 92.03 per dollar, while it opened at 91.94 in the morning.At close, the Sensex was down 1,342.27 points or 1.72 percent at 76,863.71, and the Nifty was down 394.75 points or 1.63 percent at 23,866.85. About 1807 shares advanced, 2277 shares declined, and 138 shares unchanged.read more :- Crude Spike Could Push Textile Prices Up 20%
Crude price spike threaten 20% rise in textile pricesSurat: A surge in crude oil and coal prices, triggered by global tensions, is squeezing Surat's textile industry, pushing up production costs and raising concerns of a steep rise in the prices of sarees, dress materials and garments.Industry players said MMF prices could rise by around 20% as the cost of chemicals, yarn, weaving and processing has increased in recent days. Surat, which has a daily production capacity of around 6 crore metres of greige fabric, is already witnessing the impact of rising input costs and weak market demand.Crude oil, which was trading at around $75 a barrel a week ago, surged to $120 a barrel on Monday, before dropping sharply to about $92. The volatility has directly impacted petroleum-based yarn products, particularly polyester and nylon. In several yarn categories, prices have increased by Rs 10 to Rs 30 per kg, adding to the burden on manufacturers."There is a sharp rise in yarn prices and, in the current scenario, weavers prefer to stop buying and observe a holiday for one or two days a week. For a small weaver, it is not affordable to continue business in such conditions," said Mayur Golwala, secretary of Sachin Industrial Society.Weaving units in Surat are buying yarn cautiously at higher prices as fabric demand remains weak. "Yarn prices are rising due to higher raw material costs, while fabric demand is low, so we are not getting good prices. Major markets like Dubai are also stagnant, limiting orders," said Vijay Mevawala, former president of the Southern Gujarat Chamber of Commerce and Industry (SGCCI)."The cost of yarn manufacturing is rising due to the war and increasing crude prices. These prices depend largely on international factors," said Himanshu Jariwala, a yarn manufacturer.Traders said the market is unusually slow at a time when production typically gathers pace ahead of the festive season, when demand for textile products generally rises. "There is already slow business in textiles at present. If the situation continues, it could push finished product prices up by at least 20%," said Kailash Hakim, president of the Federation of Textile Traders Association (FOSTTA) Forum.The pressure has intensified further with coal prices rising by nearly 35% over the past 15 days. Textile processors, who depend heavily on coal for operations, have started increasing processing charges to offset the higher fuel costs.read more :- Textile recycling market in India estimated at $3.5 billion by 2030
India's textile recycling market is estimated to reach $3.5 billion by 2030, could add 1 lakh jobs: ReportThe report, “Mapping the Textile Waste Value Chain in India”, highlights the country’s strong potential to lead the global shift towards sustainable and circular textile production.About 70.73 lakh tonnes of textile waste is generated every year in India. Of this, 42% comes from pre-consumer sources (manufacturing waste) and 58% from post-consumer disposal. More than 70% of the total waste is recovered and directed to recycling, reusing, upcycling or downcycling.The study has also identified Panipat as a major hub for mechanical textile recycling, where waste from several textile clusters is taken for processing. Developing recycling facilities close to textile hubs can improve efficiency and strengthen India's circular textile ecosystem.About 95% of pre-consumer waste is recovered, while the spinning sector reuses almost 100% of its waste within production through closed-loop processes. Additionally, approximately 55% of post-consumer textile waste is diverted from landfills through extensive informal collection and sorting networks.This informal ecosystem supports the livelihood of 40-45 lakh people, mainly women from marginalized communities who are involved in collecting, sorting and redistributing used textiles.read more :- Rupee Opens 14 Paise Lower at 91.94
Rupee Opens 14 Paise Lower at 91.94/USDThe Indian Rupee opened 14 paise lower at 91.94 against the dollar on Wednesday, compared to its Tuesday close of 91.80.READ MORE :- The rupee closed 13 paisa higher against the dollar at 91.80
On Tuesday the Indian rupee opened at 91.93 against the dollar and closed 13 paisa higher at 91.80.At close, the Sensex was up 639.82 points or 0.82 percent at 78,205.98, and the Nifty was up 233.55 points or 0.97 percent at 24,261.60. About 2998 shares advanced, 1111 shares declined, and 125 shares unchanged.read more :- Shortage of laborers in Maregaon, cotton picking affected
