After opening at 86.84 in the morning, the Indian rupee gained 1 paise to settle at 86.83 to the dollar on Friday.At close, the Sensex was down 199.76 points or 0.26 percent at 75,939.21, and the Nifty was down 102.15 points or 0.44 percent at 22,929.25. About 642 shares advanced, 3200 shares declined, and 73 shares unchanged.read more :-Cotton Market Update:..... So cotton will be returned; Know in detail what is the reason for this.
Cotton Market Update: There will be a return of cotton; find out the specific reason why.The shutdown of the cotton procurement software has caused chaos across the country. In this situation, vehicles parked at the Cotton Collection Center (CCI) were towed.Since the online website was closed, off-record records were kept at the CCI center. This cotton has been kept aside.The glitch in the CCI software continued for the second consecutive day. Due to this, the CCI's cotton procurement remained suspended. The cotton that came to this center was purchased outside the record. Along with this, farmers were also asked to write a self-declaration form for this cotton. However, cotton procurement bills have been stopped.On Wednesday (February 12), the price of cotton at a private cotton collection center was Rs 7,200 per quintal. This price was received only by some cotton sellers. However, traders bought other cotton at cheaper prices. This caused huge losses to the farmers.Private traders are taking advantage of this situation due to the closure of CCI's cotton procurement. An attempt is being made to create financial difficulties for farmers by buying cotton at low prices....then I will return the cotton* If the cotton received at the cotton procurement center is not in accordance with the rules, it will be returned. Only after the online process starts, it will be known whether this cotton is in accordance with the standards or not.* Information about the amount of cotton sown on Satbara online and the amount of cotton actually brought by the farmer to this center will be available.* If the cotton is more or there is any confusion between the registration process and the Aadhar card, then this cotton will be returned. A self-declaration form has been written.Closed till further noticeThe system expected that the cotton procurement site would be repaired within a day. However, the website has not been operational for two days. This has created a big problem. Due to this, the CCI Center has issued a letter saying that the purchase of cotton will remain closed till further orders. Therefore, farmers will have to wait now.read more :-Nigeria plans to end $6-bn annual textile imports from China, India
Nigeria intends to stop importing $6 billion worth of textiles from China and India each year.Nigeria plans to end annual textile imports worth $6 billion from China and India, and revive the domestic textile industry and its value chains, apart from promoting ‘Made in Nigeria’ products, according to Minister of State for Industry, Trade and Investment John Enoh.The minister, who was recently on a three-day tour of industries in Lagos and Ogun state, said the government’s key agenda includes economic growth through manufacturing and job creation.“The Benin Republic has a flourishing textile garment industry, and their target is the Nigerian market,” he was quoted as saying by domestic media reports.InsightsNigeria plans to end annual textile imports worth $6 billion from China and India, and revive the domestic textile industry and its value chains, apart from promoting 'Made in Nigeria' products, Minister of State for Industry, Trade and Investment John Enoh has said.He said the government's key agenda includes economic growth through manufacturing and job creation.read more :-Trump threatens to deploy reciprocal tariffs in bid to "ensure fairness" with trading partners
In an effort to "ensure fairness" with trading partners, Trump has threatened to impose retaliatory tariffs.President Trump on Thursday signed a memorandum directing his administration to weigh reciprocal tariffs, threatening to impose levies on U.S. imports from nations that put higher duties on American products. "I've decided for purposes of fairness that I will charge a reciprocal tariff," Mr. Trump said in the Oval Office at a proclamation signing. "It's fair to all. No other country can complain." The Trump administration has argued that its tariff policies would level the competitive playing field for U.S. and foreign manufacturers, although the new taxes would probably be shouldered by U.S. shoppers and businesses either directly or indirectly.Tariffs, which act as a tax on foreign goods, could lead to higher prices, which are rarely if every welcomed by Americans, and having more import duties on the horizon comes against a backdrop of inflation flaring up once again. Consumer prices in January accelerated to 3% on an annual basis, signaling the Federal Federal's push to drive inflation down to a 2% annual rate has petered out, at least for now.Deutsche Bank analysts said in a research note earlier this week that proceeding with reciprocal U.S. tariffs poses "additional upside risks to the inflation outlook."The tariff hikes would vary for affected countries, with a goal of starting new trade negotiations, the Associated Press reported. A senior White House official who spoke to the wire service on condition of anonymity said the reviews required to move forward with the tariffs could be finished within a number of weeks, although the process could take longer. The plan "will seek to correct long-standing imbalances in international trade and ensure fairness across the board," the White House said in a statement about the tariffs. "Gone are the days of America being taken advantage of: this plan will put the American worker first, improve our