Press Release
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
Gujcot Annual Report 2018-19
  • The Season 2018 -2019 started with bullish sentiment in India. Indian cotton crop was predicted 343 lakh bales at the start of the season against 365 to 375 lakh bales of season 2017-2018. Opening stock was low and mills requirement of new cotton was high. With bull sentiment season touched double top at 47,150 on 15th October at the start of the season.
Gujcot Cotton Crop Estimate 2019-20
  • Gujarat cotton crop is estimated as 1,06,94,302 Bales out of which 2,75,000 Bales will be of V-797 rest will be Shankar-6. Gujarat cotton crop yield is expected to rise by 32.97% and crop is expected to increase by 30.83%

    we estimate total Gujarat cotton pressing to be 120-125 Lakh Bales of 170 Kg.
Monthly Rate Movement Report – Jun 2020
  • Monthly Rate Movement Report – Jun 2020

    • 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
Monthly Rate Movement Report – Jul 2020
  • Monthly Rate Movement Report – Jul 2020

    • 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
Monthly Rate Movement Report – Aug 2020
  • Monthly Rate Movement Report – Aug 2020

    • 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
Monthly Rate Movement Report – Sep 2020
  • Monthly Rate Movement Report – Sep 2020

    • 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
Monthly Rate Movement Report – Oct 2020
  • Monthly Rate Movement Report – Oct 2020

    • 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
Monthly Rate Movement Report – Nov 2020
  • Monthly Rate Movement Report – Nov 2020

    • 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
FIRST QUARTERLY RATE MOVEMENT 2020-21
  • FIRST QUARTERLY RATE MOVEMENT 2020-21

    • 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
Monthly Rate Movement Report – Feb 2021
  • Monthly Rate Movement Report – Feb 2021

    • 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
Monthly Rate Movement Report – Apr 2021
  • Monthly Rate Movement Report – Apr 2021

    • 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
Monthly Rate Movement Report – May 2021
  • Monthly Rate Movement Report – May 2021

    • 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
THIRD QUARTERLY RATE MOVEMENT 2020-21
  • THIRD QUARTERLY RATE MOVEMENT 2020-21

    • 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
Monthly Rate Movement Report – July 2021
  • Monthly Rate Movement Report – July 2021

    • 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
Monthly Rate Movement Report – August 2021
  • Monthly Rate Movement Report – August 2021

    • 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
Monthly Rate Movement Report – September 2021
  • Monthly Rate Movement Report – September 2021

    • 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
Monthly Rate Movement Report November– 2021
  • Monthly Rate Movement Report October– 2021

    • 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
Gujcot Monthly Rate Movement Report – Sep 2022
  • Monthly Rate Movement Report – Sep 2022
    • 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

    We hope it will be useful to all the stake holders of Textile Value Chain.
Gujcot FIrst Quarterly Rate Movement Report – 2022-23
  • • Team Gujcot wishes happy, healthy and earning new year 2023 to all our friends.

    • Year 2022 taught us many lessons. We witnessed extremely high rates. NY cotton future near 158 cents per lb. and Indian physical cotton rate crossed Rs one lakh per candy. Some sweet and some bitter memories of year 2022. first quarter of the Indian new cotton season and second quarter of US new cotton season was dominated by bears.
Gujcot FIrst Quarterly Rate Movement Report – 2021-22
  • • Up trend in cotton prices during first quarter of new season has continued with cotton prices touching life time new high in Indian cotton. While in U.S. It is the second highest rate after 2011.

    • Indian Mills earned well during first quarter with old crop CCI stock till October and new arrivals.
Monthly Rate Movement Report – Jan 2021
  • Monthly Rate Movement Report – Jan 2021

    • 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
Monthly Rate Movement Report – Aug 2022
  • Monthly Rate Movement Report – Aug 2022

    • 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
Monthly Rate Movement Report – Jul 2022
  • Monthly Rate Movement Report – Jul 2022

    • 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
Gujcot Third Quarterly Rate Movement Report – 2021-22
  • Third Quarterly Rate Movement Report 2021-22

    • 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

    We hope it will be useful to all the stake holders of Textile Value Chain.
Monthly Rate Movement Report – May 2022
  • Monthly Rate Movement Report – May 2022

    • 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
Monthly Rate Movement Report – Apr 2022
  • Monthly Rate Movement Report – Apr 2022