Cotton picking affected due to shortage of laborers in Maregaon areaCotton picking season is currently going on in Maregaon (Maharashtra) station area and surrounding villages, but farmers are not getting enough laborers to pick cotton. At present, laborers are being paid at the rate of Rs 20 to 25 per kg for picking cotton, yet cotton is still lying in many fields because the laborers are not ready to work on daily wages.Due to shortage of labourers, cotton is not being plucked on time in many fields. Farmers say that if cotton is not plucked on time, the chances of it getting spoiled and getting wasted increases. In such a situation, low production, low prices in the market and shortage of laborers – these three problems have increased the concern of the farmers.Along with this, cotton is also being purchased at low prices in many villages of the area. Farmers say that to grow cotton, they have to spend heavily on fertilizers, seeds, medicines and labor, but due to not getting fair price at the time of sale, they get very little profit. Farmers have demanded the government to pay serious attention to this problem and find a suitable solution.read more :- UK said: India-UK FTA now focused on delivery
India-UK FTA focus 'decisively shifted from signing to delivery': UK The focus of the India-UK Free Trade Agreement (CETA) has ‘decisively shifted from signing to delivery’, and that work is progressing apace, according to Jason Stockwood, UK Minister of State in the Department for Business and Trade and HM Treasury.The agreement is expected to “enter into force before the end of Spring,” Stockwood, who was speaking during a debate on the CETA in the House of Lords recently, said.The British Parliament is in the process of ratifying the agreement, with peers and MPs debating all aspects of the agreement in both houses before implementation expected by next month. The deal is set to unlock £25.5 billion in bilateral trade by 2040.Stockwood went on to describe the CETA as a ‘momentous achievement’, which goes well beyond ‘India’s precedent’ to open the door for UK businesses.“India will drop tariffs on 90 per cent of its lines, covering 92 per cent of current UK exports, giving the UK tariff savings of £400 million per year immediately on entry into force. This will rise to £900 million per year 10 years from now, even if there is no increase in trade. India’s average tariff will fall from 15 per cent to 3 per cent,” Stockwood highlighted.The United Kingdom logged £47.2 billion pounds in trade with India in last year, up by 15 per cent year on year, making India the country’s 11th-largest trading partner, the minister revealed.“Only the UK has secured access to India’s £38 billion federal procurement market,” he pointed out.Several others noted ‘missed opportunities’, with the pact being heavily weighted towards goods and leaving considerable scope for further work on services and investment facilitation.read more :- Rupee Opens 40 Paise Higher at 91.93
Rupee Opens 40 Paise Higher at 91.93/USDThe Indian Rupee opened 40 paise higher on Tuesday at 91.93 against the dollar, compared to its closing level of 92.33 on Monday.READ MORE :- New deadline for Export Obligation extended till 31st August
India extends EO period for advance and EPCG authorizations till August 31India's Directorate General of Foreign Trade (DGFT) has recently announced extension of the Export Obligation (EO) period for certain export promotion schemes as geopolitical developments have impacted global shipping routes, logistics corridors and international supply chains.DGFT has provided automatic extension of EO period or block-wise EO fulfillment period till August 31, 2026 for specified advance authorizations and export promotion capital goods (EPCG) authorizations where the EO period is expiring between March 1 and May 31 this year.The extension will be granted automatically, and exporters will not be required to submit any separate application or pay any composition fee to avail the benefit.A release from the Ministry of Commerce and Industry said the measure will provide additional operational flexibility to exporters facing disruptions.The exemption applies to advance authorisations, including annual requirement and special advance authorisations, as well as EPCG authorisations.The extension granted will be in addition to the existing provisions under the Foreign Trade Policy (FTP) and Handbook of Procedures, which allows exporters to seek EO period extension on payment of prescribed composition fee.Regional officers of DGFT will verify compliance with EO requirements at the time of issuing EO Discharge Certificate, closure or regularization of the authority.read more :- Bhilwara's musk cotton will shine in the global market
