Market Movement from 25th May 2026 to 30th May 2026.

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• NY July futures closed at 76.15 cents/lb on 29-May, down from 77.42 cents/lb on 22-May, registering a week-on-week loss of 1.27 cents.
• On a month-on-month basis, NY July futures declined from 82.20 cents/lb on 30-Apr to 76.15 cents/lb on 29-May, posting a loss of 6.05 cents.
• U. S. Export Sales were disappointing; however, shipment volumes remain at the required pace to meet the USDA's export target for the season.
• The latest U.S. Export Sales report for the week ending May 21, 2026, showed improved demand for U.S. cotton. For the 2025-26 marketing year, net upland cotton sales totaled 1,53,622 running bales, while net Pima sales reached 2,793 bales, taking total net sales to 1,56,415 bales. Export shipments remained strong at 3,17,706 bales of upland cotton and 7,463 bales of Pima cotton, indicating continued healthy export movement and remaining above the pace needed to meet USDA export projections. For the 2026-27 crop year, exporters booked an additional 1,12,481 bales, including 1,12,041 bales of upland cotton and 440 bales of Pima cotton, reflecting continued forward buying interest despite recent weakness in cotton futures.
• The Gujcot Spot Rate remained under pressure throughout the week, reflecting weak demand and bearish sentiment in the domestic cotton market. The rate opened at ₹64,750 per candy on Monday and declined steadily to ₹64,400 on Tuesday, ₹64,250 on Wednesday, and ₹63,750 on Thursday. The downward trend continued on Friday with the rate falling to ₹63,550 per candy. The market remained cautious due to weakness in international cotton futures, slow mill buying, and ample availability of cotton stocks. Gujcot Spot Rate on Saturday was ₹63,400 per candy, with market participants closely monitoring export demand, yarn market trends, and developments in global cotton prices.
• The Indian physical cotton market remained under significant pressure this week, following the weakness in NY cotton futures. CCI reduced its cotton selling rate by ₹2,300 per candy in an effort to stimulate demand; however, despite the sharp price reduction, buying interest remained weak and the market failed to attract sufficient buyers.
• Indian mills currently have comfortable inventory levels, and with the recent slowdown in yarn market momentum, buyers are not interested in booking beyond their immediate requirements. As a result, mills are remaining very cautious and selective in their cotton purchasing.
• During this week, the Indian basis remained between 8.21 and 9.48.
• For the week, the USD-INR exchange rate witnessed mixed movement with an overall strengthening of the Indian Rupee. The exchange rate opened at 95.23 on Monday and moved higher to 95.68 on Tuesday, remaining steady around 95.69 on both Wednesday and Thursday before declining sharply to 95.00 on Friday. On a week-on-week basis, the USD-INR pair ended lower by 0.23 points, reflecting improved Rupee sentiment toward the end of the week after trading in a relatively narrow range during most of the period.
• Let’s hope for the best.