Market Movement from 18th May 2026 to 23rd May 2026.
• During the week, the market witnessed high volatility. On the first trading day, NY July cotton futures touched a high of 84.10 cents before entering a week-long downtrend, hitting a low of 76.84 cents. Ultimately, NY July closed with a weekly loss of 319 points W/W, while NY December closed with a loss of 258 points W/W. Spread between July to December stay 191 Points December to Premium July.
Markets will look for more clarity this week after disappointing Trump-Xi meetings and heavy liquidation across commodities late last week.
• Outside markets will remain a major driver for cotton this week. Firmer inflation data, higher Treasury yields, and a stronger U.S. dollar pressured risk appetite late last week, while crude oil continues to find support and remains important for the broader commodity space and polyester economics.
Market Movement from 11th May 2026 to 16th May 2026.
• NY futures witnessed a bloodbath during the week, with extreme volatility dominating the market. Prices traded in a wide range, touching a low of 79.94 cents and a high of 88.88 cents, reflecting nearly a 9-cent fluctuation during the week.
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.