Lack of quality seeds behind stagnant cotton production Agriculture Report of Pakistan 2023The lack of good quality seed is the main reason for the stagnant yield and declining area under cotton in Pakistan, as the average available cotton seed is around 44 per cent germination.“This means that 44 out of every 100 seeds germinate, all the rest are wasted. The result is that farmers usually apply 16 kg of seed per acre, with uneven germination across the field. Good quality seeds With this, only 8 kg per acre will be required,” said the Status of Pakistan's Agriculture Report 2023, released on Thursday by the Pakistan Business Council.The report noted that Pakistan's cotton production has declined by an average of 10 to 12 million bales per year over the past two decades, but has declined sharply in the past few years. “China and Australia are the major cotton producing countries which cultivate irrigated cotton like Pakistan. Their average productivity per acre has been increasing over the years (except in drought years), while Pakistan's yield has remained stable at around 1 bale per acre, with a decline in recent years.The report noted that yield gains in China and Australia were mainly due to improved agricultural techniques, seedling transplantation, better crop management strategies to combat disease, more appropriate irrigation, stronger fertilizer application and improved seeds following the adoption of genetically modified seeds. Due to the adoption of In the last 20 years, India's cotton production has more than doubled. In the first few years of the 21st century, India's cotton production ranged between 14 and 16 million bales, while Pakistan's cotton production ranged between 11 and 14 million bales. This was the time when Bt cotton was introduced in Pakistan, but without a strong seed industry.In the following decade, Pakistan's cotton production remained stable within this range, with India's cotton production reaching around 40 million bales in early 2013. “Poor quality seed means low germination level, higher seed cost per acre and more labor cost. This means less yield which means less earning. It also means higher susceptibility of the crop to climate effects, and disease and pest attacks, inability to compete against weeds, and nutrient loss,” the report said.Furthermore, Bt cotton was brought to Pakistan through unregulated channels without any formal leadership, which is why, although most of Pakistan's cotton contains transgenic technology, its effectiveness remains questionable.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/news-details-hindi/INDIAN-COTTON-MARCH-HIGH-ARRIVALS-TRADERS-MARKETS-GINNED-MCX
Indian cotton arrivals at three-year high in MarchCotton arrivals in India have started rising to a three-year high in March. Traders and industry leaders said natural fiber prices are likely to stabilize between Rs 60,000 and Rs 62,000 per candy (356 kg) in view of good quality of arrivals. Prabhu Dhamodharan, convener of the Indian Texpreneurs Federation (ITF), said, "We are seeing a steady increase in arrivals in all markets."Rising arrivals have left the market confused about the exact production of cotton this season (October 2022-September 2023). Cotton arrivals between March 1 and March 18 are at a three-year high of 2.43 lakh tonnes, according to data from Agmarknet, a unit of the agriculture ministry. Ramanuja Das Bubb, sourcing agent for multinational companies from Karnataka said “The arrivals are good and their quality is excellent. We are facing a peculiar situation this season as farmers have withdrawn their produce and are now ready to sell Are".Sanjay Gupta, MD & CEO, NCML said, “The arrivals have shown improvement in the last 15 days. However, all India arrivals (Oct-Mar'20) are 30 per cent lower than last season due to holding of stocks by farmers”. Anand Popat, a trader from Rajkot said, “The arrivals have increased as the prices have stabilized in the region of ₹60,000 per candy. But for rains, the arrival is between 1.6 lakh bales (170 kg each) and 1.8 lakh bales,” in cotton, yarn and cotton waste.Arrivals pick up Agmarknet data showed cotton arrivals rose to 77,498 tonnes last week from 49,573 tonnes a year ago and 30,334 tonnes in 2022. Last week, the Cotton Association of India (CAI) reduced the estimated cotton crop for the current season to 313 lakh bales from last season's 307.05 lakh bales. In its second advance estimate, the Center reduced its crop forecast to 337.23 lakh bales (311.18 lakh bales in the previous season) and the USDA estimated it at 313.76 lakh bales.Currently ginned (processed) cotton prices of Shankar-6 grade, the benchmark for exports, are ruling at ₹61,750 per candy in Gujarat. Cotton (raw cotton) is at Rs 7,900 per quintal as against the minimum support price of Rs 6,080 per quintal. In the global market, cotton futures for delivery in May on the Intercontinental Exchange (ICE), New York, was trading at 77.90 US cents per pound (₹50,900 per candy). Cotton for delivery in April closed at Rs 61,160 per candy on MCX.