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Ginners will boycott the tenders of Cotton Corporation regarding BIS certificationNagpur: The Vidarbha Cotton Association (VCA), is going to be. Its members, over 400 ginners, cotton growers, traders and brokers, have given a call to boycott the annual tender of the Cotton Corporation of India (CCI), which buys cash crops from farmers at the minimum support price (MSP). The call for protest may shock the farmers of the region, disrupting the procurement cycle.CCI does ginning during ginners' meetings held at Hinganghat Kalmeshwar on Tuesday and after buying cotton from farmers. Cotton Ginning and Pressing Tenders are invited inviting ginners to process the raw stock. Cotton bales are made by the Bureau of Indian Standards. Research: Ginners to boycott Cotton Corporation's tenders on BIS certification.Various parameters, changes in climatic conditions, waste content, multiple harvesting seasons affect the final characteristics of cotton. VCA members say, CCI then stores the bales in its godowns where these are further taken for processing into yarn, in textile mills to make cloth and apparel.BIS proceeds on the basic premise that the arrival of quality raw cotton is not in their hands. “BIS can be applied on a product like gold, but not on lumps. Farmers start bringing raw cotton from October, while November to April is the peak season. Many farmers of Maharashtra have kept their stocks withheld till now. It is expected to get good price in August also. Irfan Khoje, a ginner and VCA member from Narkhed, said it is practically not possible to meet the BIS norms. “We are processors, not manufacturers. Not only ginners, but farmers will also suffer a lot by ignoring these rules,'' he said.Another member of the VCA, Bhavesh Shah said that ginning is happening. The industry is directly linked to the farmers. Processing of the best cotton is sometimes delayed in ginningIt rains or gets mixed with the leaves. If BIS forces us, then we have to ask farmers to bring desirable quality. If we do this, the gendarmes will be seen as anti-farmer,” he said.It is almost certain that it will be impossible for farmers to bring cotton as per BIS norms, said Narendra Chandak, a farmer and ginner. “BIS is not applicable on any agricultural commodity. Quality checks should not be imposed on us,'' Chandak ji said.Cotton consultant Govind Vairale believes that moisture is the only constraint. While the rest of the parameters can be complied with. at the beginning of the cotton season. So the moisture percentage stipulation should be relaxed from 8% to 12%. Later, the moisture should be up to 8%. All other specifications can be done. Should not be implemented as per BIS norms,” he said.

Pakistan: Good business in cotton marketLAHORE: The spot rate committee of the Karachi Cotton Association (KCA) on Tuesday hiked the spot rate by Rs 100 per head and closed it at Rs 18,500 per head. The local cotton market remained firm and the trading volume was satisfactory.Cotton analyst Naseem Usman said that the rate of new cotton crop in Sindh is between Rs 18,400 to Rs 18,500 per head. The rate of footi in Sindh is between Rs 7,000 to Rs 8,300 per 40 kg. The rate of cotton in Punjab is between Rs 19,200 to Rs 19,500 per head and the rate of foot is between Rs 7,700 to Rs 8,800 per 40 kg. Cotton rates in Balochistan range from Rs 18,300 to Rs 18,500 per head, while footy rates range from Rs 7,800 to Rs 8,600 per 40 kg.About 400 bales of Mehrab Pur, 1,000 bales of Khair Pur, 800 bales of Rohri at Rs 18,300 to Rs 18,350 per head, 1600 bales of Saleh Pat at Rs 18,300 to Rs 18,500 per head, 2200 bales of Shahdad Pur were sold. Sold at Rs 18,300 to Rs 18,400 per head, 800 bales of Mir Pur Khas, 200 bales of Sarkand sold at Rs 18,300 per head, 3200 bales of Tando Edam sold at Rs 18,400 to Rs 18,500 per head 400 bales of Daur were sold at Rs 18,300 to Rs 18,400 per head, Halani 400 bales at Rs 18,400 per head, Dera Ghai Khan 200 bales, Haroonabad 600 bales at Rs 18,900 per head, Lodhran 400 bales, 800 bales per head were sold Fort Abbas, Fakir Wali 1200 bales for Rs 19,000 per head, Vehari 1800 bales for Rs 18,900 to Rs 19,000 per head, Khanewal 500 bales for Rs 19,000 to Rs 19,200 per head, Hasil 400 bales were sold. Pur was sold for Rs 18,900 to Rs 19,000 per head, Laiya 400 bales, Sadiqabad 200 bales at Rs 18,900 per head, Jalal Pur 600 bales at Rs 19,000 to Rs 19,100 per head, Donga Bonga 400 bales were sold. 19,100 per head and 200 bales of Ahmed Pur East were sold at Rs.19,000 per head.The spot rate committee of the Karachi Cotton Association increased the spot rate by Rs 100 per head and closed it at Rs 18,500 per head. Polyester fiber was available at Rs 365 per kg.

