Market Movement from 22nd Sep 2025 to 27th Sep 2025.
It was a very choppy week for NY futures, with December trading stuck in a narrow 100-point range between 66 and 67 cents. On-call purchases remain high, indicating a potential bearish move, yet the market held firm at strong support near 66 cents. By the end of the week, NY December closed almost unchanged, posting only an 11-point gain W/W.
Export sales were poor, but shipments showed some improvement.
U.S. Export Sales report for the week ending September 18, 2025, showed net upland sales of 86,100 bales and upland shipments of 1,37,200 bales. Net Pima sales were reported at 8,500 bales with shipments of 5,200 bales, bringing the total sales for the 2025-26 season to 94,600 bales. For the 2026-27 season, there were no new sales or shipments reported.
This week Gujcot Spot Rate showed a steady declining trend, starting at 55,550 on Monday, slipping to 55,450 on Tuesday, further easing to 55,400 on Wednesday, and continuing its fall to 55,200 on Thursday, before reaching 55,000 on Friday, while the rate for Saturday remained 54,850.
In India, daily arrivals have crossed 30,000 bales. However, CCI has not yet started procurement, leading to kapas being sold below the MSP. Moreover, the quality is also not matching CCI’s standard norms.
The Indian physical market remained in the range of ₹53,500 to ₹54,000 per candy for good-quality cotton with slightly higher moisture. Old crop cotton was quoted in the range of ₹54,000 to ₹55,000 per candy.
All India sowing has reached 109.900 lakh hectares, out of which Gujarat contributed 20.828 lakh hectares.
Mills are mostly stocked with the old crop from CCI under the bulk discount scheme. As a result, there is limited trading in the remaining CCI stock.
With limited buying, the market is showing a downward trend.
"Huge rainfall in Maharashtra and the southern regions over the weekend has threatened standing crops. Let us pray to Mother Nature to bless our farmers."
The Indian rupee weakened to 88.72.
During this week, the Indian basis remained between 12.46 and 14.01.
This week, the USD-INR exchange rate showed moderate fluctuations, starting at 88.31 on Monday, rising to 88.75 on Tuesday, then slightly easing to 88.69 on Wednesday and 88.67 on Thursday, before inching up again to 88.72 on Friday, reflecting a generally firm trend in the dollar against the rupee.
Hope for best
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