competitiveness in every area of industry, reduce our trade deficit, and bolster our economic and national security," it proclaimed.The announcement came before a meeting between Mr. Trump and Narendra Modi, prime minister of India, a country that could be targeted by U.S. tariffs. Modi has recently sought to assuage the Trump administration's concerns regarding trade issues, moving to cut import India's tariffs on some motorbikes and bourbon whiskey, while also agreeing to receive planes carrying undocumented migrants. President Trump has placed an additional tariff on Chinese imports for what he says is that nation's role in producing opioid fentanyl. He has also readied tariffs on Canada and Mexico that could take effect next month, after being paused 30 days. Mr. Trump also this week announced 25% tariffs on steel and aluminum that are scheduled to take effect in March. Applying a matching tariff against select U.S. trading partners is likely an alternative to imposing a more sweeping levy, according to economists. Argentina, Brazil, India and Turkey have the biggest gaps in tariffs with the U.S., trade data shows."While most developed markets would come out relatively unscathed, emerging markets would suffer a greater loss of competitiveness, with India, Brazil and Turkey looking among the most exposed," Shilan Shah, deputy chief emerging markets economist with Capital Economics, told investors in a report. "It is probable that their governments (among others) would provide concessions to President Trump in an attempt to prevent reciprocal tariffs from being imposed."Trump administration officials say tariffs can protect domestic manufacturers and also spur both American and foreign companies to create more jobs in the U.S."America has helped many Countries throughout the years, at great financial cost. It is now time that these Countries remember this, and treat us fairly – A LEVEL PLAYING FIELD FOR AMERICAN WORKERS," Mr. Trump wrote Thursday on Truth Social.read more :-Rupee open 5 paise up at 86.84 against the dollar
At 86.84, the rupee opened 5 paise higher than the dollar.Indian rupee opened higher by 5 paise at 86.84 per dollar on friday versus previous close of 86.89.The rupee opened 5 paise up on February 14, tracking gains in Asian peers following relief that US President Donald Trump reciprocal tariff plan will not kick in immediately, which also led to marginal easing in the dollar index.read more :-The global Combed Cotton Yarn market will reach $6.55 billion by 2031 due to the growing demand from the textile industry
Because to the textile industry's increasing demand, the global market for combed cotton yarn is expected to reach $6.55 billion by 2031.Los Angeles, United States: The report titled “Global Combed Cotton Yarn Market Research Report 2025” has been recently published by QY Research. Analysts and researchers have conducted extensive primary and secondary research with the help of various methodologies such as Porter’s Five Forces and PESTLE analysis. The Combed Cotton Yarn market report discusses the major trends and opportunities that may emerge in the near future. A detailed analysis of the factors that positively influence growth has been done by professionals. Apart from this, the Combed Cotton Yarn market report also examines the factors that may act as major challenges for the participants. The global market for Combed Cotton Yarn was valued at US$ 5109 million in the year 2024 and is projected to reach a revised size of US$ 6547 million by 2031, growing at a CAGR of 3.8% during the forecast period.The combed cotton yarn industry is facing a dynamic market landscape. Like carded yarn, the price of raw cotton significantly impacts the cost of combed yarn, making the industry vulnerable to fluctuations in global cotton markets. Sustainability and ethical sourcing are becoming increasingly important, with brands and consumers demanding transparency and traceability in the supply chain. While synthetic fibres such as polyester offer cost advantages, the premium quality and luxurious feel of combed cotton remains attractive, especially in high-end markets. Innovation in spinning technologies is leading to the development of finer and stronger combed yarns, expanding their applications in specialty textiles. The demand for finer counts and special finishes is also increasing. The rise of e-commerce has led to both challenges and opportunities. Manufacturers need to adapt to shorter lead times, lower order quantities and more personalised product offerings. Direct-to-consumer brands are also disrupting traditional distribution channels, forcing manufacturers to explore new ways to reach consumers. In addition, the industry is witnessing a trend toward regionalization and localization of supply chains driven by factors such as geopolitical risks and the desire to reduce transportation costs.While developed countries are focusing on high-quality and specialized combed cotton yarns, developing economies are seeing growth in their textile sectors, driving the demand for combed yarns. Overall, the industry is navigating these trends by focusing on innovation, sustainability, and responsiveness to evolving consumer preferences and global market dynamics. The Combed Cotton Yarn research report emphasizes the key trends and opportunities that may emerge in the near future and positively impact overall industry growth. The Combed Cotton Yarn report also discusses the key drivers driving growth. Additionally, the challenges and restraining factors that may hamper the growth in the coming years are also highlighted by the analysts, so that the manufacturers can prepare well for the future challenges.read more :- The Indian rupee on thursday fell 9 paise to close at 86.89 per dollar, while it had opened at 86.80 in the morning.
