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Adilabad cotton farmers suffer due to fall in prices, appeal for government helpCotton farmers are disillusioned after the sharp fall in prices as many stocked cotton at their homes in the hope of getting a good price. Cotton prices have come down to Rs 7,260 from a strong level of Rs 9,000 last November.It is estimated that more than three lakh quintals of cotton is still with the farmers in Adilabad district. He has appealed to the state and central governments to come to his rescue as he had invested heavily in Kharif. Private traders said instead of waiting in desperation, cotton farmers can now sell their produce at a cheaper price.Cotton is cultivated in about four lakh acres in Adilabad district, while it is more than 15 lakh in the erstwhile Adilabad district. Many farmers have stopped bringing their cotton to the market in the last two months in the hope of reaching Rs 10,000 per quintal. However, his hopes have been dashed.Some farmers stored the produce, some farmers sold to private traders from Maharashtra as they came to buy directly from the farmers. A farmer from Talmadugu mandal K. Raju said that he is in trouble for the last five months. 9,000 was offered by private traders in Adilabad when commercial operations started, but the price has come down drastically.He alleged that the prices would increase only when all the farmers sell their cotton to private cotton traders.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/Cotton-taking-pakistan-increase-steps-goverment-factories-sizing

Pakistan is taking steps to increase cotton productionThe government has taken timely positive steps to increase the production of cotton for the next season, which is expected to increase cotton production. The cotton production target for the next season has been kept at 127.7 lakh bales. The NFSR has also called for procurement of 10 lakh bales through TCP to keep the intervention price stable and constitution of Cotton Price Review Committee (CPRC) to monitor it, which is a welcome sign.There were reports of closure of cotton looms, garment factories and sizing factories in the market and this may further deepen the crisis. Due to lack of business, financial crisis is increasing in the market. However, the cotton yarn market is also at a standstill. The spinners have sold a large quantity of yarn on credit. There were almost no imports, resulting in a severe financial crisis and making payments extremely difficult.The situation with PC yarn is also not much different. In this situation, according to the All Pakistan Textile Mills Association (APTMA), doing business is almost impossible. On the other hand, the economic and political situation of the country has already deteriorated. Higher sales tax rates, energy crisis and news of further interest rate hikes will add to the woes.According to the USDA's weekly export and sales report for the year 2022-23, three lakh, ten thousand and two hundred bales were sold. Vietnam topped by purchasing one lakh fifteen thousand three hundred bales. China came second by buying ninety five thousand nine hundred bales. Bangladesh bought 30,000 bales and came in third. Turkey bought 25,100 bales and stood at the fourth position. Pakistan bought 15700 bales and stood at the fifth position.As the government has failed to solve the economic problems including industry issues, it is feared that about seven million workforce of the industry is being affected due to closure of industries or reduction in their productivity. Four million of these affected workers are garment workers. This was disclosed by the Coordinator of Value Added Textile Forum, Mohammad Javed Balwani during a meeting with the representatives of Value Added Sector at PHMA House.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/hi/news-details-hindi/PAKISTAN-COTTON-MARKET-REVIEW-PRICES-WEEKLY-DECLINE

Weekly Cotton Review of Pakistan Cotton MarketCotton prices continued to decline in the last week amid weak trade. There was also a slowdown in the international cotton market. Karachi Cotton Brokers Forum President Naseem Usman has said that the bearish trend in the international cotton market has remained due to the recession.Cotton prices in Sindh province have further declined to Rs 17,000 to Rs 18,500 per head. The rate of footi available in small quantity is Rs 5500 to 8300 per 40 kg. Cotton prices in Punjab range from Rs 17,500 to Rs 18,500 per head while footy costs Rs 6,000 to Rs 8,700 per 40 kg.There is a decrease in the demand and prices of cottonseed, oilseeds and oil. The spot rate committee of the Karachi Cotton Association reduced the spot rate by Rs 300 per head and closed it at Rs 18,700 per head.

Rupee opens 13 paise stronger against dollarToday, the rupee opened at a level of Rs 82.35 against the dollar with a strength of 13 paise. On the other hand, on Friday, the rupee closed at a level of Rs 82.48 against the dollar with a weakness of 22 paise.Sensex gains a bit more, opens up 67 pointsH BSE's Sensex opened at a level of 57594.51 points with a gain of about 67.41 points. On the other hand, NSE's Nifty opened at a level of 16975.00 points with a gain of 30.00 points. Today

recession in pakistan cotton marketLahore: The local cotton market turned bearish on Friday with thin trading volumes. Cotton analyst Naseem Usman told that the price of cotton in Sindh is Rs 17,000 to Rs 19,000 per head.The rate of cotton in Punjab is Rs 18,000 to Rs 19,000 per head. The rate of footi in Sindh ranges from Rs 5,500 to Rs 8,300 per 40 kg. The price of footi in Punjab ranges from Rs 6,000 to Rs 8,500 per 40 kg.The spot rate remained unchanged at Rs 18,700 per head. Polyester fiber was available at Rs 355 per kg.