    • 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
Gujcot Second Quarterly Rate Movement Report – 2021-22
  • Second Quarterly Rate Movement Report 2021-22

    • 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

    We hope it will be useful to all the stake holders of Textile Value Chain.
Monthly Rate Movement Report – Feb 2022
  • Monthly Rate Movement Report – Feb 2022

    • 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
Monthly Rate Movement Report – Oct 2021
  • Monthly Rate Movement Report – Oct 2021

    • 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
Monthly Rate Movement Report – Jan 2023
  • Monthly Rate Movement Report – Jan 2023

    • 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
Monthly Rate Movement Report – Feb 2023
  • Monthly Rate Movement Report – Feb 2023

    • 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
Gujcot Second Quarterly Rate Movement Report – 2022-23
  • • Team Gujcot wishing happy and earning new financial year to all cotton friends.

    • January-March quarter was volatile in all futures. Huge ups and downs were noticed during this period. Despite huge ups and downs range is very narrow. NY March was in 80.25 to 87.00 range while NY May moved in slightly bigger range of 76.54 to 88.02.
MONTHLY RATE MOVEMENT REPORT APR-2023
  • • Happy Gujarat Sthapana Divas

    • The first half of the month saw a narrow range of 80 to 85 cents for NY futures, but the second half was bearish with a range of 76.5 to 81 cents. USDA released the WASDE report, which was nearly neutral and did not cause any significant volatility.
Monthly Rate Movement Report – May-2023
  • • During the month of May, NY July cotton future have not been able to break out of the long-term range of 79-86. The latest WASDE report was somewhat favorable for the market, with an increase in U.S. exports and a decrease in ending stocks. Export sales have been decent, leading the U.S. Department of Agriculture (USDA) to raise the US export estimate from 12.2 to 12.6 million bales.
Gujcot Third Quarterly Rate Movement Report – 2022-23
  • • During the third quarter of the cotton season (April to June) NY July future remained within a range of 77 to 87 cents, while December future remained within a narrow range of 77 to 84.

    • The NY Future market attempted to break out of these ranges multiple times but was unable to sustain those breakouts. This suggests that there may have been various attempts to push the market beyond these established price levels, but the momentum was not strong enough to sustain the price movement outside of the given ranges.
Monthly Rate Movement Report – Jul-2023
  • • NY July Future expired on 8th July, and now the front month is December. NY December new crop future stayed within a narrow range for the first 18 days but then started to trend upwards after the 18th July. Some short covering and speculative buying pulled the market to a new high of 87.90, but it eventually settled near the mid-eighties.
GUJCOT WEEKLY REPORT 19-AUG-2023
  • Market Movement from 14th Aug 2023 to 19th Aug 2023.

    • NY Dec cotton futures exhibited a downward trend, starting at 87.89 cents on 11-August, dipping to 83.62 cents by 18-August, resulting in a weekly loss of 4.27 cents.
GUJCOT Weekly Report 26-Aug-2023
  • Market Movement from 21st Aug 2023 to 26th Aug 2023.

    • New York December cotton futures recorded a value of 83.62 on August 18, which then rose to 87.31 on August 25, resulting in a weekly loss of 3.69 cents.
Gujcot Monthly Rate Movement Report – Aug-2023
  • • During the August, the NY December Futures attempted multiple times to break out above the 88 cents level, but each attempt proved unsuccessful. The NY futures remained confined within a narrow range of 83 to 88 cents.

    • The WASDE report delivered a bullish outlook as the U.S. Department of Agriculture (USDA) lowered the U.S. crop by 2.5 million bales. This bullish sentiment from the WASDE report initially pushed the NY futures toward the upper boundary of the established range.
GUJCOT WEEKLY REPORT 02-SEP-2023
  • Market Movement from 28th Aug 2023 to 02nd Sep 2023.

    • "New York Cotton Futures for December demonstrated robust performance, increasing from 87.31 cents on August 25th to 89.95 cents on September 1st, resulting in a significant week-over-week gain of 2.64 cents. Furthermore, the month of August witnessed a notable upward trend, with prices rising from 84.72 cents on July 31st to 87.82 cents on August 31st, indicating a substantial month-over-month gain of 3.10 cents."
GUJCOT WEEKLY REPORT 09-SEP-2023
  • Market Movement from 04th Sep 2023 to 09th Sep 2023.

