News & Reports
USDA - Cotton and Wool Outlook
  • Global Cotton Mill Use Growth Varies by Country

    The latest U.S. Department of Agriculture (USDA) cotton projections for 2019/20 (August-July) indicate that world cotton mill use is forecast to resume its growth after a 1.3-percent decline in 2018/19. Global cotton consumption is projected at 124.3 million bales in 2019/20, 2.6 percent above 2018/19’s 121.1- million-bale estimate, as lower global cotton prices support the rebound.
Cotton Indices and Spot Rate As on 17-Jul-2019
  • Cotlook A Index 74.20 -0.75

    US Upland Spot Rate 56.39 -0.23

    Brazil Cotton Index 68.81 -1.57%

    KCA Spot Rate 8,300 Unch

    MCX Spot Rate 21,350

    China Cotton Index
    As on 18-Jul-2019

    CC Index 328 14086 -00
    CC Index 227 13103 -02
    CC Index 229 14518 -01
Rose On Cotton 14-Jul-2019
  • UGLY WEEK FOR ICE COTTON; SOME MID – SOUTH COTTON IN JEOPARDY FROM HEAVY RAINS

    It proved to be an exceptionally ugly week for ICE cotton, with the Dec contract giving up 414 points to settle at 62.68 – a life of contract low finish.  The July – Dec spread weakened to (106).
Jernigan Global Weekly 15-Jul-2019
  • HIGHLIGHTS

    1. TEXTILE AND APPAREL SOURCING FROM CHINA REACHES TIPPING POINT

    2. TEXTILE SUPLLY CHAIN BEING SQUEEZED BY US RETAILER BATTLE FOR MARKET SHARE

    3. US COTTON EXPORT SHIPMENTS SUGGEST US CARRYOUT COULD REACH 5.4 MILLION BALES

    4. TROPICAL STORM BARRY BRINGS EXCESSIVE RAINS TO US MID-SOUTH REGION

    5. INDIAN MONSOON FOLLOWS VERY ERRATIC PATTERN; SEVERAL MAJOR PROBLEM AREAS CONTINUE
Gujcot Weekly Report
  • Market Movement from 08th Jul 2019 to 13th Jul 2019

    • NY future remained bearish in trend during the week and finally week ended with 414 points loss.

    • Wednesday ICE future opened higher and finished moderately higher because Tuesday market had fallen more than 3% to three years low. Thursday day USDA issued weekly export sales data and monthly supply demand estimates report. So, on Wednesday speculators jumped in the market for short profit booking before USDA reports.
PCCA Cotton Market Weekly
  • JULY 12, 2019

    NEW SELLERS SEND COTTON FUTURES LOWER

    • WASDE Contains Bearish News
    • Other Markets Gain Ground
    • No Closer to Trade Dispute Resolution
    • What to Expect From Tropical Storm Barry
Cleveland On Cotton 12-Jul-2019
  • USDA’s world supply demand report, released this past week, provided an understanding of the demise in cotton prices for not only the past two weeks, but also all the way back to February.  Yes, the Chinese-U.S. trade tiff has played a role, but 2019 world production is expected to the be second highest on record at a time when major concerns are being expressed about world cotton demand.
Plexus Market Comments 11 July
  • So where do we go from here? 

    The market broke out of a sideways move this week and resumed its downtrend, which had its origin 13 months ago. Since reaching a top of around 96 cents in June 2018 the market has dropped 33 cents and there is still no end to this slide in sight.
USDA -World Markets and Trade
  • China cotton imports in 2019/20 are expected to surpass the previous year’s robust level, reinforcing its position
    as the world’s largest importer. The current 2018/19 estimate, boosted this month, is expected to be the largest in 5 years as China supplements domestic supplies amid ongoing auctions of State Reserve stocks. Despite this strong upward trend in imports, U.S. exports to China have weakened as Brazil, Australia, and other countries have expanded both exports and market share.
Shurley on Cotton 11-Jul-2019
  • Market Signals Increasingly Unfriendly

    Cotton prices have been under attack. The meltdown started on Monday (July 8) and continued on Tuesday—new crop Dec19 futures losing 3 ½ cents over those 2 days. Prices tried to and did recover a bit yesterday (on Wednesday) before losing more ground today. Dec futures closed today with its nose just barely above 63 cents.
U.S. EXPORT SALES
  • For Week Ending 04-07-2019

    2018-2019
    Net Upland Sales 53,400
    Upland Shipments 3,33,200
    Net Pima Sales 700
    Pima Shipments 10,800
    TOTAL SALES 54,100

    2019-2020
    Net Upland Sales 38,400
    Net Pima Sales 2,800
    TOTAL 41,200
Jernigan Global Weekly 08-Jul-2019
  • HIGHLIGHTS

    1. GLOBAL COTTON MARKET APPEARS TO BE FOCUSING ON A SUCCESSFUL CONCLUSION TO THE US/CHINA TRADE CONFLICT - BUT WHAT HAPPENS IF IT FAILS?