“In the last few weeks, cotton prices have stabilised. We expect this to continue till at least April 10,” said Das Bub. “Demand has stagnated due to global macroeconomic factors such as rising interest rates, volatile financial environment and recession fears. Cotton prices are trading lower in the range of 60,000-62,000," said Sanjay Gupta.“Spinning mills have started building up inventory, though prices have stabilized gradually, but low demand for yarn is almost affecting their procurement.” “Mills are still not convinced about higher inventories due to muted global demand signals for textile and apparel products. Dhamodharan said, we are only seeing pockets of recovery from some countries due to lack of their reserves.Sanjay Gupta said that ginners are facing the problem of disparity due to reduction in the prices of seed and oil cake. “Yarn sales are not promising, but demand for better quality yarn is allowing mills to run at good capacity. The arrivals are expected to increase in the coming weeks as there will be additional pressure on prices as farmers liquidate some part of their stocks. Most of the markets and buyers are still cautious about buying. ITF convenor said that the trend of increase in sugar demand is also not going as expected.As per production forecasts, 13 million bales may hit the market in the next 4-5 months. ITF's Dhamodharan said the current cotton season is expected to be quite long and "signs of weak demand may continue to keep a check on cotton prices".👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/news-details-hindi/PAKISTAN-SLOW-TRADING-COTTON-MARKET-BEARISH-PUNJAB
Pakistan Cotton Market Witnesses Slow Trading ActivityThe local cotton market in Pakistan remained bearish on Monday, with thin trading volumes reported across major trading centers. According to cotton analyst Naseem Usman, cotton prices in Sindh ranged between Rs 17,000 and Rs 19,000 per head, while in Punjab the rates were slightly higher at Rs 18,000 to Rs 19,000 per head.In Sindh, footi prices were recorded between Rs 5,500 and Rs 8,000 per 40 kg, whereas in Punjab the rate stood higher at Rs 6,500 to Rs 8,500 per 40 kg.Despite the sluggish market trend, some trading activity was observed in specific regions. Around 200 bales from Mirpur Mathelo were sold at Rs 19,000 per head, 400 bales from Ghotki at Rs 18,800 per head, and 419 bales from Sadiqabad at Rs 18,700 per head.The spot rate remained stable at Rs 19,000 per head, indicating no major movement in overall pricing. Meanwhile, polyester fiber was available in the market at Rs 355 per kg.Overall, the cotton market continued to show slow demand and limited trading activity, keeping prices largely stable but under pressure.
Cotton prices decreased this week as wellThe trend of decline in cotton prices continued this week as well. In the International Cotton Exchange market, a decline was registered in the deal price of all the three months of May, July and December. The rate for May saw a decrease of 0.35 points, for July it was 0.5 and for December it was 0.74 points.Cotton prices for the months of April and May have also decreased in the Multi Commodity Exchange market this week. A decline of 300 points has been seen in the deal price of April and 540 points in the deal price of June. Cotton prices on NCDX have also decreased by Rs.6 this week. While the price of Khal has registered an increase of Rs 125 and Rs 116 for the months of April and May respectively.Cotton prices are down this week across other exchange markets like Cotlook A Index, Brazil Cotton Index, USDA Spot Rate, MCX Spot Rate and KCA Spot Rate. If you look at the currency value, the currency of India, Pakistan and Brazil managed to make a slight gain against the dollar, while the dollar maintained its lead on the currency of other countries.
