Gujcot Weekly Report
Posted : March 21, 2019

Market Movement from 04th Mar 2019 to 09th Mar 2019

 

  • NY Futures closed slightly higher after a volatile week. Same remained with the MCX futures.

 

  • WASDE all data remained unchanged for US and India. World ending stock raised marginally. But overall report was neutral.

 

  • Indian physical market remained firm and despite some down trend on future markets physical market remained firm.

 

  • Indian Rupee appreciation against dollar will be negative for physical cotton.

 

  • Exporters and merchants supported market with good buying during this week.

 

  • Good buying witnessed in yarn but payment is situation remained very tight in domestic market.

 

  • Gujarat 29 mm Cotton sold between 42,600 to 43,000 Rs./Candy.

 

  • All India Daily Arrivals remained between 1,10,000 to 1,25,000 bales.

 

  • Gujarat Daily Pressing was approximately 40,000 to 45,000 bales.

 

  • NY May futures w/w lost 0.36 cents.

 

  • Indian Rupee remained stable between 70.00 to 70.91 during this week.



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