Recent News

The rupee opened higher at 95.33/$.On Tuesday, the Indian rupee opened at 95.33 against the dollar, up by 6 paise, whereas it had closed at 95.39 on Monday.Sensex gained 67.17 pts or 0.09% to 78,352.24 at  after positive opening at 78,461.16 from the previous close of 78,285.07; Nifty 50 was up 18.95 pts or 0.08% to 24,449.30READ MORE :- The rupee fell by 16 paise against the US dollar to close at 95.39.

The Indian rupee weakened by 16 paise to settle at 95.39 against the US dollar on Monday after opening the session at 95.23.Indian equity benchmarks ended higher, with the Sensex gaining 521.16 points, or 0.67%, to close at 78,285.07, while the Nifty advanced 159.50 points, or 0.66%, to settle at 24,430.35. Market breadth remained mixed, with 1,924 stocks advancing, 2,226 declining, and 185 remaining unchanged.read more :- Bt Cotton Acreage Falls by 15,000 Hectares in Hanumangarh Amid Pink Bollworm Threat

Bt Cotton Acreage Drops by 15,000 Hectares in Hanumangarh; Fear of Pink Bollworm a Key FactorBt cotton sowing in Hanumangarh district has decreased by approximately 15,000 hectares this Kharif season compared to the previous year. According to the Agriculture Department, Bt cotton was sown across 132,582 hectares in the district by June 29, whereas the figure stood at 147,585 hectares during the same period last year.Farmers have reduced the cotton acreage this time due to the escalating infestation of pink bollworm over the past three years and the losses incurred last year. Conversely, the area under crops such as moong (green gram), paddy, guar (cluster bean), and other Kharif crops is likely to increase. Sowing for these crops is currently underway, and final figures will be released soon.Typically, Bt cotton is cultivated on approximately 150,000 hectares in Hanumangarh annually. Despite the reduction in acreage this season, the Agriculture Department is continuously raising awareness among farmers regarding better crop management and protection against the pink bollworm. Through workshops and advisories, the department had advised farmers against early sowing. Farmers were urged to begin sowing in May so that flowering across most fields would occur simultaneously, thereby disrupting the pink bollworm's life cycle by July. However, some farmers proceeded with sowing before May using tubewell irrigation, creating a risk of pest infestation in those fields.Agriculture Department's Advice*   Regularly inspect fields and keep a watch for early signs of pink bollworm infestation.*   Limit the use of urea (nitrogen) alongside irrigation to prevent excessive vegetative growth of the plants.*   Monitor the pest population by installing five pheromone traps per hectare.*   Regularly inspect flowers and squares (buds); immediately destroy any 'rosette flowers' (deformed flowers) found.*   During the boll formation stage, examine 20 green bolls per acre. If white or pink larvae are found in two or more bolls out of twenty, or if 10 percent rosette flowers are observed, immediate control measures should be adopted.Dr. Sanjeev Bhadu, Assistant Director of Agriculture (Extension), stated that the acreage under Bt cotton is lower this year compared to the previous year, whereas the area under other Kharif crops is likely to increase. He urged farmers to undertake regular monitoring, use pheromone traps, and follow the department's scientific advice to minimize damage caused by the pink bollworm and achieve better yields.READ MORE :- Kharif Sowing Slow in Karnataka as Cotton Acreage Surges Despite Rainfall Deficit

Kharif Sowing Sluggish in Karnataka, but Cotton Sowing Picks Up PaceKharif season sowing in Karnataka has remained slower than expected this year. According to Agriculture Department data up to July 3, sowing has been completed on 36.5 lakh hectares against a target of 84.1 lakh hectares—approximately 43% of the total target. While this is about 28% lower than the corresponding period last year, it stands at roughly 94% of the five-year average.The primary reasons for the delay in sowing are the late arrival of the monsoon and below-normal rainfall in several parts of the state. This has most significantly impacted cereal and pulse crops, whereas sowing of cotton and other cash crops has accelerated in irrigated areas.District-wise data reveals that Chikkaballapur has covered only 9% of its normal sowing area. Sowing also lags significantly in districts like Bengaluru Rural (24%) and Kolar. Conversely, the situation is better in the irrigated regions of North Karnataka. Raichur leads the pack at 157% of its normal area, while Yadgir, Haveri, Dharwad, and Gadag have also recorded sowing levels above normal.In terms of crop-specific status, cereal sowing has reached only 27% of the target, and pulse sowing stands at 44%. Maize sowing has fared relatively better, reaching 86% of normal levels. Among oilseeds, sunflower sowing is at 130% of the five-year average, whereas groundnut continues to lag behind normal levels.Commercial crops have shown the best performance; sowing has reached 121% of normal levels, with cotton sowing recorded at 141% of the five-year average. This indicates that amidst rainfall uncertainty, farmers are prioritizing cash crops where irrigation facilities are available. Weather experts believe that if rainfall remains below normal in July as well, pressure on Kharif crops in the state could increase, and there is a risk of drought-like conditions developing in several areas.READ MORE :- Rupee Opens Lower at 95.23 Against Dollar

