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Cotton Harvest Expected to Double This Season: Cotton Picking BeginsCotton picking has commenced in Punjab, with experts anticipating a yield double that of last year, offering relief to farmers as pest impact remains minimal.Harvesting of cotton bolls has started in Punjab’s semi-arid districts, with field reports indicating insignificant pest damage, bringing much-needed reassurance to farmers. Experts from Punjab Agricultural University (PAU) and state agriculture officials project that this year’s cotton production will be twice that of last year, encouraging farmers to return to cotton cultivation.In the 2023-24 season, Punjab produced 17.54 lakh quintals of cotton. However, this year saw a historic low in cotton acreage, with only 96,000 hectares sown. Pest attacks in previous seasons and the shift towards rice cultivation contributed to this decline. Despite an agriculture department target of two lakh hectares, only 1.79 lakh hectares were planted with cotton, marking a 46% decrease from last year.According to Punjab Mandi Board data, small quantities of cotton have begun arriving in various mandis, with private buyers offering up to ₹7,501 per quintal, above the MSP of ₹7,281. Over 160 quintals of raw cotton have already been purchased, with Muktsar recording the highest arrival of 82 quintals so far.State cotton coordinator Manish Kumar expects arrivals to increase by month-end, noting that the early-sown crop is now reaching markets. Agriculture authorities also report no significant impact from pests like the whitefly or pink bollworm this season. PAU's principal entomologist, Vijay Kumar, highlighted that effective pest management has helped protect crops.Farmers anticipate yields of eight quintals per acre, a sharp improvement from last year’s average of four quintals, thanks to favorable weather and coordinated pest control efforts. The next few weeks will be critical as the second round of cotton picking begins, potentially boosting production further.Read More :-  Cotton prices skyrocketed, 3% higher than MSP, prices will increase further due to less sowing

In early trade, the rupee climbs 7 paise to 83.69 against the US dollar.Sensex up 600pts at record 83,600, Nifty above 25,500 on 50bps cutAt 10 AM, the BSE Sensex was at 83,538, up 590 points, or 0.71 per cent, while the Nifty 50 was at 25,531, up 154 points, or 0.61 per cent higher.Read More :> 11 new CCI centres for cotton procurement in Jalgaon: To be started soon

The rupee closed at 83.75 against the dollar this evening with no changeAt the end of the trading, the BSE Sensex closed at 82,948.23 with a decline of 131.43 points or 0.16 per cent. At the same time, NSE's 50 -share index, Nifty fell 41 points or 0.16 per cent to close at 25,377.55.Read More :-  Cotton Arrivals Begin in Punjab Mandis

In early trade, the rupee gains 2 paise to 83.84 against the US dollar.The rupee appreciated 2 paise to 83.84 against the US dollar in early trade on Tuesday, helped by a weak greenback against major crosses overseas and lower crude oil prices in international markets.Read More :>Cotton Arrivals Begin in Punjab Mandis

The rupee finished at 83.89 versus the dollar this evening, unchangedAt the end of trading, the Sensex closed at 82,988.78 with a gain of 97.84 points or 0.12 percent. At the same time, the Nifty closed at 25,383.75 with a gain of 27.25 points or 0.11 percent.Read More :-  Cotton Arrivals Begin in Punjab Mandis

In early trade, the rupee climbs 5 paise to 83.87 against the US dollar.The rupee appreciated by 5 paise to 83.87 against the US dollar in early trade on Monday supported by weakening of the American currency in the overseas market and significant foreign fund inflows.Read More :> Cotton Arrivals Begin in Punjab Mandis

This evening, the rupee strengthened by 8 paise to close at 83.89 against the dollar.At the end of the trading session, the Sensex closed at 82,890.94, down 71.77 points or 0.09 per cent, and the Nifty closed at 25,356.50, down 32.40 points or 0.13 per cent. About 2363 stocks rose, 1431 stocks declined and 102 stocks remained unchanged.Read more:-  11 new CCI centres for cotton procurement in Jalgaon: To be started soon

Cotton Arrivals Begin in Punjab MandisBathinda: The arrival of raw cotton has commenced in Punjab’s mandis, with the first batch of 5 quintals being sold at ₹7,154 per quintal in the Malout grain market on Thursday. While the minimum support price (MSP) for the current season is set at ₹7,421 per quintal for 27.5-28.5mm long staple cotton, this MSP will only come into effect from October 1. Until then, the previous MSP of ₹6,920 per quintal for the same variety will remain applicable until September 30.This year marks a significant shift as cotton cultivation in Punjab has fallen below 1 lakh hectares for the first time in decades. Muktsar district mandi officer, Ajaypal Singh, noted that small quantities of cotton had started arriving in Muktsar earlier in the week, with the first arrival at Malout recorded on Thursday.Read More :- 11 new CCI centres for cotton procurement in Jalgaon: To be started soon

Rupee gains 3 paise vs the dollarAt the interbank foreign exchange market, the local unit opened at 83.97 and witnessed an intraday high of 83.95 and a low of 83.99 against the American currency.Read More :> 11 new CCI centres for cotton procurement in Jalgaon: To be started soon

This evening, the rupee strengthened by 1 paisa to close at Rs 83.97 against the dollar.At the end of trading, the BSE Sensex jumped 1,439.55 points or 1.77 per cent to close at 82,962.71. During the day's trading, it touched its new all-time high of 83,116.19 points. On the other hand, the NSE's 50-share index, Nifty, rose 470.45 points or 1.89 per cent to close at 25,388.90. It also made its new record high of 25,433.35 points today.Read more:- Ajit Pawar Said Centre Favourable to Raising MSP for Soybean, Cotton

11 brand-new CCI locations in Jalgaon for the purchase of cotton: to begin shortlyJalgaon: This year the Cotton Corporation of India (CCI) has approved 11 cotton procurement centres in the district, which will come into operation soon. For the last two years, many centres were closed due to lack of procurement under the Cotton Marketing Federation, causing huge financial losses to the farmers.Cotton is widely cultivated in Jalgaon district, especially in other talukas except Raver and Yaval. A large quantity of cotton was procured at the centres set up by CCI during the Covid pandemic. However, in the recent two years, most of the procurement centres were closed due to lack of personnel and other systemic challenges. Due to this, farmers were not able to get a fair price for their crop, which affected their economic condition.Keeping in mind the problems of the farmers, Union Minister of State Raksha Khadse had discussed with Union Textiles Minister Giriraj Singh. As a result, 11 new CCI cotton procurement centres will be opened in the district at Jamner, Bhusaval, Chopra, Bodwad, Pachora, Jalgaon, Chalisgaon, Erandol, Shendurni, and Dharangaon.Farmers will get benefits under MSPHigh quality cotton with 8 to 12 percent moisture will be procured from farmers at these centres. The cotton will be procured under the Minimum Support Price (MSP), and payments will be made directly into the farmers' bank accounts through DBT (Direct Benefit Transfer).This move by CCI will help farmers of Jalgaon district get the right price for their crop and overcome the financial crisis.