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U.S. EXPORT SALES FOR WEEK ENDING 26/08/2021 Cotton:  Net sales of 105,200 RB for 2021/2022 were primarily for Pakistan (27,600 RB), Vietnam (17,200 RB, including decreases of 8,800 RB), Turkey (14,400 RB), Ecuador (8,800 RB), and China (8,400 RB).  Total net sales for 2022/2023 of 23,800 RB were for Turkey. Exports of 168,600 RB were primarily to Turkey (33,400 RB), China (33,000 RB), Vietnam (25,000 RB), Pakistan (18,900 RB), and Bangladesh (17,400 RB).  Net sales of Pima totaling 14,500 RB were primarily for Peru (6,300 RB), India (6,200 RB), Austria (500 RB), Taiwan (400 RB), and Egypt (400 RB).  Exports of 4,700 RB were primarily to India (2,200 RB), China (1,200 RB), Honduras (800 RB), Peru (300 RB), and Guatemala (100 RB).Optional Origin Sales:  For 2021/2022, the current outstanding balance of 8,800 RB is for Pakistan. Exports for Own Account:  For 2021/2022, the current exports for own account outstanding balance of 4,800 RB is for China (4,700 RB) and Vietnam (100 RB).    

In the evening, the rupee strengthened by 3 paise to close at Rs 73.06 against the dollar.Sensex set a new record of uptrend, increased by 514 pointsToday the stock market closed sharply. Today, where the Sensex closed at the level of 57852.54 points with a gain of about 514.33 points. On the other hand, Nifty closed at 17234.20 points down by 157.90 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 73.03 against the dollar. At the same time, on Wednesday, the rupee closed at Rs 73.08 with a weakness of 8 paise against the dollar.Sensex opened with a gain of 85 points, Nifty also rose by 13 pointsToday the stock market opened with great momentum. Today, the BSE Sensex opened with a gain of 85.44 points at the level of 57423.65 points. On the other hand, the Nifty of NSE opened with a gain of 12.70 points at the level of 17089.00 points.

PAKISTAN COTTON MARKET UPDATESpot rate firm on cotton marketOfficial spot rate halted further increase on the cotton market on Wednesday, dealers said.The rate of cotton in the local market on Wednesday decreased by Rs 300 to Rs 400 per maund. Cotton Analyst Naseem Usman told Business Recorder that under the influence of international market local market remained bearish. Trading volume was a little bit low.The rate of cotton in Sindh is in between Rs 13800 to Rs 13900 per maund and the rate of cotton in Punjab is in between Rs 13900 to Rs 14000 per maund.The rate of the new crop of Phutti in Sindh was in between Rs 5700 to Rs 6100 per 40 kg. The rate of Phutti in Punjab is in between Rs 5700 to Rs 6000 per 40 kg. The rate of Banola in Sindh is in between Rs 1700 to Rs 1750 per maund. The rate of Banola in Punjab is in between Rs 1700 to Rs 1800 per maund. The rate of cotton in Balochistan is Rs 13800 per maund. The rate of Phutti in Balochistan is Rs 6200- 6800 per maund.The Spot Rate remained unchanged at Rs 14200 per maund. The Polyester Fiber was available at Rs 222 per kg.

ICE COTTON SUMMARYCotton hits 1-week low on fears over increased supplyICE cotton futures fell to a one-week trough on Wednesday as traders were concerned over increased supply amid improving crop conditions in key-growing regions.“The crop conditions are good, and though the crop in West Texas is still a bit late, the potential is there to make a fairly big crop,” Peter Egli, director of risk management at British merchant Plexus Cotton, said, adding US supply seemed to be larger than the US Department of Agriculture’s (USDA) projection in August.The USDA said it would review acreage estimates for cotton in the September report, after it lowered its production estimate by over half a million bales for the 2021/22 crop year in last month’s supply and demand report.Adding to concerns over increased cotton supply, the USDA’s weekly crop progress report on Monday showed 70% of the cotton crop was in a good-to-excellent condition in the week ending August 29. That compares with only 44% for the same period a year ago.Analysts also said Hurricane Ida, which swept through Louisiana, Mississippi and New Orleans, did not cause major damage to the cotton crop. Market participants now eye the USDA’s weekly export sales report due on Thursday.

All India Weather Forecast for September 2, 2021Countrywide weather systemsThe low pressure area over North Madhya Maharashtra has weakened.A Cyclonic Circulation is persisting over North Madhya Maharashtra and adjoining southern parts of Gujarat.The axis of Monsoon trough is moving eastwards towards East Central Bay of Bengal via Baroda, Akola, Ramagundam, Kalingapatnam.Weather movement across the country during the last 24 hoursDuring the last 24 hours, moderate to heavy rains occurred over South Gujarat and North Konkan and Goa with very heavy rainfall at a few places. Monsoon was very active in these areas.Light to moderate rain and heavy rain occurred at isolated places over East Rajasthan, Delhi NCR, parts of Gujarat region, parts of Madhya Maharashtra, Goa and Telangana.Light to moderate rain has occurred over parts of Haryana, South and West Madhya Pradesh, Saurashtra and Kutch, Coastal Andhra Pradesh, parts of Chhattisgarh, Assam, Meghalaya, Sub-Himalayan West Bengal, Sikkim and Northeast Bihar. Light rain occurred at one or two places over Jammu and Kashmir, Himachal Pradesh, Uttarakhand, parts of Punjab, Uttar Pradesh, Odisha, Gangetic West Bengal, Andaman and Nicobar Islands, Lakshadweep and rest of Northeast India.Possible weather activity during next 24 hoursDuring the next 24 hours, scattered light to moderate rain over parts of Madhya Maharashtra, North Konkan and Goa, Gujarat, South and Southeast Rajasthan, Sub-Himalayan West Bengal, Sikkim, parts of Assam, Andaman and Nicobar Islands and parts of Telangana and Andhra Pradesh. Moderate rain with heavy rain at a few places. Light to moderate rain at isolated places over rest parts of Northeast India, Uttar Pradesh, Bihar, Jharkhand, Chhattisgarh, Madhya Pradesh, Tamil Nadu, Interior Karnataka, Kerala, South Konkan and Goa, Delhi and NCR and Uttarakhand It may rain heavily for a while.

