Gujcot Trade Assocation

Gujcot Third Quarterly Rate Movement Report - 2024-25

Posted : July 01, 2025

Dear All Cotton Friends,

In our mission to give Daily Spot Rate Team Gujcot is getting valuable support from Gujcot broker’s panel. We appreciated their humble service to the trade. Gujcot Team is giving daily closing of Indian and foreign futures rates.

In this report we have provided Following Rates during the month.

Daily Physical Spot Rate

MCX Cotton Daily Closing Rate

USD-INR Exchange Rate Closing

Cotlook Index

ICE Future Closing

NCDEX Kapas Rate

MCX Future Closing

NCDEX and MCX converted into Rs. Candy Rate

We hope it will be useful to all the stake holders of Textile Value Chain.

NY May Futures experienced a sharp decline in early April following the announcement of tariffs but gradually recovered and expired within the range of 66 to 67 cents per lb. NY July, the final month for the old crop, remained stuck in a narrow range between 65 to 69 cents throughout the quarter. Tariff concerns and ongoing war conflicts contributed to weak demand, keeping prices constrained.
Farmers and commercial traders held significant on-call purchase positions. Due to a lack of favorable exit opportunities, most of these positions were rolled over to the December new crop contract. By the end of June, December futures began to show signs of consolidation.
NASS projected U.S. cotton sowing area at 10.2 million acres.
With U.S. export sales and shipments performing well, the USDA raised its export target to 11.5 million bales, which now appears achievable.
In India, the physical market showed strength in April, but persistent selling pressure from CCI kept prices in a narrow range of ₹53,800 to ₹54,200 during May and June. However, market sentiment improved in the last week of June following the end of the Iran-Israel conflict, leading to strong CCI sales of 21 lakh bales sold in just six auctions. This uplift in sentiment was also reflected in the Indian physical market, which started moving upward.
The monsoon arrived early on May 25, and timely rains across the country supported an early start to kharif sowing. By the end of June, Gujarat had sown 13.99 lakh hectares of cotton, while all-India sowing reached 50.214 lakh hectares.
The Indian cotton basis remained between 1,350 to 1,550 points during the quarter. After the expiry of July contracts, the basis narrowed to 1,150–1,200 points due to comparison with the new crop.
In the currency market, the Indian Rupee traded mostly in the 85–86 range against the U.S. Dollar.
Let's hope for the best.