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*PAKISTAN COTTON MARKET UPDATE**Rising trend persists on cotton market**The Spot Rate Committee of the Karachi Cotton Association (KCA) on Thursday increased the spot rate by Rs 100 per maund and closed it at Rs 16100 per maund. The Spot Rate Committee of the Karachi Cotton Association on Thursday increased the spot rate by Rs 100 per maund and closed it at Rs 16100 per maund. The polyester fiber was available at Rs 247 per kg.**The local cotton market remained stable but trading volume failed to pick up owing to high rates. Cotton Analyst Naseem Usman told that the rate of cotton in Sindh remained between Rs 13000 to Rs 16,800 per maund and the rate of cotton in Punjab was registered at Rs 14,300 to Rs 16,700 per maund.**The rate of the new crop of Phutti in Sindh was remained between Rs 4500 to Rs 7,200 per 40 kg. While Phutti prices in Punjab were between Rs 5,800 to Rs 8,000 per 40 kg.**Similarly, prices of cotton in Balochistan were remained at Rs 13,800 to 16,400 per maund while Phutti prices were high as compared to other two provinces which were Rs 6,200 to 8,000 per maund, said Naseem Usman.**The rate of Banola in Sindh was in between Rs 1350 to Rs 2,000 per maund. While in Punjab rates of Banola were in between Rs 1650 to Rs 2,200 per maund.**800 bales of Rahim Yar Khan, 400 bales of Rajan Pur were sold at Rs 16700 per maund, 200 bales of Fort Abbas were sold at Rs 16000 per maund, 200 bales of Marrot were sold at Rs 15900 per maund, 600 bales of Haroonabad were sold in between Rs 15700 to Rs 16000 per maund and 200 bales of Bahwalpur were sold at Rs 15500 per maund.* *SiS Commited to update you on all textile related news real time.**Regards**Team Sis**Any query plz call 9111977771*Smartinfoindia.com*https://wa.me/919111977775*

All India Weather Forecast for November 12, 2021Weather systems made across the countryThe pressure over South-West Bay of Bengal is moving in a west-northwest direction with a speed of 21 kmph. Today on 11th November at 5:30, it was about 12 degree north and longitude 81.4 East, 170 km east south east of Chennai and 170 km east of Puducherry. It may cross North Tamil Nadu coast near Chennai by 11th November evening.Another low pressure area is expected to develop over South Andaman Sea around November 13. In the subsequent 48 hours, it will move west-northwestwards towards Andhra Pradesh and Tamil Nadu.Weather movement across the country during the last 24 hoursDuring the last 24 hours, moderate to heavy rains occurred over North Coastal areas of Tamil Nadu and adjoining parts of South Coastal Andhra Pradesh.Light to moderate rain with isolated heavy rains occurred over Andaman and Nicobar Islands and parts of Kerala.Light to moderate rain occurred at isolated places over Coastal Andhra Pradesh, remaining parts of South Interior Karnataka and Coastal Odisha.Light rain occurred in Rayalaseema and Lakshadweep.Weather activity likely during next 24 hoursDuring the next 24 hours, moderate to heavy rains are likely over North Coastal Tamil Nadu and adjoining parts of Coastal Andhra Pradesh.Light to moderate rain may occur at one or two places over Interior Tamil Nadu, Rayalaseema, South Interior Karnataka, parts of Kerala and Andaman and Nicobar Islands.Light rain with one or two moderate rains may occur over Coastal Odisha, South Telangana, Lakshadweep and Coastal Karnataka.During the next 48 hours, moderate to strong winds are very likely to occur over Andhra and Tamil Nadu coast. The wind speed can range from 45 to 55 kmph to 65 kmph. The sea condition may also remain rough.

Rupee depreciates against dollar, loses 13 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 13 paise at Rs 74.51 against the dollar. At the same time, on Wednesday, the rupee closed at Rs 74.38 with a loss of 35 paise against the dollar.

Sensex and Nifty both rumble, know today's fallToday the stock market opened with a fall. Today the BSE Sensex fell by about 211.02 points and opened at the level of 60141.80 points. On the other hand, the Nifty of NSE opened with a fall of 62.90 points at the level of 17954.30 points.