Rupee weakens by 8 paise and closed at 73.08 levelWeakness in rupee against dollar has been seen. Rupee weakens by 8 paise to close at 73.08 against dollar today.Nifty below 17,100, Sensex down 214 points; Realty stocks outperformedSensex based on thirty shares had gone up to a record new high of 57,918.71 points at one time during trading. But in the end the gains were not sustained and the Sensex closed at 57,338.21 points, down 214.18 points, or 0.37 percent.

China's manufacturing sector slows as export demand weakensChina's factory activity decelerated in August as export demand weakened, a survey showed Tuesday.The monthly purchasing managers' index of the Chinese statistics bureau and an official industry group declined to 50.1 from July's 50.4 on a 100-point scale on which numbers above 50 show activity increasing.A sub-measure of new exports fell by a full point from the previous month to 46.7, according to the National Bureau of Statistics and the China Federation of Logistics & Purchasing.Officials have warned demand for Chinese exports was likely to weaken in the second half of the year. Factory and consumer activity have been dampened by flooding in July and tighter anti-coronavirus controls.In a report on the latest manufacturing figures, researchers at the Chinese investment bank CICC said they expected "the slowdown in demand will continue.""Overall the manufacturing industry will show a steady slowdown," it added.

Weakness in rupee, 4 paise breaks open at 73.04After the strong gains of yesterday i.e. Tuesday, the rupee has started with weakness today. Rupee has opened weak against the dollar by 4 paise today. Rupee opens today at 73.04 against dollar.Sensex started fast, rose 182 points to open at record levelToday the stock market opened with a boom. Today the BSE Sensex rose by about 181.76 points to open at the level of 57734.15 points. On the other hand, the Nifty of NSE opened with a gain of 51.80 points at the level of 17184.00 points.

*Cotton arrivals begin in Bathinda mandi**Around 19 quintal of raw cotton arrived in Bathinda grain market on Monday, with farmers getting Rs 300-400 per quintal more than the minimum support price (MSP). With Rs 5,925 per quintal being fixed for 27.5-28.5mm long staple, farmers got between Rs 6,200 and 6,400 per quintal.**Cotton season starts on September 1 but the Cotton Corporation of India normally enters the market after October 1, leaving private traders or ginners to make purchases for nearly a month.**Against state agriculture department’s target of sowing cotton in 3.25 lakh hectares, the crop was sown in 3.04 lakh hectares in Punjab. In the previous cotton sowing season, there was big mismatch in figures in Punjab, as initially the state government claimed that the crop was sown in 5 lakh hectares and later claimed that as per actual measurement it was sown in 2.51 lakh hectares.**The CCI website still shows 5 lakh hectare cotton sowing in Punjab.**Mehta village farmer Baldev Singh said he had brought cotton from first picking and sold it for Rs 6,325 per quintal. “I am happy to get this price, which is much above the MSP,” he said. Another farmer Shankar Singh from Katar Singh Wala village had brought about a quintal and sold it for Rs 6,250.**Commission agent Anil Aggarwal said it was the firsty day of cotton arrival in mandi and rates quoted by traders were much higher than the MSP. Actual price will be known when cotton starts arriving in large quantities, he said.**Bathinda market committee secretary Gurwinder Singh told TOI that 19 quintal cotton arrived on the first day on Monday. “We hope the arrivals to pick in mid-September, when the growers are expected to start the picking in big way,” he said.**SiS Commited to update you on all textile related news real time.**Regards**Team Sis**Any query plz call 9111977771**https://wa.me/919111977775*

‘Bangladesh, India has ample scope to work together’Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Faruque Hassan today said Bangladesh and India can reap more mutual trade benefits through further collaboration, especially in the area of apparel and textile industry.“There are huge opportunities for Bangladesh and India to complement each other in boosting apparel and textile business in both countries,” he remarked during a meeting with High Commissioner of India to Bangladesh, Vikram K Doraiswami who paid a courtesy call on BGMEA leaders at BGMEA office here today.They had discussions about existing problems in export-import especially in RMG and textile industry and possible ways to address them.They also discussed potential areas of further collaboration between Bangladesh and India to derive mutual trade benefits.BGMEA President Faruque Hassan said: “While Bangladesh relies on India for the import of raw materials including machinery, cotton, yarn, fabric, chemicals, and dyes, India is a potential RMG export market for Bangladesh. Indian domestic apparel market is growing, and Bangladesh can tap the opportunity. So, there lies a reciprocal trade benefit for both Bangladesh and India.”He also called for easing travel procedures including visa and resuming flights especially for business people from Bangladesh.Faruque Hassan has sought the cooperation of the Indian High Commissioner in exchanging knowledge, and expertise in apparel and textile industry.