Dullness persists on cotton marketThe Spot Rate remained unchanged. The market remained steady and the trading volume remained low.Cotton analyst Naseem Usman while talking to Business Recorder said that according to the fortnightly report issued by Pakistan Cotton Ginners Association on Monday 7.35 million bales arrived as compared to the last years production of 5.37 million bales during this period.He also told that cotton will not be available in the month of January. A new crop of cotton will arrive in June. He also said that prices of cotton and cotton-related products like yarn and Banola increased by 60 % during 2021.He also told that the price of Punjab’s Phutti attracted per 40 kilograms prices from Rs 6000 to Rs 8000.Cotton of Sindh was traded from Rs 15000 to Rs 19000 per maund, Punjab’s cotton was traded from Rs 16000 to Rs 18500 per maund.The Spot Rate remained unchanged at Rs 18000 per maund. Polyester Fiber was available at Rs 252 per kg.
Waive import duty on cotton: Textile entrepreneurs to CentreTextile entrepreneurs are seeking waiver of import duty on cotton to tide over the rise in yarn price that has put the industry under stress over the last one year.Prabhu Dhamodharan, convenor of Indian Texpreneurs Federation (ITF) that has over 450 textile entrepreneurs as members, said the price of raw cotton increased by 67% in the last 12 months.“The Union government should remove the import duty on cotton to bring down cotton prices,” he said.Ideally, the cost of cotton should have come down in the last few weeks. But staggered supply of cotton by farmers has kept the prices high. The role of traders in hoarding cotton is also cited as a reason for the price rise.“Cotton traders are engaging in hoarding, which has been creating artificial shortage resulting in cost inflation. Import is also difficult as the government had imposed an import duty of 10% in last year’s Budget,” said president of Tirupur Exporters and Manufacturers Association (Teama) M P Muthurathinam. “Yarn prices have increased by over 150/kg in one year. On Saturday alone, there was 30 increase, taking the price to 360. It is expected to go up,” he said.Raja M Shanmugam, president of the Tiruppur Exporters Association, said that the government has been silent as cotton farmers are getting benefit over the increase in cotton price. “But survival of the textile industry, which is also labour intensive, is the responsibility of the government as it ensures livelihood of millions of families. If this industry suffers, cotton farmers will eventually suffer. Waiving import duty on cotton will be an immediate measure to bring prices down.”
*All India Weather Forecast for January 4, 2022**Weather systems made across the country*The Western Disturbance is over North Pakistan and adjoining parts of Afghanistan.A Cyclonic Circulation lies over Southwest Bay of Bengal, off Sri Lanka coast.Another Cyclonic Circulation is persisting over Southwest Rajasthan.*Weather movement across the country during the last 24 hours*During the last 24 hours, light to moderate rain with isolated heavy falls occurred over Tamil Nadu Coast.Light rain occurred over Interior Tamil Nadu and Andaman and Nicobar Islands.Moderate to dense fog covered parts of Punjab, Uttar Pradesh and Northeast India.*Weather activity likely during next 24 hours*During the first 10 days of January, a series of Western Disturbances will reach the Western Himalayas.During the next 24 hours, light rain with one or two moderate rains and snow is possible at isolated places over Jammu and Kashmir, Gilgit Baltistan, Muzaffarabad, Ladakh and parts of Himachal Pradesh and Uttarakhand.Light to moderate rain is also possible over Rajasthan, parts of Punjab, Haryana, Delhi and western parts of Uttar Pradesh.Light rain is possible over Tamil Nadu Coasts.
Today evening, the rupee strengthened by 7 paise to close at Rs 74.26 against the dollar.Today the stock market closed sharply. Today, where the Sensex rose by about 929.40 points, closed at the level of 59183.22 points. On the other hand, Nifty closed at the level of 17625.70 points with a gain of 271.70 points.
Rupee depreciates against dollar, loses 2 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 2 paise at Rs 74.35 against the dollar. At the same time, on Friday, the rupee closed at Rs 74.33 with the strength of 8 paise against the dollar.