On Thursday, the Indian rupee opened at 86.80 per dollar and dropped 9 paise to settle at 86.89.At close, the Sensex was down 32.11 points or 0.04 percent at 76,138.97, and the Nifty was down 13.85 points or 0.06 percent at 23,031.40. About 1781 shares advanced, 2010 shares declined, and 127 shares unchanged.read more :-Gujarat : State govt to set up cotton missions to double production .
Gujarat: To boost production, the state government would establish cotton missions.Gandhinagar : The Gujarat govt has decided to set up dedicated state-level missions to double cotton production in the state. This decision follows the Union govt's announcement in the Budget to set up separate missions to promote these crops nationally.Senior officials from the state agriculture and farmers welfare department said that the govt of India announced a ‘Mission for Cotton Productivity & Sustainability', incorporating the transformative 5F vision (farm to fibre to factory to fashion to foreign).The officials stated, "Gujarat is one of the leading states in the country in cotton production, but for the past few years, our cotton production has not increased as anticipated, and there is a possibility that we may lose our edge to other states in the coming years."Sources revealed that to support the Union govt's cotton mission initiative, Gujarat plans to establish a mission-oriented organisation to double cotton output. "The state govt has resolved to not only match the central grants but also to provide additional funds from state resources if required," they added.Sources further said, "Like cotton, the state govt will also set up a pulses mission with a focus on tur and moong dals. Tur dal is a staple food in the state and although Gujarat is one of the major producers, it has become challenging in the past few years to meet the demand. The govt will lay special emphasis on increasing tur dal production."Officials indicated that Gujarat will identify districts under the govt of India's Dhan Dhanya Krishi Yojana, which targets 100 districts to enhance crop diversification, storage, irrigation, and credit accessibility.State agricultural department officials confirmed the implementation of the Union govt's comprehensive programme for fruits and vegetables, with the aim to promote production, supplies, processing, and fair prices for farmers. Officials said, "Under the new scheme, credit will be enhanced for farmers, fishermen, and dairy farmers."Read More :- Indian rupee opened higher by 8 paise at 86.80 per dollar on Thursday versus previous close of 86.88.
On Thursday, the Indian rupee began at 86.80 per dollar, up 8 paise from its closing price of 86.88.The Sensex was up 1,078 points or 1.42 percent at 77,249.08, and the Nifty was up 24.55 points or 0.11 percent at 23,069.80.Read More :- The Indian rupee on Wednesday fell 44 paise to close at 86.88 per dollar, while it had opened at 86.44 in the morning.