    • It was a turbulent week in NY future. NY December surrendered all the gains from the previous week. China's increase in auction quantity has led to a sharp decline in the Chinese futures market, ZCE. Some farmers, engaged in price-fixing, and improved crop conditions have once again pushed prices below the 85 cents range, ultimately closing at 85.91 cents, resulting in a significant weekly loss of 404 points.
GUJCOT WEEKLY REPORT 16-SEP-2023
  • Market Movement from 11th Sep 2023 to 16th Sep 2023.

    • NY Dec cotton futures saw a weekly gain, rising from 85.91 cents on September 8th to 86.44 cents on September 15th, marking an increase of 0.53 cents.
GUJCOT WEEKLY REPORT 23-SEP-2023
  • Market Movement from 18th Sep 2023 to 23rd Sep 2023.

    • NY Dec futures traded at 86.44 on 15-Sep, dipped to 85.91 on 22-Sep, resulting in a week-over-week loss of 0.53 cents. NY December trading market exhibited a relatively tight trading range, fluctuating between 85.5 cents and 88.5 cents.
GUJCOT WEEKLY REPORT 30-SEP-2023
  • Market Movement from 25th Sep 2023 to 30th Sep 2023.

    • The ICE December cotton futures traded at 87.15 cents per pound, reflecting an increase from its value of 85.91 cents on September 22nd. Throughout the week, there was a notable uptick in cotton prices, reaching a high of 89.89 cents per pound on September 28th, resulting in a week-to-week change of 1.24 cents to the upside. However, when comparing the monthly changes, the cotton futures showed a decrease.
GUJCOT WEEKLY REPORT 07-OCT-2023
  • Market Movement from 02nd Oct 2023 to 07th Oct 2023.

    • Welcome, all cotton enthusiasts, to the start of the new 2023/24 season! This marks the first weekly report of the season, and we extend our best wishes for a prosperous and successful season ahead to all our fellow cotton enthusiasts.

    • NY Dec cotton futures closed at 87.15 on September 29th, slipped to 87.14 on October 6th, resulting in a week-over-week loss of 0.01 cents.
Gujcot Fourth Quarterly Rate Movement Report – 2022-23
  • We are here providing you comprehensive overview of the various factors affecting cotton prices and production during July-September period. Here's a summary of the key points:

    1. Cotton Price NY Future Trends: The price of cotton in the NY futures market during July was in the range of 79-84 cents but moved higher to 84-88 cents in the following two months. There were attempts to break the resistance at 88 cents, but failed to sustain due to weaker demand and macroeconomic challenges.
GUJCOT WEEKLY REPORT 14-OCT-2023
  • Market Movement from 09th Oct 2023 to 14th Oct 2023.

    • The NY December future closed at 86.06, recording a weekly loss of 1.08 cents.

    • The main highlight of the week was a pronounced pre-WASDE loss on Wednesday, which was followed by a noticeable rebound in prices on Friday. These fluctuations were accompanied by concerns arising from a new conflict in Gaza, which sparked moments of panic within the market.
GUJCOT WEEKLY REPORT 21-OCT-2023
  • Market Movement from 16th Oct 2023 to 21st Oct 2023.

    • This week in the New York Futures market, bearish sentiment dominated as the daily intraday performance of New York December futures experienced consistent downward movements, ultimately closing with narrow losses. The ongoing Israel-Hamas conflict played a significant role in shaping the market's performance during this period.
Gujcot Annual Report 2022-2023
  • "Navigating Challenges: A Recap of the 2022-23 Indian Cotton Market Season"

    The Indian cotton market in the 2022-23 season witnessed a series of unique challenges and fluctuations, impacting both cotton mills and farmers. Here we provide an overview of the season, highlighting key events and factors that influenced cotton prices and market dynamics.
GUJCOT WEEKLY REPORT 28-OCT-2023
  • Market Movement from 23rd Oct 2023 to 28th Oct 2023.

    • During the past week, the New York December market experienced a notable increase of 198 points week-over-week. This gain can be attributed to a combination of improved export sales and advantageous mill fixation rates.
GUJCOT MONTHLY RATE MOVEMENT REPORT OCT-23
  • • In October, the New York Futures for December consistently fluctuate within a price range of 82 to 88 cents. On the other hand, March futures consistently exhibit a carrying cost with a price range of 84.5 to 88.5 cents.
GUJCOT WEEKLY REPORT 04-NOV-2023
  • Market Movement from 30th Oct 2023 to 04th Nov 2023.

