Market Movement from 14th Apr 2025 to 19th Apr 2025.

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• Due to the shortened week caused by Good Friday, New York May managed to remain slightly above last week, closing in the green. It ended the week with a gain of 43 points week-over-week.
• In the latest U. S. Export Sales Report for the week ending 10-Apr-2025, U.S. export sales of cotton showed solid activity. Net sales of Upland cotton for the 2024-2025 marketing year reached 2,02,000 bales, while shipments were notably strong at 3,28,200 bales. Net Pima sales totaled 2,400 bales, with corresponding shipments of 6,700 bales. This brings total sales for the current marketing year to 2,04,400 bales. Looking ahead to the 2025-2026 marketing year, net Upland sales stood at 65,900 bales, with no reported sales of Pima cotton, bringing total forward sales to 65,900 bales.
• Export sales and shipments are both decent and above the required pace. Commitments have now surpassed the USDA's target of 10.9 million bales. To meet the target, only an average of just over 200,000 bales per week now needs to be shipped.

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• Indian arrivals are now close to 50,000 bales per day, keeping the physical market steady to firm.
• The Gujcot Spot Rate showed minimal fluctuations, starting at ₹54,100 on Monday. It dipped slightly to ₹54,000 on both Tuesday and Wednesday, then saw a modest increase to ₹54,150 on Thursday. The rate slightly declined to ₹54,050 on Friday. Saturday’s rate was ₹54,050. Overall, the market remained largely steady throughout the week with minor day-to-day changes.
• The Indian physical market remains steady around ₹54,000 per candy.
• The Cotton Corporation of India (CCI) has been regularly offering cotton and has sold slightly less than 24 lakh bales so far.
• Mills are covering their long-term requirements from C.C.I., as C.C.I. has offered a 60-day lifting period. The sales made by C.C.I. are yet to be lifted.
• Mills have remained comfortable so far despite the high domestic prices in India. They have been able to find buyers at the current rates. However, due to certain macroeconomic factors affecting pricing, they may struggle to find buyers and maintain break-even margins in a later part of season.
• During this week, the Indian basis remained between 14.44 and 16.11.
• This week, the USD-INR exchange rate showed a consistent downward trend. It opened at 86.04 on Monday and gradually declined over the week, reaching 85.77 on Tuesday, 85.68 on Wednesday, and 85.37 on both Thursday and Friday. The rupee strengthened steadily against the US dollar, indicating a stable appreciation over the five-day period.
• Hope for best