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Today evening, the rupee closed at Rs 78.07 with a weakness of 9 paise against the dollar.Sensex rises, closes 934 points higher.Today the stock market closed sharply.Today, where the Sensex closed at the level of 52532.07 points with a gain of 934.23 points.On the other hand, Nifty closed at 15638.80 with a gain of 288.60 points.

Due to weak demand, pressure on cotton prices in the global marketThe slowdown in the economy coupled with the fall in demand is putting pressure on cotton prices in the global market. The demand for yarn from spinning mills is negligible in the market. Due to this they are losing Rs 30 to 40 per kg in the sale of yarn. Prabhu Dhamodharan, convener of the Indian Texpreneurs Federation, said high levels of inventories along with global retail sales in a sluggish demand environment have slowed down the pace of garment manufacturing.The US FSCRIR agency believes that global cotton prices are peaking. The risk is high and the economy is slow, so demand has started weakening. Whereas the situation is expected to improve in the next season due to good harvest and better weather.The second-month futures market at ICE New York rose from 111 US cents a pound at the start of the year to 5 cents on May 4. The figure of May 4 is the highest since 2011 when the prices reached 203. Currently cent prices are around 125 cents. According to Fitch Solutions, weakness is expected in the coming months due to the crop season beginning in August in India, US, China, Pakistan and Brazil. Cotton futures on ICE for delivery in July are currently at 143.45 cents 87,700 per candy, while cotton is available at 134.14 cents, or 82,000. The October and December futures are at 125.14 and 114.29 cents.On the Zhengzhou Commodity Exchange, cotton for July delivery stood at 1,510 yuan per tonne, or 83,125 per candy, while September futures were at 19,555 and 19,285 yuan in November, respectively. In contrast, the benchmark Indian Shankar 6 cotton price for export is around 95 thousand. On the Multi-Commodity Exchange, the July contract price is 46330 per bale of 170 kg. According to the traders, neither the buyer nor the seller is present at these prices. Generally Chinese cotton prices are higher than Indian rates. But at present the situation is opposite. We expect demand to ease in the coming 3 to 4 months and this will bring down prices.The good news is that the prices of cotton have increased the confidence of the farmers, as a result of which the area under cultivation has increased this time. This is expected to bring down cotton prices to normal levels in the coming season.Last year, the cotton crop in India was severely damaged due to unseasonal rains between October-November. The Cotton Association of India has reduced its arrival figures from 360.13 lakh bales in October to 315.32 lakh bales due to rains.Cotton prices hit an 11-year high this year, but trade in the garment industry has suffered due to a surge in energy prices due to the Russo-Ukraine war.

Sensex rises further, opens up 406 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 405.99 points to open at the level of 52003.83 points. On the other hand, the Nifty of NSE opened with a gain of 117.30 points at the level of 15467.50 points.

All India Weather Forecast for June 21, 2022Weather systems made across the country*A Western Disturbance is over Jammu and Kashmir and Ladakh region.A Cyclonic Circulation is persisting over North Rajasthan, Punjab and Haryana.An East-West Trough is extending up to Rajasthan, Delhi, Uttar Pradesh, Bihar, North West Bengal and Assam.A cyclonic circulation lies over Southwest Bay of Bengal, off Tamil Nadu coast.A North-South Trough is extending over the Arabian Sea off Konkan, Goa and Coastal Karnataka.Weather movement across the country during the last 24 hoursAssam and Meghalaya have received very heavy rains during the last 24 hours. Rest of Northeast India, Sikkim received heavy rainfall.Light to moderate rain was observed over Gangetic West Bengal, Rayalaseema, North Coastal Tamil Nadu, South Gujarat, North Konkan and parts of Goa, Chhattisgarh, Madhya Pradesh and Southeast Rajasthan.Light to moderate rain occurred over Bihar, Odisha, Jharkhand, rest of Konkan and Goa, Lakshadweep, Telangana and Vidarbha, North Madhya Maharashtra, Uttarakhand and Delhi NCR.Isolated light rain was observed over rest of Karnataka, Coastal Andhra Pradesh, parts of Uttar Pradesh and isolated parts of Andaman and Nicobar Islands and western parts of Rajasthan.Weather activity likely during next 24 hoursSouthwest Monsoon is very likely to advance into more parts of East Madhya Pradesh, entire Chhattisgarh, Odisha, West Bengal, Jharkhand and Bihar very soon.During the next 24 hours, light to moderate rain is possible over parts of Mumbai, South Gujarat, East Rajasthan including West Assam, Sikkim, Sub Himalayan West Bengal, parts of Kerala, Coastal Karnataka, Konkan and Goa. South Odisha, Chhattisgarh and isolated parts of Madhya Pradesh.Rest of Northeast India, Tamil Nadu, parts of Lakshadweep, rest of Chhattisgarh, Interior Odisha, rest of Madhya Pradesh, North-West and East Rajasthan, Punjab, Haryana, Delhi, Western Uttar Pradesh, Uttarakhand, Jammu and Kashmir, Telangana Light to moderate rain is possible over parts of , Interior Karnataka, Andaman and Nicobar Islands.

