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All India Weather Forecast for September 16, 2021Countrywide weather systemsThe depression over Chhattisgarh and adjoining area has intensified into a well-marked low pressure over the weekend and is now over Northeast Madhya Pradesh and adjoining region. It is expected to rise under low pressure by this evening and move westwards across Madhya Pradesh. The cyclonic circulation over South Gujarat extends up to 5.8 km above mean sea level. The Monsoon Trough is passing through a Well Marked Low Pressure Area over Dwarka, Baroda, Bhopal, Northeast Madhya Pradesh Daltonganj, Digha and then towards South East over East Central Bay of Bengal. A trough is extending from a cyclonic circulation over South Gujarat to Gangetic West Bengal over Northeast Madhya Pradesh over Northeast Madhya Pradesh.Weather movement across the country during the last 24 hoursDuring the last 24 hours, isolated rain with moderate to heavy rains occurred over Gangetic West Bengal and parts of Odisha. Light to moderate rain occurred at isolated places over Chhattisgarh, parts of Jharkhand, parts of Vidarbha, South Madhya Pradesh, Konkan and Goa, Gujarat and Madhya Maharashtra. Andaman and Nicobar Islands, Lakshadweep, parts of Kerala, Coastal Karnataka, Coastal Andhra Pradesh, South and East Rajasthan, remaining parts of Madhya Pradesh, Uttar Pradesh, Bihar, parts of Sikkim and Sub-Himalayan West Bengal. It rained moderately. . Light rain occurred over Delhi NCR, Uttarakhand, Himachal Pradesh, parts of Punjab, isolated parts of Haryana, Telangana, Interior Karnataka and Northeast India.Possible weather activity during next 24 hoursDuring the next 24 hours, Gangetic West Bengal, adjoining parts of North Odisha, Jharkhand, parts of Uttar Pradesh, Bihar, Madhya Pradesh, parts of Uttarakhand, southeast Rajasthan, parts of Gujarat and Andaman and Nicobar Islands Light to moderate rain may occur. Light to moderate rain may occur over parts of Himachal Pradesh, Sikkim, Sub-Himalayan West Bengal, North East India, Delhi parts of Punjab, Haryana, remaining parts of Rajasthan, Konkan and Goa, Coastal Karnataka, Kerala, Lakshadweep and Vidarbha. Light rain is possible over Andhra Pradesh, Interior Karnataka, Telangana, Jammu and Kashmir and Ladakh.

Rupee opens 6 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 6 paise at Rs 73.43 against the dollar. At the same time, the rupee on Thursday closed at Rs 73.49 with a gain of 19 paise against the dollar.Sensex opened at record level with a gain of pointsToday the stock market opened at a record level. Today the BSE Sensex rose by about 80.46 points to open at a record level of 58803.66 points. On the other hand, the Nifty of NSE opened at a record level of 17547.30 points with a gain of 27.80 points.

Today evening, the rupee strengthened by 19 paise to close at Rs 73.49 against the dollar.Sensex sets new record of uptrend, increases by 476 pointsToday the stock market closed at a record level with a boom. Today, where the Sensex closed at a record level of 58723.20 points with a gain of about 476.11 points. On the other hand, the Nifty closed at a record level of 17519.50 with a gain of 139.50 points.  

