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Cotton Dollar Oil Has Arrived Off Australia StockThis country is also beating China and India in cotton productionCotton production in this country has increased more than 8 times in three years, export is also increasing rapidlyIn the list of leading countries of cotton production, countries like America, India and China have held their position for a long time. But Australia is a country that has grown rapidly in the cotton industry in the last few years. Yes, it is true that Australia's name is still very low in the list of leading countries, but its growth is much higher than these countries. According to a recent report by the USDA (US Department of Agriculture), cotton production in Australia is more than 8 times larger in the 3 years from 2019 to 2022. While cotton production in Australia was 0.63 million bales in the first year 19-20, it increased to 2.8 million bales in 20-21 and has increased to 5.5 million bales in the year 21-22. Whereas cotton production in India has decreased in these three years and in USA and China also production has remained almost constant.boom in exportsAfter cotton production, Australia's cotton export figures are also shocking. If we look at the report of the last three years, cotton exports from Australia increased to 1.36 million bales in 19-20, while in 20-21 it increased to 1.56 million bales and in 21-22 this figure touched a charismatic level and reached 4.4 billion. Reached.Last stock also increasedAccording to the USDA report, Australia has increased its cotton production but its domestic use has not increased. This is the reason why Australia has increased its cotton exports significantly. Australia's closing stock figures have also risen over the past three years. While closing stock was 0.8 million bales in 19-20, it touched 2 million bales in 20-21 while Australia's closing stock increased to 3.07 million bales in 21-22

After a four-day holiday in the stock market, the market opened with a collapse, with a huge decline of 1172.19 points, it closed at the level of 57166.74.                                 Rupee depreciates by 8 paise against dollar at Rs 76.26. Gold shines again, by the time of writing the news on Monday evening, the price has increased by Rs 448 to Rs 53,440. The bullish trend in the cotton physical market continued, on Monday, prices increased by Rs 1000 to 2000 in almost all the mandis. Malaysia Palm Oil price hiked by 178 Ringgint to reach 6860 Ringgint.

Today evening, the rupee depreciated by 8 paise to close at Rs 76.26 against the dollar.Sensex fell by 1172 pointsToday, where the Sensex fell by 1172.19 points, closed at the level of 57166.74 points. On the other hand, Nifty closed at the level of 17173.70 with a fall of 302.00 points.

All India Weather Forecast for April 18, 2022Weather systems made across the countryA Cyclonic Circulation is persisting over North Rajasthan and adjoining areas.at lower levels.A trough is extending from Vidarbha to Marathwada up to North Interior Karnataka.A Cyclonic Circulation is persisting over Southeast Arabian Sea and adjoining Lakshadweep region.A fresh Western Disturbance is expected to reach North India by April 19.Weather movement across the country during the last 24 hoursDuring the last 24 hours, heavy to very heavy rainfall occurred at one or two places over Assam, Meghalaya, Arunachal Pradesh, South Interior Karnataka and South Chhattisgarh.Light to moderate rain occurred over Tamil Nadu, Kerala, Interior Karnataka, South Madhya Maharashtra and rest of Northeast India.Light rain occurred in isolated parts of Lakshadweep, Andaman and Nicobar Islands and Himachal Pradesh.Heat wave conditions prevailed over isolated parts of Northwest Rajasthan and Delhi NCR.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain with isolated heavy falls at isolated places is possible over Assam, Meghalaya, Arunachal Pradesh, South Interior Karnataka, Tamil Nadu and Kerala.Light to moderate rain may occur at isolated places over rest of Northeast India, Sub-Himalayan West Bengal, Sikkim, Telangana, North Interior Karnataka and South Chhattisgarh.Light to moderate rain is possible over Western Himalayas during next 24 to 48 hours.Heat wave conditions are possible over Punjab, Haryana, Delhi, Rajasthan, parts of Jammu division, isolated parts of Himachal Pradesh and Vidarbha. From April 19, severe heat conditions are possible in different parts of these states.

Sensex collapses as soon as it opens, registers a decline of 1065 pointsToday the stock market opened with a heavy fall. Today the BSE Sensex fell by about 1064.80 points and opened at the level of 57274.13 points. On the other hand, the Nifty of NSE opened with a decline of 279.90 points at the level of 17195.80 points.

Rupee depreciates against dollar, opens 20 paise weakerRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 20 paise at Rs 76.37 against the dollar.

Physical cotton market remained stable in North Zone.   Cotton prices continue to rise in the Central Zone, high prices in Gujarat and Madhya Pradesh, stability seen in Maharashtra.   There was no movement in cotton prices in South Zone, market remained stable.   The Malaysian government made it mandatory to sell 20 percent of the planned shipments in the domestic markets for export.    Edible oil prices have increased in India.   Malaysia Palm Oil rose 126 ringgit on Friday, the price reached 6690 ringgit. 