Rupee rallied against dollar, opened weak by 6 paiseThe rupee opened strongly against the dollar today. Today, the rupee opened at a level of Rs 83.00 with a weakness of 6 paise against the dollar. On the other hand, on Monday, the rupee strengthened by 17 paise to close at Rs 82.94 against the dollar.Know which 3 stocks to bet on in the share market today, you will earnToday i.e. on Wednesday, the Indian stock market can open with a green mark. But ups and downs are likely to remain. In early hours today, GIFT Nifty is trading at higher levels which is expected to give a positive opening to Sensex and Nifty 50. However, on the other hand, Asian markets are trading mixed. As far as American stocks are concerned, trading has closed with a fall in the night. GIFT Nifty, earlier known as SGX Nifty, was trading at 19,357.5, up 43 points, or 0.22 per cent, at 7.32 am on Wednesday.

Rupee strengthened by 17 paise against dollarThe rupee strengthened by 17 paise to close at Rs 82.94 against the dollar this evening.Sensex up 3 pointsToday the stock market closed with a boom.Today, where the Sensex closed at a level of 65220.03 points with a gain of about 3.94 points.On the other hand, the Nifty closed at 19396.50 points with a gain of 2.90 points.

Pakistan: The spot price of cotton has increased amid continuous purchase of mills.LAHORE: The spot rate committee of the Karachi Cotton Association (KCA) on Monday hiked the spot rate by Rs 100 per head and closed it at Rs 18,400 per head. The local cotton market remained buoyant and the volume of business was satisfactory.Cotton analyst Naseem Usman said that the rate of new cotton crop in Sindh is between Rs 18,400 to Rs 18,500 per head. The rate of footi in Sindh is between Rs 7,500 to Rs 8,500 per 40 kg. The rate of cotton in Punjab is Rs 19,000 per head and the rate of cotton is between Rs 7,800 to Rs 8,600 per 40 kg. Cotton rates in Balochistan range from Rs 18,400 to Rs 18,500 per head, while footy rates range from Rs 8,000 to Rs 8,600 per 40 kg.About 200 bales of Nawab Shah, 1000 bales of Chaudagi, 200 bales of Bukhari, 200 bales of Sultanabad were sold at Rs 18,300 per head, 600 bales of Tando Adam, 3800 bales of Shahdadpur were sold at the rate of Rs 18,300 to Rs 18,400 per head. 200 bales of Mir Pur Khas, 400 bales of Khadro, 200 bales of Saleh Pat were sold at the rate of Rs 18,200 per head, 200 bales of Saleh Pat were sold at the rate of Rs 18,200 to 18,300 per head, 800 bales of Khair Pur Sold for Rs.18,200 to Rs.18,300 per head, 200 bales of Daur sold for Rs.18,200 to Rs.18,225 per head, 600 bales of Fakir Wali sold for Rs.18,800 to Rs.19,000 per head, 800 bales of Fort Abbas sold for Rs.18,800. 19,000 per head, Chishtian 600 bales, Marot 400 bales, Harunabad 1000 bales, Rahim Yar Khan 1200 bales at Rs 18,800 per head, Chichavatni 200 bales, Miyan Channu 200 bales at Rs 18,900. Per mind, 400 bales of Lodharan were sold at Rs.18,800 to Rs.18,900 per mind.The spot rate committee of the Karachi Cotton Association increased the spot rate by Rs 100 per head and closed it at Rs 18,400 per head. The rate of polyester fiber was increased by Rs 5 and was available at Rs 365 per kg.

Rupee opens marginally higher at 83.08 against the US dollarThe Indian rupee opened marginally higher against the US dollar on Tuesday amid a recovery in other Asian currencies. The local currency opened at 83.08 a dollar as compared to previous close of 83.11.Slight rise in Sensex, but Jio Financial hits lower circuit againToday, the stock market has started with a slight boom, but Jio Financial's stock has again hit the lower circuit. Keep in mind that even after the listing yesterday, a lower circuit was installed in it, which did not open again till evening. Today the Share Market started with a boom. Today, the BSE Sensex opened at a level of 65266.18 points with a gain of about 50.09 points. On the other hand, the NSE's Nifty opened at a level of 19412.20 points with a gain of 18.60 points.

