Strong opening in Sensex, opened up by 350 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 350.24 points to open at the level of 57097.38 points.
*Procurement centres set up to aid cotton growers**Vijayawada: The Cotton Corporation of India (CCI) is operating 71 procurement centres in the state to assist the cotton growers.**The CCI said that for the 2021-22 season, they have opened 30 procurement centres besides 41 procurement points at notified ginning and pressing factories, said CCI Guntur branch manager G Sai Aditya.**He added the Centre has announced a minimum support price (MSP) of Rs 6,025 per quintal for the current season. This is the rate at which cotton is being purchased at the Adoni market at Rs 7,689 per quintal and this year, the highest amount paid to the farmers has been Rs 8,219 per quintal, Sai Aditya said. “The CCI does not procure cotton that does not belong to the Fair Average Quality (FAQ) grade,” he sad. The CCI is particular about the procurement of FAQ grade cotton, which is determined by the moisture level, which should range between 8 per cent and 12 per cent. “If the moisture is above 12 per cent, the CCI will not procure it,” Sai Aditya asserted.**Further, the CCI does not procure immature cotton or those with red, yellow or black marks as such cotton is below the FAQ grade, he added. The rains have damaged the cotton crop this season, leaving the CCI unable to procure cotton in these places.* *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*
*All India Weather Forecast for December 07, 2021**Weather systems made across the country*The Deep Depression has weakened into a Depression and now lies as a Deep Sleep Pressure Area over Gangetic West Bengal and South Bangladesh. The associated cyclonic circulation extends up to 4.5 km above mean sea level.A trough is extending from a cyclonic circulation associated with a Deep Neck Depression over Gangetic West Bengal and South Bangladesh to Coastal Odisha to Coastal Andhra Pradesh.A cyclonic circulation is persisting over Northeast Arabian Sea off South Gujarat coast.The Western Disturbance is moving eastwards.Another fresh Western Disturbance has been observed over North Afghanistan and adjoining North Pakistan.*Weather movement across the country during the last 24 hours*During the last 24 hours, moderate to heavy rains occurred over Gangetic West Bengal and north coast of Odisha.Light to moderate rain accompanied by heavy rain occurred at one or two places over South Tamil Nadu.Rest of Odisha and parts of Kerala received light to moderate rains.Snowfall occurred at many places with light to moderate rain and heavy rain in Jammu and Kashmir, Gilgit Baltistan, Muzaffarabad, Ladakh and Himachal Pradesh.Light rain occurred at isolated places over North Coast of Odisha, Interior Tamil Nadu, South Interior Karnataka, parts of Punjab, Haryana, Delhi, Northwest Uttar Pradesh and East Rajasthan, Andaman and Nicobar Islands, Manipur, Mizoram and Tripura.*Weather activity likely during next 24 hours*During the next 24 hours, light to moderate rain is very likely at isolated places over Meghalaya, East Assam, Arunachal Pradesh, Nagaland and parts of Manipur, Mizoram and Tripura.Light to moderate rain may occur over Tamil Nadu, Kerala, Jammu and Kashmir, Himachal Pradesh and Uttarakhand.On December 6, scattered snowfall is also possible over Western Himalayas. Another spell of rain and snow is expected in the Western Himalayas between December 8 and 9, which will be comparatively mild.Light rain is possible at isolated places over Coastal Andhra Pradesh, South Interior Karnataka and Lakshadweep.
Today evening, the rupee depreciated by 26 paise to close at Rs 75.42 against the dollar.Today the stock market closed with a fall.Today, where the Sensex fell by about 949.32 points, closed at the level of 56747.14 points. On the other hand, Nifty closed at a level of 16912.30 points down by 284.40 points.
