Market Movement from 24th Nov 2025 to 29th Nov 2025.

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• NY Mar futures closed at 64.71 cents on 28-Nov, up 0.86 cents week-on-week from 63.85 cents on 21-Nov, but down 2.02 cents month-on-month from 66.73 cents on 31-Oct.
• For the week ending 16 October 2025, U.S. export sales for the 2025–26 season reported strong activity, with Net Upland sales at 1,75,600 bales, Upland shipments at 1,59,600 bales, Net Pima sales at 5,000 bales, and Pima shipments at 5,100 bales, taking the total sales to 1,80,600 bales; meanwhile, for the 2026–27 season, Net Upland sales stood at 26,800 bales, with no Pima sales reported, resulting in a total of 26,800 bales for the new crop year.
• This week, the Gujcot Spot Rate showed a steady upward trend, opening at ₹51,800 on Monday, inching up to ₹51,850 on Tuesday, strengthening further to ₹51,950 on Wednesday, rising to ₹52,000 on Thursday, advancing to ₹52,100 on Friday, and standing at ₹52,100 on Saturday.
• The Indian physical cotton market remains steady to firm, as the Cotton Corporation of India (CCI) is now absorbing nearly half of the arrivals. However, slow demand, fast arrivals, and the lower quality of incoming cotton have kept prices from moving higher. At the same time, MSP procurement continues to provide support to the market. As a result, prices remain stuck within a steady trading range.
• Indian cotton basis is currently stable in the range of 900–1,000 points on the NY March contract, while domestic prices are trading close to the Cotlook Index. As a result, Indian cotton is now broadly at par with its import parity level.
• During this week, the Indian basis remained between 9.57 and 10.06.
• During the week, the USD-INR exchange rate showed a gradual upward trend, opening at 89.21 on Monday, edging slightly higher to 89.22 on Tuesday, strengthening further to 89.27 on Wednesday, rising to 89.31 on Thursday, and closing the week firmer at 89.46 on Friday, indicating steady depreciation pressure on the rupee through the week.
• Let’s hope for the best.