*Punjab Approves Policy For Giving Relief To Cotton Picking Farm Labourers**With this decision, 10 per cent of the total compensation would be provided to the farm labourers affected by the pest attack on cotton crop, according to a government statement**Chandigarh:* *The Punjab Cabinet on Wednesday approved a policy formulated for extending relief to cotton picking farm labourers affected by the damage caused to the crop by the pink bollworm pest attack.**With this decision, 10 per cent of the total compensation would be provided to the farm labourers affected by the pest attack on cotton crop, according to a government statement.**Pink bollworm attack had caused extensive damage to cotton crop in Mansa, Sangrur, Bathinda, Sri Muktsar Sahib and Barnala districts.**The Punjab government last month announced releasing a sum of over ₹ 416 crore to compensate cotton growers for their crop loss due to pink bollworm pest attack.**Of this amount, 10 per cent would be given to the cotton picking workers as relief.**On the issue of post-matric scholarship for scheduled caste students, the cabinet* *deliberated upon the hardships faced by the SC students who are beneficiaries of the scheme.**It was highlighted that the Centre had stopped giving its share of 60 per cent under this scheme from 2016, it said.**Resultantly, the Cabinet decided that the state government would bear its liability of 40 per cent amounting to ₹ 433.96 crore, which would be released in two installments during the financial years 2021-22 and 2022-23.**The cabinet meeting was chaired by Chief Minister Charanjit Singh Channi.*

*PAKISTAN COTTON MARKET UPDATE**High rates keep away buyers on cotton market**The local cotton market remained stable on Wednesday and trading volume remained low.**The Spot Rate remained unchanged at Rs 16000 per maund. The polyester fiber was available at Rs 247 per kg.**Cotton Analyst Naseem Usman told that the rate of cotton in Sindh remained between Rs 13000 to Rs 16,800 per maund and the rate of cotton in Punjab was registered at Rs 14,300 to Rs 16,700 per maund.**The rate of the new crop of Phutti in Sindh was remained between Rs 4500 to Rs 7,200 per 40 kg. While Phutti prices in Punjab were between Rs 5,800 to Rs 8,000 per 40 kg.**Similarly, prices of cotton in Balochistan were remained at Rs 13,800 to 16,400 per maund while Phutti prices were high as compared to other two provinces which were Rs 6,200 to 8,000 per maund, said Naseem Usman.**The rate of Banola in Sindh was in between Rs 1350 to Rs 2,000 per maund. While in Punjab rates of Banola were in between Rs 1650 to Rs 2,200 per maund.**200 bales of Chichawatni were sold at Rs 16500 per maund, 400 bales of Fort Abbas were sold at Rs 16200 per maund, 200 bales of Shujabad were sold at Rs 16000 per maund, 1800 bales of Mian Wali were sold at Rs 15800 to Rs 16500 per maund, 200 bales of Haroonabad were sold at Rs 15700 per maund and 200 bales of Hasil Pur were sold at Rs 15500 per maund.**According to reports, China will start a new round of sales from its cotton reserves on Wednesday, with a total 600,000 tonnes of imported and domestic cotton to be sold off in daily auctions, according to an official notice.**It is the second batch of cotton to be released from reserves this year and is designed to better meet demand for the fibre from spinning companies, said the China Cotton Reserves Management Company in a notice published late on Tuesday.*

*All India Weather Forecast for November 11, 2021**Weather systems made across the country*The Low Pressure Area is over Southeast and adjoining South West Bay of Bengal. The associated cyclonic circulation extends up to 5.8 km above mean sea level. It may concentrate into a depression by this evening and move towards North Tamil Nadu coast.The trough is extending from the Cyclonic Circulation to the Gulf of Mannar.A new Low Pressure Area will form over South Andaman Sea and adjoining region around November 13 and it will gradually intensify further in a West-Northwest direction.*Weather movement across the country during the last 24 hours*During the last 24 hours, the coastal areas of Tamil Nadu have received moderate to heavy rains.Light to moderate rain occurred over Interior Tamil Nadu, South Coastal Andhra Pradesh and Andaman and Nicobar Islands.Light rain occurred in parts of Kerala, South Interior Karnataka and Lakshadweep.Air pollution in the Gangetic plains of India along with Delhi-NCR remains in the very poor category.*Weather activity likely during next 24 hours*During the next 24 hours, heavy to very heavy rains are possible over Tamil Nadu Coast and adjoining South Coastal Andhra Pradesh.Light to moderate rain may occur at isolated places over Interior Tamil Nadu, South Interior Karnataka and Rayalaseema.Light to moderate rain is possible over Kerala, Coastal Karnataka and Andaman & Nicobar Islands.Light rain may occur over Telangana, North Interior Karnataka and Lakshadweep.

