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*Higher prices lure Telangana's cotton farmers to Maharashtra**Cotton farmers of Adilabad are rushing to Maharashtra to sell their produce at Rs 8,000 to Rs 8,500 per quintal while market yards and private traders are offering them Rs 6,500 to Rs 7,000 in the Adilabad market citing high moisture content.**There is a huge demand for cotton in international and national markets but there was low yield this season and private cotton traders are desperate to purchase cotton from farmers to make higher profits. Despite this, only a few farmers turned up to sell cotton at the Adilabad market though farmers were offered Rs 8,020 per quintal on Tuesday.**Market yard officials and the private traders in the state deduct money from the MSP or price they offer if the cotton has more than eight per cent moisture.* *This, farmers allege, is a way of cheating them.**This practice is not prevalent in Pandharkawada and Bhori in Maharashtra, just 50 km from Adilabad, and many farmers head there to sell their cotton. Besides, traders of Maharashtra pay the farmers on the spot.**It is learnt that nearly 40 farmers who brought cotton in vehicles to Adilabad market yard were disappointed with the lower price offered by traders and went to Maharashtra and sold their produce for Rs 8,000 per quintal on the first day of purchases.**Cotton farmers staged protests on Monday at the Adilabad market demanding that the officials take steps to ensure that private traders purchase cotton without measuring moisture content. They alleged that private traders cut large amounts in the price citing high moisture content and offered low prices.**The Adilabad market committee and private traders said they were finding up to 25 per cent moisture content, but they had acted on humanitarian ground and deducted less amount from the total price.**Cotton was cultivated in nearly 10 lakh acres in the erstwhile Adilabad district and farmers expected a good yield but incessant rains damaged the crop.**Senior Congress leader Marsakola Sarengarao of Mamidiguda of Adilabad Rural mandal said middlemen and agents were purchasing cotton from farmers and offering them low prices.**He appealed to the district officials to control the exploitation of farmers by middlemen and traders. He said traders must purchase cotton without measuring moisture content.* *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*

 Today evening, the rupee strengthened by 12 paise to close at Rs 74.96 against the dollar.Sensex rises further, closes up by 383 pointsToday the stock market closed sharply. Today, where the Sensex rose by about 383.21 points to close at 61350.26 points. On the other hand, Nifty closed at 18268.40 with a gain of 143.00 points.  

Rupee opens 3 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 3 paise at Rs 75.05 against the dollar. At the same time, on Monday, the rupee closed at Rs 75.08 with a weakness of 19 paise against the dollar.Sensex opened sharply, up 133 pointsToday the stock market opened with great momentum. Today the BSE Sensex opened with a gain of 132.69 points at the level of 61099.74 points. On the other hand, the Nifty of NSE opened with a gain of 42.60 points at the level of 18168.00 points.

*PAKISTAN COTTON MARKET UPDATE**The Spot Rate Committee of the Karachi Cotton Association on Monday increased the spot rate by Rs 200 per maund and closed it at Rs 15200 per maund.**The Spot Rate Committee of the Karachi Cotton Association on Monday increased the spot rate by Rs 200 per maund and closed it at Rs 15200 per maund. The rate of polyester fibre was increased by Rs 5 per kg and was available at Rs 247 per kg.**Cotton Analyst told Business Recorder that the local cotton market remained bullish and trading volume remained satisfactory.**The rate of cotton in Sindh is in between Rs 12000 to Rs 15800 per maund and the rate of cotton in Punjab is in between Rs 14000 to Rs 15700 per maund.**The rate of the new crop of Phutti in Sindh was in between Rs 4500 to Rs 6500 per 40 kg. The rate of Phutti in Punjab is in between Rs 5800 to Rs 7500 per 40 kg. The rate of Banola in Sindh is in between Rs 1400 to Rs 2000 per maund. The rate of Banola in Punjab is in between Rs 1600 to Rs 2200 per maund. The rate of cotton in Balochistan is in between Rs 13800- 15500 per maund. The rate of Phutti in Balochistan is Rs 6200- 8000 per maund. 1800 bales of Ghotki were sold at Rs 15450 to Rs 15550 per maund, 200 bales of Pano Aqil ,4200 bales of Rahim Yar Khan, 1800 bales of Khan Pur, 1000 bales of Dera Ghazi Khan, 400 bales of Bagho Bahar were sold at Rs 15500 per maund, 200 bales of Sarhad, 200 bales of Mir Pur Mathelo were sold at Rs 15450 per maund, 1200 bales of Mehtab Pur were sold at Rs 14450 to Rs 14500 per maund, 400 bales of Kiandiyaro were sold at Rs 14450 per maund, 200 bales of Sarkand were sold at Rs 14200 to Rs 14300 per maund, 200 bales of Nawab Shah were sold at Rs 13700 per maund, 600 bales of Mir Pur Khas, 600 bales of Sanghar were sold at Rs 11400 per maund, 3400 bales of Sadiqabad, 1000 bales of Lodhran were sold at Rs 15400 to Rs 15500 per maund, 200 bales of Feroza were sold at Rs 15400 to Rs 15500 per maund, 1600 bales of Haroonabad were sold in between Rs 15200 to Rs 15300 per maund, 1600 bales of Faqeer Wali were sold at Rs 15200 per maund, 1600 bales of Yazman Mandi were sold at Rs 15000 to Rs 15300 per maund and 1200 bales of Vehari were sold at Rs 13800 per maund.**Pakistan Textile Competitive inputs value addition can boost economy. Recovering from the pandemic shocks, Pakistan's textile exports are set to grow to $22 billion in FY22. Most of this growth will be driven by the introduction of supportive policies by the government and stabilization of the industry.*

