News & Reports
PCCA Cotton Market Weekly
  • JUNE 7, 2024

    Cotton futures traded on both sides of the market but ultimately settled lower for the week.

    • Since last week’s close, July futures gave up 232 points, settling at 75.44 cents per pound.
Cleveland on Cotton 07-Jun-2024
  • Cotton Prices Holding, But Watch the Fundamentals

    Misery loves company and cotton had a lot of company this week. Yet, cotton trading should not have been that bad. The old crop July contract, trading with just over two weeks before first notice day, fell into the 73’s, while next year’s hope – the new crop December futures contract – fell into the 72’s. The 74-cent area appeared to be the holding station for July futures and still may be, but market/government fundamentals could push it lower.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 2,22,632
    Upland Shipments 1,72,195
    Net Pima Sales 5,351
    Pima Shipments 6,277
    TOTAL SALES 2,27,983

    2024-2025
    Net Upland Sales 78,102
    Net Pima Sales 176
    TOTAL 78,278
Cleveland on Cotton 27-May-2024
  • Another Second Chance Price Rally Still Not Enough

    Cotton will come around. But as we have repeatedly commented, the 2024 crop will have to be priced in 2025, most likely based on the May 2025 contract. It is just going to take that long before mills will approach 85% spinning capacity. Neither U.S. nor world carryover are burdensome. Thus, the inching upward of demand will pull prices along.
Shurely on Cotton 26-May-2024
  • Has Cotton’s Downturn Bottomed Out?

    Nothing is worse than to have land, money, and other resources already committed to production and watching the market (and the value of expected production) decline. Farming is a biological process and takes time, and time creates risk. Resources must be committed months in advance of production and marketing.
PCCA Cotton Market Weekly
  • MAY 31, 2024

    *Last week’s gains were short-lived as the cotton market faced headwinds from weather and macroeconomic pressure.*

    • Since last week’s close, July futures relinquished 396 points, settling at 77.76 cents per pound.
GUJCOT WEEKLY REPORT 01-JUN-2024
  • Market Movement from 27th May 2024 to 01st Jun 2024.

    • At the start of the week, NY futures showed a bullish trend and crossed 82 after a long period. However, the rally was short-lived. Rains in Texas and some macroeconomic factors caused prices to drop in the last two days of the week, resulting in the market closing with a significant loss. July futures experienced a week-over-week loss of 437 points, and December futures closed with a week-over-week loss of 290 points. The July-December inverse narrowed to just 104 points.
GUJCOT MONTHLY RATE MOVEMENT REPORT– MAY-2024
  • • At the start of the month, NY Futures traded within a narrow range. Mid-month, there was an upward movement from the 75 cents to 80 cents range. However, the middle of the month saw more bearish activity. In the last week, the price briefly crossed 82 cents but failed to sustain this level and subsequently fell back below the 80-cent range.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 1,38,700
    Upland Shipments 1,57,000
    Net Pima Sales 2,000
    Pima Shipments 8,100
    TOTAL SALES 1,40,700

    2024-2025
    Net Upland Sales 54,100
    Net Pima Sales 0
    TOTAL 54,100
GUJCOT WEEKLY REPORT 25-MAY-2024
  • Market Movement from 20th May 2024 to 25th May 2024.

    • After a long time, bulls have a reason to smile. Flooding in Brazil and crop losses in China have created positive sentiment and triggered short covering of speculators, leading to a good rally. New York July contracts closed with a week-over-week gain of 463 points, while December contracts gained 304 points week-over-week. As a result, the inverse spread between July and December widened to 251 points.
PCCA Cotton Market Weekly
  • MAY 24, 2024

    The market finally felt some relief after weeks of selling and finished higher in four consecutive trading sessions.

    • July futures gained 548 points from last week’s close, settling at 81.72 cents per pound. The July contract closed up the limit on Wednesday and had another strong rally on Thursday.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 2,03,000
    Upland Shipments 2,04,100
    Net Pima Sales 9,900
    Pima Shipments 13,300
    TOTAL SALES 2,12,900

    2024-2025
    Net Upland Sales 47,900
    Net Pima Sales 700
    TOTAL 48,600
GUJCOT WEEKLY REPORT 18-MAY-2024
  • Market Movement from 13th Apr 2024 to 18th May 2024.

    • NY futures experienced another weekly loss, hitting the limit down on Tuesday but seeing some recovery on other days. Better expectations for the new crop, lower Chinese futures, and a bearish technical outlook contributed to the downward pressure on prices. Ultimately, NY July futures closed with a weekly loss of 142 points, while December futures closed with a loss of 16 points. The July-December inverse narrowed to just 92 points.
Cleveland on Cotton
  • Another Sloppy Week for Cotton Prices

    May 17, 2024

    Cotton suffered another sloppy week as lower Chinese prices, coupled with bearish inflation numbers and very weak apparel sales, all worked to force prices lower – even limit down one day and near limit down trading on another.
PCCA Cotton Market Weekly
  • MAY 17, 2024

    *Cotton futures traded on both sides of the market but gave back the previous week’s gains.*

    • July futures fell 236 points from last week’s close, settling at 76.24 cents per pound. The July contract closed limit down on Tuesday.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 1,56,400
    Upland Shipments 2,38,800
    Net Pima Sales 3,600
    Pima Shipments 5,200
    TOTAL SALES 1,60,000

    2024-2025
    Net Upland Sales 1,40,600
    Net Pima Sales 1,000
    TOTAL 1,41,600
GUJCOT WEEKLY REPORT 11-MAY-2024
  • Market Movement from 06th Apr 2024 to 11th May 2024.

    • On Wednesday, the New York futures market saw a temporary surge, reaching a high of 80 cents. However, this upward momentum couldn't hold steady amidst prevailing bearish sentiments. Decent export sales, the release of bearish WASDE (World Agricultural Supply and Demand Estimates) reports only intensified the downward pressure on the market. As a result, the New York July futures ultimately closed with a weekly loss of 75 points, while the December future weekly loss was 84 points.
Cleveland on Cotton 10-May-2024
  • Has the Cure for Low Cotton Prices Set In?

