Market Movement from 16th Mar 2026 to 21th Mar 2026.
• Wishing all our stakeholders a very happy, prosperous, and healthy Hindu New Year.
• NY futures rose sharply on Wednesday following the announcement of a 3 lakh tonne import quota from China, firm MMF prices, the “Buy American Cotton Act,” and key technical price breakouts that triggered short covering and fresh buying interest.
Markets will be closely watching developments in the Middle East this week, with attention also turning to Wednesday’s Federal Reserve policy decision.
Market Movement from 09th Mar 2026 to 14th Mar 2026.
• A neutral WASDE report, decent export sales and shipments, and rising M.M.F. prices supported the sentiment in NY futures. Cotton Futures (NY May) increased from 64.20 cents on 06-Mar to 65.85 cents on 13-Mar, registering a week-on-week gain of 1.65 cents.
There are no changes to the 2025/26 U.S. cotton balance sheet or to prices this month.
For the 2025/26 world cotton balance sheet, the global production forecast is raised over 1.1 million bales because of higher production in Brazil (larger area) and China (higher yield), partially offset by lower production in Argentina (reduced area).