Sensex rises by 248 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 247.66 points to open at the level of 58501.48 points.
*All India Weather Forecast for January 3, 2021**Weather systems made across the country*A fresh Western Disturbance is expected to reach North Himalayas by January 3.Its Induced Cyclonic Circulation lies over Southwest Rajasthan and will affect northern plains after January 3.A Cyclonic Circulation lies over Southwest Bay of Bengal, off Sri Lanka coast.A trough is extending from Gulf of Mannar to Southwest Bay. A Cyclonic Circulation is also persisting over East Bangladesh.*Weather movement across the country during the last 24 hours*During the last 24 hours, interior parts of Tamil Nadu witnessed moderate to heavy rains and Kerala witnessed light to moderate rains.Dense fog was observed over parts of Punjab and Uttar Pradesh and moderate fog over North Madhya Pradesh and Northeast India.*Weather activity likely during next 24 hours*During the next 24 hours, scattered rain and snow are very likely at isolated places over Jammu and Kashmir, Himachal Pradesh, Ladakh and Uttarakhand.Light to moderate rain with isolated rain is likely over parts of Tamil Nadu.Scattered rain very likely over Arunachal Pradesh, Assam & Meghalaya, Nagaland, Manipur, Mizoram and TripuraThere is a possibility of increase or slight increase in minimum temperatures over Northwest India.During the next 24 hours, the minimum temperature of East India is likely to drop by 2 to 3 degrees.
News of relief for the textile sector, GST Council did not increase rates on textilesThere is news of relief for the textile sector. The GST Council has decided to defer the increased GST on textiles. Explain that from January 1, there was a proposal to increase the GST on textiles from 5% to 12%.The meeting of the GST Council is over. Let us inform that in the meeting of the GST Council, it has been agreed to postpone the GST on textiles. Significantly, from January 1, 2022, the GST on textiles and shoes is going to be increased from 5 percent to 12 percent. From the state governments to the industries and businessmen associated with these areas, it is opposed. The government has taken this decision to defer GST on textiles after protests by different states.
Today evening, the rupee strengthened by 8 paise to close at Rs 74.33 against the dollar.Today the stock market closed sharply.Today, where the Sensex rose by about 459.50 points, closed at the level of 58253.82 points. On the other hand, Nifty closed at the level of 17354.00 points with a gain of 150.00 points.
Rupee opens 6 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 6 paise at Rs 74.35 against the dollar. At the same time, on Thursday, the rupee closed at Rs 74.41 with a gain of 33 paise against the dollar.
Fast start on the last day of the year, opened up by 332 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 331.53 points to open at 58125.85 points.
*Cotton price soars to Rs 10,000/quintal in Gujarat mandis**In Rajkot APMC, among the largest cotton markets of the state, the price touched Rs 10,050 -- the highest so far -- on Thursday. In Gondal APMC too, the highest price was Rs 10,000.**PRICES OF kapas (seed-cotton) touched a historic high of Rs 10,555 per quintal in the yard of agricultural produce market committee (APMC) mandi in Jamnagar Thursday. Traders say the rates of the natural fiber are going through the roof this season due to a drastic fall in production.**The price of kapas in Jamnagar mandi remained in the range of Rs 7500 to Rs 10,555 Thursday with modal price (the price at which the majority of a commodity gets sold on a given day) being Rs 10,000. “This is a historic price and the highest in the entire state. Last year, the highest bid was Rs 6,825 but this year, farmers are realising an average Rs 3,000 higher price,” said Hitesh Patel, secretary of Jamnagar APMC.