    The cure for low prices has finally set in. The recovery will be slow and, just like recovery from many ailments, there will be good and bad days. Some setbacks can be expected along the way.
PCCA Cotton Market Weekly 10-May-2024
  • After the bottom fell out of the market last week, July futures managed small gains for the week but ran into resistance around 80.00 cents per pound.

    • July futures settled at 78.60 cents per pound, finishing 298 points higher for the week.
USDA-WASDE
  • May-2024

    COTTON: The U.S. cotton projections for 2024/25 include a larger crop as planted area is slightly higher and abandonment is projected at less than half the rate realized in 2023/24. Production is forecast at 16.0 million bales, based on 10.67 million planted acres as indicated in the March Prospective Plantings report, with harvested area expected to rise 2.7 million acres year over year to 9.1 million. U.S. abandonment is projected below the 10-year average reflecting moisture conditions to date in the Southwest.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 2,53,600
    Upland Shipments 2,49,600
    Net Pima Sales 5,700
    Pima Shipments 8,200
    TOTAL SALES 2,59,300

    2024-2025
    Net Upland Sales 1,58,900
    Net Pima Sales 00
    TOTAL 1,58,900
Cleveland on Cotton 05-May-2024
  • Prepare to Price 2024 Cotton Late in the Marketing Season

    May 05, 2024

    Fundamentals drove cotton prices down to the mid-70s before selling ran out of steam and a small bit of demand brought prices back to the high 70s for old crop and the mid-70s for new crop. July found its support at 77 cents but slipped lower before recapturing the 78-cent mark, settling the week at 78.06. Likewise, December searched out its support at the 74-cent mark and settled the week at 75.97.
GUJCOT WEEKLY REPORT 04-MAY-2024
  • Market Movement from 29th Apr 2024 to 04th May 2024.

    • The week began with a glimmer of positivity on Monday, but the overall macroeconomic conditions, coupled with the Federal Reserve's decision to pause rate cuts, remained negative. Additionally, lower exports and shipments further fueled the downward trend in the market. By Thursday, the market had suffered a loss of nearly 500 points.
PCCA Cotton Market Weekly 03-May-2024
  • After gaining a little ground last week, July futures spent the week on a downward descent.

    • July futures settled at 75.62 cents per pound, finishing 546 points lower for the week.

    • Volume increased toward the end of the week, as total open interest increased by 3,255 contracts to reach a balance of 205,869.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 97,500
    Upland Shipments 1,80,000
    Net Pima Sales 4,600
    Pima Shipments 4,600
    TOTAL SALES 1,02,100

    2024-2025
    Net Upland Sales 34,400
    Net Pima Sales 00
    TOTAL 34,400
GUJCOT MONTHLY RATE MOVEMENT REPORT– APR-2024
  • • During the past month, New York witnessed a surge of unsettling events, marked by a disturbing level of violence. Despite positive export figures and a neutral WASDE report, the market remained indifferent. The escalation of tensions between Iran and Israel, coupled with the certification of stock, exerted immense pressure on market dynamics.
Cleveland on Cotton 28-Apr-2024
  • Cotton Prices Trapped as Export Sales Continue with No Change in Demand

    Low prices have encouraged export sales of all growths and U.S. cotton continues to move. Yet the level of sales is not sufficient to suggest that demand is improving. In fact, the level of sales does not even suggest any improvement in demand. Thus, cotton prices remain trapped within the narrow six cent, 77-83 cent trading range. The high 70s to low 80s trading range for both old crop and new crop will continue to prevail.
GUJCOT WEEKLY REPORT 27-APR-2024
  • Market Movement from 22nd Apr 2024 to 27th Apr 2024.

    • The week began with a correction mode, but ultimately surrendered all gains by the week's end. The market, oversold as it was, seemed to overlook positive export figures. In July, the market remained nearly unchanged, ending the week with a loss of 12 points.
PCCA Cotton Market Weekly
  • APRIL 26, 2024

    July futures spent most of the week trying to recoup some of last week’s losses.

    • May First Notice Day was on Wednesday, April 24, with 213 notices issued so far this month.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 1,77,100
    Upland Shipments 2,61,700
    Net Pima Sales 12,400
    Pima Shipments 10,100
    TOTAL SALES 1,89,500

    2024-2025
    Net Upland Sales 65,700
    Net Pima Sales 00
    TOTAL 65,700
PCCA Cotton Market Weekly
  • APRIL 19, 2024

    July futures continued their descent, finishing higher in only one trading session this week.

    • May First Notice Day is less than a week away, so traders are focused on the July contract. July futures settled at 80.61 cents per pound, finishing 464 points lower for the week.
Cleveland on Cotton
  • Focus Shifts to Production as Cotton Prices Falter

    Apr 19, 2024

    The cotton market suffered through another week of mad cow disease as the new crop December contract fell to a low of 77.26 cents before recovering, settling the week at 77.55. The old crop May contract settled the week at 78.69 cents, but that contract delivery period begins next week.
GUJCOT WEEKLY REPORT 20-APR-2024
  • Market Movement from 15th Apr 2024 to 20th Apr 2024.

    • NY future is continuing its downward trend under the pressure of certified stock, exacerbated by escalating tensions between Iran and Israel, along with technical damage. Speculators are liquidating their long positions amidst these conditions.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 1,46,100
    Upland Shipments 2,66,700
    Net Pima Sales 2,700
    Pima Shipments 5,900
    TOTAL SALES 1,48,800

    2024-2025
    Net Upland Sales 80,100
    Net Pima Sales 00
    TOTAL 80,100
Cleveland on Cotton
  • No Sugar Coating: Bearish Tones Return to Cotton Market

    Apr 14, 2024

    Thoughts that cotton had been knocked out last week were premature, as the spot May contract and other prices across the board fell in unison – including the especially important new crop December contract.
GUJCOT WEEKLY REPORT 13-APR-2024
  • Market Movement from 08th Apr 2024 to 13th Apr 2024.