If import duty is not removed, it will be difficult to run spinning mill after June: CAI President In its recently released report, CAI has once again reduced the estimate of cotton crop to 313 lakh bales. Important excerpts of CAI Chairman Atul Ganatraji's interview with a channel on reduction in crop estimate and current condition of cotton industry-Question- Is the reason for the reduction in cotton crop by CAI is the low yield of cotton? Are cotton yields a cause for concern?Answer- In yesterday's meeting, about 25 members from all the 10 cotton producing states participated in this meeting. The idea was that definitely the yield is the main factor in the reduction in the size of the crop. Since last 5 years our production and yield is going down. Also this year, another important factor is that 90% farmers are already in cotton. Have uprooted the plants and are not doing 3rd and 4th picking as the rate of cotton is very less at 7000-8000 as compared to last year's 12000-15000. This top picking (forward) cotton comes to around 3 million bales. And this 30 lakh bales will not be available this year also this reduction in our yield is a matter of concern for the entire textile industry.Question- Why is our cotton production falling?Answer- Our seed technology is very old, we have not changed the seed since 2003. Countries like America, Brazil and Australia are using new technology, so their yield is double than ours. We have recommended the government to change the technology otherwise our spinning industries will suffer. Our cotton consumption is increasing and in the last 15 months 2 million new spindles have been added in India. And in coming 7 months 8-10 lakh new spindles will be erected so our Indian consumption is very high and our production is decreasing year by year so it is very important to bring new seeds and new technology. Till now we could survive even with less crop as we had opening stock of cotton from 125 lakh bales and 75 lakh bales from 2020 (due to corona) but now our opening stock is negligible.Question- How is the situation of arrival and how much cotton is with the farmers?Answer- Till February 20, 1,55,000 bales have arrived in India. According to our crop, 313 lakh bales means, 50% has arrived and 50% is in the hands of the farmers. In North India 20-25% crop, in Central India 40-50% crop, in South India 30-40% crop is in the hands of farmers.Question- If farmers do not sell cotton, it will be carried forward to the next year, then in the CAI meeting next month, there will be further reduction in crop numbers?Ans- Actually it is very difficult to understand the mind of farmers last year farmers saw rate of cotton 12000 to 15,000 per quintal and this year the prices are very low at 7-7500 so big farmers can move their whole cotton higher Farmers can carry forward a minimum of 15 lakh bales for the next season and a maximum of 25 lakh bales for the next season for rate expectation. If this happens, there is a possibility of further reduction in the number (harvest) of CAI in the coming months. We are advising Indian mills to buy cotton.Question- How is the demand for spinning mills?Answer- Spinning mills are running at 95% average capacity in India and monthly consumption is at peak. The monthly consumption of cotton is 28-30 lakh bales. The demand from Indian mills is very good, mills are buying 1-1.10 lakh bales for daily consumption. cotton export is 10-15,000 per day now indian mills have no problem getting cotton but in month of april but in april when arrival will reduce then it may be difficult for spinning mills to cover cotton Lets do it. Since our consumption is high and production is low, the government should remove 11 per cent import duty on cotton. Indian spinning mills will have a tough time after June-July if the import duty is not removed. And we will see the repeat of last season 2022.
The spot price of cotton in Pakistan declined by Rs 300 per maund The spot rate committee of the Karachi Cotton Association (KCA) on Thursday reduced the spot rate by Rs 3,00 per head and closed it at Rs 19,500 per head. The local cotton market remained bearish and the trading volume was very low. Cotton analyst Naseem Usman said that the price of cotton in Sindh is Rs 17,500 to Rs 19,500 per head. The rate of cotton in Punjab is Rs 18,000 to Rs 19,500 per head. The rate of footi in Sindh ranges from Rs 7,000 to Rs 8,300 per 40 kg.The rate of footi in Punjab ranges from Rs 7,000 to Rs 9,200 per 40 kg. The spot rate committee of the Karachi Cotton Association (KCA) reduced the spot rate by Rs 3,00 per head and closed it at Rs 19,500 per head. Polyester fiber was available at Rs 355 per kg.
Pakistan's cotton market remains sluggishThe local cotton market turned bearish on Wednesday with thin trading volumes. Cotton analyst Naseem Usman said that the price of cotton in Sindh is Rs 17,500 to Rs 19,500 per head.The rate of cotton in Punjab is Rs 18,000 to Rs 19,500 per head. The rate of footi in Sindh ranges from Rs 7,000 to Rs 8,300 per 40 kg. The rate of footi in Punjab ranges from Rs 7,000 to Rs 9,200 per 40 kg.The spot rate remained unchanged at Rs 19,800 per head. Polyester fiber was available at Rs 355 per kg.
