Condolence Message

The Gujcot Trade Association expresses its deepest sorrow and heartfelt condolences on the tragic plane crash that occurred in Ahmedabad, Gujarat, resulting in the loss of 275 precious lives, including our respected former Chief Minister Shri Vijay Rupani. This is an immense loss not only for the families affected but also for the entire state and nation.

Shri Vijay Rupani was a visionary leader who dedicated his life to the service of Gujarat and its people. His contributions to the progress and welfare of the state will always be remembered with respect and gratitude.

In this moment of profound grief, we stand in solidarity with the bereaved families and pray for the departed souls to rest in eternal peace. May God grant strength and courage to their loved ones to bear this irreparable loss.

Market Movement from 09th Jun 2025 to 14th Jun 2025.

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• New York cotton futures remained in a narrow range throughout the week. The latest WASDE report was viewed as somewhat neutral to slightly bullish for the upcoming marketing year. However, due to disappointing macroeconomic conditions, the market failed to react positively. As a result, NY July futures closed the week with a marginal loss of 26 points, while NY December futures ended with a weekly loss of 37 points.
• In the latest U. S. Export Sales Report for the week ending 05-Jun-2025, U.S. cotton export sales reported a moderate performance. Net upland sales for the 2024-2025 season stood at 60,200 bales, while shipments surged to a strong 2,36,300 bales, indicating healthy demand. Pima cotton saw limited activity with net sales of 1,400 bales and shipments of 5,800 bales. Total sales for the current marketing year reached 61,600 bales. Meanwhile, forward sales for the 2025-2026 season totaled 36,500 bales, comprising 36,100 upland and 400 Pima, suggesting early interest from overseas buyers for the next crop year.
• In the latest USDA-WASDE report, the 2025-26 U.S. cotton balance sheet shows lower production, beginning stocks, and ending stocks due to adverse weather in the Delta region affecting acreage and yields. Production is cut by 5,00,000 bales to 14.0 million, with ending stocks down 9,00,000 bales to 4.3 million and a stocks-to-use ratio of 30.3%. The season-average price remains at 62 cents/lb. Globally, the cotton outlook is also revised downward with reductions in production, consumption, and trade. World production is down over 8,00,000 bales due to cuts in India, the U.S., and Pakistan, while beginning stocks are lowered by 1.1 million bales, mainly from India. Consequently, global ending stocks are reduced by nearly 1.6 million bales.
• With stronger shipment USDA raise target for current year to 11.5 M bales as expected.
• The Gujcot Spot Rates showed a narrow and steady movement. The rate opened at ₹54,000 on Monday, slightly declined to ₹53,900 on Tuesday, and remained stable midweek at ₹53,850 on both Wednesday and Thursday. A marginal uptick was observed on Friday to ₹53,950, while Saturday’s rate stood at ₹53,900. The overall trend indicates limited volatility and a relatively firm market tone throughout the week.
• The Indian physical market also remained directionless and steady, hovering around the ₹54,000 level.
• CCI reduced the price by ₹500 per candy, which attracted buyers for two days. However, buying activity slowed down afterward. To attract small buyers, CCI needs to introduce more favorable terms, as major buyers are already well-covered.
• During this week, the Indian basis remained between 14.46 and 15.10.
• This week, the USD-INR exchange rate showed mild fluctuations. It opened at 85.62 on Monday, slightly eased to 85.60 on Tuesday, dipped to the week's low of 85.51 on Wednesday, rebounded to 85.60 on Thursday, and finally surged to 86.08 on Friday, marking the week's highest level and indicating a strengthening of the dollar towards the end of the week.
• Hope for best