    • There is a noticeable trend in NY cotton future market: many speculators are liquidating their long positions, driven by fear of delivery. Over the past three weeks, there's been a free fall in the market. In NY future, July is the leading month now. The increase in volume coupled with the decrease in open interest indicates that speculators are indeed liquidating their long positions. The anticipated tensions between Iran and Israel are exacerbating the situation.
PCCA Cotton Market Weekly
  • APRIL 12, 2024

    Cotton futures continued to fall during a busy, data-driven week.

    • May futures settled at 83.37 cents per pound, finishing 377 points lower for the week.

    • With May First Notice Day less than two weeks away, the July contract will start to take focus. July futures settled at 85.25 cents per pound, finishing 332 points lower for the week.
USDA-WASDE
  • Apr-2024

    COTTON: The U.S. 2023/24 cotton supply and demand projections are unchanged this month, with ending stocks forecast at 2.5 million bales or 18 percent of total disappearance. The marketing year price received by upland cotton producers is projected to average 76 cents per pound, a decrease of 1 cent from last month.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 81,500
    Upland Shipments 2,74,100
    Net Pima Sales 8,000
    Pima Shipments 15,900
    TOTAL SALES 89,500

    2024-2025
    Net Upland Sales 35,700
    Net Pima Sales 00
    TOTAL 35,700
GUJCOT WEEKLY REPORT 06-APR-2024
  • Market Movement from 01st Apr 2024 to 06th Apr 2024.

    • There was a bloodbath in the NY future, with increasing certified stocks experiencing a speculators liquidation. This long liquidation of spec positions converted continuing downward sentiment.
Gujcot Second Quarterly Rate Movement Report - 2023-24
  • • During the last quarter, in February, the New York May Futures experienced a notable upward surge, surpassing the dollar mark and closing above it. However, in March, there was a continuous downward correction trend observed in the NY May Futures until the end of the month. By the end of March, NY May closed in the range of 90 to 91.38 cents.
U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 84,900
    Upland Shipments 3,67,600
    Net Pima Sales 1,400
    Pima Shipments 5,200
    TOTAL SALES 86,300

    2024-2025
    Net Upland Sales 22,900
    Net Pima Sales 00
    TOTAL 22,900
PCCA Cotton Market Weekly 05-Apr-2024
  • May cotton futures finished below 90 cents per pound after falling under pressure for three consecutive sessions.

    • May futures settled at 87.14 cents per pound, finishing 424 points lower for the week. This is the contract’s lowest close since January 31.
Cleveland on Cotton 29-Mar-2024
  • Old Crop Cotton Supported As Price Creeps Lower

    My best cotton friend in Lubbock says the market is going higher while my best buddy in Memphis says it’s going lower. Of course, I agree with my friends.

U.S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 98,100
    Upland Shipments 3,60,700
    Net Pima Sales 13,500
    Pima Shipments 4,500
    TOTAL SALES 1,11,600

    2024-2025
    Net Upland Sales 72,200
    Net Pima Sales 00
    TOTAL 72,200
US Planting Intentions Report
  • All cotton planted area for 2024 is estimated at 10.7 million acres, up 4 percent from last year. Upland area is estimated at 10.5 million acres, up 4 percent from 2023. American Pima area is estimated at 203,000 acres, up 38 percent from 2023.

PCCA Cotton Market Weekly
  • MARCH 28, 2024

    Cotton futures finished lower for the week at 91.38 cents per pound but managed to recover some of the week’s losses after the release of Thursday’s Prospective Plantings report.

    • May futures closed at 91.38 cents per pound, finishing 83 points lower for the week.

    • News in the cotton market was relatively light this week, as traders were anticipating the Prospective Plantings report.
GUJCOT WEEKLY REPORT 23-MAR-2024
  • Market Movement from 18th Mar 2024 to 23rd Mar 2024.

    • The future outlook suggests a further decline in May future due to certified stock weight. In the week ending May, there was a loss of 241 points, followed by a 174-point loss in July. Consequently, July now carries an inverse trend. However, there's a slight improvement in the new crop December, gaining 27 points week over week. As a result, the inverse has narrowed to 790 points with July futures.
USDA-WASDE
  • Mar-2024

    COTTON: This month’s 2023/24 U.S. cotton forecasts show lower production and ending stocks relative to last month. Production is reduced 334,000 bales to 12.1 million, based on the March 8 Cotton Ginnings report. The final estimates for this season’s U.S. area, yield, and production will be published in the May 2024 Crop Production report. Ending stocks are 300,000 bales lower this month at 2.5 million.
GUJCOT MONTHLY RATE MOVEMENT REPORT– FEB-2024
  • • In the month of February, NY Future experienced a roller coaster ride, fueled by financial support and strategic acquisitions. Breaking through all psychological resistance barriers in the first week, it surged past the 90-point mark for the first time. By the end of first week, there were indications that NY Future might surpass the dollar threshold, reaching a high of 103.80 and closing near 99.57. Overall, NY May futures demonstrated a substantial gain of 13.16 points month-over-month.
GUJCOT MONTHLY RATE MOVEMENT REPORT– JAN-2024
  • • This month, the bulls in the New York Futures market were delighted by the favorable cotton balancesheet of the United States as presented in the WASDE (World Agricultural Supply and Demand Estimates). The market also received strong support from robust export sales, contributing to a positive sentiment among traders.

