Gujcot Weekly Report
Posted : May 10, 2021

Market Movement from 21st Dec 2020 to 26th Dec 2020

  • Due Christmas holidays, this week was short in terms of trading days. Market crashed on Monday due to lockdown news and more spread of Covid-19 cases in Europe and also increasing numbers in USA in line with other markets. But finally recovered majority of the loss and closed the week with 96 points loss.
  • US export sales report was published on Wednesday showing one more weekly sale of 4 Lakh plus bales and also good shipment pace which helped future market to recover from Monday’s losses.
  • Soft dollar also supported market
  • Indian physical market also followed NY and week start with some down trend but after NY recovered on Wednesday Indian market recovered early losses.
  • CCI has procured over 67 lakh bales till date.
  • During this week sales of CCI was negligible.
  • All India daily arrivals remained between 2,70,000 to 3,00,000 bales a day.
  • Daily arrival in Gujarat was nearly 55,000 to 60,000 bales a day.
  • Gujcot spot rate remained between 41,850 to 42,200 during this week.
  • Indian rupee remained stable between 73.54 to 73.84 against USD.



Latest News
Jernigan Global Weekly 10-May-2021
  • 1. STAGE SET FOR RENEWED SURGE IN EUROPEAN APPAREL DEMAND WHICH SOURCING ORIGINS WILL BENEFIT? 2
Gujcot Weekly Report
  • Market Movement from 03rd May 2021 to 08th May 2021 • NY Future market remained steady during t
PCCA Cotton Market Weekly
  • MAY 7, 2021 JULY FUTURES BREAK OUT OF DOLDRUMS • Treasury Secretary Comments Whipsawed Marke