The rupee opened lower at 95.23 per dollar.On Monday, the Indian rupee opened 2 paise lower at 95.23 against the dollar, whereas it had closed at 95.21 on Friday.The Sensex was up 232.14 points or 0.30 percent at 77,996.05, and the Nifty was up 65.70 points or 0.27 percent at 24,336.55. About 1486 shares advanced, 1065 shares declined, and 234 shares unchanged.READ MORE :- CCI Cotton Auction Sales Top 55,400 Bales

CCI Keeps Cotton Prices Steady as Weekly Auction Sales Cross 55,400 BalesThe Cotton Corporation of India (CCI) did not make any changes to its cotton candy prices for the week ended 03 July 2026 . Strong participation from textile mills and cotton traders was witnessed in the auctions, resulting in total weekly sales of about 55,400 bales from the 2025–26 crop season.Day-wise Auction PerformanceJune 29, 2026 (Monday):CCI recorded total sales of 4,800 bales during the day. Mills purchased 3,100 bales, while traders lifted 1,700 bales.June 30, 2026 (Tuesday):Total sales rose to 14,000 bales. Mills accounted for purchases of 5,000 bales, whereas traders bought 9,000 bales.July 01, 2026 (Wednesday):The highest sales of the week were recorded on Wednesday, with 14,300 bales. Traders led the buying activity with purchases of 10,100 bales, while mills bought 4,200 bales.July 02, 2026 (Thursday):CCI sold 13,200 bales during the day. Mills purchased 7,500 bales, while traders lifted 5,700 bales.July 03, 2026 (Friday):The week concluded with total sales of 9,100 bales. Mills purchased 5,100 bales, while traders remained active with purchases of 4,000 bales.Cumulative Sales UpdateWith the latest auctions, CCI's cumulative cotton sales for the 2025–26 season have reached 80,12,900 bales.read more :- India, China to Drive Cotton Trade

ICAC: India and China to Drive Global Cotton Trade GrowthAccording to the International Cotton Advisory Committee (ICAC), strong import demand from India and China could provide fresh momentum to global cotton trade in the 2026/27 season. The rising purchasing activity from both nations is emerging as a key force strengthening trade dynamics in the international market.The report indicates that India has become one of the most significant drivers of global cotton demand. Cotton lint imports for the country are projected to reach approximately 1 million tonnes in the 2025/26 season—a 42% increase compared to the previous season—marking the highest import level in India's history.Policy measures, such as temporary cuts in import duties and exemptions on Extra-Long Staple (ELS) cotton, have played a pivotal role in this surge. These steps have enhanced the availability of imported fiber and supported demand from the domestic spinning and textile industries.A significant rebound in China's cotton imports is also anticipated. After hitting an eight-year low last season, China's cotton lint imports are projected to rise by approximately 42% in 2025/26.The ICAC forecasts that China will reclaim its position as the world's largest cotton importer in the 2026/27 season, accounting for roughly 19% of global cotton imports. Additional import quotas, strong domestic market prices, and sustained demand from textile mills are cited as the primary drivers of this growth.Brazil leads the list of China's key suppliers. Currently, Brazil accounts for about 52% of China's total cotton imports, establishing itself as a major supplier in the world's most significant cotton trade corridor. Meanwhile, Australia is strengthening its position as China's second-largest supplier. Meanwhile, ongoing shifts in US-China trade relations are influencing global competition and the flow of cotton trade.Regarding production and consumption, global cotton production for the 2025/26 season is projected at 26.5 million tonnes, a 3% increase over the previous year. Global consumption is expected to reach 25.3 million tonnes, reflecting a year-on-year growth of 1.6%.For the 2026/27 season, global cotton production is forecast to decline by 2% to 25.9 million tonnes, while consumption could rise by approximately 1% to reach 25.5 million tonnes. The ICAC believes that, driven by strong demand, India and China will play a pivotal role in shaping the direction of global cotton trade in the coming years.read more :- Indian Cotton Sector Outlook