    • Speculative interest in cotton saw a return, leading to a steady increase in open interest throughout the month.
Gujcot First Quarterly Rate Movement Report - 2023-24
  • • In the month of October, both NY December and March futures commenced trading near 88 cents, experiencing a gradual decline. The market remained relatively stable during December, with NY March operating within a narrow range of 79 to 82 cents. The downward trend during this period was primarily attributed to factors such as the Gaza war and the Federal Reserve's decisions to decrease interest rates.
Thompson On Cotton
  • Current Demand Remains Weak

    December 19, 2023

    Cotton prices for the week traded in a high-to-low range of only 190 points. Every attempt to move beyond eighty-two cents was quickly stifled by grower selling while downside support held firm at 80 cents before giving way slightly on Friday closing at 79.83. This was disheartening when at the same time the Dow, S&P 500, and NASDAQ were hitting all-time highs.
GUJCOT MONTHLY RATE MOVEMENT REPORT– NOV-2023
  • • November was typically dominated by bears, characterized by sluggish trading throughout the month. In New York, December exhibited a wide trading range of 74.89 to 80.39 cents per lb, whereas March, the current lead month, remained stuck in a narrow range of 77.70 to 82.34 cents per lb. Month-over-month, December experienced a loss of 182 points, while March concluded with a 345 points loss.
U. S. EXPORT SALES
  • 2023-2024
    Net Upland Sales 4,57,200
    Upland Shipments 1,32,200
    Net Pima Sales 25,800
    Pima Shipments 2,600
    TOTAL SALES 4,83,000

    2024-2025
    Net Upland Sales 87,800
    Net Pima Sales 00
    TOTAL 87,800
GUJCOT MONTHLY RATE MOVEMENT REPORT OCT-23
  • • In October, the New York Futures for December consistently fluctuate within a price range of 82 to 88 cents. On the other hand, March futures consistently exhibit a carrying cost with a price range of 84.5 to 88.5 cents.
Gujcot Annual Report 2022-2023
  • "Navigating Challenges: A Recap of the 2022-23 Indian Cotton Market Season"

    The Indian cotton market in the 2022-23 season witnessed a series of unique challenges and fluctuations, impacting both cotton mills and farmers. Here we provide an overview of the season, highlighting key events and factors that influenced cotton prices and market dynamics.
Gujcot Fourth Quarterly Rate Movement Report – 2022-23
  • We are here providing you comprehensive overview of the various factors affecting cotton prices and production during July-September period. Here's a summary of the key points:

    1. Cotton Price NY Future Trends: The price of cotton in the NY futures market during July was in the range of 79-84 cents but moved higher to 84-88 cents in the following two months. There were attempts to break the resistance at 88 cents, but failed to sustain due to weaker demand and macroeconomic challenges.
ROSE ON COTTON
  • COTTON MARKET FINISHES WASDE WEEK MODESTLY HIGHER

    Sep 25, 2023

    Dec cotton futures gave up 53 points on the week (the very same 53 points it gained last week) finishing at 85.91, with the Dec – Mar spread strengthening a bit to (84). Last week, our models predicted a finish on the week that was to be near-unchanged to higher Vs the previous week’s finish, which proved to be correct. Dec has commenced the new week notably higher.
MSP 2023-2024
  • Government of India raised Minimum Support Price of Kapas

    Medium Staple 6,370 to 6,470
    Medium Long Staple 6,620 to 6,770
    Long Staple 6,920 to 7,020
    Extra Long Staple 7,220 to 8,220
Gujcot Monthly Rate Movement Report – Aug-2023
  • • During the August, the NY December Futures attempted multiple times to break out above the 88 cents level, but each attempt proved unsuccessful. The NY futures remained confined within a narrow range of 83 to 88 cents.

    • The WASDE report delivered a bullish outlook as the U.S. Department of Agriculture (USDA) lowered the U.S. crop by 2.5 million bales. This bullish sentiment from the WASDE report initially pushed the NY futures toward the upper boundary of the established range.
Monthly Rate Movement Report – Jul-2023
  • • NY July Future expired on 8th July, and now the front month is December. NY December new crop future stayed within a narrow range for the first 18 days but then started to trend upwards after the 18th July. Some short covering and speculative buying pulled the market to a new high of 87.90, but it eventually settled near the mid-eighties.
Gujcot Third Quarterly Rate Movement Report – 2022-23
  • • During the third quarter of the cotton season (April to June) NY July future remained within a range of 77 to 87 cents, while December future remained within a narrow range of 77 to 84.

    • The NY Future market attempted to break out of these ranges multiple times but was unable to sustain those breakouts. This suggests that there may have been various attempts to push the market beyond these established price levels, but the momentum was not strong enough to sustain the price movement outside of the given ranges.
DTN Closing Cotton
  • Cotton Ends Higher Monday

    Jul 03, 2023

    The cotton market was somewhat higher Monday, inspired by adverse weather unfolding across the Belt, as well as continued supporters from Friday's acres report.

    The cotton market was somewhat higher Monday, inspired by adverse weather unfolding across the Belt, as well as continued supporters from Friday's acres report.
Monthly Rate Movement Report – May-2023
  • • During the month of May, NY July cotton future have not been able to break out of the long-term range of 79-86. The latest WASDE report was somewhat favorable for the market, with an increase in U.S. exports and a decrease in ending stocks. Export sales have been decent, leading the U.S. Department of Agriculture (USDA) to raise the US export estimate from 12.2 to 12.6 million bales.
ICAC - Cotton This Month June-2023 Update
  • Cotton’s Slow Period Continues... But Planting Decisions Are Coming Soon

    With the current season coming to a close it is time to start shifting our focus to the next season with high hopes and anticipation. Most of the Northern Hemisphere cotton producing countries have started planting, are preparing for planting, or are thinking about planting. Soil moisture is an essential ingredient for a successful planting operation.
Cotton Outlook Press Release
  • May 26, 2023

    Cotlook’s May supply and demand forecasts indicate lower consumption and higher world ending stocks for both 2022/23 and 2023/24