White gold will shine in 90 percent of the fields of Chhindwara and SaunsarThe farmers of Chhindwara and Saunsar have made up their mind to sow cotton in 60 to 90 percent of the fields this year. Yes, in fact last year the price of cotton in the state reached 10 to 11 thousand rupees. A total of 51 thousand hectares are cultivated in Chhindwara. Apart from cotton, different types of crops like groundnut, soybean are sown here, but this year the area under cotton is going to be the highest in the last three years.According to the data released by the Agriculture Department, in the year 2019-20, cotton was sown in 15 thousand hectares in the area, last year it was sown in 18 thousand hectares while this year cotton is likely to be sown on more than 20 thousand hectares. is being expressed. Talking about the percentage of the field, farmers are willing to sow cotton in 90 percent of the fields. This will affect other crops like groundnut and soybean. Last year groundnut was sown on 4739 hectares in Chhindwara, while this time the area under groundnut has come down to 4300 hectares.According to the report of the department, there is a possibility of sowing cotton on 40 thousand hectares of land in Saunsar this year, whereas last year cotton crop was done on 33 thousand hectares of land in this area.

Rupee strengthened by 9 paise to close at Rs 77.98 against dollar today evening.Sensex rises, closes up by 237 points.Today the stock market closed sharply.Today, where the Sensex closed at the level of 51597.84 points with a gain of 237.42 points.On the other hand, the Nifty closed at the level of 15350.20 with a fall of 56.70 points.

Effect of increase in raw material prices, 10 percent reduction in India's apparel exportsThe rise in cotton and yarn prices in the current financial year has had an impact on textile and apparel exports from India. Textile and apparel exports have come down by 10 per cent over the previous year due to rising raw material prices. It is to be known that in the year 2021-22, there was a growth of 41 percent in the textile and apparel export trade from India.Looking at the recent report by Wazir Textiles, last year where all the top companies like Welspun, Vardhman, Arvind, Tident, KPR Mills, Indo Count, RSWM, Filatex, Nahar SPG and Indorama saw growth in sales. Whereas in the first two months of the current financial year, there has been a decline in sales.A major reason for the increase in exports in the year 2021-22 is the lack of demand in the US and Europe, the adoption of China plus one policy adopted by various countries. Last year, the pandemic did not even affect factories and unlisted companies also performed well. AEPC Chairman Narendra Goenka said that raw material prices are very high this year. This is the reason why there has been a steady decline in demand.Looking at the last year sales of major textile companies, Welspun saw a growth of 13 percent, Arvind 65 percent, Vardhman 60 percent and Trident 54 percent in the year 2021-22 as compared to the year 2020-21. The largest contributor to this increase was given by the United States. Which contributed to 27 percent of India's textile and apparel exports. This was followed by the European Union contributing 18 percent, Bangladesh 12 percent and the UAE 6 percent.With the rise in raw material prices this year, the possibility of a crisis in the near future is clear. According to experts, only those who have stock of cotton or yarn in old rates will be able to earn profit in the present time. The AEPCS has blamed the Ukraine crisis for this decline in export demand. According to him, demand in the US and Europe has slowed this year due to the Ukraine crisis as energy prices have risen.

