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Rupee Opens 19 Paise Higher at 87.13 Against Dollar in Early TradeThe Indian rupee on thursday opened 19 paise higher at 87.13 against the US dollar, as against the close at 87.32 on wednesday.read more :- Global cotton production & consumption estimates up for 2024-25: WASDE

WASDE Forecasts Rise in Global Cotton Production & Consumption for 2024-25For 2024-25, the United States Department of Agriculture (USDA) has projected an increase in global cotton production by 500,000 bales, bringing the total to 120.96 million bales (each weighing 480 pounds), according to its March 2025 World Supply and Demand Estimates (WASDE) report. However, global cotton ending stocks were lowered by 80,000 bales, while exports increased by 200,000 bales. Cotton exports were projected higher despite ongoing global uncertainties.The USDA raised its global cotton production estimate from the 120.46 million bales projected in the February 2025 report. However, it reduced ending stocks to 78.33 million bales, down from 78.41 million bales in the previous report. Global domestic cotton consumption was revised upward to 116.54 million bales, compared with 115.95 million bales in the last estimate.For the 2024-25 global cotton balance sheet, this month's report reflects increased production, consumption, and trade, while ending stocks have been revised downward. Beginning stocks remain unchanged. Higher production in China more than offsets declines in Pakistan and Argentina. Consumption estimates were raised for Pakistan, Bangladesh, and Egypt, outweighing minor adjustments elsewhere. Exports from Brazil and Turkiye increased, surpassing reductions from Australia and Egypt. While China’s cotton imports were lowered, increased imports by Pakistan, Bangladesh, and Egypt more than compensated. Consequently, global ending stocks for 2024-25 were reduced by 80,000 bales.There are no changes to this month’s 2024-25 US cotton balance sheet. However, the average upland farm price projection for the current year was lowered to 63 cents per pound.InsightsUSDA's March 2025 WASDE report projects a 500,000-bale increase in global cotton production, reaching 120.96 million bales in 2024-25.However, global ending stocks were reduced by 80,000 bales, while exports rose by 200,000 bales.Consumption estimates increased, particularly for Pakistan, Bangladesh, and Egypt.Despite higher production in China, declines in Pakistan and Argentina offset gains.read more :-Indian Rupee lower 5 Paisa, Ends at 87.32 per Dollar

Rupee Weakens by 5 Paisa, Ends at 87.32 per DollarThe Indian rupee on wednesday lower 5 paise to close at 87.32 per dollar, while it opened at 87.27 in the morning.At close, the Sensex was down 72.56 points or 0.10 percent at 74,029.76, and the Nifty was down 27.40 points or 0.12 percent at 22,470.50. About 1440 shares advanced, 2383 shares declined, and 129 shares unchanged.read more :-Punjab hopes to revive cotton crop this season

Punjab's Strategy to Revive Cotton Farming This SeasonChandigarh: Even as the area under cotton in Punjab shrank to only 1 lakh hectares in 2024, the state govt on Tuesday said efforts would be made to revive the crop. Punjab agriculture minister Gurmeet Singh Khudian held a meeting to review preparations for the upcoming cotton season with Punjab Agriculture University (PAU) vice-chancellor Satbir Singh Gosal.It was decided to ensure the availability of PAU-certified cotton seeds to farmers across the state. The varsity has recommended 87 varieties of hybrid cotton seeds for cultivation in the state during the upcoming kharif season. Khudian urged farmers to use only these recommended certified seeds to maximise their yield.In recent years, whiteflies and pink bollworms have wreaked havoc on the cotton crop in the state. The area under cotton has come down from nearly eight lakh hectares three decades back.To address the persistent issue of pink bollworm infestation, Khudian said that the department has deployed 264 nodal officers across seven southwestern districts: Bathinda -70, Fazilka - 41, Sri Muktsar Sahib - 62, Mansa - 42, Sangrur - 20, Barnala - 16, and Faridkot - 13. These officers are tasked with managing and cleaning cotton stalks and leftover residues from the previous season, which serve as breeding grounds for the pink bollworm. He added that so far, around 32% of the total cotton stalk heaps have been managed.A weed eradication campaign is ongoing in the cotton belt for the management of whitefly. The campaign is launched with the support of district administration, other departments, and MGNREGA to destroy weeds standing alongside roads, canals, and in abandoned sites. Monitoring activities of pink bollworm in ginning factories are ongoing with the help of officials of Punjab Mandi Board, and fumigation of cotton stock will be carried out to control pink bollworm larvae in the ginneries.read more :-Indian rupee opens 6 paise lower at 87.27 against US dollar

In relation to the US dollar, the rupee opens 6 paise lower at 87.27.Indian rupee opened lower at 87.27 per dollar on Wednesday versus Tuesday's close of 87.21.read more :-India's cotton imports to double as output falls short, says trade body