    Cotlook’s forecast of global raw cotton output in 2022/23 has been reduced this month, by 69,000 tonnes to 24,852,000 tonnes. Reductions for the African Franc Zone and the United States were partially offset by increases for China and Australia.
Shurely on Cotton 19-May-2023
  • Cotton Prices Keep Knocking on the 85 Cents Door

    Since plummeting to the low 70s last fall, new crop December 2023 futures roller-coastered up, then down, then up again to near 86 cents by the end of January. December 2023 has since teetered within a five-cent range of mostly 79 to 84 cents over the past five months.
MONTHLY RATE MOVEMENT REPORT APR-2023
  • • Happy Gujarat Sthapana Divas

    • The first half of the month saw a narrow range of 80 to 85 cents for NY futures, but the second half was bearish with a range of 76.5 to 81 cents. USDA released the WASDE report, which was nearly neutral and did not cause any significant volatility.
Gujcot Second Quarterly Rate Movement Report – 2022-23
  • • Team Gujcot wishing happy and earning new financial year to all cotton friends.

    • January-March quarter was volatile in all futures. Huge ups and downs were noticed during this period. Despite huge ups and downs range is very narrow. NY March was in 80.25 to 87.00 range while NY May moved in slightly bigger range of 76.54 to 88.02.
ICAC April Month Updates
  • Cotton This Month 03 April 2023

    Indian Farmers Might Be Holding Their Cotton but Global Production Remains Stable

    In this edition of Cotton This Month, we will examine the current situation with delayed cotton arrivals in India and how this may affect the global balance sheets in the 2022/23 season.
USDA Prospective Planting 2023
  • All cotton planted area for 2023 is estimated at 11.3 million acres, down 18 percent from last year. Upland area is estimated at 11.1 million acres, down 18 percent from 2022. American Pima area is estimated at 154,000 acres, down 16 percent from 2022.

Monthly Rate Movement Report – Feb 2023
  • Monthly Rate Movement Report – Feb 2023

    • 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
Monthly Rate Movement Report – Jan 2023
  • Monthly Rate Movement Report – Jan 2023

    • 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
ICE Cotton Update
  • Cotton set for best week in over 2 – months on strong export sales data

    ICE cotton futures rose 3% on Friday and were headed for their best week in more than two months, supported by strong U.S. export numbers and on hopes of an uptick in demand from top consumer China.
Gujcot FIrst Quarterly Rate Movement Report – 2022-23
  • • Team Gujcot wishes happy, healthy and earning new year 2023 to all our friends.

    • Year 2022 taught us many lessons. We witnessed extremely high rates. NY cotton future near 158 cents per lb. and Indian physical cotton rate crossed Rs one lakh per candy. Some sweet and some bitter memories of year 2022. first quarter of the Indian new cotton season and second quarter of US new cotton season was dominated by bears.
MSP 2022-2023
  • Government of India raised Minimum Support Price of Kapas

    Medium Staple 5,830 to 5,930
    Medium Long Staple 6,080 to 6,230
    Long Staple 6,280 to 6,380
    Extra Long Staple 6,580 to 7,580
Gujcot Monthly Rate Movement Report – Nov 2022
  • • November month started with sharp uptrend during the first week. NY Future closed limit up for the first four days in this month and jumped to 87 cents from 72 cents in just one week. There after remained highly volatility during the month.

    • USDA WASDE report was neutral to bearish.
PLEXUS Market Comments
  • So where do we go from here?

    The lack of demand is clearly a problem at the moment and as such the WASDE doesn’t reflect the right set of numbers in its balance sheet. While the supply side is now more or less known, the demand side is overstated by several million bales and will have to be adjusted lower over the coming months, which will have a bearish impact.
Gujcot Monthly Rate Movement Report – Oct 2022
  • • October was month of continuous down trend. NY December future lost about 1300 points during the month. USDA WASDE was bearish. USDA reduced world consumption by 3 million bales so world ending stock was also up by 3 million bales. Recession fear in Europe and America has created downward sentiment.

    • US Export sales was poor also some cancellation from China reason for downtrend. But US is well committed to reach USDA export target.
Gujcot Annual Report 2021-2022
  • Cotton season 2021/22 was a very challenging one. Cotton market opened at its historically high level and climbed up to create a new historical high of Rs.100,000 plus per candy. Hence it proved that is very difficult for even experts to predict top and bottom of the cotton market. Market finds its own level.
Gujcot Monthly Rate Movement Report – Sep 2022
  • Monthly Rate Movement Report – Sep 2022
    • 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.
Monthly Rate Movement Report – Aug 2022
  • Monthly Rate Movement Report – Aug 2022

    • 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
Monthly Rate Movement Report – Jul 2022
  • Monthly Rate Movement Report – Jul 2022

    • 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
Gujcot Third Quarterly Rate Movement Report – 2021-22
  • Third Quarterly Rate Movement Report 2021-22

    • 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.
Monthly Rate Movement Report – May 2022
  • Monthly Rate Movement Report – May 2022

    • 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
Monthly Rate Movement Report – Apr 2022
  • Monthly Rate Movement Report – Apr 2022

    • 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
Gujcot Second Quarterly Rate Movement Report – 2021-22
  • Second Quarterly Rate Movement Report 2021-22

    • 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.
Monthly Rate Movement Report – Feb 2022
  • Monthly Rate Movement Report – Feb 2022

    • 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
Monthly Rate Movement Report January– 2022
  • Monthly Rate Movement Report January– 2022

    • 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.
Gujcot FIrst Quarterly Rate Movement Report – 2021-22
  • • Up trend in cotton prices during first quarter of new season has continued with cotton prices touching life time new high in Indian cotton. While in U.S. It is the second highest rate after 2011.

