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*Unable to run units to capacity for want of enough raw cotton, ginners face losses in Punjab*

*Unable to run units to capacity for want of enough raw cotton, ginners face losses in Punjab**Most ginning factories working between 25-50% of capacity while nearly 10 units in Bathinda and Mansa districts of Punjab are lying shut**All 82 cotton ginning units of Punjab are unable to keep their operations running to capacity due to a shortage of nearly one-fourth of the required natural fibre in the market.**shut in Bathinda and Mansa.**A leading cotton ginner from Malout in Muktsar Bhagwan Bansal said against the average minimum requirement of 150 bales or 750 quintals per day, meagre 200 quintal cotton is available for processing. “A cotton ginning unit operator has to pay about ₹10 lakh fixed electricity charges for the nine-month season from September 1 onwards. As the pest attack has severely hit crop production, we are unable to run factories. We have to pay fixed charges even when electricity is not used,” he said.**For the current season, ginners were expecting 60 lakh quintal raw cotton after Punjab saw an increase of 25% area under cotton. As per Punjab Mandi Board data, different districts of south Malwa had recorded sales of 8.60 lakh quintals till November 27.**Board authorities opine the production this year may be around 25 lakh quintals while the industry say cotton arrival may touch the 30-35 lakh quintal mark.**Punjab Cotton Mills and Ginning Association president Suresh Bansal said owing to the negligent attitude of the state government, 76% of factories closed down since 2005. He blames the absence of a dedicated policy for agriculture and the industrial sector in Punjab.**“Punjab had 335 ginning factories 16 years ago that came down to 82 in 2021. In 2005, factories were ginning 18 lakh bales or 90 lakh quintals in a season and in 2020-21 kharif season, Punjab produced 49 lakh quintals,” he said.**“After irrigation system strengthened in over last decade, farmers of the semi-arid region of Malwa switched from the traditional cotton to less labour-intensive crop of non-basmati rice. Kotkapura town used to be a major purchase centre where 20-lakh quintal cotton was a regular feature 10-12 years ago. In 2020-21, the entire Faridkot district registered the arrival of mere 50,000 quintals. It shows the government has failed to set its priorities right,” said Bansal.* *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*

*All India Weather Forecast for November 29, 2021*

*All India Weather Forecast for November 29, 2021**Countrywide weather systems*A Cyclonic Circulation lies over the Comorin region and adjoining Sri Lanka coast.A low pressure area is very likely to form over South Andaman Sea by tomorrow, November 29. It will turn into a deep low pressure and then move in a west-northwest direction during the next 48 hours.A 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 with isolated heavy falls occurred over South Coast of Andhra Pradesh and Coastal Tamil Nadu.Light to moderate rain occurred over Lakshadweep, Andaman and Nicobar Islands, Rayalaseema, Interior Tamil Nadu and Kerala.Light rain occurred at one or two places over South Interior Karnataka and remaining parts of Kerala and Coastal Odisha.*Weather activity likely during next 24 hours*During the next 24 hours, light to moderate rain with heavy rain is likely over some parts of Coastal Andhra Pradesh, Coastal Tamil Nadu and Lakshadweep.Light to moderate rain is very likely at isolated places over Kerala, Interior Tamil Nadu, South Interior Karnataka and Coastal Karnataka and Andaman and Nicobar Islands.Light rain is possible at isolated parts of South Madhya Maharashtra, Konkan & Goa and South Telangana.Air pollution in Delhi and its adjoining areas will continue to be in a dangerous condition.*-For Regular Commodity Market Update:**Call:9111977771*https://wa.me/919111977775

