Market Movement from 14th Jul 2025 to 19th Jul 2025.
Supported by strong job data and a firm tone in the outside markets, NY futures crossed 69 cents but failed to break the psychological barrier of 70 cents. However, poor export sales pulled the market back into the current range. Despite this, NY December futures still managed to close the week with a gain of 126 points W/W.
Export sales and shipments were both poor; however, shipments are still on track to meet the required pace to achieve the target.
In the latest U. S. Export Sales Report for the week ending 10-Jul-2025, were modest for the current 2024-2025 season, with net upland sales of 5,500 bales and shipments of 1,56,400 bales, while Pima sales stood at 2,600 bales with shipments of 7,900 bales, bringing total sales to 8,100 bales. For the upcoming 2025-2026 season, net upland sales were significantly higher at 73,000 bales and Pima sales at 3,400 bales, resulting in total forward sales of 76,400 bales, indicating better booking activity for the new crop year.
The Gujcot Spot Rate showed a steady upward trend in the first half, starting at ₹57,250 on Monday, ₹57,450 on Tuesday, and ₹57,800 on Wednesday. The rate remained unchanged on Thursday at ₹57,800, then slightly declined to ₹57,650 on Friday. On Saturday, the rate was ₹57,650.
The Indian physical market remains firm but now appears to be steady and settling at the current price level. In the last two auctions, CCI was unable to attract large quantity buyers. Some profit booking also emerged in the market, indicating that prices are likely stabilizing at this level.
All-India cotton sowing has reached approximately 95.344 lakh hectares, with Gujarat contributing 18.566 lakh hectares.
Indian basis is now near 17 and is considered too high compared to new offers from abroad. As a result, some mills now prefer to purchase imported cotton for their September requirements.
During this week, the Indian basis remained between 16.67 and 17.23.
This week, the USD-INR exchange rate showed a slightly upward trend. It opened at 85.98 on Monday, eased to 85.81 on Tuesday, then recovered to 85.94 on Wednesday. The rupee further weakened as the rate climbed to 86.08 on Thursday and closed the week higher at 86.15 on Friday.
Hope for best
Latest News
Cleveland on Cotton 18-Jul-2025
Uncertainty of U. S. Cotton Crop Extends Dull Market
It was a good week for cotton.
The market