Cotton harvest likely to be delayed amid flooding in Saurashtra region in GujaratHeavy rains impact moong, urad, sesame and groundnut crops prospectsThe latest spell of heavy rains in Gujarat may appear to have saved the State from sinking into a drought, but for the current kharif crops such as cotton, it has pushed back the harvest period by at least 15 days and also weakened the prospects of kharif groundnut due to waterlogging.Incessant rains, which started on Sunday and lasted till Tuesday morning in most parts of the Saurashtra region, has left the rivers swollen and fields flooded. “Early sown groundnut was ready for harvest. And in such water-logging, it will surely rot. Some of the late-sown groundnut won’t be much impacted,” said Ramesh Bhoraniya, a farmer from Rajkot.He also expressed concerns about the rains pushing back the first picking for the cotton crop. “The cotton bolls didn’t get a chance to open up. So, we don’t see that happening unless we have enough heat and sunlight. So, there will be a delay in first picking,” he said.Saurashtra has about 15.58 lakh hectares under cotton – about 70 per cent of the State’s total cotton area of 22.51 lakh hectares. For Groundnut too, Saurashtra has about 80 per cent or 15.34 lakh hectares of State’s total 19.09 lakh hectares.According to farmer sources, short-duration crops such as moong and urad were ready for harvest and may have faced the monsoon fury. The two pulses have an area of about 16,000 hectares and 29,200 hectares respectively. The two crops had seen encouraging sowing with urad cultivation up 50 per cent over last year and Moong area up by about 4 per cent.Also, another concern is for the sesame-seed crop. Saurashtra commands largest area in the State for sesame-seed cultivation at 50,500 hectares. “Sesame seed were ready for harvest. And the flooding would spoil the crop,” said another farmer.The Gujarat government will conduct a survey for the crop damage. Total kharif sowing in the State has reached 82.83 lakh hectares, which is about 3 per cent lower than last year’s 85.11 lakh hectares. Both the major kharif crops Groundnut and cotton area has dropped marginally as compared to last year owing to delayed monsoon

Rupee opens 1 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 1 paise at Rs 73.67 against the dollar. At the same time, on Tuesday, the rupee closed at a level of Rs 73.68 with a weakness of 1 paise against the dollar.Sensex rises again, opens up 105 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 105.27 points to open at the level of 58352.36 points. On the other hand, the Nifty of NSE opened with a gain of 21.30 points at the level of 17401.30 points.  

Cotton Corporation India, Navi Mumbai NotificationAppeal to Cotton BuyersCCI is extending attractive lifting period of 90 days on buying of just 5000 bales for MSME mills category, 10,000 bales for other spinning mills and 50,000 bales for Cotton Traders. The benefit of the scheme is available upto 30th September 2021. Therefore our esteemed buyers are advised to plan their purchases accordingly.

All India Weather Forecast for September 15, 2021Countrywide weather systemsDepression remains over Interior Chhattisgarh and adjoining parts of Madhya Pradesh. It will move in a west-northwest direction and may weaken into a rail track low pressure area. A low pressure area remains over Gujarat. The associated cyclonic circulation is up to 5.8 above mean sea level.Weather movement across the country during the last 24 hoursDuring the last 24 hours, Monsoon remained vigorous over Gujarat and Odisha. These states received very heavy rains with moderate to heavy rains. Light to moderate rain occurred at isolated places over Chhattisgarh, parts of Madhya Pradesh, Konkan and Goa, Madhya Maharashtra, parts of Uttarakhand and Haryana and West Assam. Light to moderate rain occurred over Himachal Pradesh, Jammu and Kashmir, Punjab, remaining parts of Haryana, Bihar, West Bengal, remaining parts of Chhattisgarh, parts of Rajasthan, Marathwada, Karnataka, Kerala, Andaman and Nicobar Islands and parts of Telangana. .Light rain occurred at isolated places over West Rajasthan, Northeast India, Andhra Pradesh, Lakshadweep, Uttar Pradesh, Bihar and Tamil Nadu.Possible weather activity during next 24 hoursDuring the next 24 hours, light to moderate rain with isolated heavy falls very likely over parts of Odisha, Chhattisgarh, Madhya Pradesh, Gujarat, southeast Rajasthan, Andaman & Nicobar Islands and parts of Uttar Pradesh. Light to moderate rain is likely over West Bengal, Jharkhand, Konkan & Goa, parts of Vidarbha, isolated parts of Telangana, Coastal Karnataka, Kerala, parts of Uttarakhand, Sikkim and Coastal Andhra Pradesh.One or two moderate rains may occur over remaining parts of Himachal Pradesh, Jammu and Kashmir, Interior Karnataka, Lakshadweep, Delhi, Haryana, Punjab, Bihar and Rajasthan.

