Market Movement from 01st Sep 2025 to 06th Sep 2025.
NY December showed little movement during the week, remaining stuck in a tight range, but ultimately closed in the red with a week-over-week loss of 51 points.
Export sales and shipments improved as India emerged as a major buyer, second only to Vietnam.
In the latest U. S. Export Sales Report for the week ending 28-Aug-2025, U.S. export sales report showed total net sales of 2,46,400 bales for the 2025-26 season, comprising 2,44,900 bales of upland cotton and 1,500 bales of Pima. Shipments during the week stood at 1,54,700 bales of upland and 4,400 bales of Pima. No new sales were reported for the 2026-27 marketing year.
This week, Gujcot Spot Rate remained steady at ₹55,100 on Monday and Tuesday, eased slightly to ₹54,950 on Wednesday, slipped further to ₹54,850 on Thursday, recovered marginally to ₹54,950 on Friday, and ₹54,950 on Saturday, reflecting a week of limited movement with overall downward bias in the domestic cotton market.
The Indian physical market remained in a tight range of 54,800–55,100. With bulk discounts and lower prices, CCI offloaded nearly 4.5 lakh bales during the week.
Indian mills are currently benefiting from duty-free imports and bulk discounts offered by CCI. For immediate requirements, they are purchasing from CCI, while for long-term needs, they are booking imports. Overall, this is a favorable time for mills. The Government of India is supporting mills and the value chain through these measures to help offset the impact of U.S. tariffs.
In North India, the recent heavy rains have caused some damage to the ready crop, which is expected to delay arrivals and reduce the overall crop prospects. In Central India, the crop is currently doing well, but the forecast of heavy rainfall in the coming week will need to be closely monitored to assess potential damage.
All-India cotton sowing has reached 108.77 lakh hectares, with Gujarat contributing 20.80 lakh hectares.
During this week, the Indian basis remained between 13.15 and 13.67.
This week, the rupee depreciated beyond 88 per dollar, with the USD-INR exchange rate showing limited volatility and a slight upward bias. The rate opened at 88.19 on Monday, eased to 88.16 on Tuesday, and further to 88.07 on Wednesday, marking the week’s lowest level. However, it recovered to 88.14 on Thursday and closed higher at 88.27 on Friday, indicating mild strengthening of the dollar against the rupee by the week’s end.
Hope for best
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PCCA Cotton Market Weekly 22-Sep-2025
The Week Ahead
• Unpredictable. Interesting. Pick your adjective to describe the data flow this