Bhilwara's 'Kasturi Cotton' will shine in the global market, farmers will get premium priceThis is a big gift for the cotton farmers of Bhilwara district. Indian cotton is recognized globally as a premium brand ‘Kasturi Cotton Campaign’ The conch was blown. Ministry of Agriculture and Textiles, Federation of Indian Textile Industry and Cotton Research Institute This is a big gift for the cotton farmers of Bhilwara district. With the aim of establishing Indian cotton as a 'premium brand' globally, 'Kasturi Cotton Campaign' was launched in Udalias village of Sahada block on Sunday. In this farmer seminar organized under the joint aegis of the Ministry of Agriculture and Textiles, Indian Textile Industry Federation and Cotton Research Institute, experts shared the roadmap to make the farmers prosperous. GS Ametha, State Project Officer of Cotton Development Research Organisation, said that the high quality Kasturi cotton prepared through scientific method will fetch the farmers the best price in the market. CM Yadav, senior scientist of Krishi Vigyan Kendra, taught the tricks of increasing production and quality through balanced fertilizer management and modern techniques. Describing this initiative as a boon for the district, Agriculture Officer Kajod Mal Gurjar said that the climate, soil and advanced marketing facilities here are completely suitable for Kasturi cotton. In the program, District Coordinator Govind Parashar, Bharat Kumar Sharma, Bhupesh Kumar and Sanjeev Kumar and other experts also gave tips on advanced farming and marketing.read more :- Rupee fell 12 paise to close at 92.33 per dollar
The Indian rupee on Monday lower 12 paise to close at 92.33 per dollar, while it opened at 92.21 in the morning.At close, the Sensex was down 1,352.74 points or 1.71 percent at 77,566.16, and the Nifty was down 422.40 points or 1.73 percent at 24,028.05. About 941 shares advanced, 3224 shares declined, and 166 shares unchanged.read more :- Cotton production in Khandesh dropped by 40%
Shine of 'white gold' fades in Khandesh, 40% decline in cotton productionThere has been a decline of about 40 percent in cotton production this year in Khandesh region, due to which the cotton season seems to be ending prematurely. The cotton season, which usually lasts from April to May, has stopped this time in the beginning of March. Although the Cotton Corporation of India (CCI) has extended the procurement deadline till March 15, the arrival of cotton in the mandis has almost stopped.Cotton is cultivated on a large scale in Khandesh, Vidarbha and Marathwada regions of the state, which farmers consider as 'white gold'. This time due to adverse weather conditions and heavy rains there has been a major impact on production.fall in market pricesIn the last two weeks, cotton prices have fallen by Rs 300 to Rs 400 per quintal in the private markets of Jalgaon and Khandesh. At present the price of cotton in the market is ranging between Rs 6500 to Rs 7000 per quintal. Many farmers had kept cotton at home in the hope of better prices, but they are facing disappointment due to the fall in prices. Due to low prices, many farmers are avoiding bringing their produce to the market, due to which private ginning and pressing factories are also almost closed.Farmers have large amount of stockIn Khandesh, about one lakh bales of cotton are still available with the farmers. This stock is mainly held by large farmers, who have held cotton in the expectation that the price will rise. According to Pradeep Jain, founder president of Khandesh Ginning Association, considering the current market conditions, this cotton is likely to come in the market in the next season only.Distance of farmers from government centersCotton arriving in the mandis at the end of the season is often being rejected at government procurement centers citing lack of moisture or quality. Due to this, farmers are disappointed and are staying away from government centers and are forced to keep their produce at home.read more :- The rupee fell 47 paise to open at 92.21.
The rupee fell 47 paise to open at 92.21/USD.The Indian rupee fell 47 paise to open at 92.21 per dollar on Monday, after closing at 91.74 on Friday.READ MORE :- Long queues for cotton sale, CCI centres to remain open for 7 days
Farmers queue up to sell cotton, but CCI centers will only be open for seven daysFarmers in Marathwada are becoming increasingly concerned about selling cotton. The Cotton Corporation of India (CCI) has extended the cotton procurement deadline to March 15, but due to the holidays, farmers will only have seven days for the actual procurement.This period includes two Saturdays, three Sundays, and the Holi and Rangpanchami holidays. Farmers say it will be difficult to procure cotton from all farmers in such a short period.Approximately two thousand farmers in Gangapur taluka are waiting to sell cotton, while across the district this number has reached nearly eight thousand. A large number of farmers are still waiting for their turn.Improvements in Slot Booking and Message UpdatesPreviously, farmers faced significant difficulties due to the closure of slot booking at some procurement centers. Now, this process has been improved, and messages regarding cotton sale dates are being sent to farmers on their registered mobile numbers. Farmers who have not yet received the message have been urged to contact the relevant market committee.Demand for Extension of Center Opening HoursFarmers say that due to holidays, procurement will only be possible for