*Concern over new Covid variant hits cotton prices in Ahmedabad*

*Concern over new Covid variant hits cotton prices in Ahmedabad**After having remained firm for quite some time, cotton prices have eased on concerns of new variant of coronavirus, Omicron.**The prices of cotton in local markets dropped by Rs 1,000-1,200 per candy (356kg) over the last two days as the new variant, currently circulating in South Africa, spooked the global cotton market, said traders. The prices of benchmark cotton variety, Shankar-6, have come down to Rs 65,300-65,800 per candy from their high levels of Rs 66,500-66,800 over past two days. “New variant of coronavirus has spooked the market, which has pulled down cotton prices in local markets,” said Arun Dalal, a city-based cotton broker.**“Following price dip in international market, domestic futures prices also dipped. Consequently, spot prices too eased,” said a cotton trader from Rajkot.**According to traders, arrivals of new crop to local mandis is currently slow and domestic mills are making limited purchases given the high price of the natural fibre. About 35,000 to 40,000 bales (one bale weighs 170kg) are arriving daily in local mandis . This should have been higher at 55,000 to 60,000 bales, added traders. “Presently, arrivals are slow as farmers are busy with marriage season and there is also a shortage of labourers to pluck cotton.The arrivals are expected to pickup after December 10,” said a city cotton trader.**-For Regular Commodity Market Update:**Call:9111977771*https://wa.me/919111977775

There may be pressure on the market for a few more days, there is a good chance of buying in the fall

There may be pressure on the market for a few more days, there is a good chance of buying in the fall:News of rising cases of corona in European countries and lockdown on restaurants in Austria has had a bad effect on the market sentiment. There is a cycle of pressure in the market. And it lasts for some time.Even after the recent decline, the Indian market has been the best performer this year as compared to other countries. Going forward we will see more foreign money coming into the Indian markets as its long term growth story still remains strong and currently we remain strong in the long term bull market.But any correction under this time pressure gives an opportunity to choose quality stocks available in the market at good valuations. Due to all these reasons, there is temporary pressure on the market due to the selling of FIIs in the Indian markets. The fundamentals of the Indian economy are strong.Company's performance will also be good in the coming quarter. However, valuations of some stocks look very expensive. Due to this, profit has also come in them. Moreover, at present, domestic institutional investors are also not buying enough to make up for the selling by foreign institutional investors. Due to which there is pressure in the market. But this is a temporary phase. The long term outlook for the Indian markets remains strong.The year 2021 can be called the year of IPO. This has been the best year for IPO. Out of 51 IPOs listed since January, 38 are those that are trading above their offer prices.

Weather systems made across the country

*All India Weather Forecast for November 26, 2021**Weather systems made across the country*The Cyclonic Circulation is now persisting over South-West Bay of Bengal. It extends up to 4.2 km above mean sea level. Under its influence, a low pressure area is likely to form over southwest Bay of Bengal by this evening. It is very likely to move west-northwestwards towards Tamil Nadu coast.A trough is extending from the cyclonic circulation over South West Bay of Bengal to North Tamil Nadu.Another cyclone in circulation is over the north and adjoining area of Pakistan.*Weather movement across the country during the last 24 hours*During the last 24 hours, Andaman and Nicobar Islands and Lakshadweep experienced light to moderate rain at a few places with heavy to very heavy falls at one or two places.Light to moderate rain occurred at isolated places over Tamil Nadu, Kerala, Karnataka, parts of Rayalaseema and South Konkan and Goa and South Madhya Maharashtra.*There was scattered light rain in Arunachal Pradesh.**Weather activity likely during next 24 hours*During the next 24 hours, light to moderate rains with isolated heavy falls are likely over Andaman & Nicobar Islands, parts of Tamil Nadu and Kerala.Light to moderate rain may occur over remaining parts of Tamil Nadu, South Coastal Andhra Pradesh, Lakshadweep, South Interior Karnataka, Coastal Karnataka and Rayalaseema.Isolated light rain may occur over Andhra Pradesh, Telangana and Northeast coast of Arunachal Pradesh.*Regards**Team Sis**Any query plz call 9111977771*Smartinfoindia.com*https://wa.me/919111977775*

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