Market Movement from 30th Jun 2025 to 05th Jul 2025.

•  
• The New York December cotton future closed at 68.46 cents/lb on 3rd July, down from 69.32 cents/lb on 27th June, marking a week-over-week loss of 0.86 cents. The market showed mild correction after previous gains, as traders remained cautious ahead of the U.S. holiday weekend and awaited fresh cues from global demand trends and weather developments in key growing regions.
• In the latest U. S. Export Sales Report for the week ending 26-Jun-2025, U.S. export sales reported net upland sales of 23,600 bales for the 2024-2025 season and shipments of 2,55,800 bales, indicating strong movement. Net Pima sales were slightly negative at -200 bales, while Pima shipments reached 10,900 bales. Total net sales for the current season stood at 23,400 bales. For the 2025-2026 season, new crop upland sales were robust at 1,06,600 bales, with additional net Pima sales of 6,300 bales, bringing total forward sales to 1,12,900 bales.
• The Gujcot Spot Rate showed a steady upward trend, starting at ₹54,750 on Monday and rising consistently through the week—₹55,000 on Tuesday, ₹55,200 on Wednesday, ₹55,400 on Thursday, ₹55,500 on Friday, and ₹55,500 on Saturday. The overall movement indicates firm market sentiment supported by tight supply and improved domestic demand.
• The Indian physical cotton market remained firm this week due to limited supply, with daily arrivals hovering around 15,000 bales. As a result, the Cotton Corporation of India (CCI) has become the primary source of supply. Mills continued to procure cotton from CCI to meet their requirements. Notably, at the beginning of the week, Monday's single-day auction saw a record-breaking sale of 6 lakh bales. Over the last two weeks, CCI has offloaded nearly 25 lakh bales through its auctions.
• Mills are struggling to secure export orders, but domestic demand remains strong. Due to limited supply for the remainder of the season, there is a rush to cover requirements through CCI.
• All-India cotton sowing till date has reached 70.657 lakh hectares, with Gujarat contributing 13.998 lakh hectares to the total sown area.
• During this week, the Indian basis remained between 13.31 and 14.44.
• The monsoon has progressed well across all cotton-growing states and is expected to remain favorable for the cotton crop.
• This week, the USD-INR exchange rate showed mild fluctuations with a generally stable trend. The rate opened at 85.75 on Monday, then eased to 85.52 on Tuesday. It saw a slight uptick to 85.70 on Wednesday before softening again to 85.31 on Thursday. By Friday, it settled marginally higher at 85.39, indicating a cautious and range-bound movement amid global currency market conditions.
• Hope for best