Barren fields, dwindling yields: Bt cotton betrays Madhya Pradesh farmersPink bollworm incidence increased from 5.17 per cent to 73.82 per cent between 2010 and 2017 in Maharashtra, Gujarat and Madhya Pradesh. Adoption of Bt cotton rose to 81 percent in 2007 and 93 percent in 2011 as farmers thought pest-resistant varieties were their best bet. Unlike other crops, new seeds have to be bought from the market every time for the cultivation of GM varieties. ... All the claims made about Bt cotton have been proven wrong. As far as increase in yield is concerned, if you check the irrigation data, it will become clear that only production has not increased."At a time when the much-hyped Bt cotton crop is troubling farmers, the central government is slowly setting the stage for the rollout of genetically modified mustard. Last October, the Ministry of Environment, Forest and Climate Change approved field trials of Dhara Mustard Hybrid-11, developed by Deepak Pantal, former vice-chancellor of Delhi University. While the government argues that the genetically modified variety will increase mustard production and reduce the country's dependence on edible oil imports, anti-GMO activists are wary. In front of them is the poor performance of Bt cotton, the first genetically modified crop in the country.He has seen how claims of better yield guarantees and less need for pesticides and chemical fertilizers have blown away with the wind. Apparently, the only things Bt cotton farmers found were barren fields and increased input costs.Madhya Pradesh, which accounts for 18.69 lakh bales of cotton (5.47 lakh hectare) out of the total 352 lakh bales (in 1,18.81 lakh hectare) produced in the country. Khargone, Barwani, Khandwa and Burhanpur are the major cotton producing districts here.According to the statistics of the Farmers Welfare and Agriculture Development Department, cotton is grown in a total of 2,11,450 hectares in Khargone. Chhagan Chauhan (50), a resident of Mogargaon, has come to Khargone's cotton market to sell 2.6 quintals of cotton. This year has proved to be better for him. "Today, I got Rs 8,500 per quintal. This price is good for me," he says with a smile. Last year, incessant rains and pest attacks destroyed half of his crop. “Ideally, the 10 packets of Bt cotton seeds that I sprinkled in the field should have yielded me around 40 quintals of cotton. But I got only 16 kg. Thankfully, the pests spared me this time.Shyam (24), a resident of Temla, has been helping his father Anil Dhangar (55) cultivate Bt cotton on seven acres for the last two years. When asked about the challenges they face, Anil says, “Getting a good price for the produce and deworming are our biggest concerns.” He says, “Look, the pink colored moth (Pectinophora gossypiella) has made a home here by damaging the seed kernel. Now, this cotton boll will not become a flower to bear fruit. The only thing left is to remove it. be given to the field as soon as possible," he says, adding that the pest attack started late this year compared to last year, when about 40 per cent of the crop was affected.There are four types of caterpillars found in cotton – pink bollworm, spotted bollworm, American bollworm and tobacco cutworm. Among them, attacks of pink and American bollworms are common in India. A 2018 survey conducted by the Central Institute of Cotton Research found that pink bollworm outbreaks had increased from 5.17 per cent to 73.82 per cent between 2010 and 2017 in Maharashtra, Gujarat and Madhya Pradesh.Ironically, the government allowed commercial cultivation of the first generation Bt cotton (Bt-1 cotton) in 2002 to prevent pest attacks, while its second generation (Bt-II) was introduced in 2006 using two Bt (Bacillus thuringiensis) was launched in combination. ) protein (Cry1Ac+Cry2Ab) with promise for specifically targeting the pink bollworm. Adoption of Bt cotton rose to 81 percent in 2007 and 93 percent in 2011 as farmers thought pest-resistant varieties were their best bet.
A look at Pakistan's cotton marketThe local cotton market turned bearish on Tuesday with thin trading volumes. Cotton analyst Naseem Usman told that the price of cotton in Sindh is Rs 17,500 to Rs 21,000 per head. The rate of cotton in Punjab is Rs 18,000 to Rs 20,000 per head.The rate of footi in Sindh ranges from Rs 7,000 to Rs 8,300 per 40 kg. The rate of footi in Punjab ranges from Rs 7,000 to Rs 9,200 per 40 kg. The spot rate remained unchanged at Rs 19,800 per head. Polyester fiber was available at Rs 355 per kg.Prime Minister Shehbaz Sharif has given in-principle approval to fix the price of cotton at Rs 8500 per 40 kg for this year. The approval was given during a review meeting of the Agriculture Task Force chaired by Prime Minister Muhammad Shahbaz Sharif in Lahore on Monday. It was informed during the meeting that last year there was a drastic reduction in cotton production due to floods, rains, shortage of water in the canal and fertilizer crisis.The total production of cotton this year is estimated at 12.77 million bales, while not only the area under cotton cultivation but also the yield per acre is expected to increase substantially. The Prime Minister said that the provincial governments should ensure provision of fixed price for cotton to the farmers. He also directed the central government to provide all possible assistance to the provincial governments in implementing the fixed support prices.