China start new round of cotton sales to boost supplyChina will start a new round of sales from its cotton reserves on Wednesday (Nov 10), with a total 600,000 tonnes of imported and domestic cotton to be sold off in daily auctions, according to an official notice.It is the second batch of cotton to be released from reserves this year and is designed to better meet demand for the fibre from spinning companies, said the China Cotton Reserves Management Company in a notice published late on Tuesday by industry website Cncotton.com.Cotton prices in China are at more than three-year highs, bolstered by strong demand from both the domestic textile sector and export markets over the last year, and high global prices.However, demand has recently weakened while prices sought by growers in the main producing region Xinjiang for the recently harvested crop were very high, and unacceptable to spinning firms, said analysts at Cofco Futures in a report last month."There will be strong bidding, especially for the import lots," a Beijing-based cotton dealer commented on the upcoming auctions.The imported cotton, mostly from the United States and Brazil, is better quality and newer than much of the domestic cotton on offer, he said.Cotton futures traded on the Zhengzhou Commodity Exchange moved little on Wednesday, hovering around 21,560 yuan (US$3,369.80) per tonne, their highest since May 2018.

Rupee depreciates against dollar, opens 4 paise weakerRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 4 paise at Rs 74.07 against the dollar. At the same time, on Tuesday, the rupee closed at a level of Rs 74.03 with a loss of 1 paise against the dollar.Bad start in Sensex, 138 points open lowerToday the stock market opened with a fall. Today the BSE Sensex fell by about 138.19 points and opened at the level of 60295.26 points.

*PAKISTAN COTTON MARKET UPDATE**Official spot rate hits all-time high**The rate of Prime Mark Cotton of Sindh reached at Rs 17000 per maund highest in the history of the country.* *The Spot Rate Committee of the Karachi Cotton Association on Tuesday increased the spot rate by Rs 100 per maund and closed it at Rs 16000 per maund.**The Spot Rate Committee of the Karachi Cotton Association increased the spot rate by Rs 100 per maund and closed it at Rs 16000 per maund. The polyester fiber was available at Rs 247 per kg.**Cotton Analyst Naseem Usman told that the local cotton market remained bullish and trading volume remained satisfactory.**The rate of cotton in Sindh remained between Rs 12500 to Rs 16,500 per maund and the rate of cotton in Punjab was registered at Rs 14,200 to Rs 16,500 per maund.* *The rate of the new crop of Phutti in Sindh was remained between Rs 5000 to Rs 7,000 per 40 kg. While Phutti prices in Punjab were between Rs 5,800 to Rs 7,300 per 40 kg.**Similarly, prices of cotton in Balochistan were remained at Rs 13,800 to 16,200 per maund while Phutti prices were high as compared to other two provinces which were Rs 6,200 to 79,00 per maund, said Naseem Usman.**The rate of Banola in Sindh was in between Rs 1350 to Rs 2,000 per maund. While in Punjab rates of Banola were in between Rs 1650 to Rs 2,100 per maund. 1800 bales of Khair Pur were sold at Rs 15200 to Rs 15500 per maund, 2000 bales of Khan Pur were sold at Rs 16100 to Rs 16500 per maund, 400 bales of Kot Sabzal, 400 bales of Lodhran, 1600 bales of Sadiqabad, 200 bales of Chichawatni were sold at Rs 16500 per maund, 400 bales of Gilawala were sold at Rs 16200 per maund, 800 bales of Faqeer Wali were sold at Rs 15500 to Rs 16000 per maund, 200 bales of Mian Wali were sold at Rs 15850 per maund, 1600 bales of Fort Abbas were sold at Rs 15600 to Rs 15700 per maund, 800 bales of Hasil Pur were sold at Rs 14700 to Rs 15500 per maund, 800 bales of Hasil Pur were sold at Rs 14700 to Rs 15500 per maund, 1400 bales of Haroonabad were sold at Rs 15000 to Rs 15200 per maund, 2200 bales of Rahim Yar Khan were sold at Rs 16000 to Rs 16500 per maund,*

*China to implement second batch of state cotton reserves sales in 2021/22**The China National Cotton Reserve Company announced on Nov 9 that the first batch of state cotton reserves sales has ended, and to meet the cotton enterprises’ demand, it will organize the second batch of state reserves sales in 2021/22 season from Nov 10, 2021. The volumes offered for sales total 600kt this time, and the daily volumes will adjust according to market situation.**The base selling price of reserved upcountry cotton this week=the average price of prior week's international cotton price.**Other reserved cotton price calculation method remained unchanged.* *Formula:* *Base selling price (cotton type* *3128B)=average price of prior week's domestic cotton prices*50%+average price of prior week's international cotton price*50%*. 1. *Domestic cotton price=(China Cotton Index+CNcotton)/2;*2. *International cotton price=Cotlook A Index (converted to USD per ton)*exchange rate*(1+1%import duty)*(1+9%VAT)*3. *The exchange rate is the benchmark exchange rate of the foreign currency against the RMB announced by the People's Bank of China, based on the customs taxation method and the third Wednesday of the previous month (if it is on public holiday, the fourth Wednesday is postponed).*