*BANGLADESH : Importers fear further cotton market spiral**Cotton association suggests apparel-makers to negotiate clothing rates with foreign buyers keeping the hikes in mind**Importers do not see any sign that the volatile international cotton market would calm down anytime soon as cotton consumption surges.*     *In the face of pricier yarn and fabrics – main raw materials for the country's readymade garments – the importers and textile mill owners at a press conference Monday suggested apparel-makers to negotiate their clothing rates with the foreign buyers.**At a press conference in Dhaka by Bangladesh Cotton Association (BCA), there had been an argument between the textile mill owners and terry towel exporters over lifting the import duty on yarn to rein in the local yarn market.**Mohammad Ayub, president of the local cotton association, gave a presentation on cotton price hikes in the last two months and hinted at spiked cotton consumption in future.* "*We are skeptical whether cotton prices will come down in the future," he said.**He said cotton turns pricier not only for Bangladesh, but also the countries that produce cotton are having problems in getting the apparel raw material. Apart from the supply crunch, mismanagement of logistics such as costlier shipping, container scarcity and congestion at the port are also responsible for the price spike.**"The market is too volatile. It is very uncertain what happens next," Mohammad Ayub, told The Business Standard, after the press conference.**He said cotton prices in the latest hike spiked by 20-25 cent per pound.**"Cotton that cost 90-95 cent per pound two months ago, is now at $1.17 upon the port arrival," he stated.**A fragile confidence among the textile mill owners, apparel manufacturers and terry towel exporters came to the spotlight at the press conference.*    *Shahadat Hossain Sohel, chairman of Bangladesh Terry Towel Manufacturers and Exporters Association, called for the lifting of the existing 37% import duty on yarn to rein in the prices.**Opposing this, Monsoor Ahmed, a representative of Bangladesh Textile Mills Association, said if the duty is lifted, local industries will face problems.**Fazlul Hoque, vice-president of Bangladesh Textile Mills Association, told The Business Standard after the press briefing that if the apparel exporters fail to negotiate with the buyers to increase the prices, they will be in trouble as cotton prices are rising in the international market.**-For Regular Commodity Market Update:**Call:9111977771*https://wa.me/919111977775

*All India weather forecast for October 26, 2021**Countrywide weather systems*A Cyclonic Circulation is persisting over Lakshadweep region.Another Cyclonic Circulation is persisting over South-central Bay of Bengal.A trough is extending from the cyclonic circulation over South-central Bay of Bengal to North-West Bay of Bengal.An Anticyclone is persisting over Western parts of Rajasthan.Northeasterly winds are blowing over Bay of Bengal and South Peninsular India. The Northeast Monsoon is expected to start sometime soon.*Weather movement across the country during the last 24 hours*During the last 24 hours, light to moderate rain with isolated heavy falls occurred over Tamil Nadu and South Interior Karnataka.Light to moderate rain and snow occurred in isolated parts of Jammu and Kashmir, Gilgit Baltistan, Muzaffarabad, Ladakh and Himachal Pradesh and Uttarakhand.Light to moderate rain and hailstorm occurred over Delhi NCR, Northwest Uttar Pradesh and parts of Haryana and Punjab.Light to moderate rain occurred over Lakshadweep, Coastal Karnataka, Andaman and Nicobar Islands and Gangetic West Bengal.Light rain occurred in Rayalaseema and one or two parts of South Chhattisgarh and Gujarat received very light rain.The minimum temperature has dropped by 2 to 3 degrees over entire Northwest India.*Possible weather activity during next 24 hours*During the next 24 hours, rain and snowfall activities over Western Himalayas will now stop.The weather over Northwest and Central India will also remain dry. The minimum temperatures are likely to drop further over parts of Northwest and Central India.Light to moderate rain with isolated heavy falls may occur over Coastal Karnataka, South Interior Karnataka, Tamil Nadu and parts of Kerala.Light rain may occur at one or two places over Rayalaseema, Coastal Andhra Pradesh and Andaman and Nicobar Islands.Light to very light rain may occur over some parts of Sub-Himalayan West Bengal, Sikkim and eastern parts of Bihar.*-For Regular Commodity Market Update:**Call:9111977771*https://wa.me/919111977775