**In Rajkot APMC, among the largest cotton markets of the state, the price touched Rs 10,050 — the highest so far — on Thursday. In Gondal APMC too, the highest price was Rs 10,000. The lowest in both these APMCs was Rs 7,511 and Rs 5,000 respectively with the modal price being around Rs 9,500.**The price of around Rs 9,500 is almost double as compared to last year’s average price of around Rs 5,500.**Cotton traders ascribed the phenomenon to a drastic drop in cotton yields coinciding with a negligible carry-forward stock of the previous year in India and an empty pipeline of the domestic cotton ginning and spinning industry. “The cotton arrivals in APMCs are almost half as compared to normal years even as demand from the domestic ginning and spinning industry is high as its raw material pipeline was empty due to almost nil carry-forward stock of the previous year. December-January marks the peak of cotton marketing season and normally, Jamnagar APMC records arrivals of around 2,000 quintals daily. But it is hardly around 1,000 quintals these days,” said Mahipatsinh Jadeja of Rajeshwari Trading, a cotton trading firm in Jamnagar APMC.**Similar is the case in Rajkot and Gondal. Rajkot APMC recorded arrivals of 3,450 quintals Thursday. On December 31 last year, cotton arrivals in Rajkot APMC were recorded at 5,400 quintals but the price was in the range of Rs 4,860 to Rs 5,705. In Gondal, arrivals on Thursday were 1,951 quintals, which secretary Tarun Panchani said, was almost half of previous years.*
*All India Weather Forecast for December 31, 2021**Weather systems made across the country*The Cyclonic Circulation lies over East Uttar Pradesh and adjoining Bihar.A trough is extending from a cyclonic circulation over East Uttar Pradesh and Bihar up to South East Madhya Pradesh.A weak Western Disturbance is likely to reach Western Himalayas around January 1.*Weather movement across the country during the last 24 hours*During the last 24 hours, the minimum temperatures over Northwest and Central India have dropped significantly. Cold wave conditions have arisen in one or two areas of Delhi and NCR, Haryana and Rajasthan.Light to moderate rain occurred at one or two places over Odisha and Chhattisgarh.Light to moderate rain occurred over some parts of Vidarbha, remaining parts of Odisha, Jharkhand, Bihar, West Bengal and Sikkim.Light rain occurred over Central and East Uttar Pradesh, East Madhya Pradesh, Gangetic West Bengal, parts of Assam and Coastal Tamil Nadu and light rain fell on one of the friends in Marathwada.Dense fog covered some areas of Uttar Pradesh.*Weather activity likely during next 24 hours*During the next 24 hours, light to moderate rain with isolated heavy falls is likely over South Coastal Andhra Pradesh and Coastal Tamil Nadu.Light to moderate rain may occur over parts of Sub-Himalayan West Bengal, Sikkim, Assam, Arunachal Pradesh, Andaman and Nicobar Islands and Interior Tamil Nadu.The minimum temperatures are likely to drop further over Northwest and Central India. Cold wave conditions may intensify over parts of Punjab, Haryana, Rajasthan and Delhi NCR.Parts of Haryana, Punjab and Uttar Pradesh may see moderate to dense fog.Scattered light rain and snow may occur over the Western Himalayas between January 1 and January 3.Rain and snow activities will increase significantly in Western Himalayas from January 4.If you broadcast or publish any information or article, please write to: skymetweather.com
Today evening, the rupee strengthened by 8 paise to close at Rs 74.41 against the dollar.Today the stock market closed with a fall. Today, where the Sensex fell by about 12.17 points, closed at the level of 57794.32 points. On the other hand, Nifty closed at the level of 17204.00 points down by 9.60 points.
