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Union Textiles Minister Giriraj Singh chaired a high-level meeting to assess the preparedness for Minimum Support Price (MSP) operations for cotton procurement during the Kharif Marketing Season 2025-26 starting October 1, 2025. Reiterating the government's commitment to the welfare of cotton farmers, Singh assured that all kapas arriving under MSP guidelines will be procured without disruption, with a focus on timely, transparent, and farmer-centric service delivery. "Starting this season, nationwide Aadhaar-based self-registration of cotton farmers and 7-day rolling slot booking will be facilitated via the newly launched 'Kapas-Kisaan' mobile app. "This digital platform aims to streamline procurement operations, ensure transparency and enable direct Aadhaar-linked payments to farmers' bank accounts through the National Automated Clearing House. The SMS-based payment intimation service introduced last year will also continue," the Textile Ministry said. The minister reaffirmed the
Leading research firm CRISIL Ratings said in its report that the recent political turmoil in neighbouring Bangladesh is unlikely to have any near-term impact on the credit quality of Indian corporates. The report said that there has also been no significant impact on India's trade with Bangladesh going forward, while the effect will vary based on industry specific exposure. It said a prolonged disruption can affect the revenue profiles and working capital cycles of some export-oriented sectors for which Bangladesh is either a demand centre or a production hub. In the financial year 2023-24, total trade with Bangladesh was around USD12,949 million, with Indian exports at USD 11,065 million and imports at USD 1884 million. The report said sectors such as cotton yarn, power, footwear, soft luggage and FMCG could see a negative impact. On the other hand, sectors like shipbreaking, jute, readymade garments would benefit, the report said. India's trade with Bangladesh is relatively low
The Quality Control Order for mandatory certification of cotton bales is good for the Indian industry as there is a need to improve the quality of cotton exported from the country, according to an Aditya Birla Group official. "If they have done anything on quality control it is good for the industry. Cotton is an internationally traded commodity and India is the largest producer of cotton in the world. So obviously, you need to improve the quality of cotton which is exported out of the country. It must meet international standards," Thomas Varghese, Business Head - Textiles at Aditya Birla Group, said. He was speaking on the sidelines of an Assocham Summit here on Thursday. The government on Wednesday said it has approved the Quality Control Order for mandatory certification of cotton bales to augment the supply of good quality cotton to the textile industry. A day before, the decision was taken at the fifth interactive meeting with the Textile Advisory Group here to review the ...
The unabated surge in prices of cotton and cotton yarn may affect the country's apparel exports target of USD 19-20 billion during the current fiscal, AEPC chairman Narendra Goenka said on Thursday. He said that the prices have jumped by about 125-130 per cent during the last 18 months and one of the reasons for that would be "unchecked" exports of cotton and cotton yarn. He suggested the government to impose a temporary ban on exports of cotton and cotton yarn like Indonesia has done for its palm oil. "In 2021-22, the exports were USD 16 billion and we are targeting USD 19-20 billion this fiscal. But because of the price rise, it looks to be a concern on achieving the target. The industry is facing a big challenge at the raw material front," Goenka said. He added that if the price rise does not stop, global customers would start looking at sourcing options other than India. "About 60-70 per cent of cotton and cotton yarn are going to our competitor countries like Bangladesh and .
After hitting the lowest in nine months, cotton price recovered albeit marginally on reports of crop damage due to deficient rainfalls this monsoon season in major producing centres and sudden spurt in its demand from textiles mills.The benchmark Shankar 6 variety of cotton reported an increase of nearly 3 per cent in the last two weeks to trade currently at Rs 10967 a quintal in physical market. In futures, however, cotton prices have declined by Rs 200-300 to trade currently at around Rs 11040 a quintal (~Rs 39300 a candy of 356 kgs each).Traders believe that the extended season rainfalls in October have brought a bounty for cotton crops especially late sown ones across the country. While the cotton output in India is estimated to remain higher this year, the initial crop damage may not be recovered. Still, markets are going to be fully dominated by supplies resulting into a subdued price trend this year."We expect cotton prices touch Rs 10294 a quintal (~Rs 17,500 per bale of 170 ..