Rupee depreciates against dollar, 8 paise brokenRupee opened with weakness today against the dollar in the foreign exchange market. Today the rupee opened with a weakness of 8 paise at Rs 74.97 against the dollar. At the same time, on Friday, the rupee closed at Rs 74.89 with a weakness of 3 paise against the dollar.Sensex opens sharply, rises 193 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 192.71 points to open at the level of 61014.33 points. On the other hand, the Nifty of NSE opened at the level of 18151.00 points with a gain of 36.10 points.

*Pink bollworm infestation: impact to be re-evaluated as confidence in cotton sales estimates**The state government on Saturday ordered a re-evaluation of the damage caused to the cotton crop due to pink bollworm infection after doubts were expressed over the field inspection report.**Sources said that the trend of arrival of cotton in various mandis of southern districts of Punjab was not indicative of major crop damage at this stage.**“Preliminary Girdavari inputs submitted last week claimed that standing crops in 4 lakh acres of 7 lakh acres were badly affected. However, the sale of raw cotton in the mandis is not as per the loss estimates. The government is sensitive to the concerns of farmers, but there was a need for re-evaluation of cotton crop losses for objective financial assistance to the affected persons,” said a cabinet minister for development requesting anonymity.**As per the reports of district officials, the major cotton growing districts of Bathinda and Mansa suffered 76-100% loss of productivity. It was also stated that more than 80% of the total area of both the districts was under attack of serious pests. The report said that the pockets of Sangrur and Muktsar had limited impact.**However, official figures do not indicate a large difference in cotton sales over the same period of 2020 until the first three weeks of October, when bumper yields were reported.**In the 2020 Kharif season, about 50 lakh quintals of cotton were produced and almost half of the produce was procured by the Cotton Corporation of India (CCI), a central agency.**Rajnish Goyal, State Coordinator of Punjab Mandi Board Cotton said that till October 21, 2020, 6.01 lakh quintal cotton has arrived in the mandis of seven districts. * * This year 5.28 lakh quintal raw cotton was purchased in the same period. He said that this season the price of cotton has touched an all-time high of Rs 8,380 per quintal.**Cotton was cultivated in an area of 3.3 lakh hectares this year, which is 17% higher than the Kharif season of 2020-21. The yarn sector expects Punjab to reach last year's production of 50 lakh quintals.**This year till October 21, 1.08 lakh quintal cotton has been procured in the worst affected district of Bathinda, while 1.60 lakh quintal cotton was sold by farmers in the mandis in the corresponding period of last season.**As of Thursday, sales of 1.19 lakh quintals were recorded in Mansa while 1.46 lakh quintals in the district. In the corresponding period of last Kharif season, only 1,637 quintals of arrivals were reported by various procurement centers.**Chandrakant Garg, vice-president of Mansa Arhti Association, said that the cotton rate may even reach Rs 9,000 per quintal as there is a great demand for yarn in the international market. “The real impact of the pest attack can be known by the end of November, when the cotton harvesting is over, farmers are taking their produce to the market,” said Garg, a cotton mill owner.*

