Gujcot Trade Assocation

GUJCOT WEEKLY REPORT 21-JUN-2025

Posted : July 12, 2025

Market Movement from 16th Jun 2025 to 21st Jun 2025.

NY July futures remained under pressure this week, closing lower as bearish macroeconomic sentiment outweighed supportive fundamentals. July settled at 65.36 cents on 13th June and declined to 64.04 cents on 20th June, registering a week-over-week loss of 1.32 cents. Now December will be the lead month, and it closed the week with a loss of 114 points W/W.
In the latest U. S. Export Sales Report for the week ending 12-Jun-2025, U.S. export sales showed a strong performance, with total net sales of 81,300 bales for the 2024-2025 season, consisting of 83,200 bales of upland cotton and a net reduction of 1,900 bales of Pima. Upland shipments stood at 2,04,700 bales, while Pima shipments were 3,000 bales. Looking ahead to the 2025-2026 season, net upland sales surged to 2,74,900 bales along with 6,500 bales of Pima, bringing total forward sales to 2,81,400 bales — indicating robust demand for the new crop.
This week, Gujcot Spot Rate showed a mildly firm trend. It opened at ₹53,850 on Monday, rose to ₹54,050 on Tuesday, and further increased to ₹54,150 on both Wednesday and Thursday. However, a slight correction was seen on Friday as the rate eased to ₹54,000, and on Saturday it stood at ₹53,950.
All-India cotton arrivals averaged around 20,000 bales per day. The higher cottonseed prices supported kapas rates, allowing the remaining farmers to secure better prices for their produce.
CCI has further reduced the price by ₹500 per candy but is still unable to offload a large quantity. Major mills are already covered with sufficient inventory. Therefore, CCI needs to identify and target a larger number of small buyers. To attract these small units, CCI should introduce a new policy tailored to suit their requirements.
Due to the ongoing war situation and adverse macroeconomic factors, mills are struggling to find buyers in international markets. Additionally, Indian yarn prices remain comparatively higher, further impacting export demand.
All-India cotton sowing has reached 23.827 lakh hectares, while cotton sowing in Gujarat stands at 1.877 lakh hectares.
During this week, the Indian basis remained between 14.37 and 15.51.
During the week, the USD-INR exchange rate showed a steady upward trend. It opened at 86.06 on Monday and gradually increased each day, reaching 86.24 on Tuesday, 86.48 on Wednesday, and 86.72 on Thursday before slightly easing to 86.58 on Friday. Overall, the rupee weakened against the dollar through the week.
Hope for best