GUJCOT WEEKLY REPORT 07-MAR-2026

Market Movement from 02nd Mar 2026 to 07th Mar 2026.

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• NY futures did not show much movement during the week. The March contract closed at 63.61 cents on 27-Feb and 63.19 cents on 06-Mar, registering a week-on-week loss of 0.42 cents.
• Poor sales, but robust shipments provided support to the market.
• In the latest U. S. Export Sales Report for the week ending 26-February-2026, remained supportive for the cotton market. Net Upland sales for the 2025-26 season were reported at 1,50,300 bales, while shipments were strong at 2,82,200 bales. Net Pima sales stood at 7,500 bales with shipments of 12,400 bales, taking total sales for the current season to 1,57,800 bales. For the 2026-27 marketing year, net Upland sales were reported at 54,600 bales with no Pima sales, bringing total new crop sales to 54,600 bales. Overall, strong shipments indicate steady global demand for U.S. cotton.
• During the week, the Gujcot Spot Rate remained largely steady with minor fluctuations. The rate opened on Monday at ₹54,100 and remained unchanged on Tuesday and Wednesday at ₹54,100. On Thursday, the market softened slightly to ₹54,050 before gaining strength on Friday to close at ₹54,300, reflecting stable demand and limited movement in the physical cotton market. The rate on Saturday was ₹54,150.
• The Indian physical cotton market remained mostly stable with no major price movement. Cotton Corporation of India (CCI) also sold only a limited quantity during the period.
• During this week, the Indian basis remained stable, trading in the range of 12.10 to 13.40.
• This week the USD–INR exchange rate showed mixed movement with slight volatility. The market opened on Monday at 91.47 and remained unchanged on Tuesday at 91.47. On Wednesday, the rupee weakened sharply against the dollar with the rate rising to 92.15. However, the rupee recovered on Thursday with the exchange rate easing to 91.60, before closing the week slightly weaker at 91.74 on Friday. Overall, the rupee witnessed mid-week pressure but managed partial recovery towards the end of the week, resulting in a relatively stable weekly trend.
• Let’s hope for the best.