    • Indian Mills earned well during first quarter with old crop CCI stock till October and new arrivals.
Monthly Rate Movement Report November– 2021
  • Monthly Rate Movement Report October– 2021

    • 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
Monthly Rate Movement Report – Oct 2021
  • Monthly Rate Movement Report – Oct 2021

    • 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
Shurley on Cotton
  • Fundamentals Provide Reason For New Hope, Support

    December 10, 2021

    Uncertainty and panic over the OMICRON variant caused the cotton market, along with many other commodities, to drop significantly in price over the past 2 weeks.
Jerningan Global News Letter 15-Nov-2021

  • 1. INDIA DIWALI & RECORD COTTON PRICES ADD TO GLOBAL GROWTH PROSPECTS

    2. US CFR BASIS LEVELS REACH NEW EXTREMES: ARE THEY PEAKING? IS A E/MOT M 1 1/8 WORTH 2100 ON?
MSP
  • Cotton MSP 2021-2022
    Cotton MSP Increased by 200 to 211 Per Quintal
Cotton Indices and Spot Rate As on 17-Aug-2020
  • Brazil Cotton Index 100.05 +1.51%

    Cotlook A Index 102.75 unch

    US Upland Spot Rate 91.81 +0.85

    MCX Spot Rate 27,160

    China Cotton Index
    As on 18-Aug-2021

    CC Index 328: 18542 +138
    CC Index 527: 17498 +120
    CC Index 229: 18831 +146
ICAC - Cotton This Month
  • Production, Consumption and Trade are Expected to Increase in 2021/22

    For the current season, the global production estimate for 2020/21 has been reduced to 24.3 million tonnes this month with smaller crop estimates expected for India, Brazil, and the United States. For India, the latest meeting of the Committee on Cotton Production and Consumption (COCPC) reported production for 2020/21 at 6.12 million tonnes. With the country under crisis from a second wave of COVID-19, mill-use has been revised down to 5.15 million tonnes.
MSP Procurement 23-Mar-2021
  • Procurement operations of seed cotton (Kapas) under MSP are going on smoothly in the States of Punjab, Haryana, Rajasthan, Madhya Pradesh, Maharashtra, Gujarat, Telangana, Andhra Pradesh, Odisha and Karnataka. Till 23.03.2021 a quantity of 91,86,803 cotton bales valuing Rs.26,719.51 Crore has been procured benefitting 18,86,498 farmers.
ICAC - Cotton Update
  • 15th Mar 2021

    Major changes (larger than 40,000 tonnes)

    Australia 2020/21: production 562,000 tonnes (+56,000 tonnes)

    Brazil 2020/21: production 2.5 million tonnes (-128,600 tonnes)

    2020/21: exports 1.74 million tonnes (+79,000 tonnes)
Exchange Stock Position
  • MCX Cotton As on 18-Feb-2021

    Total Utilized Capacity =2,11,825 Bales
    Eligible for Exchange Delivery = 1,76,775
    Quantity in Process = 31,275
    Rejected Stocks = 3,775 Bales

    NCDEX KHAL As on 18-Feb-2021

    Cotton Seed Oil Cake Stock
    Unencumbered = 76,804 MT
    Pledged = 7,487 MT
    QTY in Process = 715 MT
Monthly Rate Movement Report – September 2021
  • Monthly Rate Movement Report – September 2021

    • 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
Monthly Rate Movement Report – August 2021
  • Monthly Rate Movement Report – August 2021

    • 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
Monthly Rate Movement Report – July 2021
  • Monthly Rate Movement Report – July 2021

    • 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
THIRD QUARTERLY RATE MOVEMENT 2020-21
  • THIRD QUARTERLY RATE MOVEMENT 2020-21

    • 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
Monthly Rate Movement Report – May 2021
  • Monthly Rate Movement Report – May 2021

    • 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
Monthly Rate Movement Report – Apr 2021
  • Monthly Rate Movement Report – Apr 2021

    • 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
SECOND QUARTERLY RATE MOVEMENT 2020-21
  • SECOND QUARTERLY RATE MOVEMENT 2020-21

    • 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
Monthly Rate Movement Report – Feb 2021
  • Monthly Rate Movement Report – Feb 2021

    • 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
Monthly Rate Movement Report – Jan 2021
  • Monthly Rate Movement Report – Jan 2021

    • 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
FIRST QUARTERLY RATE MOVEMENT 2020-21
  • FIRST QUARTERLY RATE MOVEMENT 2020-21

    • 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
ICAC Executive Summary
  • Lower Production Expected to Ease Pressure on Prices in 2020/21

    Highlights from the December 2020 Cotton This Month include

    *The global production estimate has been lowered to 24.7 million tonnes for 2020/21

    *The global consumption estimate remains steady ay 24.3 million tonnes

    *Global trade is expected to climb to 9.4 million tonnes

Monthly Rate Movement Report – Nov 2020
  • Monthly Rate Movement Report – Nov 2020

    • 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
Cotton Inc. Monthly Economic Letter November-2020
  • Cotton Market Fundamentals & Price Outlook

    RECENT PRICE MOVEMENT

    All international benchmark prices increased over the past month.

    The NY December futures contract climbed from 67 to as high as 72 cents/lb near the end of October.  More recently, prices eased back to 70 cents/lb.
    Cotlook’s A Index rose from 73 to 76 cents/lb over the past month.
Monthly Rate Movement Report – Oct 2020
  • Monthly Rate Movement Report – Oct 2020

    • 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
Monthly Rate Movement Report – Sep 2020
  • Monthly Rate Movement Report – Sep 2020

    • 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
Monthly Rate Movement Report – Aug 2020
  • Monthly Rate Movement Report – Aug 2020

    • 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
MSP 2020-2021
  • Government of India raised Minimum Support Price of Kapas.