Rupee strengthened by 39 paise against dollarThe rupee strengthened by 39 paise to close at Rs 82.27 against the dollar this evening.Sensex falls, breaks 289 pointsToday the stock market closed with a fall.Today, where the Sensex closed at a level of 57925.28 points, down by about 289.31 points.On the other hand, the Nifty closed at a level of 17076.90 points with a fall of 75.00 points.

Tamil Nadu cotton farmers have full hope - cotton prices will increase in the coming weekCotton farmers in Ramanathapuram district of Tamil Nadu state are hopeful of getting good prices for their crop in the coming week. Actually, the harvesting of cotton crop is going on at a fast pace in the district. This is the reason why the farmers have once again raised the hope of increasing the prices. At present, cotton is being sold at an average of Rs 65 per kg, while last year in the same season the price had increased up to Rs 103 per kg.Bakkinathan, a farmer from Ramanathapuram said “Last year, the prices were above Rs 100 per kg at the initial stage of harvesting, but it came down to Rs 65 per kg at the end of the season. Now, the price at the initial stage is Rs 65. We Hopefully this will increase in the coming weeks."Being the most widely grown crop in the district after paddy and chilli, cotton was cultivated in about 8,800 hectares this year. Cotton is generally cultivated in two seasons; The first season starts in January-February and lasts till April.Agriculture officials said the area under cotton cultivation has increased this year as the crop fetched higher prices last year. The total crop this year is likely to cross 2 lakh metric tonnes. Currently, farmers are opting for regulated markets to sell their produce. Last year, over 1.4 lakh tonnes of cotton was harvested during the season and sold through regulated markets.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/news-details-hindi/PAKISTAN-MARKET-DECREASED-COTTON-HEAD-KCA-SPOT-RATE

Spot rate in Pakistan cotton market decreased by Rs 300 per headThe spot rate committee of the Karachi Cotton Association (KCA) on Wednesday reduced the spot rate by Rs 300 per head and closed it at Rs 18,700 per head. The local cotton market remained bearish and the trading volume was very low.Cotton analyst Naseem Usman said that the rate of cotton in Sindh is Rs 17,000 to Rs 18,500 per head. The rate of cotton in Punjab is Rs 17,500 to Rs 18,500 per head. The rate of footi in Sindh ranges from Rs 5,500 to Rs 8,300 per 40 kg. The rate of footi in Punjab ranges from Rs 6,000 to Rs 8,500 per 40 kg. 500 bales of Sadiqabad were sold at Rs 18,500 per head.The spot rate committee of the Karachi Cotton Association reduced the spot rate by Rs 300 per head and closed it at Rs 18,700 per head. Polyester fiber was available at Rs 355 per kg.

Lack of quality seeds behind stagnant cotton production Agriculture Report of Pakistan 2023The lack of good quality seed is the main reason for the stagnant yield and declining area under cotton in Pakistan, as the average available cotton seed is around 44 per cent germination.“This means that 44 out of every 100 seeds germinate, all the rest are wasted. The result is that farmers usually apply 16 kg of seed per acre, with uneven germination across the field. Good quality seeds With this, only 8 kg per acre will be required,” said the Status of Pakistan's Agriculture Report 2023, released on Thursday by the Pakistan Business Council.The report noted that Pakistan's cotton production has declined by an average of 10 to 12 million bales per year over the past two decades, but has declined sharply in the past few years. “China and Australia are the major cotton producing countries which cultivate irrigated cotton like Pakistan. Their average productivity per acre has been increasing over the years (except in drought years), while Pakistan's yield has remained stable at around 1 bale per acre, with a decline in recent years.The report noted that yield gains in China and Australia were mainly due to improved agricultural techniques, seedling transplantation, better crop management strategies to combat disease, more appropriate irrigation, stronger fertilizer application and improved seeds following the adoption of genetically modified seeds. Due to the adoption of In the last 20 years, India's cotton production has more than doubled. In the first few years of the 21st century, India's cotton production ranged between 14 and 16 million bales, while Pakistan's cotton production ranged between 11 and 14 million bales. This was the time when Bt cotton was introduced in Pakistan, but without a strong seed industry.In the following decade, Pakistan's cotton production remained stable within this range, with India's cotton production reaching around 40 million bales in early 2013. “Poor quality seed means low germination level, higher seed cost per acre and more labor cost. This means less yield which means less earning. It also means higher susceptibility of the crop to climate effects, and disease and pest attacks, inability to compete against weeds, and nutrient loss,” the report said.Furthermore, Bt cotton was brought to Pakistan through unregulated channels without any formal leadership, which is why, although most of Pakistan's cotton contains transgenic technology, its effectiveness remains questionable.👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/news-details-hindi/INDIAN-COTTON-MARCH-HIGH-ARRIVALS-TRADERS-MARKETS-GINNED-MCX

