Market Movement from 03rd Nov 2025 to 08th Nov 2025.
NY Futures remained under pressure due to rollovers and on-call fixations, while lower global demand added additional pressure. As a result, NY Futures closed in the red for the second consecutive session, hovering near their contract low in the high 63-cent range.
NY Dec closed at 65.54 cents on 31-Oct and 63.62 cents on 07-Nov, recording a week-over-week loss of 1.92 cents.
This week Gujcot Spot Rate remained under pressure throughout the week. The rate was 52,950 on Monday, 52,900 on Tuesday, 52,800 on Wednesday, 52,600 on Thursday, 52,400 on Friday, and 52,200 on Saturday, showing a consistent downward trend during the week.
After receiving good sunshine, farmers have resumed harvesting. However, due to the earlier wet conditions, a large quantity of Kapas has arrived in the market at once, putting pressure on prices.
The Indian physical cotton market is currently in a downward trend, with Shankar-6 benchmark prices now at their lowest level in the last two seasons, ranging between ₹52,000 and ₹52,300.
C.C.I. has resumed procurement, but the quantity is very negligible as most of the market arrivals do not meet the procurement quality standards.
During this week, the Indian basis remained between 10.39 and 11.77.
This week, the USD-INR exchange rate showed limited movement and remained relatively stable throughout the week. The rate opened at 88.78 on Monday, slightly eased to 88.66 on Tuesday and Wednesday, continued steady at 88.61 on Thursday, and closed unchanged at 88.66 on Friday. Overall, the rupee traded in a narrow range, reflecting a balanced trend between domestic and global market factors.
From next week, we may see higher arrivals and increased procurement by C.C.I.
Let’s hope for the best.
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PCCA Cotton Market Weekly 03-Nov-2025
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