Pandemic scare, poor quality lowers cotton rates by ₹1,500 per quintalThe sudden dip in the global demand due to the pandemic scare and poor quality of raw cotton in areas of Punjab has lowered rates of the kharif crop by up to ₹1,500 quintal in the last two weeks.But farmers continue to get much above the minimum support price (MSP) of ₹5,925 per quintal.Industry watchers say in the last one month, mode rate or the maximum average price of the kharif produce was about ₹9,500 per quintal. It means 70% of the crop was purchased at around ₹9,500 and nearly 10% of the best quality produce was sold even higher than ₹9,500. And nearly 20% was sold below the mode rate due to poor quality.However, the mode rate of cotton in the last 10 days remains static at about ₹8,000 per quintal.According to the Punjab Mandi Board data, 9.57 lakh quintal of cotton was purchased in the state till Saturday. Of that, only 5,545 quintal produce was bought by the private players below MSP.Chander Kant Garg, a Mansa-based cotton ginner said this time the leading cotton-growing districts of Bathinda and Mansa saw the worst-ever quality of cotton. Garg said he has a stock of ginned cotton worth ₹3 crore but no textile unit is ready to buy it due to the quality of the natural fibre.“Reflectance (Rd) value that determines bright or dull a cotton sample continues to much less than the acceptable value of 72-82. The produce lost its white colour due to widespread pink bollworm infestation in the twin districts. Traders bought cotton at competitive rates to meet demand but now there are no buyers in the market for the yellowish cotton,” said Garg.Industry sources say rates may pick up again after December 15 as the picture of the new Covid-19 variant Omicron may be clearer and demand regains the momentum.Mandi Board cotton state coordinator Rajnish Goel said this time the cotton arrival in the purchase centers across the rate was nearly 54% less in comparison with the last year.Last year till December 4, Punjab had recorded more than 21 lakh quintals of raw cotton whereas in the corresponding period this year is only 9.57 lakh. It is attributed to damage to the standing crop by the deadly pest, he added.“As per the traditional trend, cotton arrival picked up for the last week as farmers are done with wheat sowing. Now the daily arrival is about 15,000 quintals,” said the official.Director of Indian Cotton Association Limited, a body dealing in export, spinning, ginning of cotton, Rakesh Rathi said the textile sector in the USA has reduced importing cotton as per its economic decisions.“Cotton rates in Punjab were high since the beginning of the season as traders had to meet export demands. As cotton harvesting in the central and south Indian states was delayed due to rains, rates were record high than usual. As the new crop has started arriving from other states, prices in Punjab were expected to be corrected at this phase. But rates may not drop beyond ₹8,000 mark,” said Rathi.
Cotton farmers hit hard in Andhra Pradesh as CCI yet to enter market, ensure MSPThe cotton farmers in the state are being exploited heavily this year, as the Cotton Corporation of India (CCI) is yet to enter the market. The private players in the market are offering throwaway price to the farmers, denying minimum support price (MSP) offered by the state government. This year, the CCI had announced an MSP of Rs 6,250 per quintal, while the market price now is just Rs 4,500 to Rs 5,500. The price is offered at the whims and fancies of the private buyers in the absence of the CCI in the market. The price which was around Rs 9,000 per quintal in the beginning of the season had come down to Rs 4,500 now. The private buyers are rejecting the yield at the market platforms on the grounds of quality, particularly discolour. The cotton is cultivated in 6.06 lakh hectors, which is close to 15 lakh acres, this year, with an estimated yield of 19 lakh bales (84.5 lakh quintals) at a productivity rate of 536 kg per hectare, according to the reports of the Agriculture Market Intelligence Centre of Acharya NG Ranga Agriculture University. While the entire country was estimated to produce 371 lakh bales of cotton from 129.57 lakh hectors in this season, Andhra Pradesh contributes 19 lakh bales. Interestingly, Andhra Pradesh is one of the third highest cotton producing state in the country, after Maharashtra and Gujarat.AP is a part of the Cotton Basket of India, including Maharashtra, Gujarat and Telangana, which collectively contribute two-thirds country’s cotton production. Cotton is produced in Kurnool, Guntur, Anantapur, Krishna and Prakasam districts, the top five districts in terms of area of cultivation and production. The price which was around Rs 6,000 per quintal in July 2020 had come down to Rs 2,500 in August 2020 and currently fluctuates around Rs 4,500 to Rs 5000 per quintal at the Adoni market in Kurnool district.
