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Cotton turns white gold as demand ups rates to nearly Rs 12,000Cotton farmers in Yavatmal are overjoyed due to the ever-growing escalation in the price which is really white gold for those who cultivated the crop this year. The current market price of cotton per quintal touched Rs 11,800 on Saturday which is historic. It is for the first time that cotton has been sold at such a high price.In the past, the price was below Rs 7,000 per quintal. The price of cotton in December last year was Rs 6,000. However, due to the global demand , the price started moving upward.Major cotton-producing countries like China and USA experienced less production after which the textile industries started buying cotton from India. The price of cotton has increased by Rs1,500 per quintal in the last fortnight.Now, private traders have started knocking at the farmers’ doors in search of cotton and according to sources, they are offering Rs 11,000 per quintal on the spot.The price will further go upward and those who stored cotton would definitely gain. Even cotton bales are getting a good price (Rs 90,000, earlier Rs 70,000).Cotton seeds are now sold at Rs 4,800, the earlier price was Rs 4,200 per quintal. “It’s an unprecedented rate and those who have cotton at their disposal are going to get the rewards,” said farmer Avinash Deshmukh.According to Deshmukh, needy farmers take loans from private money lenders for which they mortgage the cotton crop. Insurance companies are also set to gain as cotton growers won’t claim losses. Experts are expecting the price to go up to between Rs 13,000-15,000 per quintal this year.

Rupee opens 19 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 19 paise at Rs 75.97 against the dollar. At the same time, on Monday, the rupee closed at Rs 76.16 with a strength of 4 paise against the dollar.

Sensex rises further, opens up 234 pointsToday the stock market opened with great momentum. Today, the BSE Sensex opened with a gain of 233.96 points at the level of 57827.45 points. On the other hand, the Nifty of NSE opened with a gain of 66.80 points at the level of 17288.80 points.

All India Weather Forecast for March 29, 2022Weather systems made across the countryA trough is extending from Chhattisgarh to Interior Tamil Nadu across Telangana and Interior Karnataka.Weather movement across the country during the last 24 hoursDuring the last 24 hours, Kerala received light to moderate rain with isolated heavy falls at one or two places.Light to moderate rain occurred over Northeast India and Sub-Himalayan West Bengal.Light rain was observed over parts of North Interior Karnataka and Telangana.From heat wave to severe heat wave was seen in western Rajasthan.Heat wave conditions are prevailing in parts of Jammu division of Himachal Pradesh, Gujarat and West Madhya Pradesh.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain with isolated heavy falls very likely over Kerala and Lakshadweep.Light to moderate rain is possible over Northeast India and Sub-Himalayan West Bengal.Heat wave to severe heat wave conditions are possible over South and West West Rajasthan.Heat wave conditions are likely over parts of Jammu division of Himachal Pradesh, Gujarat and West Madhya Pradesh.

Today evening the rupee strengthened by 4 paise to close at Rs 76.16 against the dollar.Sensex returns, closes up by 231 pointsToday the stock market closed sharply. Today, where the Sensex closed at the level of 57593.49 points with a gain of 231.29 points. On the other hand, Nifty closed at the level of 17222.00 points with a gain of 69.00 points.

Rupee collapses against dollar, opens weak by 17 paiseRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 17 paise at Rs 76.37 against the dollar. At the same time, the rupee on Friday closed at Rs 76.20 with a gain of 17 paise against the dollar.

Sensex collapses as soon as it opens, registers a fall of 124 pointsToday the stock market opened with a fall. Today the BSE Sensex fell by about 124.18 points and opened at the level of 57238.02 points. On the other hand, the Nifty of NSE opened with a decline of 24.80 points at the level of 17128.20 points.

All India Weather Forecast for March 28, 2022Weather systems made across the countryA low pressure line is developing at lower levels from Vidarbha to South Interior Karnataka passing through Marathwada and North Interior Karnataka.A Cyclonic Circulation lies over Southeast Arabian Sea and adjoining Southwest Arabian Sea.Another Cyclonic Circulation is persisting over Central Bay of Bengal.Weather movement across the country during the last 24 hoursDuring the last 24 hours, Assam, Meghalaya and Arunachal Pradesh experienced light to moderate rain at one or two places. Rest of Northeast India and parts of Tamil Nadu received light to moderate rains.Light rain occurred at isolated places over Gangetic West Bengal, Kerala and North Interior Karnataka and Goa.Weather activity likely during next 24 hoursDuring the next 24 hours, light to moderate rain at one or two places may occur over Kerala and South Karnataka.Light to moderate rain is possible over isolated parts of Northeast India and Gangetic West Bengal.Light rain is possible over Andaman & Nicobar Islands, Tamil Nadu and Lakshadweep.Heat wave conditions are very likely to reappear over one or two parts of West Rajasthan and later at one or two places over Himachal Pradesh and Gujarat.

