Market Movement from 01st Mar 2021 to 06th Mar 2021
Another bear dominated week on NY future market. After last week’s liquidation, market recovered a bit on Monday but recovery did not sustain and the week ended in red.
NY May lost 107 points and NY July lost 104 points during this week.
U.S. Export Sales was lower with some cancellation but shipment was good. Cumulative export sales stand at 1,42,86,255 RB out of that 85,63,978 RB already shipped.
Next WASDE report on next Tuesday will guide the market.
Indian physical market did not follow NY Future market. Despite huge decline in NY future Indian physical market slightly lowered.
CCI cotton sale was poor but Indian ginners and farmer were firm to sale.
All Indian arrivals remained nearly One lakh bales a day.
Gujarat arrivals remained between 30,000 to 35,000 bales a day.
Indian rupee remained stable between 72.71 to 73.54 against USD.
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Gujcot Weekly Report
Market Movement from 12th Apr 2021 to 17th Apr 2021
• After weak opening of NY Futures on Monda