Know how the removal of import duty will affect the textile worldGovernment delays removal of cotton import duty limit in textile segment Textile mill owners, troubled by the unbridled prices of cotton, have been demanding for a long time to free the import duty of cotton. On Wednesday this week, the government ended the wait of these industrialists and till September 2022, the import of cotton was completely duty free. As soon as this decision comes, there is an atmosphere of happiness in the entire textile world, especially among the industrialists. But according to experts, this step of the government is welcome, but the government has delayed it and the textile industry has suffered a lot by paying the duty.Millions of bales of cotton were imported in MarchIn fact, according to the recent report of SIS, in March 2022, total HSN code (52010020) 20941.313 metric tonnes of raw cotton i.e. about 1 lakh 23 thousand 185 bales has been imported all over India and a huge amount has also been paid in import duty on this. Is. According to experts, this much raw cotton will meet a lot of consumption of mills for the coming few months. In such a situation, if imports will be less in the months of April and May, then by removing the import duty limit, the benefit in these two months will be negligible. Yes, mills can get the benefit of this in the months of June, July and August.Decision taken after 4 months Actually, since the beginning of the year 2022, cotton prices have been on fire. In the month of January, where the rate of cotton was Rs 9,050, at present the price of cotton has reached 11 to 12 thousand. Buying cotton at such an expensive price and making yarn and cloth was no less than a challenge for the mills. This was the reason why many mills had decided to work only half days a week. To avoid this problem, the mill owners were continuously demanding the government to remove the import duty of cotton since January. But the government took a decision on this in the second week of April.

On Thursday, there was a slight increase in the physical market of North and Gujarat, while there was no movement in the market of other states.                     · Combar physical market rose by Rs. 1-2.                    Malaysian palm oil futures hit a one-month high on Thursday as Argentina strikes Government exempted customs duty on cotton imports till 30 September. · Today evening MCX Cotton opened with a gain of Rs 770 at 44380.

U.S. EXPORT SALES FOR WEEK ENDING 07/04/2022    Cotton:  Net sales of 59,300 RB for 2021/2022--a marketing-year low--were down 6 percent from the previous week and 76 percent from the prior 4-week average.  Increases primarily for Turkey (27,100 RB), India (24,400 RB, including decreases of 16,100 RB), Indonesia (6,700 RB, including 200 RB switched from Japan), Vietnam (6,200 RB, including 900 RB switched from South Korea), and Peru (6,200 RB), were offset by reductions for China (24,800 RB) and South Korea (1,700 RB).  Net sales of 132,000 RB for 2022/2023 were primarily for Mexico (62,700 RB), Turkey (17,600 RB), Peru (13,200 RB), Guatemala (11,400 RB), and South Korea (7,900 RB).  Exports of 333,800 RB were down 27 percent from the previous week and 14 percent from the prior 4-week average.  The destinations were primarily to China (122,700 RB), Pakistan (43,800 RB), Turkey (37,400 RB), Vietnam (32,700 RB), and Mexico (20,700 RB).  Net sales of Pima totaling 2,100 RB were down 68 percent from the previous week and 71 percent from the prior 4-week average.  Increases were primarily for Pakistan (900 RB), Indonesia (900 RB), and Colombia (200 RB).  Net sales of 4,100 RB for 2022/2023 were reported for India (4,000 RB) and Japan (100 RB).  Exports of 18,100 RB were up 49 percent from the previous week and 92 percent from the prior 4-week average.  The destinations were primarily to India (5,500 RB), Peru (4,400 RB), China (3,600 RB), Honduras (1,700 RB), and Vietnam (700 RB).   Optional Origin Sales:  For 2021/2022, the current outstanding balance of 57,200 RB is for Vietnam (52,800 RB) and Pakistan (4,400 RB).   Exports for Own Account: For 2021/2022, the current exports for own account outstanding balance is 100 RB, all Vietnam.    

Government exempts customs duty on cotton import till September 30In a relief to consumers and the textile industry, the Narendra Modi government on Wednesday has exempted customs duty on cotton till September 30.Currently, it attracts 5 percent basic customs duty and 5 percent agri infra development cess, totalling 11 percent on cotton imports. The industry has been demanding a waiver of duty to lower domestic prices.The Central Board of Indirect Taxes and Customs (CBIC) notified the exemption from customs duty and agriculture infrastructure development cess for the import of cotton."This notification shall come into effect on the 14th April 2022, and will remain in force up to and inclusive of the 30th September 2022," the CBIC said.This exemption shall benefit the textile chain -- yarn , fabric, garments and made ups and provide relief to consumers. Textile exports would also benefit, the ministry said.