Market Movement from 10th Feb 2025 to 15th Feb 2025.

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• This week's main event was the WASDE report, which turned out to be fairly neutral. Export and shipment data were decent, while the U.S. tariff announcement also made headlines. Overall, the market appears to have found a bottom around the 66 cents level. By the end of the week, the market closed in the green, with NY March gaining 148 points week-over-week.
• In the latest WASDE report, U.S. ending stocks increased by 1,00,000 bales due to a decline in domestic use. Globally, consumption rose by 60,000 bales; however, ending stocks increased by approximately 5,00,000 bales. Overall, the WASDE report appears neutral.
• Export sales and shipments have both improved.
• In the latest U. S. Export Sales Report for the week ending 06-Feb-2025, U.S. cotton export sales remained strong, with net upland sales for the 2024-2025 season reaching 2,44,700 bales and shipments totaling 2,60,900 bales. Net Pima sales stood at 4,000 bales, with shipments of 1,100 bales. In total, combined sales for the current marketing year amounted to 2,48,700 bales. Additionally, for the 2025-2026 season, net upland sales were recorded at 19,100 bales, while no new Pima sales were reported.
• The Gujcot Spot Rate started at 53,050 on Monday and showed a steady upward trend throughout the week. It increased to 53,250 on Tuesday, 53,500 on Wednesday, 53,600 on Thursday, and reached 53,650 on Friday. On Saturday, the rate stood at 53,650. The market maintained a firm tone, reflecting consistent demand and price stability.
• The all-India cotton arrivals have now decreased and are averaging around 1,25,000 bales per day. Of this total, the Cotton Corporation of India (CCI) has procured approximately 40%.
• The Indian physical market is gaining momentum, supported by positive trends in the futures market and slow arrivals. This week, demand improved while supply remained limited, leading to an upward movement in the market.
• During this week, the Indian basis remained between 10.82 cents per lbs and 11.84 cents per lbs.
• Indian rupee gained some strength against USD during the week.
• This week, the USD-INR exchange rate showed slight fluctuations. It started at 87.47 on Monday, then declined to 86.83 on Tuesday. On Wednesday, it saw a marginal increase to 86.89, followed by a slight rise to 86.90 on Thursday. By Friday, the rate dipped again to 86.82, marking a relatively stable yet slightly downward trend over the week.
• Hope for best