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Rupee against. Dollar Drops to Nearest All-Time Low of 84.85Mumbai, Dec 12 (PTI) The rupee fell 2 paise to near all-time low of 84.85 against the US dollar in early trade on Thursday on the back of foreign fund outflows and rising crude oil prices.Read More :>Cotton farmers in Telangana facing procurement problems: Congress MP

This evening, the rupee gained 2 paise against the dollar, closing at Rs 84.83At the close, the Sensex rose 16.09 points or 0.02 per cent to close at 81,526.14 and the Nifty rose 31.75 points or 0.13 per cent to close at 24,641.80. Around 2053 stocks advanced, 1772 declined and 109 stocks remained unchanged.Read More :- Cotton farmers in Telangana facing procurement problems: Congress MP

Congress MP: Telangana cotton growers are having trouble with procurementHyderabad : Cotton farmers in Telangana are facing several difficulties due to the procurement practices of the Cotton Corporation of India (CCI), Bhongir MP Chamala Kiran Kumar Reddy said on Tuesday while handing over letters highlighting farmers' grievances to Union Agriculture Minister Shivraj Singh Chouhan and Union Textiles Minister Giriraj Singh in New Delhi.These concerns were raised by Telangana Agriculture and Farmers Welfare Commission chairman Kodanda Reddy, he said. The MP said small and marginal farmers are particularly affected by the stringent procurement conditions of the CCI.Bhongir MP Chamala Kiran Kumar Reddy said on Tuesday while handing over letters highlighting farmers' grievances to Union Agriculture Minister Shivraj Singh Chouhan and Union Textiles Minister Giriraj Singh in New Delhi.The MP said small and marginal farmers are particularly affected by the stringent procurement conditions of the CCI. "Farmers are concerned over certain hurdles created by CCI on the pretext of quality check and supply mode. Though they understand the importance of grading, outright refusal to purchase their cotton in some cases is unacceptable," the MP said in his letter.He also criticised local CCI officials for issuing verbal directions on packaging and other parameters, calling it an 'afterthought' which is adding to the woes of farmers. He said farmers use bags to protect cotton from contamination during transportation."CCI should accept the cotton brought by farmers without raising unnecessary objections. It is surprising that CCI is even objecting to the use of bags by farmers," he said.Read More :- Telangana's first cotton research centre to come up in Adilabad

This evening, the rupee fell 12 paise to settle at 84.85 vs the US dollarAt the close, the Sensex was up 1.59 points or 0.00 per cent at 81,510.05, and the Nifty was down 8.95 points or 0.04 per cent at 24,610.05. About 1970 stocks advanced, 1828 declined and 122 stocks remained unchanged.Read More :- Cotton purchases surge as soybean sales slow, with just three weeks remaining until the end of the buying season.

Cotton purchase increased, soybean slowdown, only 3 weeks left for purchase to endThe purchase of cotton at the support price in the district has increased, but the pace of soybean purchase is slow. While it has been seven weeks since the purchase started. So far only 6 thousand quintals of soybean have been purchased in the district. Here, CCI's cotton purchase has picked up pace. So far, CCI has purchased 30 thousand quintals of cotton in Khandwa and Mundi Mandi.Purchase of soybean and cotton continues in the district at the support price. Soybean is being purchased at 8 centers in the district from October 25, while cotton is being purchased by the Cotton Corporation of India in the Upaj Mandi and Mundi Upaj Mandi located in Khandwa. But farmers are giving more importance to the purchase of cotton when they get higher prices than the market, whereas in the case of soybean's government price being lower than the market and not getting cash payment, farmers are keeping distance from the purchase centers.This situation has arisen because the situation of soybean purchase in the district is bad because the farmers are not ready to sell the produce on the strict rules made by the government for purchase. They are not even getting cash payment for selling the produce. The situation is such that till now 393 farmers have sold only 6 thousand 755 quintals of cotton to the government at the government price.The purchasing situation at eight centers in the last seven weeks is not good. Farmers have sold only 6 thousand 755 quintals of soybean at these centers till now. According to the District Marketing Association, till 9th December, 338 quintals of produce have been purchased at the Central Warehouse of Tehsil Cooperative Agricultural Marketing Association Marketing Khandwa, 122.50 quintals at the center Jai Bhole Warehouse Gudi Kheda of Tehsil Cooperative Agricultural Marketing Association Marketing Khandwa, 2724 quintals at Krishna Warehouse of Seva Sahakari Samiti Pandhana, 992 quintals at Mantri Warehouse in Harsud Co-operative Marketing Society, New Harsud, 1631 quintals at Shri Balaji Warehouse Kehlari of Seva Sahakari Samiti Mundi, 265 quintals at Siddhi Warehouse of Seva Sahakari Samiti Gambhir, 117 quintals at Dheer Warehouse of Krishak Cooperative Marketing & Processing Committee Khalwa and 608 quintals of produce have been purchased at Akshita Agro Warehouse Punasa located at Seva Sahakari Samiti Richfal.Read more : Rupee Falls 7 Paise to 84.73 vs US Dollar

