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*All India Weather Forecast for November 08, 2021*

*All India Weather Forecast for November 08, 2021**Countrywide weather systems*An area of low pressure is persisting over East-central Arabian Sea. The associated cyclonic circulation extends up to 5.8 km above mean sea level. It is likely to intensify into a depression by this evening and will continue its motion in a northwesterly direction off the Indian coast.A trough is extending from the above cyclonic circulation up to Northeast Arabian Sea up to South Gujarat Coast.Another cyclonic circulation lies over West Central Bay of Bengal off South Andhra Pradesh and North Tamil Nadu coast.A cyclonic circulation lies over southeast Bay of Bengal. Due to its impact over the same area, a low pressure area is expected to develop, which will move in a northwest direction towards Tamil Nadu coast.*Weather movement across the country during the last 24 hours*During the last 24 hours, moderate to heavy rains occurred over South Coast of Andhra Pradesh and North Coastal Tamil Nadu.Light to moderate rain with isolated heavy falls occurred over remaining parts of Tamil Nadu.Light to moderate rain occurred over some parts of Kerala, South Interior Karnataka, Coastal Karnataka, Konkan and Goa and parts of Madhya Maharashtra.*Light rain fell in Lakshadweep.**Possible weather activity during next 24 hours*During the next 24 hours, heavy to very heavy rain is possible at isolated places over Coastal Andhra Pradesh and Tamil Nadu Coast.Light to moderate rain with isolated heavy rain is likely over remaining parts of Tamil Nadu, South Interior Karnataka and Andaman and Nicobar Islands.Light to moderate rain is possible over Coastal Karnataka, parts of Kerala, Konkan and Goa, Madhya Maharashtra and Lakshadweep.Moderate to strong winds blowing from Northeast direction can improve Delhi's pollution to some extent.

Cotton prices hit Rs 10,000, ride wave of low yield

*Cotton prices hit Rs 10,000, ride wave of low yield**Diwali has arrived a little earlier for cotton farmers as prices have touched Rs 10,000 per quintal against Rs 5,000 last year.*The farmers are jubilant over the rising prices as they are likely to fetch decent profits in the next two months.**Although unseasonal rains are worrying farmers in some places, a majority are relieved as they have sold their first pick of the yield during the current season.**Sources said prevailing prices are the highest in the recent past and are likely to go up in the next few weeks depending on quality of the stock. Market analysts said reports about low yields from the cotton producing states of Maharashtra, Karnataka and Madhya Pradesh due to heavy rains and cyclones are reported to have created demand for cotton from Andhra Pradesh and Telangana.**Traders initially offered around Rs 6,500 per quintal at the beginning of the season last month and slowly increased prices. With more players joining the trade, prices jumped to Rs 10,000 per quintal in select markets, including Adoni in Kurnool district.**Sources said* *the textile industry returning to full production levels after nearly two years is also a major reason for increased demand for cotton across the globe.**Interestingly, the Cotton Corporation of India (CCI) has not launched procurement* *operations by setting up purchase centres anywhere in the state due to heavy demand for stocks from traders.*

*Spot rate holds present level amid slow trading*

*PAKISTAN COTTON MARKET UPDATE**Spot rate holds present level amid slow trading**Official spot rate was firm on the local cotton market on Monday amid modest trading activity.**The Spot Rate remained unchanged at Rs 15400 per maund. The polyester fiber was available at Rs 247 per kg.**The rate of cotton in Sindh remained between Rs 12500 to Rs 16,000 per maund and the rate of cotton in Punjab was registered at Rs 14,200 to Rs 15,600 per maund.**The rate of the new crop of Phutti in Sindh was remained between Rs 4,500 to Rs 6,500 per 40 kg. While Phutti prices in Punjab were between Rs 5,500 to Rs 7,500 per 40 kg.**Similarly, prices of cotton in Balochistan were remained at Rs 13,800 to 16,000 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 between Rs 1,350 to Rs 2,000 per maund. While in Punjab rates of Banola were between Rs 15,50 to Rs 2,000 per maund. The rate of Banola in Balochistan today was Rs 16,000 to 2,000 per maund.**1000 bales of Khair Pur were sold at Rs 14600 to Rs 15200 per maund, 800 bales of Rohri were sold at Rs 14800 to Rs 5200 per maund, 400 bales of Sadiqabad, 200 bales of Kot Sabzal were sold at Rs 16000 per maund, 200 bales of Bahwal Pur were sold at Rs 15200 per maund, 200 bales of Faqeer Wali were sold at Rs 15300 per maund, 800 bales of Yazman Mandi, 1600 bales of Haroonabad were sold at Rs 15000 per maund, 400 bales of Bahawal Nagar were sold at Rs 14300 per maund and 400 bales of Sehar Sultan were sold at Rs 14825 per maund.**Cotton Analyst Naseem Usman told that surging cotton rates in local and global markets are feared to hit Pakistan's textile exports hard as a huge increase in cost of production would drastically compromise their competitiveness.*

Cotton prices in Punjab hit an all-time high, cross ₹10,000 level

*Cotton prices in Punjab hit an all-time high, cross ₹10,000 level**Due to the increasing demand for Indian yarn in the global market, cotton prices may see a further rise.**About 2,080 quintals of cotton were procured by private buyers in Muktsar on November 1 and so far 1.31 lakh quintals have been sold in the district.**The "white gold" crop touched a record breaking rate of Rs 10,500 per quintal on the first day of November, three days after official estimates of heavy losses in raw cotton production this year.**According to the official data of Punjab Mandi Board, the rate of cash crop in Muktsar was told in five digits on Monday.**It was not confirmed how much quantity was procured for the historical rate of ₹10,500 per quintal, which was 77% higher than the minimum support price of ₹5,925 fixed by the central government for the 2021-22 kharif season.**Industry sources said this is the first time that cotton prices have crossed Rs 10,000.**Due to the ongoing high demand for Indian yarn in the global market, the prices are likely to see a further rise.**About 2,080 quintals of cotton were procured by private buyers in Muktsar on November 1 and so far 1.31 lakh quintals have been sold in the district.**Districts growing semi-arid cotton reported sales of 6.35 lakh quintals till November 1.**In the 2020-21 season, Punjab produced about 50 lakh quintals of cotton.**Before cotton harvesting began, the industry and the Cotton Corporation of India, a central-government agency, had estimated rates higher than the MSP based on market trends.**However, the deadly pink bollworm infestation in major cotton growers Bathinda and Mansa dashed the hopes of farmers.**Today 11,258 quintals of cotton were sold by the farmers in various mandis of South Malwa district.**The Punjab government has described Bathinda and Mansa districts as the most affected by the pink bollworm attack, with rates between Rs 9,600 and Rs 9,330 per quintal.**Till November 1, Bathinda has bought 1.30 lakh quintals and private buyers 1.43 lakh quintals.**This season, Fazilka, which remained unaffected by the pest attack, is leading with 2.12 lakh quintals and the cotton rate on Monday stood at ₹8,800-9,095 per quintal.* 

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