On Wednesday, the Indian rupee fell 44 paisa to 86.88 paisa per dollar from its opening rate of 86.44 paisa per dollar.At close, the Sensex was down 122.52 points or 0.16 percent at 76,171.08, and the Nifty was down 26.55 points or 0.12 percent at 23,045.25. About 1487 shares advanced, 2334 shares declined, and 85 shares unchanged.read more :-WASDE projects higher global cotton production, stocks & exports
WASDE forecasts increased worldwide cotton exports, stocks, and output.The United States Department of Agriculture (USDA) has predicted a higher cotton production of 120.46 million bales, each weighing 480 pounds, in its February 2025 World Supply and Demand Estimates (WASDE) report. The global cotton ending stock was higher by 500,000 bales, and exports increased by 30,000 bales. Cotton exports were projected higher despite global uncertainties.The USDA has increased the world’s cotton production estimates from the 119.45 million bales projected in the January 2025 report. It has also increased ending stocks to 78.41 million bales from 77.91 million bales in the last monthly report. The world’s domestic consumption of cotton was pegged at 115.95 million bales, compared with an estimate of 115.89 million bales.Global production estimates were increased by one million bales to 120.46 million bales. Global ending stocks increased by 500,000 bales to 78.41 million bales. The global cotton export forecast was increased by 30,000 bales to 42.51 million bales. It projected exports at 42.48 million bales in its last monthly report.In the 2024-25 world cotton balance sheet, production and ending stocks have increased, while beginning stocks were lowered this month. Global cotton consumption and trade have increased by a nominal amount. A one-million bale increase in China’s cotton crop accounts for virtually all the increase in world production, as slightly higher production in Brazil is largely offset by declines in Argentina and Kazakhstan. Increases in consumption for Bangladesh, Pakistan, and Vietnam are offset by declines for India and the United States. Small consumption changes elsewhere account for the minimal global increase this month. Higher imports by Bangladesh, Pakistan, and Vietnam are offset by lower imports by China, with small changes elsewhere.Ending stocks for 2024-25 have been raised by half a million bales as the increase in world production is partially offset by lower beginning stocks due to updates to the 2023-24 balance sheets for China and Uzbekistan.US cotton exports were forecast at 11 million bales, maintaining a steady trend despite global uncertainties. However, domestic consumption of US cotton was reduced by 100,000 bales for the current season of 2024-25. The ending stock of US cotton was forecast 100,000 bales higher at 4.90 million bales. Beginning stocks and exports are unchanged. The 2024-25 season average Upland farm price projection has been reduced to 63.5 cents per pound.read more :-Traders seek setting up of cotton testing lab in State
Traders want to establish a cotton testing laboratory in the state.Warangal : The cotton traders have thanked the government for smooth procurement of cotton and quick payments to farmers. The Telangana Cotton Association and Warangal Chamber of Commerce and Industry president Bommineni Ravinder Reddy, along with general secretary Kakkirala Ramesh and joint secretary Katkuri Nagabhushanam, met Marketing Minister Tummala Nageswara Rao at his office in Hyderabad on Tuesday.As a token of gratitude, the delegation felicitated Minister Tummala Nageswara Rao, appreciating his continuous support in achieving goals. They also extended their appreciation to the officials of CCI and the Marketing department Directors for their cooperation. Further, they pointed out the challenges faced by the cotton industry in Telangana post-state bifurcation. One of the major concerns was the lack of an international-standard cotton testing laboratory, which hinders the export of Telangana’s cotton. To address this, they urged the government to implement its previous decision to allocate 1 acre of land in Hyderabad for the Telangana Cotton Association to facilitate industry growth.Additionally, they raised concerns about the current situation of Warangal Agricultural Market and requested that the 35 guntas of land allocated to the Warangal Chamber of Commerce and Industry be granted at a nominal lease rate with necessary construction permissions. Responding positively, Minister Tummala Nageswara Rao assured immediate action on the discussed matters and directed the Marketing Department officials to take necessary steps.read more :-In relation to the US dollar, the Indian rupee opens 39 paise higher at 86.44.
Indian rupee opens 39 paise higher at 86.44 against US dollarThe Indian rupee opened strong, higher by 39 paise up against the US dollar at 86.44 on February 12, appreciating 0.36 percent to once emerge as the best performing currency in Asia for a second day in a row.On February 11, a likely intervention by the Reserve Bank of India (RBI) in the forex market had led to the rupee outperform other Asian currencies. The Indian rupee appreciated 0.75 percent against the US dollar on February 11 to emerge as the top currency in Asia, and ended at 86.83 against the US dollar on Tuesday.read more :-Indian rupee ended 52 paise higher at 86.83 per dollar on Tuesday versus tuesday's open of 87.35.
