Market Movement from 05th May 2025 to 10th May 2025.

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• NY July started the week with a strong gain but was unable to sustain the momentum. External market pressures and macroeconomic factors dragged the market down. As a result, NY July ended the week with a loss of 180 points on a week-over-week basis.
• U.S. export sales were sluggish, but shipments were decent and above the required pace. Now, shipments need to be below 2,00,000 bales per week to meet the target.
• In the latest U. S. Export Sales Report for the week ending 01-May-2025, U.S. cotton export sales showed moderate activity. Net sales for the 2024-2025 marketing year totaled 92,900 bales, including 65,700 bales of upland cotton and 27,200 bales of Pima. Upland cotton shipments were strong at 3,94,900 bales, while Pima shipments reached 14,400 bales. For the upcoming 2025-2026 marketing year, net upland sales were recorded at 37,400 bales, with no new Pima sales reported, bringing the total forward sales to 37,400 bales.
• The Gujcot Spot Rate showed a slight downward trend. It opened at ₹54,400 on Monday and declined marginally to ₹54,350 on Tuesday and Wednesday. The rate further dipped to ₹54,250 on Thursday and remained unchanged on Friday. The rate for Saturday was ₹54,200.
• The Indian physical market remains steady without any clear direction. While slow arrivals suggest a potential for upward movement, weak demand has prevented the market from rising.
• During this week, the Indian basis remained between 13.94 and 14.44.
• A strong Indian rupee and steady to declining New York futures make Indian cotton and cotton yarn more expensive, reducing their competitiveness against global rivals.
• This week, the USD-INR exchange rate showed notable fluctuations, beginning at 84.25 on Monday and gradually increasing to 84.43 on Tuesday and 84.83 on Wednesday. The rate peaked sharply on Thursday at 85.71 before slightly retreating to 85.37 on Friday, indicating overall volatility with an upward trend over the course of the week.
• Hope for best