Xinjiang sees bumper cotton harvest this yearNorthwest China's Xinjiang Uygur Autonomous Region has seen a bumper harvest of cotton this year, with machines doing over 80 percent of the picking work, authorities said.The cotton harvesting work this year has almost been completed in the region, and the total yield is expected to reach 5.2 million tonnes, 39,600 tonnes higher than that of last year, according to the regional department of agriculture and rural affairs.The quality is also much higher compared with last year.Thanks to the high cotton prices since mid-September, cotton farmers are expected to reap an average net income exceeding 22,500 yuan (about 3,530 U.S. dollars) per hectare this year.The department estimates that machines have performed over 80 percent of the cotton-picking work, with the northern part of the region reaching nearly 100 percent of mechanized harvesting.The cotton and textile industry is one of the pillar industries in the region. Figures show that the cotton output of Xinjiang, the country's largest growing area for the crop, accounted for 87.3 percent of China's total in 2020.
Rupee collapses against dollar, opens weak by 9 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 9 paise at Rs 75.25 against the dollar. At the same time, on Friday, the rupee closed at Rs 75.16 with a weakness of 17 paise against the dollar.
Poor start in Sensex, falling 152 points to openToday the stock market opened with a fall. Today the BSE Sensex fell by about 151.81 points and opened at the level of 57544.65 points.
cotton farmers hit hard in Andhra Pradesh as CCI yet to enter market, ensure MSPThe cotton farmers in the state are being exploited heavily this year, as the Cotton Corporation of India (CCI) is yet to enter the market. The private players in the market are offering throwaway price to the farmers, denying minimum support price (MSP) offered by the state government.This year, the CCI had announced an MSP of Rs 6,250 per quintal, while the market price now is just Rs 4,500 to Rs 5,500. The price is offered at the whims and fancies of the private buyers in the absence of the CCI in the market.The price which was around Rs 9,000 per quintal in the beginning of the season had come down to Rs 4,500 now. The private buyers are rejecting the yield at the market platforms on the grounds of quality, particularly discolour.The cotton is cultivated in 6.06 lakh hectors, which is close to 15 lakh acres, this year, with an estimated yield of 19 lakh bales (84.5 lakh quintals) at a productivity rate of 536 kg per hectare, according to the reports of the Agriculture Market Intelligence Centre of Acharya NG Ranga Agriculture University. While the entire country was estimated to produce 371 lakh bales of cotton from 129.57 lakh hectors in this season, Andhra Pradesh contributes 19 lakh bales. Interestingly, Andhra Pradesh is one of the third highest cotton producing state in the country, after Maharashtra and Gujarat.AP is a part of the Cotton Basket of India, including Maharashtra, Gujarat and Telangana, which collectively contribute two-thirds country’s cotton production.Cotton is produced in Kurnool, Guntur, Anantapur, Krishna and Prakasam districts, the top five districts in terms of area of cultivation and production.The price which was around Rs 6,000 per quintal in July 2020 had come down to Rs 2,500 in August 2020 and currently fluctuates around Rs 4,500 to Rs 5000 per quintal at the Adoni market in Kurnool district.
*All India Weather Forecast for December 06, 2021**Weather systems made across the country*Cyclone Jawad has weakened into a deep depression and today at 5:30 hrs it was over North West and adjoining West Central Bay of Bengal near 18.4 N Longitude and 85.4 East Latitude.The circulation remains over Northeast Arabian Sea off South Gujarat Coast.A fresh Western Disturbance has reached the Western Himalayas.*Weather movement across the country during the last 24 hours*During the last 24 hours, Coastal Odisha received light to moderate rain with isolated heavy falls.Light to moderate rain occurred over Gangetic West Bengal, parts of Tamil Nadu and isolated parts of Kerala.Light rain occurred at isolated places over Manipur, Mizoram, Tripura, Interior Odisha, Lakshadweep, Madhya Maharashtra and Goa, Coastal Karnataka, Andaman and Nicobar Islands, Himachal Pradesh and South Chhattisgarh.Light rain and snowfall occurred in Jammu and Kashmir.*Weather activity likely during next 24 hours*During the next 24 hours, light to moderate rains with isolated heavy falls are very likely over Coastal Odisha, Gangetic West Bengal and Manipur, Mizoram and Tripura.Light to moderate rain may occur over Jharkhand, remaining parts of West Bengal, Tamil Nadu and Kerala.Light to moderate rain and snow may occur over Jammu and Kashmir, Gilgit-Baltistan, Muzaffarabad, Ladakh, Himachal Pradesh and Uttarakhand.Light rain is possible over Meghalaya, Nagaland, Lakshadweep, Andaman and Nicobar Islands, parts of Punjab, Haryana and Northwest Uttar Pradesh.*Light rain or thundershowers may occur over Delhi NCR.**-For Regular Commodity Market Update:**Call:9111977771*https://wa.me/919111977775
Today evening, the rupee depreciated by 17 paise to close at Rs 75.16 against the dollar.The Sensex closed at a level of 57696.46, down 764.83 points. On the other hand, Nifty closed at the level of 17196.70 points down by 205.00 points.