    2. US APPAREL IMPORT DEMAND STRONGEST IN THE WORLD; MMF IMPORTS SOAR

    3. INDIAN MONSOON EXPANDS; MSP RAISED 2% FOR 2019/2020

    4. TURKEY’S COTTON IMPORTS SOAR IN MAY; VISCOSE FIBER INCREASES MARKET SHARE

    5. HONG KONG UNREST BEGINNING TO IMPACT TEXTILE AND APPAREL TRADE
Rose On Cotton 07-Jul-2019
  • ICE COTTON POSTS MODEST GAINS ON HOLIDAY-SHORTENED WEEK, AHEAD OF JULY WASDE REPORT

    ICE cotton picked up 74 points for the week ending July 5, finishing at 66.82. The July – Dec spread weakened to (100).
    Last weekend, our proprietary model (timely prediction available in our complete weekly report) predicted a settlement that was to be near unchanged to higher Vs the previous Friday’s finish, which proved correct.
Gujcot Weekly Report
  • Market Movement from 01st Jul 2019 to 06th Jul 2019

    Week started with positive news of resumption of US-China trade dispute negotiation after Xi-Trump meeting at the G-20 summit in Osaka last weekend. NY Dec future remained higher during first 2-3 days of the week but finally settled at 66.82 cents 74 points higher from last Friday’s close.
PCCA Cotton Market Weekly
  • JULY 5, 2019

    CHINA/U.S. AGREED TO TRUCE IN TRADE DISPUTE

    • U.S. to Hold Off Implementing New Tariffs While Trade Talks Continue
    • Crop Report Shows Mixed Conditions and Slow Progress for U.S. Cotton
    • WASDE Report Focal Point in Week Ahead
Plexus Market Comments 04 July
  • So where do we go from here?

    Since speculators seem to be losing their power to force the market any lower and with growers not willing to chase values below 65 cents at this point in time, it could set the stage for some short-covering rallies. However, the trade is extremely under-hedged at just 2.34 million bales net and it would therefore take a tremendous amount of buying power to push the market through all the scale-up trade resistance.
Shurley on Cotton 01-Jul-2019
  • 2019 Acreage, Production Will Remain a Mystery

    Last season, US farmers planted 14.1 million acres of cotton. Back in March, USDA’s Prospective Plantings report estimated that farmers intended to plant 13.78 million acres this year—2.3% less than last year.
Jernigan Global Weekly 01-Jul-2019
  • HIGHLIGHTS

    1. US COTTON EXPORT CRISIS AS 2019/2020 SEASON BEGINS DUE TO LACK OF INVESTMENT IN REGIONAL SUPPLY CHAIN

    2. MERCHANTS DISCOUNT 2018 CROP’S REMAINING US STOCKS AS SEASON DRAWS TO A CLOSE

    3. UNSOLD QINGDAO CHINESE PORT STOCKS AT RECORD LEVELS

    4. INDIAN MONSOON EXPANDS ACREAGE LEVELS IN DOUBT

    5. AUSTRALIAN NORTHERN TERRITORY HARVEST BEGINS; IS THIS THE NEXT COTTON BELT?
Monthly Rate Movement Report – Jun 2019
  • Monthly Rate Movement Report – Jun 2019

    • Daily Physical Spot Rate
    • MCX Cotton Daily Closing Rate
    • USD-INR Exchange Rate Closing
    • Cotlook Index
    • ICE Future Closing
    • NCDEX Kapas Rate
    • MCX Future Closing
    • NCDEX and MCX converted into Rs. Candy Rate
Rose On Cotton 30-Jun-2019
  • ICE COTTON REMAINS RANGE – BOUND, TRUMP – XI (AND TRUMP – KIM) MEETING ENDS ON POSITIVE NOTE

    ICE cotton continued to consolidate for the week ending July 28, with the Dec contract posting a modest gain of 52 points; Dec gave up 99 points for the month of June.  The July – Dec spread weakened to (61) but remains well below full carry.
Gujcot Weekly Report
  • Market Movement from 24th Jun 2019 to 29th Jun 2019

    • NY future was without any direction, stayed in a small range and closed 52 points higher week on week. NY futures gave short lived knee jerk reaction to some rumours / false news but could not sustain it.
INDIA Cotton and Products Update
  • Highlight

    FAS Post estimates India’s marketing year (MY) 2019/20 cotton production at 29.3 million 480 lb. bales (37.5 million 170-kilogram bales/6.4 MMT) with a planting area of 12.5 million hectares. Planted area for Kharif 2019 season in Northern India is 18 percent higher than last year, prompted by high domestic seed cotton prices.
PCCA Cotton Market Weekly
  • JUNE 28, 2019