Bad condition of cotton in Punjab, crop sales 25 percent less than last year According to ICAL, the collective production of cotton in the three states of North India is estimated at 42.09 lakh bales as compared to 48.37 lakh bales in the previous year.In a major setback to the Punjab government's efforts to diversify farmers, cotton production in the state is estimated to be at its lowest in years this year. As of March 9, the state's arrival stood at 28.89 lakh quintals, against last year's arrival of only 7 lakh quintals, according to data from the Punjab State Agricultural Marketing Board. According to the sales of the cotton crop recorded by PSAMB, it is less than a quarter as of March 9 compared to the previous year.effect of pest attackBesides PSAMB, the revised estimates by cotton trade body Indian Cotton Association Limited (ICAL) about the arrival of the crop in the state mandis are also highly dismal. The revised estimates put the arrival of the crop at around 2.50 lakh bales (1 bale = 170 kg) as against last year's arrival of 7.20 lakh bales. Frequent pest attack in the last two years is said to be behind the very low production of the crop. In the current season, apart from pest attack, non-availability of canal water initially in the sowing season and then incessant rains are said to be the reasons for the poor performance of the crop. It is being said that looking at the production trends, farmers have lost confidence in the crop and thus, not much change in crop area is expected in the upcoming sowing season.Cotton production less in North IndiaHowever, the crop is still fetching Rs 8,000 per quintal against the MSP of Rs 6,280 per quintal for the 27.5-28.5 mm long staple. Like Punjab, production in neighboring Haryana is also low and according to ICAL's revised estimates, arrivals in mandis are estimated at 1.2 million bales from 1.5 million bales last year. However, cotton production in Rajasthan is expected to increase to 27.60 lakh bales from last year's 26.12 lakh bales. According to ICAL, the collective production of cotton in the three states of North India is estimated at 42.09 lakh bales as compared to 48.37 lakh bales in the previous year.very little inputPunjab's cotton coordinator Rajneesh Goyal said, "The arrival of cotton is very less as compared to last year. As per the trends, the total arrivals in the mandis have been much less as compared to previous years. As per the arrivals recorded by ICAL till February 28, Punjab has received 1.69 lakh bales, while Haryana has recorded 6.86 lakh bales and Rajasthan 22.53 lakh bales. Till February 28, a total of 31.08 lakh bales have arrived in the three states.
Lower prices may push India's palm oil imports to 4-year high: Industry officialIndia's palm oil imports could rise 16% to a four-year high of 9.17 million tonnes in 2022/23, a senior industry official told Reuters on Tuesday, as consumption looks to bounce back after two years of contraction. ready for.Higher buying by the world's biggest importer of vegetable oils could provide further support to palm oil futures, which were trading near their highest levels in four months.Sudhakar Desai, president of the Indian Vegetable Oil Producers Association, said, “Consumption has declined for two consecutive years due to the pandemic. This year, it will decline by around 5% as restrictions have been eased and prices have fallen. "He said consumption growth would be met by higher imports of palm oil, which is trading at a discount to rivals soya oil and sunflower oil.Traders estimate India's palm oil imports in the first four months of the 2022/23 marketing year, which began on November 1, jumped 74% from a year earlier to 3.67 million tonnes.India mainly buys palm oil from Indonesia, Malaysia and Thailand. It imports soybean and sunflower oil from Argentina, Brazil, Russia and Ukraine.Desai said the country's total vegetable oil imports are likely to increase to 14.38 million tonnes in the current year from 14.07 million tonnes a year ago.Soybean oil imports could fall to 3.16 million tonnes from 4.05 million tonnes, while sunflower oil imports could rise to 2 million tonnes from 1.93 million tonnes, he said.
