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Rupee closes flat against US dollartracking a stronger dollar which led to losses across Asian currencies, but likely dollar sales by the country's central bank capped losses.Sensex up 137 pointsToday the stock market closed with a boom.Today, where the Sensex closed at a level of 65539.42 points with a gain of about 137.50 points.At the same time, the Nifty closed at the level of 19465.00 points with a gain of 30.50 points.

The cotton crop in North India is facing the threat of pink bollworm attack.  Cotton crop in North India is under threat of Pink Bollworm (PBW) attack and the intensity of pest attack has been observed more this year as compared to last two years. While PBW in cotton was seen only at the end of the season during Kharif 2022-23 in the north, this year the pest has appeared early in the season, posing a major threat to farmers. Because the arrivals in Punjab have been recorded almost one-third as compared to the previous year, 2021-22. Cotton arrivals in Punjab have been recorded at 8.7 lakh quintals in the 2022-23 marketing season so far this year, as against 28.89 lakh quintals for the entire 2021-22 season.The USDA's weekly export sales report showed net sales of 277,700 running bales of cotton for 2023/2024, with growth mainly attributed to China. During this kharif season, cotton cultivation in Gujarat has achieved a remarkable feat surpassing the record of the last eight years. Farmers in the state have successfully sown cotton in an area of 26.64 lakh hectares, in sharp contrast to the decline seen in other major cotton growing states. Gujarat, known as India's largest cotton producer, has completed cotton sowing in a total of 26,64,565 hectares (ha) till July 31, according to official data from the state agriculture directorate. In the main spot market Rajkot, the price closed at Rs 29267.85 with a gain of 0.05 per cent.Technically the market is in fresh buying phase as the market has seen an increase of 0.52% in Open Interest and closed at 383 while the price is up by Rs 320, now cottoncandy is taking support at 60280 and below it Testing of 59790 level can be seen, and resistance is now likely to be seen at 61080, on the upside the price could test 61390.

*Pakistan: Stable trend in cotton market*LAHORE: The local cotton market remained firm on Tuesday with satisfactory trading volume.Cotton analyst Naseem Usman said that the rate of new cotton crop in Sindh is between Rs 17,900 to Rs 18,200 per head. The rate of footi in Sindh is between Rs 7,300 to Rs 8,200 per 40 kg. The rate of cotton in Punjab is between Rs 18,200 to Rs 18,500 per head and the rate of foot is between Rs 7,200 to Rs 8,700 per 40 kg. Cotton rates in Balochistan range from Rs 17,900 to Rs 18,100 per head, while footy rates range from Rs 7,400 to Rs 8,200 per 40 kg.Tando Adam 1600 bales, Shahdad Pur 1800 bales Rs 18,100 to Rs 18,300 per head, Gupchani 200 bales, Sarkand 200 bales Rs 18,000 per head, Khair Pur Tami Wali 200 bales Rs 18,000 per head. 18,450 per head, Harunabad 1600 bales Rs 18,450 to 18,500 per head, Fakir Wali 200 bales Rs 18,100 per head, Lodharan 200 bales Rs 18,500 per head, Layya 600 bales, Yazman Mandi 400 bales 18,1 Rs.00 per head, Vehari 1600 bales of Mian Channu were sold at Rs.18,400 to Rs.18,500 per head and 600 bales of Miyan Channu were sold at Rs.18,450 to Rs.18,650 per head.The spot rate remained unchanged at Rs 17,900 per head. Polyester fiber was available at Rs 350 per kg.

