In rupees, there are signs of increasing supply after receipts were slow at the start of the new season

- Standing Bazaar - Dilip Shah

- Although the new crop estimate is lower than earlier: March-ending impact on the yarn market is sluggish

Trends have been seen changing in the cotton market and industry sector in the country. In the previous year, the market price of the rupee had reached a record high and during that time the market price had risen to over one lakh rupees per quintal. With the record price of the rupee, cotton farmers increased their area under cultivation and farmers growing other crops were also attracted to cotton cultivation. In such a situation, there was a hope that the new crop of wool in the country would come big this year in the season of 2022-23. However, market players have been feeling confused after the new crop estimates were initially shown to be high in recent months, sources said. According to the sources of the Cotton Association of India, the estimate of this season's cotton crop has been reduced by nine lakh bales to 321.50 lakh bales, and now the crop estimate has been further reduced by 8.50 lakh bales. Due to this, it has been calculated that 313 lakh bales of new crop of rupees will come to the country now. According to Rs Bazar sources, Punjab, Haryana, Maharashtra, Telangana, Karnataka, Tamil Nadu Vs. The new rupee crop in the states is now estimated to be lower than earlier. The new Rs season 2022-23 in the country started in October 2022 and this new season started with a cash stock of 31 to 32 lakh bales of the previous season. In the first five months of the new season, from October to February, the total income of new rupees in the markets of the country has increased to about 154 to 155 lakh bales, informants are saying. Sources also said that during these five months, around 6 lakh bales of imported goods came into the country worth Rs. However, sources said that around 8 lakh bales of rupees were also exported during this period.

Meanwhile, the consumption of rupees in the country during these five months has been around 120 lakh bales. Rune stock with the mills is estimated at around 45 lakh bales at the end of February. While CCI, Maharashtra Federation, MNCs, Ginners, Traders, Exporters Vs. Such stock is estimated to be around 19 to 20 lakh bales. In the full year of 2022-23, the import of rupees in the country is likely to be 12 lakh bales, which was about 14 lakh bales in 2021-22. As recent rupee receipts in the country fell short of market expectations, estimates for the new rupee crop have been lowered. However, according to some sections of the market, farmers have seen record high rupee prices last year and due to this year's high-to-low market prices, rupee-growing farmers have recently been seen bringing in less fresh produce than expected.

However, recently the incomes of new rupees have increased in the mandis of the country and there are also indications from the market that such incomes have increased to a three-year peak in some areas. The quality of goods has also improved. The market price of rupee is seen to stabilize around Rs.60 to 62 thousand per khandi. Given that incomes have increased, will the rupee crop estimate go higher again? Such a possibility has also been discussed in the market. However, from October 2022 to March 20, the income of new rupees on a nationwide basis has been reduced by approximately 28 to 30 percent compared to this period of the previous season, informants are also saying. Meanwhile, with yarn demand being lower than expected, purchases of spinning mills in Rs have also been overall slow. Cotton Corporation of India's rupee purchases are also being watched after the end of March. Branding of Indian cotton and increasing the export of rupees by making Indian cotton known in the world market as Kasturi was also considered in the government recently.