The Indian rupee opened at 87.35 on Tuesday and closed the day 52 paise higher at 86.83 per dollar.At close, the Sensex was down 1,018.20 points or 1.32 percent at 76,293.60, and the Nifty was down 309.80 points or 1.32 percent at 23,071.80. About 516 shares advanced, 3330 shares declined, and 92 shares unchanged.read more :-CCI to identify districts in each state for cotton productivity trials: Textiles Minister
Districts for cotton productivity experiments will be chosen by CCI in each state: Minister of TextilesThe Cotton Corporation of India (CCI) has been asked to identify one district in each state for conducting cotton productivity trials, Union Minister Giriraj Singh said on Monday. Speaking to reporters here, the textiles minister said the government is intensifying efforts to boost cotton productivity by adopting global best practices, to increase the per hectare yield, as countries including Brazil, China, Australia and Russia produce 2,000 to 2,200 kg per hectare whereas India's average production is 450-500 kg per hectare."I have told CCI to identify districts across states for cotton trial production. Now we will take Akola model to saturation mode," Singh said.Moreover, he shared plans to take India's textiles market size to USD 350 billion by 2030 from USD 176 billion at present."The country's textile sector is the biggest employment creator after agriculture. We have set a target to take it (number of textile jobs) to 6 crore from 4.5 crore at present. The textile sector has got an allocation of Rs 5,300 crore in the Budget .... In the coming days we will increase job creation and exports from the textiles sector. At present the domestic market size is USD 176 billion. We will increase this to USD 350 billion," said the minister.Talking about the mega textile exhibition Bharat Tex to be held this month, he said, around 6,000 foreign exhibitors from 126 nations will participate in the event this time, doubling from 3,000 last year.The minister also exuded confidence that Carbon fibre, a technical textile used in missiles, drones, etc., will be produced in India by 2026.Union Budget 2025-26 proposes a five-year Cotton Mission to increase cotton productivity especially of extra-long staple varieties. It allocated Rs 500 crore for the National Cotton Technology Mission.The Budget announced an outlay of Rs 5,272 crore (Budget Estimates) for Ministry of Textiles for 2025-26. This is an increase of 19 per cent over budget Estimates of 2024-25 (Rs 4,417.03 crore)read more :-Rupee comfortably reclaims the 87 mark against USD in opening trade
In beginning trade, the rupee easily regains the 87 level against the US dollar. The rupee opened at 87.35 against the US dollar and then recovered to 87.07 against the US Dollar, as compared to 87.48 at the previous close against the greenback.read more :-Indian govt's cotton procurement may touch 10 mn bales this season
| title | Created At | Action |
|---|---|---|
| The Indian rupee on friday higher 1 paise to close at 86.83 per dollar, while it had opened at 86.84 in the morning. | 14-02-2025 22:46:52 | view |
| Cotton Market Update:..... So cotton will be returned; Know in detail what is the reason for this. | 14-02-2025 18:48:58 | view |
| Nigeria plans to end $6-bn annual textile imports from China, India | 14-02-2025 18:24:29 | view |
| Trump threatens to deploy reciprocal tariffs in bid to "ensure fairness" with trading partners | 14-02-2025 18:01:00 | view |
| Rupee open 5 paise up at 86.84 against the dollar | 14-02-2025 17:26:06 | view |
| The global Combed Cotton Yarn market will reach $6.55 billion by 2031 due to the growing demand from the textile industry | 13-02-2025 23:44:27 | view |
| The Indian rupee on thursday fell 9 paise to close at 86.89 per dollar, while it had opened at 86.80 in the morning. | 13-02-2025 22:42:05 | view |
| Gujarat : State govt to set up cotton missions to double production . | 13-02-2025 18:10:12 | view |
| Indian rupee opened higher by 8 paise at 86.80 per dollar on Thursday versus previous close of 86.88. | 13-02-2025 17:33:46 | view |
| The Indian rupee on Wednesday fell 44 paise to close at 86.88 per dollar, while it had opened at 86.44 in the morning. | 12-02-2025 22:52:22 | view |
| WASDE projects higher global cotton production, stocks & exports | 12-02-2025 21:50:05 | view |
| Traders seek setting up of cotton testing lab in State | 12-02-2025 18:49:09 | view |
| In relation to the US dollar, the Indian rupee opens 39 paise higher at 86.44. | 12-02-2025 17:27:16 | view |
| Indian rupee ended 52 paise higher at 86.83 per dollar on Tuesday versus tuesday's open of 87.35. | 11-02-2025 22:49:24 | view |
| CCI to identify districts in each state for cotton productivity trials: Textiles Minister | 11-02-2025 18:17:25 | view |
| Rupee comfortably reclaims the 87 mark against USD in opening trade | 11-02-2025 17:37:00 | view |
