Market Movement from 21st Jul 2025 to 26th Jul 2025.

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• This week, the market remained stuck in a tight and narrow range with no significant movement in New York futures. Slow demand and limited selling activity kept prices stagnant. NY December futures closed the week with a loss of 45 points on a week-over-week basis.
• The export shipment was on track to meet the target set by the USDA.
• U.S. export sales for the week showed weak demand for the 2024-2025 marketing year, with net upland cotton sales reporting a sharp decline of 32,700 bales. Upland shipments, however, remained strong at 1,84,800 bales. Net Pima sales were modest at 5,500 bales, with shipments totaling 5,000 bales. Overall, total net sales for the current crop year stood negative at -27,200 bales, indicating higher cancellations than new bookings. In contrast, forward sales for the 2025-2026 season were more encouraging, with net upland sales reaching 1,32,600 bales and Pima sales at 17,400 bales, bringing the total forward bookings to 1,50,000 bales.
• The Gujcot Spot Rate remained steady at ₹57,550 on both Monday and Tuesday. It saw a slight decline to ₹57,500 on Wednesday, followed by further gradual decreases to ₹57,400 on Thursday and ₹57,350 on Friday. The rate for Saturday was ₹57,300.
• The uptrend in the Indian physical cotton market has settled, leading traders to book profits, which has resulted in signs of a downward trend. However, limited supply is providing some support to the market. Overall, the market is expected to remain steady to slightly weaker during the week. Additionally, CCI did not witness significant buying activity this week, as market sentiment remained subdued.
• The monsoon has resumed well after a brief break, and the crop continues to appear healthy.
• All-India sowing has reached 100.058 lakh hectares, with Gujarat contributing 19.620 lakh hectares.
• The Indian basis is currently stable, remaining in the range of 16.02 to 16.97.
• This week, the USD-INR exchange rate demonstrated a steady upward movement. It began at 86.29 on Monday and gradually increased throughout the week, reaching 86.37 on Tuesday and 86.41 on both Wednesday and Thursday. By Friday, the rate further climbed to close at 86.52, reflecting a consistent strengthening of the US dollar against the Indian rupee during the week.
• Hope for best