India's Cotton Imports Set to Double as Domestic Output Falls Short, Says Trade Body India's cotton imports in 2024/25 are likely to double from a year ago as production is set to fall below consumption because of a decline in acreage planted and adverse weather, a leading trade body said on Tuesday.Higher imports by the world's second-largest producer of the fibre could support global prices, which fell to their lowest in more than four years after top consumer China levied duties on imports from the United States.India could import 3 million bales in the current marketing year ending on September 30, up from 1.52 million bales imported a year ago, the Cotton Association of India (CAI) said in a statement. During the period from October to February, 2.2 million bales of overseas cotton landed at Indian ports, according to CAI estimates.India's cotton production in the current year is likely to fall by 10 percent from a year ago, to 29.53 million bales, even as demand is estimated to rise marginally to 31.5 million bales, it said.This would cause exports to fall to 1.7 million bales from 2.84 million bales a year ago, the CAI said.read more :-  Experts discuss technical textile opportunities, need for cotton productivity improvement  

Experts Highlight Cotton Productivity and Technical Textile OpportunitiesThe Gujarat Chamber of Commerce and Industry (GCCI) hosted the Textile Conclave 2025, where professionals talked about the need to increase cotton productivity and technical textile potential.The head of the GCCI Textile Task Force, Saurin Parikh, discussed the value of technical textiles in industries like fashion, construction, healthcare, and agriculture. He emphasised that in order to fully realise this industry’s potential, cooperation, innovation, and policy assistance are required.The textile conference, according to GCCI President Sandeep Engineer, offers a forum for in-depth debate and discussion of the demands and problems facing the textile sector. In order to create high-performance materials, experts stated that technological textiles require innovation and research and development. They also emphasised the significance of Government regulations and industry cooperation in promoting development.The mission for cotton productivity of the Central Government was also highlighted by experts.  Over the course of five years, the mission seeks to increase India’s cotton yield from 461 kg/ha to the global average of 850 kg/ha while encouraging the production of extra-long staple cotton types. According to experts, seed improvement is necessary. Participants included industry executives from the spinning, weaving, processing, clothing, and machinery manufacturing sectors.read more :-Indian Rupee higher 15 Paisa, Ends at 87.21 per Dollar

Rupee Strengthens 15 Paisa Against Dollar, Closes at 87.21The Indian rupee on tuesday higher 15 paise to close at 87.21 per dollar, while it opened at 87.36 in the morning.At close, the Sensex was down 12.85 points or 0.02 percent at 74,102.32, and the Nifty was up 37.60 points or 0.17 percent at 22,497.90. About 1411 shares advanced, 2406 shares declined, and 115 shares unchanged.read more :-Buy cotton: White gold will be ruined; Cotton storage increased in anticipation of price rise*

Cotton Storage Grows as Price Surge LoomsCotton purchase: Cotton is also not getting guaranteed price, CCI has given 15th date for registration and due to public holiday on 14th and 15th, the last date will be 13th March.Some farmers have stored cotton in anticipation of price rise. The central government has declared a minimum support price of Rs 7521 per quintal for cotton this year. In fact, its price in the open market ranges from Rs 7,000 to even less in villages. (Buying cotton)CCI started procurement at 9 centers in the district to provide support price security to the farmers. For some reason, the center remained closed for longer than expected and procurement was slow. (Buying cotton)Apart from this, there is also looting in the purchase of cotton in the village. CCI has been reducing the grade of cotton purchased for the last two months. So cotton is being bought at Rs 7,421, which is Rs 100 less than the guaranteed price. (Buying cotton)Skin disordersFarmers are storing cotton in the hope of price rise. However, these cotton pests are causing problems like rashes and itching on the skin of the family members. So it has no value in the market and if it is stored it is causing health problems. In such a situation, the farmer is caught in double trouble.No storage space .The center was started there after CCI signed an agreement with some ginning companies of the district. However, there is no storage space for cotton due to non-lifting of bales and sacks at some centers and cotton harvesting problems are also coming up. It is reported that it has been agreed that till the CCI actually makes the purchase, OTAI will be made available.read more :-Indian rupee opens 3 paise lower at 87.36 against US dollar

The Indian rupee starts the day 3 paise down versus the US dollar at 87.36.The Indian rupee opened 3 paise down on March 11 at 87.36 against the US dollar, as compared to 87.33 against the greenback at the previous close.read more :-Indian Rupee lower 7 Paisa, Ends at 87.33 per Dollar

 Indian Rupee lower 7 Paise to87.33 Against US DollarThe Indian rupee on Monday fell 7 paise to close at 87.33 per dollar, while it opened at 87.26 in the morning.At close, the Sensex was down 217.41 points or 0.29 percent at 74,115.17, and the Nifty was down 92.20 points or 0.41 percent at 22,460.30. About 1147 shares advanced, 2776 shares declined, and 140 shares unchanged.read more :- Shock to Punjab's cotton belt: 71 percent decline in cotton production, many reasons including lack of quality seeds