Rupee drops 7 paise against the US dollar to 84.73.Mumbai, Dec 9 (PTI) The rupee fell 7 paise to trade at 84.73 against the US dollar in early trade on Monday dragged down by foreign fund outflows and a muted trend in domestic equities.Read More :> Telangana's first cotton research centre to come up in Adilabad

The rupee declined by 4 paise to close at 84.73 against the dollar this evening.At the close, the Sensex was down 200.66 points or 0.25 per cent at 81,508.46, and the Nifty was down 58.80 points or 0.24 per cent at 24,619.00. About 2222 stocks advanced, 1692 declined, and 151 stocks remained unchanged.Read more:- Climate, pests and alternatives are ruining cotton farming

In early trading, the rupee drops 5 paise to 84.71 against the US dollar.Sensex falls 250 pts to 81,450Benchmark Indian equity indices BSE Sensex and Nifty 50 were trading lower on Monday.At 10 AM, the BSE Sensex was 170 points, or 0.21 per cent lower, at 81,538, while the Nifty 50 was at 24,623, down 53.90 points, or 0.22 per centRead More  :>Climate, pests and alternatives are ruining cotton farming

Cotton farming is being destroyed by the climate, pests, and substitutes.BATHINDA : The area under cotton cultivation in Punjab has declined sharply over the past decade, owing to erratic rainfall, extreme temperatures during the growing season, pest infestations and a shift towards more profitable crops. Union Minister of State for Textiles Pabitra Margherita highlighted these challenges in a written reply to Punjab MP Raghav Chadha in the Rajya Sabha on Friday.To address these issues, the Department of Agriculture and Farmers Welfare has been implementing the Cotton Development Programme under the National Food Security and Nutrition Mission (NFSNM) since financial year 2014-15. It aims to increase the production and productivity of cotton in its 15 major producing states, including Punjab.Increasing the minimum support price (MSP) is the first measure, followed by timely water supply from canals, financial assistance during pink bollworm outbreaks and subsidy on seeds. The Indian Council of Agricultural Research (ICAR) organised training, field visits and demonstrations to disseminate best practices for managing pests and diseases. Under the crop diversification programme for the year 2024-25, it conducted 6,000 demonstrations to promote sustainable farming practices.The Cotton Corporation of India (CCI) plays a key role in stabilising cotton prices by procuring the crop at MSP when market prices fall below the threshold. However, the procurement volume has declined significantly in recent years, from a procurement of 3.56 lakh bales in 2019-20 to only 38,000 bales in 2023-24.Chadha blamed climate challenges, pest infestation and soil degradation for the decade-long decline in Punjab's cotton crop. He asked the central government about its plans to address these challenges and provide targeted technical and financial support to promote sustainable cotton cultivation in the region. Minister Margherita acknowledged the decline and outlined initiatives, including higher MSP and financial relief, to aid farmers.Read More :> Telangana's first cotton research centre to come up in Adilabad

Adilabad to host Telangana’s first cotton research centreAdilabad: The Indian Council of Agricultural Research (ICAR) has approved the establishment of an All India Coordinated Research Project (AICRP) centre on cotton in Adilabad district. This will be the first dedicated cotton research facility in Telangana and is expected to become operational in 2025 with a separate budget allocation.Adilabad, which is the second-largest cotton-producing region in the state, is set to gain significantly from the new centre. The facility will focus on developing improved cotton seed varieties, strengthening research infrastructure, and contributing to national-level agricultural research. It will also work in coordination with ICAR’s headquarters in New Delhi.The centre is expected to directly support farmers by offering training, field demonstrations, and guidance on modern farming techniques. It will also promote awareness of advanced agricultural practices aimed at improving both productivity and profitability.During the united Andhra Pradesh period, cotton research facilities were largely concentrated in regions such as Guntur and Nandyal, despite Telangana having substantial cotton cultivation areas.At present, Telangana cultivates cotton on nearly 54 lakh acres, with around 8 lakh acres in the erstwhile Adilabad district alone. The region’s cotton is also exported to international markets. In comparison, Andhra Pradesh has about 10 lakh acres under cotton cultivation but previously hosted a larger share of research centres.After the formation of Telangana, members of the Osmania University Joint Action Committee (OUJAC), led by Dr E. Dattatri, launched sustained efforts demanding a research centre in Adilabad. They submitted representations to both state and central authorities, which eventually led to the ICAR approval following the state government’s recommendation.Dr Dattatri welcomed the decision, calling it a major milestone for cotton farmers in the region. He noted that the centre would improve access to high-quality seed varieties, strengthen research support, and benefit the farming community. He also highlighted that the team had been pursuing the demand for over two years through meetings and petitions across political levels.The establishment of the centre is expected to transform Adilabad into a key hub for cotton research and innovation in Telangana.

The rupee closed 4 paise higher at 84.69 against the US dollar.The Sensex closed 56.74 points or 0.07 per cent lower at 81,709.12, and the Nifty closed 30.60 points or 0.12 per cent lower at 24,677.80. At the time of closing, 2298 stocks advanced, 1529 declined and 98 stocks remained unchanged.Read more:-  ICAR : nod for 2 cotton reaserch centres in T, ops bings next FY .