Rupee strengthened by 1 paise against dollarThe rupee strengthened by 1 paise to close at Rs 83.11 against the dollar this evening.Sensex up 267 pointsToday the stock market has closed with a boom.Today, where the Sensex closed at a level of 65216.09 points with a gain of about 267.43 points.On the other hand, the Nifty closed at a level of 19393.60 points with a gain of 83.40 points.

Cotton supply conditions comfortable: SIMAThe Southern India Mills Association (SIMA) said that according to data available with the Cotton Corporation of India, cotton arrivals have crossed 31.8 million bales so far during the current season that began in October last year.SIMA President Ravi Sam said in a press release that there are reports that the size of the cotton crop this season will be 311.18 lakh bales. This is probably ginning production, he said.The Cotton Production and Consumption Committee has estimated the total production at 343 lakh bales and the opening stock at 39.48 lakh bales. He said that the data shared by the committee should be the standard for trade and industry.Cotton prices have risen by ₹3,000 per candy in the past few days and were quoted above ₹60,000 per candy on Saturday amid fears of lower production.The predominantly cotton-based Indian textile industry is facing challenges due to high volatility in cotton prices and 11% import duty on cotton. Cotton textile exports including readymade garments fell by 23% during 2022-2023 and 18% in April-June 2023 as compared to the same period last year. He said availability of cotton is not a challenge and stability and competitive cotton prices are essential for the industry.

"Punjab Agriculture Minister takes steps accordingly after pink bollworm attack on cotton crop in Bathinda and Mansa"In 2021, about 34 per cent loss in production due to severe infestation of pink bollworm on cotton crop with Bathinda being the most affected. The total area under cotton in 2021 was 2.52 lakh hectares.Amid reports of pink bollworm attacks on cotton crop in some villages of Bathinda and Mansa, the Punjab Agriculture Department has deployed senior officials to visit farms in four districts to help the affected farmers.Punjab Agriculture and Farmers Welfare Minister Gurmeet Singh Khudian has also canceled the holidays including Saturdays and Sundays of agricultural workers till August 31 in the cotton belt of Fazilka, Bathinda, Mansa and Muktsar to monitor the crop.Khuddian said, “To help farmers fight the pink bollworm attack in the cotton belt, four senior officers have been deputed to Sri Muktsar Sahib, Bathinda, Fazilka and Mansa districts. These officers will visit the fields to inspect the cotton crop and guide the farmers to prevent the attack of this pest, apart from monitoring the work of the officers."The next 15 days are very crucial for the cotton crop," he said.In 2021, about 34 per cent loss in production due to severe infestation of pink bollworm on cotton crop with Bathinda being the most affected. The total area under cotton in 2021 was 2.52 lakh hectares.The then Congress government led by Charanjit Singh Channi had announced a compensation of Rs 17,000 per acre for the farmers.Last year, the area under cotton in the state was 2.48 lakh hectares and it is expected to decline sharply to 1.75 lakh hectares in 2023, of which the maximum is in Fazilka at 92,000 hectares.In Punjab, the cotton belt extends over eight districts in the south-west region of the state. These are Bathinda, Mansa, Fazilka, Muktsar, Sangrur, Barnala, Moga and Faridkot. And, more than 95 percent of this area is in Fazilka, Bathinda, Mansa and Muktsar.The cotton sector has not been affected by the floods, but farmers in Abohar are complaining of water scarcity. However, according to agriculture experts, moisture in the cotton belt is the reason for pest infestation.Meanwhile, the procurement of raw cotton will formally begin on August 21 at the Abohar mandi. The purchase will be of the lower part of the cotton plant which is getting ready, while the flowers are seen on the upper part. In such a situation, the attack at this time has rung the bell of danger.