CAI maintains cotton crop estimate of 311.18 lakh bales in FY2023The Cotton Association of India (CAI) on Monday announced that it has retained the cotton crop forecast for the 2022-23 season at 311.18 lakh bales of 170 kg.President Atul S. The association, headed by Ganatra, on Monday released the July estimate of cotton crop for the season 2022-23 beginning October 1, 2022.According to the press release, the crop committee of the association has estimated this in its meeting held on Saturday.Based on key numbers and inputs received from members of all the 11 cotton growing state associations and other trade sources, the committee estimated the cotton crop for the 2022-23 season and prepared the cotton balance sheet.The total cotton supply for the months of October 2022 to July 2023 is estimated at 332.30 lakh bales of 170 kg each. each (equivalent to 348.71 lakh running bales of 162 kg each), including arrivals of 296.80 lakh bales of 170 kg each. Import of 11.50 lakh bales of 170 kg each (equivalent to 311.46 lakh running bales of 162 kg).Further, CAI has projected cotton consumption of 265 lakh bales of 170 kg each for the months of October 2022 to July 2023. each (equivalent to 278.09 lakh running bales of 162 kg each) while the export shipments till 31st July 2023 have been estimated by CAI at 14.00 lakh bales of 170 kg each. each (equivalent to 14.69 lakh running bales of 162 kg. each).It has retained its overall cotton supply forecast for the end of cotton season 2022-23 i.e. 30 September 2023 at the same level as earlier forecast i.e. 350.18 lakh bales of 170 kg. each (equivalent to 367.47 lakh running bales of 162 kg each).CAI has estimated cotton consumption at 311.00 lakh bales of 170 kg each for the current crop year 2022-23. each (equivalent to 326.36 lakh running bales of 162 kg each). Last year's consumption was estimated at 318 lakh bales of 170 kg. each (equivalent to 333.70 lakh running bales of 162 kg each).By July 31, 2023, 265 lakh bales of 170 kg are estimated to be consumed.CAI has retained its production forecast for 2022-23 season at the same level as earlier forecast i.e. 311.18 lakh bales of 170 kg.The committee members will keep a close watch on the cotton pressing numbers and arrivals in the coming months and if any increase or decrease in the production estimate needs to be done, the same will be done in the CAI report.India's cotton import forecast has been retained at 1.5 million bales (170 kg) and cotton exports at 1.6 million bales (170 kg).

Rupee weakens by 10 paise against dollarThis evening, the rupee closed at a level of 82.95 against the dollar with a weakness of 10 paise.Sensex up 79 pointsToday the stock market closed with a boom.Today, where the Sensex closed at a level of 65401.92 points with a gain of about 79.27 points.On the other hand, the Nifty closed at a level of 19434.50 points with a gain of 6.20 points.

The arrival of cotton in Punjab has been recorded 1/3 of that of last year.The arrivals in Punjab have been recorded almost one third as compared to the previous year 2021-22. Cotton arrivals in Punjab have been recorded at 8.7 lakh quintals in the 2022-23 marketing season so far this year, as against 28.89 lakh quintals for the entire 2021-22 season. The USDA's weekly export sales report showed net sales of 277,700 running bales of cotton for 2023/2024, with growth mainly attributed to China.During this kharif season, cotton cultivation in Gujarat has achieved a remarkable feat surpassing the record of the last eight years. Farmers in the state have successfully sown cotton in an area of 26.64 lakh hectares, in sharp contrast to the decline seen in other major cotton growing states. Gujarat, known as India's largest cotton producer, has completed cotton sowing in a total of 26,64,565 hectares (ha) till July 31, according to official data from the state agriculture directorate. USDA data showed that the projected 2023 US crop remained unchanged at 16.5 million bales. However, adjustments were made in other areas as acreage sown decreased, abandonment decreased, and expected yields decreased. In addition, exports were cut by 100,000 bales for the soon-to-end 2022 crop year, and by 250,000 bales for the 2023 crop. In the main spot market, Rajkot, the price closed at Rs 28824, up by 0.11 per cent.Technically the market is under short covering as the market has seen 0% fall in Open Interest and closed at 381 while the price is up by Rs 220 now cottoncandy is taking support at 60120 and below it is 59810 The level can be seen testing, and resistance is now likely to be seen at 60620, on the upside the price could test 60810.

Rupee falls 16 paise to 10-month low of 83.01 against US dollarThe Indian rupee on Monday opened at a 10-month low, depreciating 16 paise against the US dollar on pressure from a stronger American currency amid a rise in US treasury yields. The local currency opened at 83.01 per dollar as compared to its previous close of 82.85.Further fall in the stock market, the Sensex opened with a fall of 396 points.Today started with a fall in the stock market. Today the BSE Sensex opened at a level of 64926.47 points with a fall of 396.18 points. On the other hand, the NSE's Nifty opened at a level of 19302.50 points with a fall of 125.80 points.

