Government of India has increased the Minimum Support Price of Medium Staple Cotton from 7,710 to 8,267 and Long Staple Cotton from 8,110 to 8,667 for season 2026-27.
The first forecast of the 2026/27 U.S. cotton balance sheet shows lower production and ending stocks, and higher exports and beginning stocks compared to 2025/26, with consumption unchanged. Planted area is projected at 9.64 million acres based on the March 31 Prospective Plantings report.
Macro headlines are expected to drive the market this week, with talks involving Iran back in focus, a meeting with China on deck, and a busy slate of economic and fundamental data ahead.
Market Movement from 04th May 2026 to 09th May 2026.
• NY futures traded with huge volatility during the week. Following the news of a possible end to the conflict, crude oil prices declined sharply. However, as no concrete solution emerged, prices recovered and regained strength later in the week.
ICE Cotton Futures (July contract) opened the month near 73 cents and sustained strong upward momentum throughout the period. The key driving factor was the rise in crude oil prices amid escalating tensions between the United States and Iran, which boosted overall commodity sentiment. Supported by positive technical indicators and speculative buying, the NY July contract closed above the 82-cent mark.
.JPG "Gujarat Cotton Pressing Summary")