Pakistan Weekly Cotton Review: Spot rate edged up as cotton prices continued to rise.Karachi: Cotton prices continued to rise during the last week. The spot price increased by Rs 300 per head. The production of cotton was twenty lakh fifteen thousand bales. Production till August 31 is expected to be 12.6 lakh bales, up 82% from around 28 lakh bales in the same period last year.Total production is expected to exceed 10 million bales. However, the textile sector has been badly affected by the gas shutdown. There has been a decline of about 14.44 percent in textile exports. Measures should be taken to make the export industry profitable.In the domestic cotton market, cotton prices continued to rise, besides increased trading volume during the last week on increased interest in buying cotton by textile spinners as well as cotton ginners.However, the news of the appointment of Gohar Ijaz Patron, Patron of the All Pakistan Textile Mills Association, as Minister of Industry and Textiles is a welcome development especially for the textile sector.Gauhar Ijaz said in a TV interview recently that export industries, especially the textile sector, will not need subsidy for energy. He said that he has a clear economic plan for this. Now given a chance, he will try to solve the energy problem by implementing the proposed scheme.The price of cotton in Sindh province is between Rs 18,000 to Rs 18,300 per head. The price per 40 kg foot is between Rs 7,300 to Rs 8,400. The rate of cotton in Punjab is between Rs 18,300 to Rs 18,7000 per head, while the rate of foot is between Rs 7,200 to Rs 8,600 per 40 kg. Cotton rates in Balochistan range from Rs 18,100 to Rs 18,300 per head and cotton between Rs 7,400 to Rs 8,500 per 40 kg. prices of khal, cottonseed and oil; however, remained stable.The spot rate committee of the Karachi Cotton Association increased the spot rate by Rs 300 per head and closed it at Rs 18,300 per head.Naseem Usman, chairman of Karachi Cotton Brokers, said that the price of cotton has declined in the international cotton market. After the ups and downs, the futures trading rate was around 83.62 US cents.According to the USDA's weekly export and sales report, one lakh eighty-six thousand and three hundred bales were sold for the year 2023-24.China remained on top by purchasing one lakh thirty eight thousand four hundred bales. Turkey bought 13,200 bales and stood second. El Salvador was third with 10,500 bales.If the supply of expensive electricity and gas to the national textile industry and export sector continues, Pakistan's textile exports will decline due to the costlier textile of Bangladesh, Sri Lanka and India.He said that due to any uncertain economic situation in Pakistan, the confidence of domestic and foreign investors is immediately shaken, but it takes years to recover.However, Syed Usman Ali, president of the South Circle of Pakistan's Towel Manufacturers Association, expressed serious concern about the cut in two-day weekly gas supplies to export units in Sindh and Balochistan.SSGCL has announced a two-day gas shutdown for all industrial units and captive power plants in Karachi on a weekly basis and this gas shutdown has deepened the woes of exporters in Pakistan's economic hub.The gas cut, in particular, adversely affected the manufacturing process of textile export-oriented units.According to the latest fortnightly data released by the Pakistan Cotton Ginners' Association (PCGA) on Friday, cotton arrivals in Pakistan saw a significant increase of 48% on August 15 as compared to August 1.Till August 15, cotton arrivals in Punjab stood at 0.64 million bales as compared to 0.39 million bales as on August 01, 2023, an increase of 64%.Similarly, cotton arrivals in Sindh stood at 1.48 million bales, as against 1.04 million bales recorded in August 1, an increase of 0.44 million bales or 42%.However, Karachi Cotton Brokers Forum President Naseem Usman made an interesting comparison of cotton production, saying that the production of cotton in the country till August 31 last year was 15 lakh 39 thousand 710 bales, now till August 15, cotton production should be 21 lakh 15 thousand. Has gone. And there are 4333 bales, so this year's cotton production is five lakh seventy five thousand 723 bales more than last year's cotton production.If the production of 16 days in the month of August is assumed to be about 7 lakh bales, then the production would be about 28 lakh bales.According to this calculation, by August 31, the production of cotton in the country will be 82 percent i.e. about 12.50 lakh bales more than the production on August 31 last year. If weather conditions are favourable, the total production can exceed one crore bales.

Rupee gains 5 paise to open at 83.05 against the US dollarThe Indian rupee opened 5 paise higher against the US dollar on Monday, despite losses in Asian peers amid persisting worries over rising US yields. The local currency opened at 83.05 a dollar as compared to its Friday’s close of 83.10.Slight rise in Sensex, now keeping an eye on Jio Financial's listingToday the stock market started with a boom. Today, the BSE Sensex opened at a level of 64993.68 points with a fall of 45.02 points. On the other hand, NSE's Nifty opened at a level of 19326.90 points with a fall of 16.70 points.