    • On October 27, New York December cotton futures were valued at 84.38, but by November 3, their price had dropped to 79.62, marking a weekly decrease of 4.76 cents. NY December has dropped below 80 cent technical level so it open door of new bottom.
GUJCOT WEEKLY REPORT 11-NOV-2023
  • Market Movement from 06th Nov 2023 to 11th Nov 2023.

    • Wishing to all our cotton friends a joyous and prosperous Diwali and a New Year filled with abundance. May this festival illuminate your lives with light, bless you with good health, and bring forth wealth and success.

    • Team Gujcot extends our warmest wishes for an earning-rich and stress-free year ahead for all our cotton friends.
GUJCOT WEEKLY REPORT 18-NOV-2023
  • Market Movement from 13th Nov 2023 to 18th Nov 2023.

    • This week, the New York futures market demonstrated stability with a modest upward trend. In particular, the December New York futures saw a gain of 160 points, while the March futures experienced a more significant increase of 201 points.
GUJCOT WEEKLY REPORT 25-NOV-2023
  • Market Movement from 20th Nov 2023 to 25th Nov 2023.

    • NY Mar futures traded in narrow range this week. With consecutive large sell to China it covered major loss and recorded a decrease from 81.51 on 17-Nov to 80.99 on 24-Nov, reflecting a week-over-week loss of 0.52 cents.
GUJCOT MONTHLY RATE MOVEMENT REPORT– NOV-2023
  • • November was typically dominated by bears, characterized by sluggish trading throughout the month. In New York, December exhibited a wide trading range of 74.89 to 80.39 cents per lb, whereas March, the current lead month, remained stuck in a narrow range of 77.70 to 82.34 cents per lb. Month-over-month, December experienced a loss of 182 points, while March concluded with a 345 points loss.
GUJCOT WEEKLY REPORT 02-DEC-2023
  • Market Movement from 27th Nov 2023 to 02nd Dec 2023.

    • The current leading month for Future March is now experiencing a stagnant phase within a narrow trading range, awaiting a clear direction. The closing value for NY March stands at 80.99, reflecting a weekly loss of 157 points.
GUJCOT WEEKLY REPORT 09-DEC-2023
  • Market Movement from 04th Dec 2023 to 09th Dec 2023.

    • NY future experienced a limit-up session on Thursday, concluding the week with a notable gain of 202 points.
GUJCOT WEEKLY REPORT 16-DEC-2023
  • Market Movement from 11th Dec 2023 to 16th Dec 2023.

    • NY Mar futures recorded a decline from 81.44 on 08-Dec to 79.93 on 15-Dec, reflecting a week-over-week loss of 1.51 cents.
GUJCOT WEEKLY REPORT 23-DEC-2023
  • Market Movement from 18th Dec 2023 to 23rd Dec 2023.

    • NY March, the New York market exhibited a subdued performance, maintaining a narrow trading range as participants awaited a clear direction. NY Mar futures registered a decline from 79.93 on 15-Dec to 79.76 on 22-Dec, reflecting a week-over-week loss of 0.17 cents.
GUJCOT WEEKLY REPORT 30-DEC-2023
  • Market Movement from 25th Dec 2023 to 30th Dec 2023.

    • NY March futures exhibited a notable week-over-week increase, rising from 79.76 cents on December 22nd to 81.00 cents on December 29th, reflecting a gain of 1.24 cents. Although robust export sales was ignored by market in low volume and festival time. Meanwhile, comparing month-to-month performance, NY March futures saw a rise from 80.06 cents on November 30th to 81.00 cents on December 29th, marking a gain of 0.94 cents.
Gujcot First Quarterly Rate Movement Report - 2023-24
  • • In the month of October, both NY December and March futures commenced trading near 88 cents, experiencing a gradual decline. The market remained relatively stable during December, with NY March operating within a narrow range of 79 to 82 cents. The downward trend during this period was primarily attributed to factors such as the Gaza war and the Federal Reserve's decisions to decrease interest rates.
GUJCOT WEEKLY REPORT 06-Jan-2024
  • Market Movement from 01st Jan 2024 to 06th Jan 2024.

    • The New York Futures market remained within a narrow range, unaffected by any significant market-moving news.

