CCI Maidan to support a declining market in Rs

In recent weeks, the market price of rupee has dropped by around 3 to 5 percent. In the world market, prices have fallen by 5 to 6 percent

The country has witnessed a marked improvement in the production of cotton. Prior to this, the annual production of Bt Cotton increased by 5 lakh bales at one stage as the footprint of Bt cotton in the country increased, which is a record in terms of Indian rupee production. However, production has seen a backward trend in subsequent years. This year, the country's production is estimated at around 1 to 2 lakh bales. Last year, the figure was around 3 lakh bales. Given this, the country is showing more maturity this year. The new Rooney season starts in October.

Which expires at the end of September in the following year. When the current season of the rupee started on October 1, the last season's stock in the country was recorded at around 1 lakh bales and the new crop is showing at 1 to 2 lakh bales. Apart from this, there is a possibility of importing around 1 lakh bales of domestic rupees this year, considering the total available supply of Rs. 1 lakh bales this year in the country. In the previous year, the total annual supply was around 1 lakh bales.

Thus, the total available supply of rupees this year is estimated to be around 1 to 2 lakh bales this year. Meanwhile, in the country during the five months from October to February this year, the total new arrivals in various states of the country came to about 1 lakh bales, according to market analysts. In this five-month period, the country's imports have come to around 1 lakh bales while in this period, the consumption of rupee has increased to about 1 lakh bales. During this period, the total shipments of Rooney exports have been estimated at around 1 to 2 lakh bales. In the meantime, the stock of mills has around 1 lakh bales and the CCI, MNCs and ginners have a stock balance of about 1 lakh bales.

Meanwhile, on an annualized basis, the total exports of rupees are estimated to be around 3 lakh bales in the next five to five months, against which exports have increased to about 1 lakh bales in the last five months. The current season for Rooney will end in September. The total consumption of Rs is estimated to be around 1 lakh bales this year. The consumption is likely to be in the mills while such consumption in small units is expected to be around 1 lakh bales and non-mill consumption is likely to be around 1 lakh bales.

Considering that domestic consumption is estimated to be around 1 lakh bales annually and 1 lakh bales will go across the coast, the stockpile of stock in the country is expected to remain as high as 5 to 8 lakh bales in the country during the end of September this year. According to reports, China's deadly virus infestation has recently increased in China and other countries outside China. Since then, the export prospects of the rupee have been less than expected. House prices have recently come down to market prices. In recent weeks, the market price of rupee has dropped by around 3 to 5 percent.

In the world market, prices have fallen by 5 to 6 percent. In India, the inquiry and demand of the only bungalow country in India has recently appeared, while such purchases from other countries importing rupee from India have been uneventful. However, daily arrivals on the domestic basis of domestic currencies were also staggering as the recent highs were lower. Meanwhile, Cotton Corporation of India CCI has also been seen buying Rooney. According to market sources, CCI has so far purchased around Rs 3 lakh bales. This purchase is being maintained. In the second week of January, the world market has seen a steady downward trend since the price rise. CCI had bought around Rs 5 lakh bunnies in 2-4 bucks. About 1 lakh bales were made. Will there be more purchases this year? That question is being discussed in the market.