Dear All Cotton Friends,

In our mission to give Daily Spot Rate Team Gujcot is getting valuable support from Gujcot broker’s panel. We appreciated their humble service to the trade. Gujcot Team is giving daily closing of Indian and foreign futures rates.

In this report we have provided Following Rates during the month.

• 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.

• At the beginning of the month, the market reacted sharply to the announcement of US tariff hike, dropping significantly and hitting a contract low of 60.80 cents per lbs. However, it quickly recovered the same day.
• A large speculative short position led to a short covering rally. The market absorbed the price reduction and stabilized. Following the expiry of the May contract, the lead month shifted to July, during which prices climbed to nearly 70 cents. As a result, the month saw a volatility range of approximately 9 cents.
• The U.S. cotton outlook saw a slight export reduction and higher ending stocks, with prices unchanged. Globally, production, consumption, and trade declined, mainly due to lower activity in China and Indonesia. Exports fell for major producers, while ending stocks rose, led by increases in China, the U.S., and others.
• In April 2025, U.S. Export Sales showed a steady upward trend in both commitments and shipments. Commitments consistently increased each week, indicating strong international demand and buyer confidence. Similarly, shipments progressed steadily, reflecting robust logistical performance and fulfillment capabilities. The cumulative data underscores a healthy export outlook for the U.S. cotton sector, with consistent week-over-week growth contributing positively to the monthly performance.
• The Indian physical cotton market remained steady to firm throughout the month. Limited arrivals and strong demand, particularly from CCI, supported prices. By month-end, Shankar-6 was quoted around ₹54,500 per candy. Tight supply conditions continue to drive market firmness.
• On the first day of April, the Indian basis made a monthly low of 12.11. By the fourth day, it had reached the monthly high of 16.93. After that, it mostly ranged between 14.00 and 16.00, although on a few days, it fell below 14.00.
• At the beginning of the month, the USD-INR exchange rate remained stable. However, from the start of the second week to midweek, the Indian Rupee depreciated, falling from 85.23 to 86.69 against the US Dollar. Subsequently, the Rupee gradually strengthened and closed the month at 84.49.
• Hope for better for next month