Pink bollworm threatens cotton crop in northern IndiaDespite the downpour in Punjab, early rains caused by Cyclone Biperjoy in the upper part of the north helped the growersCotton crop in North India is under threat of Pink Bollworm (PBW) attack and the intensity of pest attack has been observed more this year as compared to last two years.While PBW in cotton during kharif 2022-23 in the north was observed only towards the end of the season, this year the pest has surfaced at the beginning of the season, posing a major threat to farmers, said Bhagirath Chowdhary, director, Jodhpur. -based South Asia Biotechnology Center (SABC).Generally, PBW affects the crop in the middle and late stages leading to reduction in yield and quality. Till 2017-18, India's northern cotton-growing region was free of PBW infestation, but in 2018-19 and the following years, pest attacks were reported from Jind and Bathinda above the Economic Threshold Level (ETL).cut coverageDespite the decline in coverage in Punjab, the area under cotton has increased to 16.17 lakh hectares (LH) from 15.44 lakh hectares in the northern region comprising Punjab, Haryana and Rajasthan. Badly hit by attacks from pests such as whiteflies and pink bollworm in recent years, farmers in Punjab have reduced the area to 1.7 lakh per hour from 2.54 lakh last year.In Haryana, farmers have increased the coverage of cotton to 6.65 lakh hours from 6.45 lakh hours a year ago. This year, early rains caused by Cyclone Biparjoy have helped farmers in Rajasthan increase acreage to 7.82 lakh hectares, up 21 per cent from 6.45 lakh hectares a year ago. As on August 11, the total area under cotton stood at 121.28 lakh hours, marginally lower than 122.53 lakh hours a year ago.According to the ICAR-Central Institute for Cotton Research, in early sown areas like Bhatinda and Faridkot in Punjab, the cotton crop is at flowering and boll formation stage and the incidence of PBW was close to ETL of 5-12 per cent.lowering the key causes damageOutbreaks of white fly and cotton leaf curl virus were observed at some places. In Hisar and Sirsa of Haryana, pink bollworm infestation in flowers and green bolls was observed above ETL level at many places. In other cotton-growing areas, the crop is at the vegetative stage.The SABC through its Project Bandhan has been regularly surveying cotton fields in the north and found that the pink bollworm is more prevalent in green bolls. “It is a matter of great concern that the incidence of pink bollworm has been observed across the Northern Territory this season. We should take necessary steps for the management of pink bollworm at the earliest so that the damage caused by pink bollworm in cotton can be reduced.

Rupee weakens by 14 paise against dollarThis evening, the rupee closed at a level of 82.85 against the dollar with a weakness of 14 paise.Sensex dropped 365 pointsToday the stock market closed with a fall.Today, where the Sensex closed at a level of 65322.65 points with a fall of 365.53 points.On the other hand, the Nifty closed at a level of 19428.30 points with a fall of 114.80 points.

Pakistan: "Increase in spot rate by Rs 100 per head, effect of rising demand"LAHORE: The spot rate committee of the Karachi Cotton Association (KCA) on Thursday hiked the spot rate by Rs 100 per head and closed it at Rs 17,800 per head.He also told that the rate of new crop of cotton in Sindh is between Rs 17,800 to Rs 18,000 per head. The rate of footi in Sindh is between Rs 7,300 to Rs 8,000 per 40 kg.The rate of cotton in Punjab is between Rs 17,900 to Rs 18,400 per head and the rate of cotton is between Rs 7,600 to Rs 9,000 per 40 kg. Cotton rates in Balochistan range from Rs 17,800 to Rs 17,900 per head, while footy rates range from Rs 8,000 to Rs 8,500 per 40 kg.600 bales of Mehrab Pur were sold at Rs.17,800 to Rs.17,900 per head, 200 bales of Chowdagi at Rs.17,950 per head, 800 bales of Sarkand at Rs.17,800 to Rs.17,850 per head, 600 bales of Saleh Pat were sold. 17,750 to Rs 17,800 per head, 2200 bales of Shahdad Pur were sold for Rs 17,900 to 17,950 per head, 1200 bales of Mir Pur Khas, 600 bales of Sarhari were sold for Rs 17,800 per head, 1800 bales of Sanghar were sold. Rs 17,600 to Rs 17,900 per head, 2400 bales of Tando Adam sold for Rs 17,750 to Rs 18,000 per head, 600 bales of Khanewal, 200 bales of Miyan Channu sold for Rs 18,500 per head, 800 bales of Vehari sold for Rs 18,250 to Rs 18,300 per mind , Harunabad 800 bales was sold at Rs.18,100 to Rs.18,300 per head, Fakir Wali 600 bales at Rs.18,100 to Rs.18,200 per head, Haasil Pur 800 bales at Rs.18,200 per head. 17,900 to 18,050 per head, 800 bales of Burewala at Rs.18,050 per head, 1400 bales of Chichavatni at Rs.18,050 to 18,200 per head and 400 bales of winder were sold at Rs.17,700 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 17,800 per head. Polyester fiber was available at Rs 350 per kg.

Rupee falls against dollar, breaks 3 paiseThe rupee opened weak against the dollar today. Today, the rupee opened at a level of Rs 82.74 against the dollar with a weakness of 3 paise. On the other hand, on Thursday, the rupee strengthened by 10 paise to close at Rs 82.71 against the dollar.Stock market declines, Sensex opens 96 points downToday started with a fall in the stock market. Today, the BSE Sensex opened at a level of 65591.85 points with a fall of 96.33 points. On the other hand, NSE's Nifty opened at a level of 19513.40 points with a fall of 29.70 points.