    REPORTS RELEASED, FUTURES FINISHED THE WEEK UP

    • Crop Progress and Conditions a Mixed Bag Across U.S.
    • USDA Acreage Report Puts Cotton Planted Acres at 13.72 Million
    • U.S. Export Sales Relatively Low
    • Xi-Trump Meeting at G-20 Summit
Cleveland On Cotton 28-Jun-2019
  • Don’t Panic

    The market continues to muddle through the early days of summer while suffering from poor demand and crop concerns in the U.S, and India. Granted, there are other important crops around the world that are drawing attention, especially Pakistan. However, it is very early in the season and plantings in northern hemisphere crop are only slightly behind.
Plexus Market Comments 27 June
  • So where do we go from here?

    By and large the market is still stuck in a 400-point trading range, as growers are unwilling to sell the market below 6500, but are waiting for rallies towards 70 cents to do so. Speculators are still holding a sizeable net short position, but the loss of downside momentum and/or one of the potential triggers mentioned above could spark some spec short-covering and new buying.
Jernigan Global Weekly 24-Jun-2019
  • HIGHLIGHTS

    1. CONCERN REGARDING CHINESE COTTON DEMAND INCREASES AS SPINNERS REDUCE OPERATIONS

    2. HONG KONG DRAMA INCREASES AS FURTHER BREACHES OF TRUST OCCUR

    3. INDIAN MONSOON DELAYS REMAIN A CONCERN; CYCLONE VAYU BRINGS ISOLATED RAINS

    4. AT RETAIL, COTTON IS GAINING MARKET SHARE IN KNIT SHIRTS

    5. AUSTRALIAN SUPPLIES GROW TIGHTER AND BASIS FIRMER
Shurley on Cotton 18-Jun-2019
  • Prices Rally Off New Low, No Signs of a Push Higher

    New crop December futures have rallied from the recent new low below 65 cents. December is currently at 66+ and likely to track in the 65 to 68-69 cents range in the near term unless a major unforeseen factor arises.
Cotton Inc. Monthly Economic Letter Jun-2019
  • Cotton Market Fundamentals & Price Outlook

    RECENT PRICE MOVEMENT

    Most benchmark prices decreased over the past month. Chinese prices moved sharply lower.

    Open interest has shifted from July and into the December contract.  After moving lower in early May, values for the July contract were volatile but range-bound between 65 and 70 cents/lb for most of the past month.  Values for the December contract also moved lower in early May.
Thompson On Cotton 06-Jun-2019
  • A Bounce With A Weak Starting Point

    Cotton prices have rebounded in the past few weeks due to unfavorable weather and encouraging export sales. But before you get too excited, this bounce is off lows in the mid 60s.
INDIA Cotton and Products Update
  • Highlight

    FAS Post estimates India’s marketing year (MY) 2019/20 cotton production at 29.3 million 480 lb. bales (37.5 million 170-kilogram bales/6.4 MMT) from 12.45 million hectares of planted area.

    MY 2019/20 cotton consumption at 25.3 million 480 lb. bales (32.4 million 170- kilogram bales/5.5 MMT)
ICAC - Cotton This Month
  • Looking Beyond the Uncertainties of Trade Tensions  

    The trade dispute between the United States and China has impacted cotton demand and supply chains over the course of the past year. On 1 June 2019, China is set to increase tariffs on $60 billion of US goods in retaliation to the US tariff increase on the remaining $200 billion worth of Chinese imports.
Monthly Rate Movement Report – May 2019
  • Monthly Rate Movement Report – May 2019

    • Daily Physical Spot Rate
    • MCX Cotton Daily Closing Rate
    • USD-INR Exchange Rate Closing
    • Cotlook Index
    • ICE Future Closing
    • NCDEX Kapas Rate
    • MCX Future Closing
    • NCDEX and MCX converted into Rs. Candy Rate
US Cumulative Cotton Export Sales - Countrywise
  • US Cumulative Cotton Export Sales

    01-August-2018 To 16-May-2019

    PIMA 7,07,319
    UPLAND 1,46,22,154
    TOTAL 1,53,29,473
Indian Raw Cotton Export-Import 2018-19
  • INDIAN COTTON EXPORT
    Including Cotton Waste

    Oct-2018 to Mar-2019
    6,63,386 Tones
    39,02,271 Bales of 170 Kg

    INDIAN COTTON IMPORT
    Including Cotton Waste

    Oct-2018 to Mar-2019
    1,01,072 Tones
    5,94,541 Bales of 170 Kg

Monthly Rate Movement Report – April 2019
  • Monthly Rate Movement Report – April 2019