    • NY March futures recorded a decrease from 81.00 on December 29 to 80.19 on January 5, reflecting a week-over-week loss of 0.81 cents.
GUJCOT WEEKLY REPORT 13-JAN-2024
  • Market Movement from 08th Jan 2024 to 13th Jan 2024.

    • Team Gujcot extends warm wishes for a joyous Makar Sankranti, Happy Lohri, and a delightful Pongal to all our friends in the cotton community. May the festivities bring prosperity, happiness, and abundant success to everyone!
GUJCOT WEEKLY REPORT 20-JAN-2024
  • Market Movement from 15th Jan 2024 to 20th Jan 2024.

    • With the assistance of strong export sales, NY March, successfully broke through the psychological resistance at 82 cents and surpassed a new high level at 84 cents. This resulted in a week-over-week gain of 264 points.

    • In the latest U. S. Export Sales Report for the week ending 11-Jan-2024, U.S. export sales data for the 2023-2024 season reveals net upland sales of 4,20,000 bales, with upland shipments reaching 2,57,700 bales.
GUJCOT WEEKLY REPORT 27-JAN-2024
  • Market Movement from 22nd Jan 2024 to 27th Jan 2024.

    • Greetings on Republic Day to all our cotton friends.

    • The New York (NY) futures market experienced a volatile week, with the NY March crossing the 85-cent mark and dipping slightly below the resistance level of 86 cents.
GUJCOT MONTHLY RATE MOVEMENT REPORT– JAN-2024
  • • This month, the bulls in the New York Futures market were delighted by the favorable cotton balancesheet of the United States as presented in the WASDE (World Agricultural Supply and Demand Estimates). The market also received strong support from robust export sales, contributing to a positive sentiment among traders.

    • Speculative interest in cotton saw a return, leading to a steady increase in open interest throughout the month.
GUJCOT WEEKLY REPORT 03-FEB-2024
  • Market Movement from 29th Jan 2024 to 03rd Feb 2024.

    • This week witnessed a bullish trend in the New York future market. Supported by strong export sales and impressive shipment figures, NY Future for March broke through and closed above 87 cents for the first time, registering a substantial gain of 274 points.
GUJCOT WEEKLY REPORT 10-FEB-2024
  • Market Movement from 05th Feb 2024 to 10th Feb 2024.

    • The NY March future experienced a significant surge in a huge bull run, driven by bullish WASDE (World Agricultural Supply and Demand Estimates) for the US current year. Technical indicators showed a notable crossing of the 90 cents mark for the first time in two seasons. This prompted a combination of technical buying, new speculative buying, and some short covering, resulting in a substantial week-over-week gain of 467 points.
GUJCOT WEEKLY REPORT 17-FEB-2024
  • Market Movement from 12th Feb 2024 to 17th Feb 2024.

    • Despite strong buying from funds and speculators, NY futures have faced resistance at the 96 cents level, resulting in a partial retracement of gains. Despite March gains nearing a crucial point, the market remains bullish. Export sales, although lower than previous weeks, are not viewed negatively, contributing to a positive market outlook.
GUJCOT WEEKLY REPORT 24-FEB-2024
  • Market Movement from 19th Feb 2024 to 24th Feb 2024.

    • In the week-to-week comparison, the New York March futures gained 106 points, whereas the May futures experienced a loss of 93 points. With March now concluded, the focus has shifted to the front month, which is now represented by the New York May futures.
GUJCOT WEEKLY REPORT 02-MAR-2024
  • Market Movement from 26th Feb 2024 to 02nd Mar 2024.

    • The New York futures market witnessed a highly volatile week, marked by both limit-up and limit-down days. The value of NY May surged to a new high, breaching the dollar mark and reaching an impressive 103.80 cents from its initial position at 93 cents. However, the market experienced a retracement, settling back to 95.57. Ultimately, despite the significant fluctuations, the weekly gain amounted to just 208 points.
GUJCOT MONTHLY RATE MOVEMENT REPORT– FEB-2024
  • • In the month of February, NY Future experienced a roller coaster ride, fueled by financial support and strategic acquisitions. Breaking through all psychological resistance barriers in the first week, it surged past the 90-point mark for the first time. By the end of first week, there were indications that NY Future might surpass the dollar threshold, reaching a high of 103.80 and closing near 99.57. Overall, NY May futures demonstrated a substantial gain of 13.16 points month-over-month.