Top Headlines
  • Raw cotton prices crash on Omicron fears

    By Dec 03, 2021 11:43 AM

    Bathinda: The chances of re-emergence of the Covid through the Omicron variant is said to be having a global impact. The slump in the prices of cotton crop is also being seen as the direct impact of this. The prices of raw cotton have witnessed a slump of up to Rs 2,000 per quintal in the last fortnight. The prices that were being quoted up to Rs 9,400-9,500 per quintal are now have come down to Rs 7,500-7,700 per quintal. The lower quality crop is being traded even at Rs 6,200-6,500 per quintal. Apart from slump in prices, the quality of the crop and yield too have come down due to pink bollworm attack on the crop. The impact of the pink bollworm could be gauged from the fact that the arrival of the cotton crop in the mandis is less than half than the corresponding period in the previous year. As against the arrival of 19.96 lakh quintal till December 1 in 2020, this year the arrival till that date is only 9.20 lakh quintal in mandis across seven districts of Punjab. The cotton is also more yellowish than pure white. Cotton has been grown in 3.04 lakh hectares in Punjab. “The industry is fearing adverse impacts due to spread of the new variant and prices of cotton have come down,” said cotton trading body Indian Cotton Association Limited (ICAL) president Mukul Dev Tayal. Cotton Ginning Factories Association president Bhagwan Dass Bansal said the entire business community is fearful, which has resulted in the decline in prices. The same is being echoed by the authorities of Punjab State Agricultural Marketing Board (PSAMB), which manage the cotton arrival and sale data. PSAMB state cotton coordinator Rajnish Goel said, “The prices have nosedived by nearly Rs 2,000 per quintal in a fortnight and the arrival is much less than the previous year. According to industrial houses, the prices are down due to low demand in the international markets”. The damage to cotton crop due to pink bollworm attack and the resultant low yield were somehow compensated with spurt in prices — some even had breached the psychological barrier of Rs 10,000 per quintal. “Now, the slump in prices has minimised that compensation,”said farmer Nachhattar Singh from Naruana village in Bathinda, who had brought crop from his leased 10-acre to Bathinda grain market. Nachhatar said as against the yield of at least eight quintals per acre in the previous years, now he got a little over five quintal and the quality too is not good. “I was expecting to get price of nearly Rs 9,000 per quintal, but it is even less than Rs 8,000 per quintal.” Mohinder Singh from Kot Shamir village said, “We have double blow in yield and prices, as these have come down considerably than what these were 15 days ago.”

  • DTN Cotton Closing: Cotton Up on Solid Report

    By Dec 03, 2021 11:39 AM

    The cotton market finished sharply higher Tuesday amid USDA’s January reports. In its monthly update, the government slashed the 2020 crop another million bales, increased exports and lowered domestic carryout. In addition, global inventory stocks were paired with some 1.25 million bales to now stand at 96.32 million bales. The cotton market also saw reduced numbers for its sister markets of corn and beans. Corn traded limit-up, and beans shot nearly 55 cents higher.

  • Tamil Nadu chief minister demands removal of import duty on cotton

    By Dec 01, 2021 11:27 AM

    Citing requests from manufacturers on the ‘grave situation of cotton and yarn price volatility and its impact on the prices of fabrics and garments’, Tamil Nadu chief minister MK Stalin recently urged the Indian government to remove 11 per cent import duty on cotton, rework terms for e-auction of cotton and extend 5 per cent interest subvention to spinning mills for procurement.

  • DTN Cotton Close: Sharply Lower on Omicron, Fed

    By Dec 01, 2021 10:56 AM

    The cotton market saw several of its contract months end at limit down Tuesday, amid growing fears over the omicron variant, plus disturbing comments from the Federal Reserve. Chairman Jerome Powell suggested that inflation was no longer considered transitory and that the Fed’s tapering process needs to be implemented quicker.

Interview
  • SUCCESS STORY OF FARMER IN MH

    BABAN YEDE (Contact No 9503490538)

    Farmer 23/Aug/2017

    Myself Baban Bhagwan Yede, staying At Post Anjanvati Village, Dist. Beed, (MH). I stay in a village whose population is about3000 and nearly 350 families belong to the farming community. I am 56 years farmer and did my 4th Std. My educational carrier I had decided to do the farming in a better way. I am having 13 acres of land, in which we use 4 acres of land for growing cotton, 5 acres of land for growing Udit and on balance 3 acres other crop like turmeric etc.

  • ACCORDING TO MUKESH TAYEGI JI GOVERNMENT SHOULD ALLOW DUTY FREE IMPORT AND EXPORT OF RAW COTTON

    MUKESH TAYEGI VICE PRESIDENT OF NITMA

    NITMA 19/Aug/2017

    ACCORDING TO MUKESH TAYEGI JI GOVERNMENT SHOULD ALLOW DUTY FREE IMPORT AND EXPORT OF RAW COTTON WHICH IS CURRENTLY IN POLICY AND SHOULD BE CONTINUED, TO HAVE GOOD TRADE IN UPCOMING DAYS.

  • SUCCESS STORY OF FARMER IN MH

    Vinod Dhangar (Contact No.8888382972)

    Farmer 12/Aug/2017

    Myself Vinod Ravindra Dhangar, staying at Visteda Village, Dist. Jalgaon, (MH). I stay in a village whose population is about 20000 and nearly 800-900 families belong to the farming community. I am 30 years old farmer and did my SSC. My father is doing farming from years together but the type of farming was a traditional one. After my educational carrier, I had decided to help my father and to do the farming in a better way. I am having 8 acres of land, in which we use 5 acres of land for growing cotton, and on balance 3 acres another crop like Moong.

Spot Prices
Cotton: Maharashtra (02/Dec 11:09 AM)

AGD (BB/29M) 63,500 100 0.16 %
Akola (Fardar/25/27M) 0 0 100.00 %
NGP (MECH-1/28M) 0 0 100.00 %
NGP (MECH-1/29M) 64,200 -1,000 -1.53 %
Yarn: Punjab (25/Oct 10:29 AM)

Ludhiana(20S Comb(Wrap)) 260 0 0.00 %
Future Prices (02/Dec 10:32 AM)
ICE Cotton No.2 (USC/LB)
Dec 31, 2021 109.39 -1.54 -1.39 %
Mar 31, 2022 104.83 -2.10 -1.96 %
May 31, 2022 103.69 -1.59 -1.51 %
ZCE (Yuan/Ton)
Jan 31, 2022 20,535.00 280.00 1.38 %
Mar 31, 2022 19,760.00 205.00 1.05 %
May 31, 2022 19,240.00 -5.00 -0.03 %
Exchange Rates (02/Dec 10:32 AM)
1 US $ = Rs 74.94
-0.23 -0.31%
1 UK £ = Rs 99.60
-0.48 -0.48%
1 Eur € = Rs 84.86
-0.17 -0.20%
100 ¥en = Rs 66.30
-0.12 -0.18%
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