*All India weather forecast for October 25, 2021**Countrywide weather systems*A Western Disturbance is persisting over North Pakistan. The Induced Cyclonic Circulation lies over Central Pakistan and adjoining Punjab.From the cyclonic circulation over Punjab, a trough is extending from western part of Rajasthan up to South Sindh.A Cyclonic Circulation lies over Lakshadweep.Another Cyclonic Circulation is persisting over South Bangladesh.*Weather movement across the country during the last 24 hours*During the last 24 hours, light to moderate rain occurred at many places over Jammu and Kashmir, Gilgit Baltistan, Muzaffarabad and Ladakh with snowfall at a few places. Snowfall accompanied by heavy rains was observed at some places in Himachal Pradesh.Light to moderate rain with isolated heavy falls occurred over Tamil Nadu, South Interior Karnataka and South Kerala.Light to moderate rain accompanied by heavy rain occurred at one or two places over Northwest Rajasthan, Coastal Karnataka and Andaman and Nicobar Islands.Light rain occurred over parts of Punjab, Haryana, North Interior Karnataka, remaining parts of Kerala, Lakshadweep, Sikkim and Sub-Himalayan West Bengal.*Possible weather activity during next 24 hours*During the next 24 hours, light to moderate rain at a few places is very likely to occur over Punjab.Light to moderate rain with snow and heavy rain may occur at isolated places over parts of Jammu and Kashmir, Himachal Pradesh and Ladakh. Sporadic rain and snow may occur over Uttarakhand.Light to moderate rain with heavy to very heavy falls at isolated places over parts of Karnataka, Tamil Nadu, Kerala, Rayalaseema and Coastal Andhra Pradesh and Andaman & Nicobar Islands.Light rain is very likely over Haryana, Northwest and East Rajasthan, parts of Northwest Uttar Pradesh, Lakshadweep, Sub-Himalayan West Bengal and Sikkim.

Cotton production may decline but prices will remain firm: JAU reportCotton production may see a decline in India this year after damage to the crop due to heavy rain in Maharashtra Gujarat and Madhya Pradesh in September and an attack by pink bollworm, though robust global demand will keep the prices firm, according to a price forecast report released by the Junagadh Agricultural University (JAU) in Junagadh on Friday.The report released by the WTO Cell of the Department of Agricultural Economics (DAE) of the JAU underlined the fact that cotton acreage in the country declined to around 124 lakh hectare (lh) in Kharif season 2021-22 as against 131 lh in 2020-21 due to variations in advent of monsoon in some of the key regions of this crop. This, coupled with heavy rains in September may lead to a decline in production this season, the report said.“This year, at country level, cotton production is estimated 362 lakh bales (First Advanced Estimate, dt. 21-09-2021) slight more than the last year (354 lakh bales). But the torrential rain received in the last week of September, 2021, in Maharashtra, Madhya Pradesh and Gujarat has damaged the crop to large extent, besides huge damage due to pink bollworm is also feared, (this) may result in lower production than last year,” the report prepared by DAE’s associate research scientist Maganlal Dhandhalya and his team stated.Citing the United States Department of Agriculture (USDA), the JAU report states that global cotton production is projected at 1,531 lakh bales in 2021-22, compared to 1,439 bales the previous year. However, the consumption of cotton is expected to remain 1,588 lakh bales — 57 lakh bales more than last year. This, the JAU report said, is expected to keep the price of cotton firm in world market in the current year.The price range forecast by the JAU report is higher than Rs 6,025 per quintal fixed by the Central government as the minimum support price (MSP) for long-staple Bt cotton variety. “If export opportunities and world consumption continue to remain better, there is some chance that, cotton price may go up in future,” the JAU report adds.

Good rate for cotton cheers north Maharashtra farmersThe new season haskicked off on a good note for over 3.5 lakh cotton growers from North Maharashtra as the sale price of raw cotton is significantly higher than the last season.Cotton crop is grown on over 9.30 lakh hectares in Jalgaon, Dhule and Nandurbar districts. Sis The cotton season starts in October and stretches up to August-September next year.“This season, the cotton growers are fetching on an average Rs 7,000 for one quintal of raw cotton. Last season, the sale price was below Rs 5,000 a quintal. The Covid pandemic had impacted both, the cotton farmers and traders, last year. Now things are fast improving,” Pradeep Jain, president of Khandesh gin/press factory owners association says.There are 150 ginning units in these three districts, which buy bulk of the raw cotton from the farmers. These units then process them to make cotton bales, which are then sold to various cotton textile spinning mills, multinational firms, etc. They buy the raw cotton directly through farmers or through auctioning in the mandis in the three districts.The ginning units of the region make over 25 lakh bales during the season and the demand for cotton bales of North Maharashtra is high because of the superior quality.“In the last season, the demand for cotton bales was sluggish as like many other sectors, the textile sector was hit hard due to the pandemic. The scenario has changed this season and the sector is witnessing an upswing in demand. Our feedback is that the domestic consumption of cotton bales is around 3.60 crore at present, which is over 20-25% higher during the corresponding period last year,” added Jain.According to him, the Centre’s recent announcement of the Production-Linked Incentive (PLI) scheme would have a positive impact on the prices of raw cotton.Pravin Koli, a cotton farmer from Jalgaon, said they were forced to sell the produce at a cost lower than the production cost last year. “The mood among the cotton farmers is upbeat as the prices are high. This will help some farmers make up for the losses they suffered due to crop damage after heavy rainfall last month,” he said.