Angry farmers, nervous leadersFarmers anger erupted on Maharashtra leaders, expressed dissatisfaction over prices of onion and cottonResentment is growing among onion and cotton growers in the state against the central government's failure to help farmers distressed by falling prices. The BJP ministers had to face this discontent in the form of farmers' anger.On Sunday, angry farmers threw onions at the vehicle of Maharashtra Deputy Chief Minister Devendra Fadnavis. Union Minister of State and BJP Lok Sabha MP Bharti Pawar and state Agriculture Minister Abdul Sattar also faced the wrath of the farmers.In a video that has gone viral on social media, angry farmers can be seen surrounding Bharti Pawar while the minister tries to pacify their anger by saying that the Center is procuring onions through NAFED (National Agricultural Cooperative Marketing Federation of India) Is and is making sure. That there is no restriction on the export of onions as well. He said that onion prices are low in the international market and hence the prices have come down in the domestic market. Apart from this, the arrival of onion in the market is very high.Maharashtra's Agriculture Minister Abdul Sattar also faced the wrath of farmers at an agricultural exhibition in Amravati. The farmers told him that the prices of onions have gone down even below the prices of old newspapers. Farmers argue that last year they sold a quintal of cotton for Rs 14,000, but currently they get only Rs 8,000 per quintal. “We are not even able to recover the input cost. If the government fails to help us, we are left with no option but to commit suicide.However, in the video the farmers can be seen blaming the Centre's wrong export-import policies for their plight. The angry farmers argued that the Center keeps on changing its policies continuously and the farmers are facing the brunt of it."The Center should compensate us by buying our onions at the international market rate and also give us all possible help," the farmers insisted. Meanwhile, Devendra Fadnavis faced the wrath of farmers in Amravati, where the latter threw onions at his vehicle before the police swung into action and detained the protesters.
Weekly review of Pakistan's cotton businessThe textile sector, which plays an important role in the country's economy, exports and employment, is on the verge of collapse. The All Pakistan Textile Mills Association (APTMA) has urged the government to restore energy concessions as the industry is unable to survive as energy prices in regional countries are relatively low, making it impossible for the Pakistani textile sector to compete with them Is.The government has withdrawn power subsidies given to five export industries, including the textile sector, to meet IMF conditions, increasing the cost of electricity from Rs 19 per unit to Rs 40 per unit. Interest was also raised by 3% from 17% to 20%, and the dollar interbank rate rose by Rs 19 to Rs 286. It had reached up to Rs 300 in the open market but later declined somewhat.Cotton prices remained stable in the local cotton market last week. In the beginning of the week, some groups of textile mills showed interest in buying cotton. Later on Wednesday, there was a sudden rise in the dollar rate after which the ginners became cautious and started demanding higher prices, while the spinners remained silent due to higher prices.Cotton prices in Sindh province ranged between Rs 19,000 and Rs 20,500 per head, depending on the quality, which is available in small quantities. The price of footi in Sindh ranged from Rs 6500 to Rs 8500 per 49 kg. Cotton rates in Punjab ranged from Rs 19,000 to Rs 20,000 per head, while cotton rates ranged from Rs 7,000 to Rs 9,500 per 40 kg. Cottonseed cake and oil prices remained relatively stable.The spot rate committee of the Karachi Cotton Association increased the spot rate by Rs 2,00 per head and capped it at Rs 20,000 per head. Cotton demand and prices are expected to increase in the domestic cotton market, but cotton stocks are very low in the domestic market while deliveries of imported cotton are getting delayed due to L/C issues and sharp rise in dollar prices. This will increase the price of imported cotton.Karachi Cotton Brokers Forum President Naseem Usman has said that cotton rates remained stable in the international cotton markets. According to the USDA's weekly export report, one lakh seventy thousand six hundred bales were sold for the year 2022-23. China remained on top by purchasing 81 thousand 600 bales. Vietnam finished second after buying 78,900 bales, including 900 bales from China and 100 from Japan. India bought 18,400 bales and stood third.
Stable trend in cotton yarn market in South India amid Holi With the Holi festival round the corner, domestic demand for cotton yarn has come down in South India. As a result, cotton yarn prices in Tiruppur have taken a stable trend. Actually, apart from the coming of the festival, the holiday of the workers in the factories has also been a major reason for this. According to traders, the absence of laborers and the financial closure slowed down production activities in March. Domestic demand was weak as compared to export demand, but prices held steady at Mumbai and Tiruppur.In Mumbai, the market experienced weak demand from the downstream industry. However, export buying turned marginally better and cotton yarn prices held steady. Jai Kishan, a Mumbai-based trader, said, "Workers were going on leave for the Holi festival, and the financial closure in March also curtailed production activities. Hence, local demand was slow. However, there was no drop in prices." I."In Mumbai, cotton yarn of 60 count of warp and weft varieties traded at Rs 1,525-1,540 and Rs 1,450-1,490 per 5 kg (GST extra), respectively. Cotton yarn of 80 cards (weft) was priced at Rs 1,440-1,480 per 4.5 kg. The price of 44/46 count carded cotton yarn (warp) was ruling at Rs 280-285 per kg. 40/41 count carded cotton yarn (warp) was trading at Rs 260-268 per kg and 40/41 count combed yarn (warp) was trading at Rs 290-303 per kg.Meanwhile, prices remained stable in Tirupur market as well. Trade sources said demand was moderate, which may support the current price level. Mills located in Tamil Nadu were running at 70-80 per cent production capacity. The market may get support next month when the industry renews its production in the next financial year. In the Tiruppur market, 30 count combed cotton yarn was trading at ₹280-285 per kg (GST extra), 34 count combed at ₹292-297 per kg and 40 count combed cotton yarn at ₹308-312 per kg.In Gujarat, cotton prices declined again after a marginal gain in the previous session. Trade sources said spinners were buying cotton, but they were cautious about prices. The mills were trying to grab cheap deals. Cotton arrivals in India were estimated to be around 1.58 lakh bales (170 kg) per day, while 37,000 bales were recorded in the Gujarat market. The prices were hovering between Rs 62,500 to Rs 63,000 per candy of 356 kg.
