Market Movement from 19th Jan 2026 to 24th Jan 2026.

• During the week, export sales recorded the highest level of the year; however, ongoing uncertainty in the global macroeconomic environment led the market to overlook this positive factor. As a result, NY March futures closed in the red, posting a week-on-week loss of 85 points.
• In the latest U. S. Export Sales Report for the week ending 15 January 2025, U.S. cotton export sales showed healthy activity for the 2025–26 season, with net upland sales of 4,12,500 bales and upland shipments of 1,87,800 bales, while Pima cotton recorded net sales of 16,400 bales and shipments of 10,000 bales, taking total sales to 4,28,900 bales for the season. For the 2026–27 season, export interest remained modest, with net upland sales of 25,900 bales, no Pima sales, and total sales of 25,900 bales, reflecting early-stage forward buying amid cautious global market sentiment.
• During the week, the Gujcot spot market remained largely range-bound with minor fluctuations. The Gujcot Spot Rate opened on Monday at ₹55,550, eased to ₹55,450 on Tuesday, recovered slightly to ₹55,500 on Wednesday, remained steady at ₹55,500 on Thursday, softened again to ₹55,450 on Friday, and closed on Saturday at ₹55,350. Overall, the market reflected cautious sentiment with limited buying interest and no major directional trigger during the week.
• Indian physical cotton market remained steady to slightly down as CCI has started selling stocks, increasing liquidity in the market. NY futures failed to provide upward support. Shankar-6 cotton prices are currently hovering around ₹55,500 per candy.
• CCI received a good response during the first two days of its sales; however, buying interest cooled off thereafter. During the week, CCI sold approximately 3.42 lakh bales.
• Despite the weaker Indian rupee and some softness in domestic physical prices, the Indian basis remains under pressure, as weaker NY futures are not providing any meaningful advantage from the currency depreciation.
• During this week, the Indian basis remained between 12.91 and 13.41.
• This week, the USD-INR exchange rate showed a clear upward trend, indicating continued weakness in the rupee against the dollar. The week began on Monday at 90.91 and edged slightly higher to 90.97 on Tuesday, before witnessing a sharp rise on Wednesday to 91.69. Although there was a marginal correction on Thursday to 91.63, the dollar strengthened again to close the week at 91.94 on Friday, reflecting sustained buying interest in the USD and persistent pressure on the INR throughout the week.
• “Hope for the best.”