*All India Weather Forecast for December 30, 2021**Weather systems made across the country*A Cyclonic Circulation lies over East Uttar Pradesh and adjoining parts of Bihar.A weak Western Disturbance is expected to reach Western Himalayas by January 1.*Weather movement across the country during the last 24 hours*During the last 24 hours, light to moderate rains occurred over parts of Chhattisgarh, East Madhya Pradesh and Vidarbha with isolated heavy rains.Light to moderate rain occurred over rest of Madhya Pradesh, some more parts of Vidarbha, East UP, Bihar, Jharkhand, Odisha and West Bengal.Light rain with isolated places occurred over West Uttar Pradesh, Sikkim and parts of Rajasthan.Light rain occurred at isolated places over Delhi & NCR, Gujarat, Southeast Rajasthan, Coastal Tamil Nadu, Coastal Odisha, West Bengal and Andaman & Nicobar Islands.Moderate to dense fog remained over isolated parts of Gujarat, Delhi, Punjab and West Uttar Pradesh.Vidarbha, Chhattisgarh and parts of Rajasthan witnessed hailstorm.*Weather activity likely during next 24 hours*During the next 24 hours, light rain is likely over East Uttar Pradesh, Bihar, Jharkhand, Chhattisgarh, parts of Odisha, West Bengal, Sikkim, Assam, Meghalaya and Arunachal Pradesh.Light rain is likely at isolated places over Nagaland, Manipur, Mizoram and Tripura.Light rain with some moderate places is possible over Andhra Pradesh and Tamil Nadu Coasts.Light rain is very likely over the interior parts of Tamil Nadu and Andaman and Nicobar Islands.The minimum temperature is likely to drop by 2 to 4 degrees over the Northwest and Central parts of the country.Dense fog is also possible in the morning in the Gangetic plains. *SiS Commited to update you on all textile related news real time.**Regards**Team Sis**Any query plz call 9111977771*Smartinfoindia.com*https://wa.me/919111977775*
*Cotton scales over one-month high on weaker dollar**ICE cotton futures rose over 3% to a one-month high on Wednesday, as a weaker US dollar made the natural fiber less expensive for overseas buyers.**The dollar index was down 0.3% in thin holiday trading as investors looked beyond a surge in Omicron cases.**The weakness in the dollar is supporting cotton prices and there is further support from a strong stock market, said Keith Brown, principal at Keith Brown and Co in Georgia.**“The price moves are also part of year-end volatility as trading is happening in very low volumes.”**The Dow index inched towards an all-time high on a boost from retailers Home Depot and Nike, while record daily US COVID-19 infections kept gains in check amid low trading volumes in the final week of the year. Investors now await the US Department of Agriculture’s weekly export sales report due on Thursday.**“Demand for US cotton is robust and might continue to grow stronger in 2022 if the supply chain situation improves,” added Brown.**Total futures market volume rose by 66 to 14,569 lots. Data showed total open interest gained 484 to 234,850 contracts in the previous session.*
| title | Created At | Action |
|---|---|---|
| Dullness persists on cotton market | 04-01-2022 15:01:07 | view |
| Waive import duty on cotton: Textile entrepreneurs to Centre | 04-01-2022 15:00:37 | view |
| *All India Weather Forecast for January 4, 2022* | 04-01-2022 15:00:01 | view |
| Today evening, the rupee strengthened by 7 paise to close at Rs 74.26 against the dollar | 04-01-2022 00:21:42 | view |
| Rupee depreciates against dollar, loses 2 paise | 03-01-2022 17:29:57 | view |
| Sensex rises by 248 points | 03-01-2022 17:29:19 | view |
| *All India Weather Forecast for January 3, 2021* | 03-01-2022 14:52:04 | view |
| News of relief for the textile sector, GST Council did not increase rates on textiles | 01-01-2022 01:25:38 | view |
| Today evening, the rupee strengthened by 8 paise to close at Rs 74.33 against the dollar | 01-01-2022 01:24:51 | view |
| Rupee opens 6 paise stronger against dollar | 31-12-2021 18:09:59 | view |
| Fast start on the last day of the year, opened up by 332 points | 31-12-2021 18:09:38 | view |
| *Cotton price soars to Rs 10,000/quintal in Gujarat mandis* | 31-12-2021 14:44:43 | view |
| *All India Weather Forecast for December 31, 2021* | 31-12-2021 14:20:08 | view |
| Today evening, the rupee strengthened by 8 paise to close at Rs 74.41 against the dollar | 30-12-2021 23:20:10 | view |
| *Weather systems made across the country* | 30-12-2021 14:21:52 | view |
| *Cotton scales over one-month high on weaker dollar* | 30-12-2021 14:21:25 | view |
