Gujcot Trade Assocation

News & Reports

Cotton Indices and Spot Rate As on 25-Jan-2021

ICE Cotton Update 25-Jan-2021

ICE Cotton futures rise on strong demand, track grains market

Cotton prices rose on Monday as gains in the grains market and overall robust demand for the natural fiber overshadowed a strong U.S. dollar.

The cotton contract for March was up 0.48 cent, or 0.6%, to 82.04 cents per lb at 12:53 p.m. EST (1753 GMT).

MSP Procurement 24-Jan-2021

Procurement operations of seed cotton (Kapas) under MSP are going on smoothly in the States of Punjab, Haryana, Rajasthan, Madhya Pradesh, Maharashtra, Gujarat, Telangana, Andhra Pradesh, Odisha and Karnataka. Till 24.01.2021 a quantity of 87,96,717 cotton bales valuing Rs.25,691.35 Crore has been procured benefitting 18,02,025 farmers.

DTN Cotton Close 25-Jan-2021

Cotton Ends Higher

Cotton Ends Higher With Most Commodities

Recovery rallies in the grains and energies allowed the cotton market to stay positive all day. However, cotton is mainly being supported by its own supply-demand situation, which traders believe to be bullish. Still, having outside positive market action is never negative.

Gujcot Weekly Report

Market Movement from 18th Jan 2021 to 23th Jan 2021

• This week started with bullish trend due to weaker U.S. dollar. With new uptrend NY March crossed contract high of 83 cents. On Friday market lost around one cent with selloff in grain markets. ICE March future closed at 81.56 cent with 86 points weekly gain.

• Again U.S. Export Sales was decent above 3 lakh bales. Despite cancellation of 31,000 bales from China demand accrued from other destinations. Shipment also was good with China leading.