India's cotton textile exports grow 40.72% in November 2021India’s exports of textiles, covering cotton yarn/fabrics/made-ups, handloom products, etc increased by a substantial 40.72 per cent to $1.227 billion in November 2021, compared to $872.55 million in the same month of the previous year, according to the preliminary data on merchandise trade released by the ministry of commerce and industry.Readymade garment exports of all textiles increased slightly by 2.72 per cent from $1.043 billion in November 2020 to $1.072 billion last month, the data showed.India’s merchandise exports in November 2021 stood at $29.88 billion, showing an increase of 26.49 per cent over $23.62 billion in November 2020 and an increase of 15.93 per cent over $25.77 billion in November 2019.Cumulative value of exports from India for the period April-November 2021 was $262.46 billion, an increase of 50.71 per cent over $174.15 billion in April-November 2020 and an increase of 24.29 per cent over $211.17 billion in April-November 2019.The trade deficit in November 2021 was $23.27 billion, while it was $121.98 billion during April-November 2021.
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 75.01 against the dollar. At the same time, on Thursday, the rupee closed at Rs 74.99 with a weakness of 9 paise against the dollar.
Sensex opened sharply today, up 216 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 215.76 points to open at the level of 58677.05.
Today evening, the rupee depreciated by 9 paise to close at Rs 74.99 against the dollar.Today the stock market closed sharply. Today, where the Sensex gained about 776.50 points, closed at the level of 58461.29 points. On the other hand, Nifty closed at the level of 17401.70 points with a gain of 234.80 points. Apart from this, a total of 3,400 companies were trading on the BSE today, out of which about 2,202 shares closed up and 1,049 shares closed down.
| title | Created At | Action |
|---|---|---|
| Strong opening in Sensex, opened up by 350 points | 07-12-2021 17:26:36 | view |
| *Procurement centres set up to aid cotton growers* | 07-12-2021 14:22:18 | view |
| All India Weather Forecast for December 07, 2021 | 07-12-2021 14:21:55 | view |
| Today evening, the rupee depreciated by 26 paise to close at Rs 75.42 against the dollar | 06-12-2021 23:31:38 | view |
| Pandemic scare, poor quality lowers cotton rates by ₹1,500 per quintal | 06-12-2021 17:53:32 | view |
| Cotton farmers hit hard in Andhra Pradesh as CCI yet to enter market, ensure MSP | 06-12-2021 17:52:31 | view |
| Xinjiang sees bumper cotton harvest this year | 06-12-2021 17:16:14 | view |
| Rupee collapses against dollar, opens weak by 9 paise | 06-12-2021 17:15:35 | view |
| Poor start in Sensex, falling 152 points to open | 06-12-2021 17:15:11 | view |
| Cotton farmers hit hard in Andhra Pradesh as CCI yet to enter market, ensure MSP | 06-12-2021 17:14:39 | view |
| *All India Weather Forecast for December 06, 2021* | 06-12-2021 14:47:23 | view |
| Today evening, the rupee depreciated by 17 paise to close at Rs 75.16 against the dollar | 03-12-2021 23:13:07 | view |
| India's cotton textile exports grow 40.72% in November 2021 | 03-12-2021 18:29:02 | view |
| Rupee depreciates against dollar, loses 2 paise | 03-12-2021 17:43:22 | view |
| Sensex opened sharply today, up 216 points | 03-12-2021 17:43:04 | view |
| Today evening, the rupee depreciated by 9 paise to close at Rs 74.99 against the dollar | 02-12-2021 23:57:21 | view |
