Market Movement from 17th Nov 2025 to 22nd Nov 2025.

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• NY Dec settled at 62.49 on 14-Nov and 61.35 on 21-Nov, posting a W/W loss of 1.14 cents. The contract had its First Notice Day today, and trading has now shifted to the next month. NY Mar closed at 64.13 on 14-Nov and 63.85 on 21-Nov, recording an W/W loss of 0.28 cents.
• U.S. Export Sales for the week ending 02-Oct-2025 showed solid activity for the 2025-2026 season, with Net Upland Sales at 1,99,000 bales and Upland Shipments at 1,57,700 bales, while Net Pima Sales totaled 8,200 bales with Pima Shipments of 7,300 bales, bringing total sales to 2,07,200 bales. For the 2026-2027 marketing year, there were no new Upland or Pima sales reported.
• The Indian physical market remains under pressure due to slow mill demand and limited buying by CCI.
• This week, the Gujcot Spot Rate remained steady at ₹51,850 on both Monday and Tuesday, edged slightly higher to ₹51,900 on Wednesday, and then softened to ₹51,650 on Thursday. Prices recovered modestly to ₹51,750 on Friday, while Saturday’s rate stood at ₹51,750, keeping the overall market within a narrow trading range with mild mid-week fluctuations.
• The local market mostly remained in the ₹51,000–52,000 range across India, while Gujarat Shankar-6 stayed steady throughout the week in the ₹51,700–51,800 range.
• CCI is currently procuring only the best-quality kapas.
• The sharp depreciation in the currency has narrowed the basis. The Indian basis with NY March is now below the Cotlook Index, making imported cotton more expensive than domestic. Currently, the market is receiving mostly rain-affected kapas, which is putting pressure on domestic prices.
• During this week, the Indian basis remained between 12.07 and 12.59.
• This week, the USD-INR exchange rate showed mixed movement with a gradual upward bias. The rate opened at 88.63 on Monday and softened slightly to 88.61 on Tuesday and 88.59 on Wednesday. However, renewed dollar strength pushed the rate higher to 88.70 on Thursday, followed by a sharp jump to 89.48 on Friday, marking the week’s highest level.
• Let’s hope for the best.