Slow trading in Pakistan's cotton marketThe local cotton market remained stable on Monday with thin trading volumes. Cotton analyst Naseem Usman told that the price of cotton in Sindh is Rs 18,000 to Rs 20,500 per head. The price of cotton in Punjab is Rs 18,500 to Rs 20,000 per head.The rate of footi in Sindh ranges from Rs 7,000 to Rs 8,300 per 40 kg. The rate of footi in Punjab ranges from Rs 7,000 to Rs 9,200 per 40 kg. The spot rate remained unchanged at Rs 20,000 per head. Polyester fiber was available at Rs 355 per kg.
डॉलर के मुकाबले रुपया 3 पैसे कमजोरआज शाम को डॉलर के मुकाबले रुपया 3 पैसे की कमजोरी के साथ 79.63 रुपये के स्तर पर बंद हुआ।सेंसेक्स में गिरावट 372 अंक टूटकर बंदआज शेयर बाजार में गिरावट के साथ क्लोजिंग हुई।आज जहां सेंसेक्स करीब 372.46 अंक की गिरावट के साथ 53514.15 अंक के स्तर पर बंद हुआ।वहीं निफ्टी 91.60 अंक की गिरावट के साथ 15966.70 अंक के स्तर पर बंद हुआ। Rupee weakens by 3 paise against dollarToday evening, the rupee closed at Rs 79.63 with a weakness of 3 paise against the dollar.Sensex closed down by breaking 372 pointsToday the stock market closed with a fall.Today, where the Sensex closed at a level of 53514.15 points down by about 372.46 points.On the other hand, Nifty closed at 15966.70 points down by 91.60 points.
| title | Created At | Action |
|---|---|---|
| Lack of quality seeds behind stagnant cotton production | 22-03-2023 19:41:39 | view |
| Indian cotton arrivals at three-year high in March | 21-03-2023 22:20:27 | view |
| Pakistan Cotton Market Remains Sluggish with Low Trading Volume | 21-03-2023 18:25:53 | view |
| Cotton prices decreased this week as well | 18-03-2023 20:13:01 | view |
| If import duty is not removed, it will be difficult to run spinning mill after June: CAI President | 17-03-2023 20:13:26 | view |
| The spot price of cotton in Pakistan declined by Rs 300 per maund | 17-03-2023 18:55:35 | view |
| Pakistan's cotton market remains sluggish | 16-03-2023 18:28:14 | view |
| Barren fields, dwindling yields: Bt cotton betrays Madhya Pradesh farmers | 16-03-2023 00:06:48 | view |
| A look at Pakistan's cotton market.. | 15-03-2023 18:55:35 | view |
| Bad condition of cotton in Punjab, crop sales 25 percent less than last year | 13-03-2023 21:44:24 | view |
| Lower prices may push India's palm oil imports to 4-year high: Industry official | 07-03-2023 21:16:34 | view |
| Farmers anger erupted on Maharashtra leaders, expressed dissatisfaction over prices of onion and cotton | 07-03-2023 20:18:23 | view |
| Weekly review of Pakistan's cotton business | 07-03-2023 19:46:46 | view |
| Stable trend in cotton yarn market in South India amid Holi | 07-03-2023 19:19:31 | view |
| Slow trading in Pakistan's cotton market | 07-03-2023 18:37:53 | view |
| Rupee weakens by 3 paise against dollar/Sensex closed down by breaking 372 points | 13-07-2022 23:27:16 | view |
