Never miss a story

Get subscribed to our newsletter

In October month, traders had exported seven lakh bales and contracts for another one million bales have been signed for November shipment. Pixabay

As unlocking activity continues, demand prospects of Indian cotton continue improving — be it local demand or overseas demand, according to a report by Religare Broking.

In October month, traders had exported seven lakh bales, and contracts for another one million bales have been signed for November shipment, as per cotton dealers.

Follow NewsGram on Twitter to stay updated about the World news.

Exporters also say that India’s cotton exports could jump 40 percent in 2020/21 from a year ago to seven million bales, the highest in seven years, as the depreciation of the rupee and a rally in global prices allow exporters to obtain the export contracts.

Indian cotton is being offered at around 74 cents per lb, cost, and freight-basis, to buyers in China, Bangladesh, and Vietnam for November shipment, which is cheaper than 77 cents offered by competitors like Brazil and the US. Cheapest export offers make overseas sales viable from India — a key bullish driver.

Follow NewsGram on Instagram to keep yourself updated.

The report said enhanced global/domestic demand for mask and surgical gown production along with increasing procurement activity shall be supportive for prices.

Excessive rainfall impact in Madhya Pradesh and Maharashtra during the last week of August and later part of September respectively is most likely to lower the domestic Soybean crop versus earlier estimates. Pixabay

Palm oil markets remain strong as well due to persistent buying interest in Malaysian and Indonesian markets where production outlook continues declining against improving export prospects especially from India, Religare Broking said.

Want to read more in Hindi? Checkout: हलवाइयों ने बनाई इम्यूनिटी बूस्टर मिठाई !

Palm oil bears a positive correlation with RM oil, which in turn has a similar impact over RM seed. The old season crop estimate is seen lower year on year because of heavy rainfall across regions of Haryana and Rajasthan during March and April this year.

Traders and farmers have estimated the possible damage around 20- 25 percent roughly. The festive season buying interest remains healthy in physical markets., which is a supportive factor in addition to suspended sale from NAFED. Stockists now seem to consider fresh deals as prices have corrected in recent sessions.

On soybeans, the report said that fundamentally, the market shall continue finding support after moderate price depreciation amid stable retail demand due to the festive season in addition to growing export prospects in Soymeal. Strength in edible oils shall add to the positive undertone.

ALSO READ: 5 Career Opportunities In Diverse Industries For French-Language Experts

Excessive rainfall impact in Madhya Pradesh and Maharashtra during the last week of August and later part of September respectively is most likely to lower the domestic Soybean crop versus earlier estimates. Under this scenario the chances of rising in prices from a longer-term perspective shall improve further, the report said. (IANS)


People stroll early morning at the Mumbai promenade.

Prior to the brutal second wave of the pandemic, Prime Minister Narendra Modi had cautioned civil services probationers against developing the despised "babu mindset". He gave the invaluable piece of advice while addressing civil services probies at the well-known Lal Bahadur Shastri National Academy of Administration in Mussoorie via video-conferencing. He also outlined the keystone mantra of "minimum government and maximum governance".

With the recent collapse of the under-construction flyover in Bandra Kurla Complex which injured 14 labourers, it seems like the Brihanmumbai Municipal Corporation (BMC) has got the PM's keystone mantra all wrong. The recent flyover collapse isn't an isolated incident, in fact, a month ago a similarly bemusing incident took place in the eastern part of the suburbs.

Keep Reading Show less

Kashmir's natural splendour, with its beautiful valleys and towering mountains, is really unlike anywhere.

Along with the undeniable natural beauty, the Kashmir valley has developed a reputation for adventurous activities like trekking, hiking, and river rafting. Kashmir has maintained its charm, allowing us to time-travel into beautiful destinations which make one forget about the stress and worries of life. The hikes in Kashmir offer adventurers to go on a self-discovery trip through nature's lap over the mountains while taking in the breathtaking scenery that surrounds them on their journey. In addition to the hikes, there are many thrilling adventure activities, like rock climbing, rope climbing, etc. Trekking across the region of mountains and lakes will allow you to experience living in the "Paradise on Earth," and you wouldn't want to return to your regular life after that.

The following are some of the finest hiking destinations in Kashmir:

Keep Reading Show less
Photo by Wikimedia Commons.

Pind Daan at Jagannath Ghat, Kolkata.

The Pitru Paksha starts after the Full Moon day, and this day marks the beginning of the waning phase of the Lunar cycle. This event is roughly of 15-day period, and is of great significance. From this day, rituals like Tarpan or Tarpanam and Shradh are carried out to pay respects to dead relatives and ancestors.

It is believed that from the very first day till the last day, the unhappy souls of the deceased return to the Earth to see their family members. So, in order to ensure that the dead attain Moksha, i.e. to get liberation, family members of these souls quench their thirst and satisfy their hunger by performing the Pind Daan, which includes offering food consisting of cooked rice and black sesame seeds. The literal meaning of Pind Daan is the act of satisfying those who no longer exist physically.

Keep reading... Show less