Good news for cottonseed oil mills, license will be available easilyThe Haryana government has made a relief announcement for the mills making oil from cotton seeds. From now on, cottonseed oil operators will be able to get crushing license by paying one time tax. Traders can get a license by paying a tax of Rs 42 thousand per unit spiller. Haryana Chief Minister recently gave this information in a business meeting. He said that at present, it is mandatory for the cotton unit to be brought from outside for crushing to fill the L-1 form. Which will not have to be filled after this decision. The trader running the crushing unit is very excited by this news.Cottonseed oil being sold more expensive than palm and mustard Right now this decision has been taken for 3 years. After that it will be reviewed again. Presently Haryana has 453 Crushing Units and 1520 Spiller Units. After this announcement, the Haryana government will get a revenue of Rs 42 thousand per spiller as processing fee. At present, Gujarat has the highest production and consumption of cottonseed oil in the country. Apart from this, it is also available in good quantity in Haryana, Punjab and MP. At present, cottonseed oil prices are higher than palm and mustard oil due to higher cotton prices. At present 10 kg cottonseed oil is being sold for Rs 1580 to Rs 1600.it will benefitBusiness will increase in the state.There will be an increase in the revenue of the government.Getting a license would be easy.

Confusing statistics of cotton sowingMinistry of Agriculture and Farms Welfare released All India Cotton Sowing ReportThere are confusions in the world of cotton that it is not taking the name of ending. Industry people were already worried about the rising prices of cotton. After that, the association increased the confusion many times by continuously altering the figures of Cotton Aravil. Now, just as the situation was beginning to become clear, the recently released Cotton Sowing Report of the Ministry of Agriculture and Farms Welfare has again brought a twist in the story. Yes, according to this report, so far this season cotton sleeping is 5.96 percent less than last year. Whereas in almost all cotton sleeping states, the sleeping area is being said to increase this year. So once again the situation is in contradiction.In fact, according to this report, till June 17, 2022, the total cotton seeding in India has been 19.57 lakh hectares. Whereas till the same time last year, cotton was sown in 20.265 lakh hectares. Sowing less of 1.208 lakh hectares has been recorded in a year. If we look at this report by Zone Vice, then the scenario of South Zone is positive. So far, sleeping has been done in 2.098 lakh hectare, which is 152.16 percent more than last year. In the South Zone, there has been a tremendous increase in the sleeping area in Andhra Pradesh, Telangana and Karnataka. But the overall India report is negative.There is a decrease in the sleeping area in both the North Zone and Central Zone as compared to last year. In the North Zone, this year the total sleeping has been done in 13.458 lakh hectares, whereas last year the figure of sleeping here was 13.942. In the Central Zone too, the sleeping area has decreased by 37.51 so far this year. The reduction in sleeping figures is astonishing, as everyone was expecting the sleeping area to increase. According to experts, the increase in sleeping area is certain, at present, the figures of decrease are because most of the states have not received rain, due to which farmers have not even done sleeping.

Rupee closed at 78.07 against dollar today evening without any movement.Sensex fell further, closed after breaking 135 points.Today the stock market closed with a fall.Today, where the Sensex closed at the level of 51360.42 points, down 135.37 points.On the other hand, Nifty closed at 15293.50 points down by 67.10 points.

Rupee opens 2 paise stronger against dollarRupee opened with strength today against the dollar in the foreign exchange market. Today the rupee opened with a strength of 2 paise at Rs 78.05 against the dollar. At the same time, on Thursday, the rupee closed at a level of Rs 78.07 against the dollar without any movement.The fall in the Sensex increased further, falling 328 points to openToday the stock market opened with a fall. Today the BSE Sensex fell by about 327.70 points and opened at the level of 51168.09 points. On the other hand, the Nifty of NSE opened with a decline of 96.80 points at the level of 15263.80 points.