Market Movement from 20th Jan 2025 to 25th Jan 2025.

•  
• The NY futures remained unchanged during the week. Robust export sales and President Trump's comments urging China not to impose heavy tariffs were positive factors. However, sluggish demand failed to respond to these positive developments, resulting in the week ending with only a marginal gain of 1 point week-over-week (W/W).
• Export sales and shipments remain robust, despite the absence of China, the main buyer, in the sales figures.
• In the latest U. S. Export Sales Report for the week ending 16-Jan-2025, For the 2024-2025 marketing year, U.S. cotton export sales totaled 3,55,200 bales, including net upland sales of 3,49,000 bales and net Pima sales of 6,200 bales. Shipments during the week amounted to 2,22,600 upland bales and 3,300 Pima bales. For the 2025-2026 marketing year, forward sales reached 79,800 bales, comprising only upland cotton, as no Pima sales were recorded. The report reflects robust activity for the current marketing year and modest early commitments for the next.
• The Gujcot Spot Rate displayed minor fluctuations. Starting at 53,550 on Monday, it slightly increased to 53,600 on Tuesday before dropping to 53,500 on Wednesday. The rate continued to decline to 53,350 on Thursday but recovered marginally to 53,400 on Friday. On Saturday, the rate was 53,450, reflecting overall stable market activity with limited volatility.
• The Indian physical market is experiencing downward pressure due to a significant influx of supply and limited buying activity from mills. Mills are well-stocked at current rates and are not in urgent need of purchasing.
• A weaker rupee has boosted export orders for yarn, resulting in mills operating at full capacity today. However, domestic payments remain an issue, leading to sluggish mill buying in the local market.
• The Indian basis remains within the range of 11.24 to 11.91.
• This week, the USD-INR exchange rate showed slight fluctuations, starting at 86.57 on Monday and marginally increasing to 86.58 on Tuesday. On Wednesday, the rate dropped to 86.32, followed by a minor recovery to 86.46 on Thursday. By Friday, the rate declined further to 86.20, marking the lowest point of the week. Overall, the week exhibited a downward trend in the exchange rate, reflecting a modest depreciation of the USD against the INR.
• Wishing a very Happy Republic Day to all our cotton friends across India and around the globe!
• Hope for best