    Medium Staple 5,265 to 5,365
    Medium Long Staple 5,515 to 5,665
    Long Staple 5,725 to 5,825
    Extra Long Staple 6,025 to 7,025
ICAC - Cotton This Month
  • Changes in Supply and Demand Estimates (from 17 August 2020)

    Limited Cotton Recovery within Pandemic: Production and Stock Levels High, Slow Consumption Growth  

    Even as the most stringent containment measures begin to be lifted, the opportunity for economic recovery may not relieve current market uncertainty. Countries vary in their ability to flatten the contagion curve and the fiscal space to mitigate the pandemic associated recession.
Cotton Inc. Monthly Economic Letter August-2020
  • Cotton Market Fundamentals & Price Outlook

    RECENT PRICE MOVEMENT

    Movement in benchmark prices was mixed over the past month.

    The NY December futures contract moved lower (to below 60 cents/lb in late July) and then higher (near 65 cents/lb in early August) over the past month. Current values (63 cents/lb) are nearly even with those from one month ago.

Monthly Rate Movement Report – Jul 2020
  • Monthly Rate Movement Report – Jul 2020

    • 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
Monthly Rate Movement Report – Jun 2020
  • Monthly Rate Movement Report – Jun 2020

    • 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
Weather Forecast 19-June
  • A cyclonic circulation is over East Uttar Pradesh and adjoining area. Another cyclonic circulation is over Central Pakistan. A trough is extending from central Pakistan to Bangladesh across Rajasthan, South Uttar Pradesh, Jharkhand and West Bengal in lower levels. A cyclonic circulation is over central parts of Assam. A cyclonic circulation is over south Konkan. A shear zone is extending from this cyclonic circulation to Chhattisgarh across North Interior Karnataka and Telangana. 
NCC survey
  • U.S. producers will plant 13 million acres in 2020

    U.S. cotton producers intend to plant 13 million cotton acres this spring, down 5.5% from 2019 (based on the U.S. Department of Agriculture’s February 2020 estimate), according to the National Cotton Council’s 39th Annual Early Season Planting Intentions Survey.

Cotton Inc. Executive Cotton Update - February 2020
  • Executive Cotton Update - February 2020

    Macroeconomic Overview:  The Bureau of Economic Analysis estimates that the U.S. economy grew 2.3% in 2019.  Forecasts suggest that growth could slow a little in 2020, with many projections falling between 1.9% and 2.1%.  For comparison, in 2018, growth was 2.9% and in 2017 growth was 2.4%.    

ICAC - Executive Summary Dec-2019
  • Highlights from the Inaugural Session of the 78th Plenary Meeting:

    Consumers today are increasingly demanding information on the origin and history of the products they buy, putting pressure on retailers to provide transparency

    Multiple technologies have the potential to provide that traceability, including blockchain and a host of products from private companies
Gujcot Cotton Crop Estimate 2019-20
  • Gujarat cotton crop is estimated as 1,06,94,302 Bales out of which 2,75,000 Bales will be of V-797 rest will be Shankar-6. Gujarat cotton crop yield is expected to rise by 32.97% and crop is expected to increase by 30.83%

    we estimate total Gujarat cotton pressing to be 120-125 Lakh Bales of 170 Kg.
TDS Notification
  • Government Notification for exemption from TDS on Cash Withdrawal from Bank

    Read Notiofication in PDF
Gujarat Cotton Sowing Final Report
  • 07 October 2019

    Gujarat Area under Cotton Sowing reached 26,68,300 Hectares.

    Saurashtra 18,89,000 Hectares.
    North Gujarat 2,40,400 Hectares.
    Middle Gujarat 3,21,300 Hectares.
    South Gujarat 1,57,100 Hectares.
    Kutch 60,500 Hectares.
Gujcot Annual Report 2018-19
  • The Season 2018 -2019 started with bullish sentiment in India. Indian cotton crop was predicted 343 lakh bales at the start of the season against 365 to 375 lakh bales of season 2017-2018. Opening stock was low and mills requirement of new cotton was high. With bull sentiment season touched double top at 47,150 on 15th October at the start of the season.
MSP 2019-2020
  • Government of India raised Minimum Support Price of Kapas.

    Medium Staple 5,005 to 5,150
    Medium Long Staple 5,255 to 5,405
    Long Staple 5,450 to 5,550
    Extra Long Staple 5,750 to 6,750
MSP 2018-2019
  • Government of India raised Minimum Support Price of Kapas.

    Medium Staple 4,900 to 5,000
    Medium Long Staple 5,150 to 5,300
    Long Staple 5,350 to 5,450
    Extra Long Staple 5,650 to 6,650
China Cotton Auction
  • From May 5 to Sep 27, the cumulative turnover of reserve cotton was 979,100 tons, and the turnover rate was 85.94%.
US Export Sales Summary
  • 01-Aug-2019 To 22-Aug-2019

    2019-2020

    COMMITMENTS
    PIMA 1,53,645
    UPLAND 80,84,753
    TOTAL 82,38,398

    SHIPMENTS
    PIMA 29,297
    UPLAND 8,61,924
    TOTAL 8,91,221

    2020-2021 SALES

    UPLAND 4,63,124
USDA - Cotton and Wool Outlook
  • Cotton and Wool Outlook

    U.S. Cotton Product Trade Increasing in 2019

    The latest U.S. Department of Agriculture (USDA) estimates indicate that total U.S. cotton textile and apparel trade rose during the first half of 2019, compared with the corresponding 2018 period. U.S. cotton product imports totaled the equivalent of 9.0 million 480-pound bales of raw cotton during January-June 2019—compared with 8.8 million bales for the first 6 months of 2018—while cotton product exports declined slightly to 1.7 million bale-equivalents.
India's Cotton Textiles Export Update for FY (April – June) 2019-20
  • India’s Cotton Textiles Exports

    Cotton Textile exports reached a level of USD 739.17 million in June 2019 marking a decline of (-) 30.4 per cent against the corresponding month of June 2018, wherein exports were valued at USD 1,061.96 million.