Indian cotton arrivals at three-year high in MarchCotton arrivals in India have started rising to a three-year high in March. Traders and industry leaders said natural fiber prices are likely to stabilize between Rs 60,000 and Rs 62,000 per candy (356 kg) in view of good quality of arrivals. Prabhu Dhamodharan, convener of the Indian Texpreneurs Federation (ITF), said, "We are seeing a steady increase in arrivals in all markets."Rising arrivals have left the market confused about the exact production of cotton this season (October 2022-September 2023). Cotton arrivals between March 1 and March 18 are at a three-year high of 2.43 lakh tonnes, according to data from Agmarknet, a unit of the agriculture ministry. Ramanuja Das Bubb, sourcing agent for multinational companies from Karnataka said “The arrivals are good and their quality is excellent. We are facing a peculiar situation this season as farmers have withdrawn their produce and are now ready to sell Are".Sanjay Gupta, MD & CEO, NCML said, “The arrivals have shown improvement in the last 15 days. However, all India arrivals (Oct-Mar'20) are 30 per cent lower than last season due to holding of stocks by farmers”. Anand Popat, a trader from Rajkot said, “The arrivals have increased as the prices have stabilized in the region of ₹60,000 per candy. But for rains, the arrival is between 1.6 lakh bales (170 kg each) and 1.8 lakh bales,” in cotton, yarn and cotton waste.Arrivals pick up Agmarknet data showed cotton arrivals rose to 77,498 tonnes last week from 49,573 tonnes a year ago and 30,334 tonnes in 2022. Last week, the Cotton Association of India (CAI) reduced the estimated cotton crop for the current season to 313 lakh bales from last season's 307.05 lakh bales. In its second advance estimate, the Center reduced its crop forecast to 337.23 lakh bales (311.18 lakh bales in the previous season) and the USDA estimated it at 313.76 lakh bales.Currently ginned (processed) cotton prices of Shankar-6 grade, the benchmark for exports, are ruling at ₹61,750 per candy in Gujarat. Cotton (raw cotton) is at Rs 7,900 per quintal as against the minimum support price of Rs 6,080 per quintal. In the global market, cotton futures for delivery in May on the Intercontinental Exchange (ICE), New York, was trading at 77.90 US cents per pound (₹50,900 per candy). Cotton for delivery in April closed at Rs 61,160 per candy on MCX.“In the last few weeks, cotton prices have stabilised. We expect this to continue till at least April 10,” said Das Bub. “Demand has stagnated due to global macroeconomic factors such as rising interest rates, volatile financial environment and recession fears. Cotton prices are trading lower in the range of 60,000-62,000," said Sanjay Gupta.“Spinning mills have started building up inventory, though prices have stabilized gradually, but low demand for yarn is almost affecting their procurement.” “Mills are still not convinced about higher inventories due to muted global demand signals for textile and apparel products. Dhamodharan said, we are only seeing pockets of recovery from some countries due to lack of their reserves.Sanjay Gupta said that ginners are facing the problem of disparity due to reduction in the prices of seed and oil cake. “Yarn sales are not promising, but demand for better quality yarn is allowing mills to run at good capacity. The arrivals are expected to increase in the coming weeks as there will be additional pressure on prices as farmers liquidate some part of their stocks. Most of the markets and buyers are still cautious about buying. ITF convenor said that the trend of increase in sugar demand is also not going as expected.As per production forecasts, 13 million bales may hit the market in the next 4-5 months. ITF's Dhamodharan said the current cotton season is expected to be quite long and "signs of weak demand may continue to keep a check on cotton prices".👇🏻👇🏻👇🏻👇🏻https://smartinfoindia.com/news-details-hindi/PAKISTAN-SLOW-TRADING-COTTON-MARKET-BEARISH-PUNJAB

Pakistan Cotton Market Witnesses Slow Trading ActivityThe local cotton market in Pakistan remained bearish on Monday, with thin trading volumes reported across major trading centers. According to cotton analyst Naseem Usman, cotton prices in Sindh ranged between Rs 17,000 and Rs 19,000 per head, while in Punjab the rates were slightly higher at Rs 18,000 to Rs 19,000 per head.In Sindh, footi prices were recorded between Rs 5,500 and Rs 8,000 per 40 kg, whereas in Punjab the rate stood higher at Rs 6,500 to Rs 8,500 per 40 kg.Despite the sluggish market trend, some trading activity was observed in specific regions. Around 200 bales from Mirpur Mathelo were sold at Rs 19,000 per head, 400 bales from Ghotki at Rs 18,800 per head, and 419 bales from Sadiqabad at Rs 18,700 per head.The spot rate remained stable at Rs 19,000 per head, indicating no major movement in overall pricing. Meanwhile, polyester fiber was available in the market at Rs 355 per kg.Overall, the cotton market continued to show slow demand and limited trading activity, keeping prices largely stable but under pressure.