Market Movement from 17th Feb 2025 to 22nd Feb 2025.

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• The NY March futures closed in the red. Despite strong export sales and shipments, the market did not react positively. A technical selloff occurred due to higher on-call purchases, leading NY March to end the week with a loss of 108 points week-over-week.
• U. S. Export Sales and shipments reach the highest level of the marketing year.
• In the latest U. S. Export Sales Report for the week ending 13-Feb-2025, total U.S. cotton export sales reached 3,29,900 bales for the 2024-2025 marketing year, with net upland sales of 3,12,500 bales and net Pima sales of 17,400 bales. Shipments for the same period included 2,98,300 upland bales and 6,500 Pima bales. For the 2025-2026 marketing year, net upland sales were recorded at 34,300 bales, while net Pima sales stood at 1,000 bales, bringing total forward sales to 35,300 bales.
• The Gujcot Spot Rate started at 53,550 on Monday, rising to 53,800 on Tuesday and 53,950 on Wednesday before slightly dipping to 53,750 on Thursday. The downward trend continued with the rate settling at 53,600 on Friday. On Saturday, the rate stood at 53,450. Overall, the market showed minor fluctuations throughout the week.
• The total cotton arrivals across India have declined to approximately 1,20,000 bales per day. The major arrivals are concentrated in Maharashtra and Gujarat.
• CCI has resumed purchases, so there may be some increase in arrivals next week.
• The Indian physical cotton rate remained stable, with limited activity from both ginners and spinners.
• The rupee remained stable, while the Indian basis ranged between 11.41 and 13.14.
• Indian spinners have received good orders until March and have fully covered their cotton requirements. However, since Indian cotton is more expensive than its competitors, this level of buying may not be sustainable in the long run. As a result, mills are adopting a cautious approach to their purchases.
• The overall market remained within a narrow range and remained stable.
• This week, the USD-INR exchange rate showed slight fluctuations. It started at 86.88 on Monday, increased to 86.95 on Tuesday and remained steady on Wednesday. However, the rate declined to 86.66 on Thursday before slightly recovering to 86.71 on Friday. Overall, the exchange rate exhibited minor volatility, with a peak at 86.95 and a low at 86.66 during the week.
• Hope for best