Today evening the rupee closed at Rs 73.68 with a weakness of 1 paise against the dollar.Sensex rises 69 points to closeToday the stock market closed sharply. Today, where the Sensex closed at the level of 58247.09 points with a gain of about 69.33 points. On the other hand, Nifty closed at the level of 17380.00 points with a gain of 24.70 points.  

Rupee opens 5 paise stronger against dollarRupee opened strongly against the dollar in the foreign exchange market today. Today the rupee opened with a strength of 5 paise at Rs 73.62 against the dollar. At the same time, on Monday, the rupee closed at Rs 73.67 with a weakness of 17 paise against the dollar.Sensex rises again, opens up 250 pointsToday the stock market opened with great momentum. Today the BSE Sensex rose by about 249.89 points to open at the level of 58427.65 points. On the other hand, the Nifty of NSE opened with a gain of 54.70 points at the level of 17410.00 points.  

PAKISTAN COTTON MARKET UPDATEOfficial spot rate recovers slightlyThe Spot Rate Committee of the Karachi Cotton Association on Monday increased the spot rate by Rs 100 per maund and closed it at Rs 13200 per maund.The local cotton market remained stable and the volume remained satisfactory.The Spot Rate Committee of the Karachi Cotton Association on Monday increased the spot rate by Rs 100 per maund and closed it at Rs 13200 per maund. The Polyester Fiber was available at Rs 222 per kg.Cotton Analyst Naseem Usman told Business Recorder that the reason behind downward trend in the rate of cotton is rains in the cotton growing areas of Sindh and Punjab due which the supply of Phutti was effected. Second reason is the arrival of imported cotton and liquidity crunch.The rate of cotton in Sindh is in between Rs 12300 to Rs 13400 per maund and the rate of cotton in Punjab is in between Rs 13300 to Rs 13500 per maund.The rate of the new crop of Phutti in Sindh was in between Rs 4500 to Rs 5800 per 40 kg. The rate of Phutti in Punjab is in between Rs 5300 to Rs 5800 per 40 kg. The rate of Banola in Sindh is in between Rs 1450 to Rs 1800 per maund.The rate of Banola in Punjab is in between Rs 1650 to Rs 1800 per maund. The rate of cotton in Balochistan is in between Rs 13100- 13200 per maund. The rate of Phutti in Balochistan is Rs 6000- 6600 per maund.

ICE COTTON SUMMARYICE Cotton slips post WASDE production hikeICE cotton futures eased on Monday, pressured by a stronger dollar, as traders continued to assess a projected increase in output in the US Department of Agriculture’s (USDA) September supply and demand report.“The market is still digesting Friday’s report and today, the increase in production, up from August’ s surprise cut, is weighing, as the USDA made adjustments on planting numbers from earlier in the season,” Bailey Thomen, cotton risk management associate at StoneX Group said.In its September World Agricultural Supply and Demand Estimates (WASDE) report, the USDA projected US production at 18.5 million bales, 1.2 million bales higher than the previous month.The market will pay close attention to how production pans out until season-end, as well as adverse weather events and changes in the global consumption picture, especially for China, Thomen said.Tropical storm Nicholas, now about 140 miles (225 km) south of Port O’Connor in Texas with maximum wind speeds of 60 miles per hour, is forecast to reach the northwest Gulf coast as a hurricane. * The dollar index rose on Monday, making cotton more expensive for buyers holding other currencies.Total futures market volume fell by 19,680 to 13,022 lots. Data showed total open interest gained 289 to 273,007 contracts in the previous session.Market focus will also be on a weekly crop progress report from the USDA due later on Monday.