Market Movement from 28th Sep 2020 to 03rd Oct 2020
NY December close as near to un change W/W. It was cross 66 for some time and go below to 65 for some time but close whole week in very tight range between 65.26 to 65.92.
U.S. Export Sales was decent and now turkey was main buyer of us cotton.it will show positive sign.
Next week's WASDE will give new direction to market.
In India CCI starts new procurement in north. But yet farmers not able to approve kapas in moisture. CCI daily put auction of old crop but not finding big buyer.
New crop arrivals gradually started in M.P, Maharashtra, Gujarat and North. Mills has lot of options to buy. CCI 2018/19 and 2019/20, reseller of CCI cotton ,old kapash new pressing and new crop.
Gujcot new crop rate are in shorter range near 36,800.
Gujarat Cotton Sowing area reached 22,79,200 Hectares as on 28th September against last year’s 26,66,800 hectares at the same time.
Indian rupee remained stable between 73.14 to 73.85 against USD compared to last week.
Latest News
Gujcot Weekly Report
Market Movement from 12th Apr 2021 to 17th Apr 2021
• After weak opening of NY Futures on Monda