Market Movement from 29th Dec 2025 to 03rd Jan 2026.

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• There was no significant volatility in NY futures during the festival week.
• NY March cotton futures edged lower over the week, easing from 64.49 cents on 26 December to 64.01 cents on 02 January, registering a week-on-week loss of 0.48 cents.
• U.S. cotton export sales for the week ending 18 December 2025 showed solid demand for the 2025–26 marketing year, with net upland sales of 182,700 bales and shipments of 146,900 bales, indicating healthy execution alongside new business. Net Pima sales stood at 9,100 bales with shipments of 7,200 bales, bringing total sales for the current season to 191,800 bales. In contrast, forward activity for the 2026–27 season remained subdued, with marginal net upland sales of 900 bales and no Pima sales reported, resulting in total sales of just 900 bales, reflecting cautious forward buying at this stage.
• The Gujcot spot rate showed a steady to marginally firm trend, opening at ₹53,800 on Monday and strengthening to ₹53,900 on Tuesday, where it remained unchanged through Wednesday and Thursday, reflecting balanced buying interest and limited selling pressure. On Friday, the spot rate edged up further to ₹54,000, supported by stable demand and a firm undertone in the domestic cotton market, while the rate on Saturday was reported at ₹54,100.
• In India, CCI procurement is in full swing, as the final date for registration has been extended until January 16. So far, CCI procurement has crossed 65 lakh bales.
• In India, CCI remains the main buyer at higher price levels, which has limited private pressing activity. This situation has resulted in a steady upward tone in the market. The Gujarat spot rate for Shankar-6 cotton has crossed ₹54,000 and continues to remain firm.
• Private trade activity remained limited, which kept prices firm. But higher cottonseed prices and firm physical cotton rates have now enabled ginners to break even at levels close to the CCI price.
• With the duty-free import window now closed, merchants have increased their selling prices for imported cotton.
• Indian mills currently have sufficient inventory as well as order coverage, allowing them to operate smoothly. However, the closure of the duty-free import window and firmer cotton prices are creating a more challenging environment. Mills are now waiting for clarity on CCI’s sales policy.
• During this week, the Indian basis remained between 11.92 and 12.49.
• This week, the USD–INR exchange rate showed mild volatility with a slightly weaker rupee trend toward the end of the week; the rate opened at 89.97 on Monday, eased to 89.79 on Tuesday, inched up to 89.87 on Wednesday, firmed further to 89.96 on Thursday, and finally closed higher at 90.20 on Friday.
• From the beginning of the New Year 2026, may happiness and prosperity be bestowed upon all stakeholders.
• Let’s hope for the best.