    In rupee terms, exports during the month of June 2019 reached a level of Rs. 5,132.72 cr. as against Rs. 7,199.39 Cr. in June 2018 marking a decline of (-) 28.7 per cent in rupee terms.
USDA -World Markets and Trade
  • China cotton imports in 2019/20 are expected to surpass the previous year’s robust level, reinforcing its position
    as the world’s largest importer. The current 2018/19 estimate, boosted this month, is expected to be the largest in 5 years as China supplements domestic supplies amid ongoing auctions of State Reserve stocks. Despite this strong upward trend in imports, U.S. exports to China have weakened as Brazil, Australia, and other countries have expanded both exports and market share.
Indian Raw Cotton Export-Import 2018-19
  • INDIAN COTTON EXPORT
    Including Cotton Waste

    Oct-2018 to Mar-2019
    6,63,386 Tones
    39,02,271 Bales of 170 Kg

    INDIAN COTTON IMPORT
    Including Cotton Waste

    Oct-2018 to Mar-2019
    1,01,072 Tones
    5,94,541 Bales of 170 Kg

USDA Prospective Plantings
  • USDA Planting Intention

    US All cotton planted area for 2019 is estimated at 13.8 million acres, 2 percent below last year.

    Upland area is estimated at 13.5 million acres, down 2 percent from 2018.

    American Pima area is estimated at 255,000 acres, up 2 percent from 2018.
GUJCOT CROP SURVEY REPORT 2018-19
  • Saurashtra
    Area in Hectare = 19,29,800
    Yield Kg/ha = 447.88
    Crop in 170 Kgs Bales = 50,84,224

    North Gujarat
    Area in Hectare = 3,76,800
    Yield Kg/ha = 575.84
    Crop in 170 Kgs Bales = 12,76,340

    Main Line
    Area in Hectare = 3,49,200
    Yield Kg/ha = 749.92
    Crop in 170 Kgs Bales = 15,40,429

    Kutch
    Area in Hectare = 56,300
    Yield Kg/ha = 825.00
    Crop in 170 Kgs Bales = 2,73,221
Brazil: More cotton acreage is being planted
  • Shifting Corn Acres to Cotton

    While corn remains the major safrinha crop for Brazilian farmers, more cotton acreage is being planted in Mato Grosso this spring, as well.

    Over the past two years, cotton planting has increased by nearly one-third for the safrinha in Mato Grosso. The Brazilian Association of Cotton Producers(Abrapa) forecast cotton acreage to grow to 1.4 million hectares (3.46 million acres). Mato Grosso accounts for about 88% of Brazil’s cotton production.
Gujarat Cotton Sowing Final Report
  • 08 October 2018

    Gujarat Area under Cotton Sowing reached 27,12,100 Hectares.

    Saurashtra 19,29,800 Hectares.
    North Gujarat 2,73,500 Hectares.
    Middle Gujarat 3,07,500 Hectares.
    South Gujarat 1,44,900 Hectares.
    Kutch 56,300 Hectares.
All India Cotton Sowing Till 19-Sept
  • All India Cotton sowing area reached 1,20,64,100 Hectares against 1,21,71,900 hectares same period last year.

    North India 14,45,100
    Central India 75,28,900
    South India 29,15,000
Historical Revisions to Indian's Cotton Balance Sheet - USDA
  • Historical Revisions to Indian's Cotton Balance Sheet - USDA

    Historical revisions have been made to India’s balance sheet for the years 2002/03 through 2013/14, with the stock adjustment carried forward. The revisions are based on the conclusion that market yard arrivals data underreported arrivals in the early portion of the harvest season. This conclusion was based on observed market activity in November for several years.
China Cotton Auction FINAL
  • 12-March-2018 To 30-Sept-2018

    METRIC TONNES
    Reserve Stock End Of 2017 5,256,286
    Cumulative Sales 2,510,279
    Remaining Stock 2,746,007

    BALES
    Reserve Stock End Of 2017 24,142,123
    Cumulative Sales 11,529,712
    Remaining Stock 2,612,411
GST Refund Notification
  • GST Refund of unutilised input credit

    As per notification issued yesterday, Refund will be granted of unutilised GST credit on raw materials purchased after 1st August, 2018.
MSP 2017-2018
  • Government of India raised Minimum Support Price of Kapas.

    Medium Staple 3,770 to 3,870
    Medium Long Staple 4,020 to 4,170
    Long Staple 4,220 to 4,320
    Extra Long Staple 4,520 to 5,520
MSP 2016-2017
  • Government of India raised Minimum Support Price of Kapas.

    Medium Staple 3,610 to 3,710
    Medium Long Staple 3,860 to 4,010
    Long Staple 4,060 to 4,160
    Extra Long Staple 4,360 to 5,360
MSP 2015-2016
  • Government of India raised Minimum Support Price of Kapas.

    Medium Staple 3,550 to 3,650
    Medium Long Staple 3,800 to 3,950
    Long Staple 4,000 to 4,100
    Extra Long Staple 4,300 to 5,300
MSP 2014-2015
  • Government of India raised Minimum Support Price of Kapas.

    Medium Staple 3,500 to 3,600
    Medium Long Staple 3,750 to 3,900
    Long Staple 3,950 to 4,050
    Extra Long Staple 4,250 to 5,250
MSP 2013-2014
  • Government of India raised Minimum Support Price of Kapas.

    Medium Staple 3,450 to 3,550
    Medium Long Staple 3,700 to 3,850
    Long Staple 3,900 to 4,000
    Extra Long Staple 4,200 to 5,200
MSP 2012-2013
  • Government of India raised Minimum Support Price of Kapas.

    Medium Staple 3,400 to 3,450
    Medium Long Staple 3,600 to 3,750
    Long Staple 3,800 to 3,900
    Extra Long Staple 4,100 to 5,100
MSP 2011-2012
  • Government of India raised Minimum Support Price of Kapas.

    Medium Staple 2,600 to 2,650
    Medium Long Staple 2,800 to 3,050
    Long Staple 3,100 to 3,300
    Extra Long Staple 3,500 to 4,500