Market Movement from 20th Apr 2026 to 25th Apr 2026.

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• After several consecutive weeks of upward momentum, the market rally has paused, with this week closing slightly in the red, nearly unchanged overall. The front-month contract has now shifted to July, and NY July futures ended the week with a loss of 46 points on a week-on-week basis.
• U. S. Export Sales remained weak; however, total shipments are still above 3 lakh bales.
• In the latest U. S. Export Sales Report for the week ending 09-Apr2026, U.S. cotton export activity showed a mixed trend, with stronger shipments compared to sales. Total net sales for the 2025–2026 marketing year stood at 156,101 bales, comprising 119,947 bales of upland cotton and 36,154 bales of Pima cotton. Weekly shipments remained robust at 296,379 bales for upland and 4,511 bales for Pima, indicating continued strong export demand and execution of previously booked orders. For the 2026–2027 marketing year, total net sales were relatively modest at 61,443 bales, including 57,078 bales of upland and 4,365 bales of Pima, reflecting cautious forward buying interest amid prevailing market uncertainties. Overall, the report highlights solid shipment performance but comparatively lower fresh buying, suggesting a wait-and-watch approach from global buyers.
• During the week, the Gujcot spot rate showed limited volatility with a largely steady trend. The market opened on Monday at 61,000 and witnessed a slight dip on Tuesday to 60,900. Prices then improved on Wednesday to 61,250 and remained unchanged on Thursday. Towards the end of the week, the market softened marginally, closing at 61,150 on both Friday and Saturday, indicating a stable tone with minor fluctuations throughout the week.
• The Indian physical market remains firm, with arrivals slowing down significantly. As a result, there is no supply pressure in the market.
• Although mills are already well covered, they are purchasing additional quantities due to strong support in the yarn market.
• The rupee depreciated again and touched near 94; however, due to the decline in NY futures, the basis has strengthened slightly.
• During this week, the Indian basis remained between 2.22 and 4.65.
• The USD/INR exchange rate showed a steady weakening trend for the Indian Rupee throughout the week, moving higher from 93.13 on Monday to 93.50 on Tuesday and further to 93.80 on Wednesday. The depreciation accelerated in the latter half of the week, with the rate rising to 94.11 on Thursday and closing at 94.25 on Friday. Overall, the Rupee remained under consistent pressure, ending the week notably weaker against the US Dollar.
• Let’s hope for the best.