    • Daily Physical Spot Rate
    • MCX Cotton Daily Closing Rate
    • USD-INR Exchange Rate Closing
    • Cotlook Index
    • ICE Future Closing
    • NCDEX Kapas Rate
    • MCX Future Closing
    • NCDEX and MCX converted into Rs. Candy Rate
Reinhart Cotton Market Report 25 Apr
  • India – Physical prices traded steady last week on slow selling from ginners and slow emand from domestic mills. As per the latest CCI report, India’s current cotton crop arrivals reached 27.88 million bales until 16th April 2019. The Indian rupee depreciated against the US dollar and is now around 70.10 (spot), mainly due to surging crude oil prices.
Monthly Rate Movement Report – March 2019
  • Monthly Rate Movement Report – March 2019


    • Daily Physical Spot Rate
    • MCX Cotton Daily Closing Rate
    • USD-INR Exchange Rate Closing
    • Cotlook Index
    • ICE Future Closing
    • NCDEX Kapas Rate
    • MCX Future Closing
    • NCDEX and MCX converted into Rs. Candy Rate
USDA Prospective Plantings
  • USDA Planting Intention

    US All cotton planted area for 2019 is estimated at 13.8 million acres, 2 percent below last year.

    Upland area is estimated at 13.5 million acres, down 2 percent from 2018.

    American Pima area is estimated at 255,000 acres, up 2 percent from 2018.
GUJCOT CROP SURVEY REPORT 2018-19
  • Saurashtra
    Area in Hectare = 19,29,800
    Yield Kg/ha = 447.88
    Crop in 170 Kgs Bales = 50,84,224

    North Gujarat
    Area in Hectare = 3,76,800
    Yield Kg/ha = 575.84
    Crop in 170 Kgs Bales = 12,76,340

    Main Line
    Area in Hectare = 3,49,200
    Yield Kg/ha = 749.92
    Crop in 170 Kgs Bales = 15,40,429

    Kutch
    Area in Hectare = 56,300
    Yield Kg/ha = 825.00
    Crop in 170 Kgs Bales = 2,73,221
Brazil: More cotton acreage is being planted
  • Shifting Corn Acres to Cotton

    While corn remains the major safrinha crop for Brazilian farmers, more cotton acreage is being planted in Mato Grosso this spring, as well.

    Over the past two years, cotton planting has increased by nearly one-third for the safrinha in Mato Grosso. The Brazilian Association of Cotton Producers(Abrapa) forecast cotton acreage to grow to 1.4 million hectares (3.46 million acres). Mato Grosso accounts for about 88% of Brazil’s cotton production.
Gujarat Cotton Sowing Final Report
  • 08 October 2018

    Gujarat Area under Cotton Sowing reached 27,12,100 Hectares.

    Saurashtra 19,29,800 Hectares.
    North Gujarat 2,73,500 Hectares.
    Middle Gujarat 3,07,500 Hectares.
    South Gujarat 1,44,900 Hectares.
    Kutch 56,300 Hectares.
All India Cotton Sowing Till 19-Sept
  • All India Cotton sowing area reached 1,20,64,100 Hectares against 1,21,71,900 hectares same period last year.

    North India 14,45,100
    Central India 75,28,900
    South India 29,15,000
Minimum Support Price
  • Government of India raised Minimum Support Price of Kapas.

    Medium Staple 4,900 to 5,000
    Medium Long Staple 5,150 to 5,300
    Long Staple 5,350 to 5,450
    Extra Long Staple 5,650 to 6,650
Historical Revisions to Indian's Cotton Balance Sheet - USDA
  • Historical Revisions to Indian's Cotton Balance Sheet - USDA

    Historical revisions have been made to India’s balance sheet for the years 2002/03 through 2013/14, with the stock adjustment carried forward. The revisions are based on the conclusion that market yard arrivals data underreported arrivals in the early portion of the harvest season. This conclusion was based on observed market activity in November for several years.
CCI - Online Kapas Sale Procedure
  • Online Kapas Sale Procedure
    With regard to online Kapas sale, following modus operandi may be followed:
    1. Online Kapas sale can be undertaken broadly on the same lines as per the online cotton seed sale system followed by the Corporation at present, i.e. kapas may be sold online on per qtl. basis to the registered buyers.
    2. For registration, the buyer has to pay refundable security deposit of Rs 5 lacs and shall have to obtain digital signature for participation in e-auction. ......
China Cotton Auction FINAL
  • 12-March-2018 To 30-Sept-2018

    METRIC TONNES
    Reserve Stock End Of 2017 5,256,286
    Cumulative Sales 2,510,279
    Remaining Stock 2,746,007

    BALES
    Reserve Stock End Of 2017 24,142,123
    Cumulative Sales 11,529,712
    Remaining Stock 2,612,411
GST Refund Notification
  • GST Refund of unutilised input credit

    As per notification issued yesterday, Refund will be granted of unutilised GST credit on raw materials purchased after 1st August, 2018.