seven days until March 15th. Therefore, it is not possible to procure cotton from all farmers in such a short time. Therefore, farmers have demanded that CCI procurement centers remain open until March 31st instead of March 15th.Fear of Lower GradesLast year, CCI reduced cotton grades several times due to deficiencies in grading and screening. This year, similar concerns are being raised, leading to concerns among farmers that they may suffer losses due to the quality of their cotton.Farmers Expect Better PricesAt the beginning of the season, cotton prices in the market were below the Minimum Support Price (MSP), so a large number of farmers turned to CCI centers to sell their cotton. Although a significant amount of cotton has been procured in the district so far, approximately 20 to 25 percent of the cotton remains lying in farmers' homes in rural areas.Farmers are waiting in hopes of receiving better prices. Therefore, they say it is important to keep procurement centers open for longer periods so that all farmers have a chance to sell their cotton.read more :- CCI weekly cotton auction: 1.08 lakh bales sold, prices stable
CCI Weekly Cotton Auctions: 1,08,500 Bales Sold as Prices Remain SteadyDuring the week from March 2 to March 6, 2026, the Cotton Corporation of India (CCI) maintained stable cotton prices while continuing its regular online auctions across multiple centers for mills and traders. The auctions recorded total weekly sales of around 1,08,500 bales for the 2025–26 season, reflecting steady demand from both textile mills and trading participants.Day-wise Sales PerformanceMarch 2, 2026:CCI opened the week with strong auction activity, selling 46,900 bales from the 2025–26 crop.Mills purchased 22,900 balesTraders bought 24,000 balesMarch 4, 2026:Sales totaled 19,000 bales, all from the current season.Mills purchased 2,900 balesTraders accounted for 16,100 balesMarch 5, 2026:CCI sold 14,600 bales from the 2025–26 crop.Mills purchased 4,800 balesTraders bought 9,800 balesMarch 6, 2026:The week concluded with sales of 28,000 bales, entirely from the current season.Mills purchased 13,800 balesTraders bought 14,200 balesCumulative sales :Following the latest auctions, CCI’s total sales reached:13,66,600 bales for the 2025–26 season, and 98,83,200 bales for the 2024–25 season.
India-Japan textile exports likely to pick up At the seventh joint committee meeting under the India-Japan Comprehensive Economic Partnership Agreement (CEPA) held recently in Tokyo, Indian commerce secretary Rajesh Agrawal noted the significant potential of export of Indian textiles, pharmaceuticals, agriculture and services to Japan.Both sides reviewed issues relating to the implementation of the CEPA and deliberated on ways to further strengthen bilateral economic engagement, the Indian Ministry of Commerce & Industry said in a release.Discussions covered a wide range of issues, including bilateral trade and investment, improving the business environment, and the upcoming 14th Ministerial Conference of the World Trade Organisation.While the Japanese side underscored the need to enhance and diversify bilateral trade and investment, Agrawal underlined the importance of achieving a more balanced bilateral trade relationship to ensure long-term sustainability.A trade and investment roadshow was organised by the embassy of India in Japan in collaboration with the Confederation of Indian Industry (CII) and the Japan Business Federatiom (Keidanren), focusing on promoting trade from India and facilitating greater investment flows from Japanese companies.read more :- Rupee fell 09 paise to close at 91.74 per dollar
| title | Created At | Action |
|---|---|---|
| Rupee fell 09 paise to close at 92.03 per dollar | 11-03-2026 15:46:14 | view |
| Crude Spike Could Push Textile Prices Up 20% | 11-03-2026 12:44:41 | view |
| Textile recycling market in India estimated at $3.5 billion by 2030 | 11-03-2026 11:25:22 | view |
| Rupee Opens 14 Paise Lower at 91.94 | 11-03-2026 09:20:59 | view |
| The rupee closed 13 paisa higher against the dollar at 91.80 | 10-03-2026 15:44:00 | view |
| Shortage of laborers in Maregaon, cotton picking affected | 10-03-2026 12:01:43 | view |
| UK said: India-UK FTA now focused on delivery | 10-03-2026 11:49:04 | view |
| Rupee Opens 40 Paise Higher at 91.93 | 10-03-2026 09:48:37 | view |
| New deadline for Export Obligation extended till 31st August | 09-03-2026 16:26:12 | view |
| Bhilwara's musk cotton will shine in the global market | 09-03-2026 16:09:07 | view |
| Rupee fell 12 paise to close at 92.33 per dollar | 09-03-2026 15:46:35 | view |
| Cotton production in Khandesh dropped by 40% | 09-03-2026 11:28:00 | view |
| The rupee fell 47 paise to open at 92.21. | 09-03-2026 09:29:03 | view |
| Long queues for cotton sale, CCI centres to remain open for 7 days | 07-03-2026 11:15:05 | view |
| CCI weekly cotton auction: 1.08 lakh bales sold, prices stable | 06-03-2026 18:26:56 | view |
| India's textile exports to Japan are expected to increase. | 06-03-2026 17:03:49 | view |
