Market Movement from 19th May 2025 to 24th May 2025.

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• New York futures remained steady to firm despite the absence of any fresh news to guide the market. Historically, the 65-cent level has acted as a support area, below which additional selling pressure tends to ease. As a result, the July contract closed the week with a gain of 122 points, week-over-week.
• In the latest U. S. Export Sales Report for the week ending 15-May-2025, U.S. cotton export sales showed solid performance for the 2024-2025 marketing year, with net upland cotton sales totaling 1,41,400 bales and shipments reaching 2,51,500 bales, indicating strong demand. Net Pima cotton sales were recorded at 9,700 bales, with shipments of 7,600 bales. Combined total sales for the current marketing year stood at 1,51,100 bales. Looking ahead to the 2025-2026 marketing year, net upland sales were modest at 7,400 bales, while no new Pima sales were reported, bringing the total forward sales to 7,400 bales.
• The Gujcot Spot Rate displayed minor fluctuations with a generally stable trend. The rate opened on Monday at ₹54,000, dipped slightly to ₹53,950 on Tuesday, then returned to ₹54,000 on Wednesday. A modest increase was observed on Thursday at ₹54,100, followed by a slight decline to ₹54,050 on Friday. Saturday’s rate was ₹54,050. Overall, the market remained steady with minimal day-to-day variation.
• The Indian physical market has shown limited movement. The Cotton Corporation of India (CCI) has been unable to find buyers and investors, despite offering cotton at lower prices. This has put downward pressure on the overall market.
• The mill is going through a tough time, but they still have some sales on hand, so they are operating at their current capacity.
• The all-India arrival is approximately 25,000 to 30,000, with the majority coming from Gujarat and Maharashtra.
• Despite the slow arrivals, the Indian physical market is not showing any upward movement.
• During this week, the Indian basis remained between 14.23 and 15.01.
• This week, the USD-INR exchange rate exhibited moderate fluctuations, starting at 85.40 on Monday and rising to 85.64 on Tuesday, where it remained steady through Wednesday. On Thursday, the rate increased further to 86.00 before falling to 85.21 on Friday, marking a slight overall decline by the end of the week despite mid-week gains.
• Hope for best