A Look at the Indian Cotton SectorDemand for high-quality imported cotton is steadily rising in India. Although the country's total cotton production suffices for domestic consumption, the need for premium-quality fiber—required for manufacturing fine-count yarn, home textiles, and export-oriented products—is driving imports. Currently, India imports approximately 9% of its total cotton consumption, whereas China’s import dependency stands at 16–17%. This trend is creating opportunities in the Indian market for major exporting nations like the US, Brazil, and Australia.Spinning mills such as Tamil Nadu’s Jayalakshmi Textiles utilize imported cotton for about 20% of their requirements. According to the company, US cotton—characterized by lower trash content and superior quality—is ideal for fine-count spinning, provided it is available at a competitive price.Recent months have seen pressure on domestic prices and availability due to a rise in global textile demand and increased procurement of Indian cotton yarn by China. Market trends going forward will largely depend on the progress of the monsoon. While rainfall was below normal during the initial phase, experts believe the impact on cotton will be limited compared to water-intensive crops like rice and sugarcane. If farmers increase the acreage under cotton—a crop requiring less water—an improvement in production is possible.Commodity analysts estimate that India's cotton production could exceed 320 lakh bales in the 2026–27 season, provided rainfall is favorable in key producing states like Karnataka and Maharashtra. Additionally, the prospect of an India-US trade agreement is viewed positively by the industry. Since cotton is not a food crop and the majority of India's production is GMO-based, its inclusion in a trade agreement is considered relatively straightforward. The Indian spinning industry is also advocating for duty-free cotton imports to enhance competitiveness. Given the rising demand for quality, potential trade agreements, and India's strong position in the global textile market, the Indian cotton sector could offer significant opportunities for growth and investment in the coming years.read more :- Trade Deals Lift Textile Stocks

Trade Deals Boost Indian Textile Stocks; Exports Expected to RiseIndia's textile sector is witnessing a strong rally this year, driven primarily by the Free Trade Agreement (FTA) with the UK set to take effect this month, negotiations with the European Union (EU) reaching the final stage, and a potential trade deal with the US. These agreements are expected to boost Indian textile exports and enhance competitiveness in the global market.Indian companies supplying products such as T-shirts, bed linen, and towels to global retailers like Walmart and Tesco are among the top performers in the stock market. An equal-weight index of eight major textile exporters tracked by Bloomberg has recorded a gain of over 30% this year, contrasting with an approximately 8% decline in the NSE Nifty 50 index during the same period.Pawan Bharadia, Co-founder and Chief Investment Officer at Equitry Capital Advisors, believes there is a significant opportunity for Indian textile companies to expand their global market share. He anticipates a re-rating of the sector's valuation due to improved tariff structures and new export avenues. Shares of SP Apparels, a company held in his portfolio, have surged nearly 60% this year.Experts suggest that India could also benefit from the global strategy to reduce sourcing reliance on China and certain other Asian nations. Driven by this outlook, major institutional investors like SBI Funds Management and Quant Mutual Fund have increased their stakes in several textile companies in recent months.Shares of Arvind Limited have risen by approximately 74% this year, while Indo Count Industries has seen a gain of around 54%. Analysts at Motilal Oswal believe that major Indian textile exporters can expand their market share in the coming years by capitalizing on better order visibility and rising demand from global brands. Although India's share in global textile trade currently stands at around 4%, the government aims to grow the industry to $350 billion by 2030. Analysts believe that achieving this goal will depend on increasing production capacity, attracting new investments, and ensuring a steady rise in export orders.read more :- The rupee closed flat at 95.21 against the US dollar.

The Indian rupee held steady at 95.21 against the US dollar on Friday, unchanged from its opening level.At the close, the Sensex added 261.79 points, or 0.34 percent, to finish at 77,763.91, and the Nifty rose 95.15 points, or 0.39 percent, to 24,270.85. Market breadth remained positive, with advances outnumbering declines.read more :- Rain Boosts Kharif Sowing in Akola

Maharashtra: Good rainfall accelerates Kharif sowing; planting completed on 1.20 lakh hectares; cotton acreage likely to increaseGood rainfall in early July has accelerated Kharif season sowing in Maharashtra's Akola district. According to the Agriculture Department, sowing has been completed on approximately 120,000 hectares out of the district's total cultivable area of 432,010 hectares. Last year, Kharif crops were sown across a total area of 431,884 hectares in the district.This year, farmers are showing a strong preference for cotton cultivation. Agriculture officials state that the optimal window for sowing Moong (green gram) and Urad (black gram) has passed; sowing these crops now carries the risk of reduced yields or crop failure. Consequently, most farmers have prioritized cotton cultivation. Approximately 30 percent of the cotton sowing in the district is already complete, and a significant increase in total cotton acreage is anticipated this year.Rainfall data for the district shows that Telhara Taluka recorded the highest rainfall at 191.7 mm. This was followed by Akot (161.3 mm), Patur (141.9 mm), Murtijapur (132.9 mm), Barshitakli (124.9 mm), Balapur (111.9 mm), and Akola Taluka (95 mm). The district's average rainfall has been recorded at 132.2 mm.The Agriculture Department has advised farmers to avoid sowing Moong and Urad now, as the favorable period for these crops has elapsed. The department notes that sowing at this stage offers a very low probability of achieving expected yields. Particularly in the Telhara and Patur regions, delays in initial rainfall and sowing have forced many farmers to alter their original cropping plans and switch to cotton cultivation. Although sowing operations across the district are progressing rapidly, the process has been hampered in parts of Akot, Telhara, and Patur talukas due to continuous heavy rainfall. Sowing work has currently stalled in several locations within the low-lying areas of Patur due to waterlogging and excessive soil moisture.read more :- Cotton Prices Jump Above MSP