SMART INFO कपास का अंतिम स्टॉक 3 साल के अपने निचले स्तर पर भारत में इस वर्ष कपास का अंतिम स्टॉक इस सीजन से सितंबर तक पिछले तीन साल के निचले स्तर पर रहने का अनुमान है। इसकी वजह ग्लोबल डिमांड और केंद्र सरकार की निर्यात प्रोत्साहन नीतियां मानी जा रही है। कपास उत्पादन और खपत समिति (सीसीपीसी) ने कपास का उत्पादन भी तीन साल के निचले स्तर पर आंका है। कपास के विशेषज्ञों की माने तो कम क्लोजिंग स्टॉक और मजबूत मांग से आने वाले दिनों में कपास की कीमतों में तेजी आने की संभावना है। सीसीपीसी ने अक्टूबर 2021 से सितंबर 2022 तक के अपने कपास बजट में 45.46 लाख  (प्रत्येक 170किलोग्राम) पर बंद होने का अनुमान लगाया है। जो कि वर्ष 2018-19 के 44.41 लाख के बाद सबसे कम है।सीसीपीसी ने कपास उत्पादन 340.62 लाख गांठ होने का अनुमान लगाया है, जो 2018-19 के बाद से सबसे कम है। अनुमान कृषि मंत्रालय के अनुरूप हैं, लेकिन कॉटन एसोसिएशन ऑफ इंडिया (सीएआई) के 343.13 लाख गांठ से नीचे हैं। क्लोजिंग स्टॉक का अनुमान भी पिछले महीने सीएआई द्वारा अनुमानित 48.13 लाख गांठ से कम है। चालू सीजन की शुरुआत में क्लोजिंग स्टॉक 71.84 लाख गांठ था। सीसीपीसी ने निर्यात 40 लाख गांठ होने का अनुमान लगाया है।इस सप्ताह मंगलवार को भारतीय कपास निगम, सीएआई और भारतीय कपड़ा उद्योग परिसंघ सहित संपूर्ण कपड़ा मूल्य श्रृंखला के शीर्ष 63 उद्योग प्रतिनिधियों ने बैठक में भाग लिया। उद्योग के सूत्रों ने कहा कि कैरीओवर स्टॉक में गिरावट चिंता का विषय है। साथ ही यह भी कहा कि केंद्र की ओर से न्यूनतम समर्थन मूल्य कार्यक्रम संचालित करने वाले भारतीय कपास निगम ने इस सीजन में कोई खरीद नहीं की है क्योंकि बाजार में कम आपूर्ति के कारण कीमतें लगातार अधिक रही हैं। वर्तमान में कपास की कीमतें 8,000 रुपये प्रति क्विंटल से ऊपर चल रही हैं।पिछले तीन सालों के क्लोजिंग स्टॉक के आंकड़ो पर एक नजर2018-19 - 23.50 लाख2019-20 - 107.50 लाख2020-21 - 75.00 लाख (आंकड़े सीएआई की रिपार्ट के आधार पर)

Cotton production less than half of last year’s despite 20% rise in areaBathinda: With cotton marketing season heading to an end, only 44% cotton crop has been procured so far as compared to the corresponding period last year. So far, 21.86 lakh quintal cotton has been purchased, against 49.40 lakh quintal last year.According to state government officials and market-watchers, the figures of purchases may remain near or little over 22 lakh quintals this year as the arrival of cotton crop has come down and new crop season is about to start in a fortnight.The pink bollworm attack on the cotton crop is the reason behind the procurement of even less than half quantity than the previous year despite the area under crop registering 21% increase than the previous year. In the 2020-21 crop season, the cotton crop was grown in 2.51 lakh hectares and had achieved production of 49.40 lakh quintal while in the 2021-22 season it was grown in 3.03 lakh hectares and the production so far is 21.86 lakh quintal. If calculated according to increased area, the arrival and procurement is even less than 40% of the previous year, which means loss of over 60%.With such a drastic loss to the crop due to the first full blown pink bollworm attack in years in Punjab, the state agriculture department is on its toes to make efforts to stop repetition of the pest attack.The department is also making efforts to increase the area under the cotton in the coming crop season. Before pink bollworm attack in 2021, over 60% cotton crop was damaged due to whitefly attack in 2015.The government had to announce compensation of Rs 17,000 per acre for damage to cotton crop and additional 10% to farm labourers for loss of job.The process of disbursing the compensation is still underway. According to government sources, over Rs 600 crore is expected to be disbursed as compensation.Cotton grower Karnail Singh from Talwandi Sabo in Bathinda said his entire crop was damaged due to pink bollworm and had to incur huge losses. Similarly,  Joginder Singh of Sangat block in Bathinda and Mohinder Singhvof Abohar block in district Fazilka said the pest attack put them on the ground.Punjab agriculture department director  Gurvinder Singh told TOI that “Over half of the crop got damaged due to pink bollworm attack in the ongoing season and the entire department is on its toes to make efforts to avoid repetition of such attack. I daily monitor the efforts being made in the field and weekly go on field visits.”

Today evening, the rupee strengthened by 17 paise to close at Rs 76.20 against the dollar.Today the stock market closed with a fall.Today, where the Sensex closed at the level of 57362.20 points, down 233.48 points. On the other hand, Nifty closed at 17153.00 points down by 69.80 points.